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Gold/Mining/Energy : ATPG Shareholders -- Ignore unavailable to you. Want to Upgrade?

To: Positron who wrote (3078)	5/3/2013 12:22:15 PM
From: kollmhn	2 Recommendations Read Replies (1) \| Respond to of 3620

Positron- Given that the DIP has super priority status, no one (excepting professionals) will see a cent if the DIP isn't paid in full. With the DIP last trading at 68 and change, it would appear there is a slim chance for it to be repaid in full. This, of course, means "no soup for you today". Everybody below gets stiffed. Not even crumbs are tossed to the subordinated classes.

To: Positron who wrote (3078)	5/3/2013 1:26:07 PM
From: silkscreen12	4 Recommendations Read Replies (3) \| Respond to of 3620

This was an intelligent post. So intelligent, in fact, that the usual bunch of numbskulls have chosen to ignore it. Well, it did get 2 recommendations, so, apart from me, at least one other person thought it had merit. My message board friend has urged me to write a little something to counter the outrageous pumping that has been going on here lately. He fears that some "innocent bystanders" may be fooled into gambling and losing their hard-earned money on the basis of misinformation. Personally, I think my friend's concern for the well-being of others is as misplaced as it is well intentioned.The undeniable reality of the marketplace is that there must always be bagholders when the music stops, and fools will be parted from their money no matter how hard one tries to prevent it. Nevertheless, as a favour to my friend, I will just say this. Your optimistic scenario is quite reasonable, but you have failed to take account of the 350-400 million dollar P&A obligations that cannot be avoided. Factor those into the severely impaired values of ATP's Gomez and Telemark hub properties and it is most unlikely that cash flows from Clipper and elsewhere will be sufficient to make the DIP whole, even if the term ORRI and NPI holders are successfully buggered. There simply isn't enough value in those properties to support a reorganized company, and there's nothing anyone can do to change that. If you are lucky, you may get a second Clipper bounce when the next well comes on line. You would be wise to take advantage of that salvage opportunity. If any newcomers are thinking of buying the optimistic bullshit being peddled on this and other message boards about a firebird rising from the ashes, by all means buy it. Like I said, some fool must always be left holding the bag.

To: Positron who wrote (3078)	5/3/2013 3:35:49 PM
From: BuckeyeOil	2 Recommendations Respond to of 3620

My thoughts are based on this being a go forward company with hard assets...platforms, infrastructure, geology, equipment, leaseholds, etc that have had real dollars (couple billion +) poured into them. They become valuable once again to a cash flowing company that has had its overhead pared. They have many more possible GREAT locations should they get out of this mess. The cash would obviously come from a lender or a JV partner that could look at a scenario like this and believe that with debt at $1 to $1.5 billion at some normal rate in todays environment, the company will have $750 - $800 million in revenue to service it with.....I assume strongly ORRI holders will HAVE to make a deal........I assume strongly there will be money from BP of at least several hundred million....I assume strongly the next Clipper well comes on and flows like projected.....IF these things happen, my scenario is definetly possible......Or some variation of it......I also believe that as the DIP goes along they may WANT to stay in the game with some or all of their loans and become part of the Newco as this company has huge potential as the new platforms come that take YEARS to build..... ANYway, just another view....I like to get the shorts all up in arms as they want people to believe there is no other way and there is....may or may NOT happen but there are possibilities with this ESPECIALLY with $3.1 BILLION suit with BP..... PS...I am an optimist....it gets me injured now and then....But I LOVE seeing shorts BLOWN UP.....