Las Vegas, NV -- (SBWIRE) -- 03/20/2013 -- ATP Oil & Gas Corporation (PINK:ATPAQ) announced that production has started in site located in Green Canyon. The deepwater oil and gas production took place at Clipper wells GC 300 #4 and the other well at same location, GC 300 #2 ST#1, will start production in few months.
ATP Oil & Gas Corporation has filed a petition on voluntary basis for Bankruptcy for the Southern District of Texas. Management is though issuing forward-looking statements but it is not guaranteed that performance will improve and risks will be avoided.
ATP Oil & Gas Corporation is an oil and gas company that acquires, develops and produces oil and natural gas properties. The Company owns reserves of 118.9 Million barrels of crude oil. Out of this quantity, about 64% is in Gulf of Mexico and 36% in the North Sea. The company acquired 3 licenses in the Mediterranean Sea for potential resources of natural gas in deepwater.
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