22:01 | 22.09.2009
ATP Announces Commencement of Public Offering of Common Stock
ATP Oil & Gas Corporation (NASDAQ: ATPG) today announced that it has
commenced an underwritten public offering of 5.3 million shares of its
common stock. The underwriters for the offering will also have the
option to purchase up to 0.795 million additional shares of common stock
to cover any over-allotments. ATP intends to use the net proceeds from
the offering to fund capital expenditures, primarily at its Telemark
location in the deepwater Gulf of Mexico, to reduce indebtedness and for
general corporate purposes.
J.P. Morgan Securities Inc. and Credit Suisse Securities (USA) LLC will
act as joint book-running managers for the common stock offering. A copy
of the preliminary prospectus supplement and related base prospectus for
the offering may be obtained on the Securities and Exchange Commission
(“SEC”) website at http://www.sec.gov.
Alternatively, the underwriters will arrange to send you the preliminary
prospectus supplement and related base prospectus if you request them by
contacting J.P. Morgan Securities Inc. at 4 Chase Metrotech Center, CS
Level, Brooklyn, NY 11245, Attn: Chase Distribution and Support Service,
Northeast Statement Processing, or by telephone to (718) 242-8002, or by
or by fax at (718) 242-8003. Requests may also be made by contacting
Credit Suisse Securities (USA) LLC, Prospectus Department, One Madison
Avenue, New York, NY 10010.
This Press Release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale of
these securities would be unlawful prior to registration or
qualification under the securities laws of any such state.
About ATP Oil & Gas Corporation
ATP Oil & Gas is an international offshore oil and gas development and
production company with operations in the Gulf of Mexico and the North
Sea. The company trades publicly as ATPG on the NASDAQ Global Select
Market.
Forward-looking Statements
Certain statements included in this news release are “forward-looking
statements” under the Private Securities Litigation Reform Act of 1995.
ATP cautions that assumptions, expectations, projections, intentions, or
beliefs about future events may, and often do, vary from actual results
and the differences can be material. Some of the key factors which could
cause actual results to vary from those ATP expects include changes in
natural gas and oil prices, the timing of planned capital expenditures,
availability of acquisitions, uncertainties in estimating proved
reserves and forecasting production results, operational factors
affecting the commencement or maintenance of producing wells, the
condition of the capital markets generally, as well as ATP’s ability to
access them, and uncertainties regarding environmental regulations or
litigation and other legal or regulatory developments affecting our
business. More information about the risks and uncertainties relating to
ATP’s forward-looking statements are found in the Company’s SEC filings.
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