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ATP says no impact to Telemark development from drilling moratorium

|Includes:ATP Oil & Gas Corp. (ATPAQ)

http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MzgzMTUxfENoaWxkSUQ9Mzg0ODIwfFR5cGU9MQ==&t=1

ATP slides from last week.    Pretty important news within for investors on page 11.

I suppose this makes sense given that the final two wells at Telemark have already been partially drilled and ATP would therefore already have have the drilling permits.

Once Telemark complete the next major project is in the North Sea.


"ATP does not anticipate any impact on the

timing of it’s development plan from

the moratorium on drilling permits"

 



Disclosure: Long ATPG
Stocks: ATPAQ