ATP Oil & Gas Corp fka ATPAQ

[Picassa]

ATOMIC NEWS !!!

GE Energy Financial Services, a unit of GE (NYSE: GE - News), has agreed to invest $150 million in a partnership with Houston-based ATP Oil & Gas Corporation (NASDAQ: ATPG - News) which will own and operate a floating oil and gas production unit in deepwater Gulf of Mexico. Subject to completion of customary closing conditions, GE Energy Financial Services will invest $150 million for a 49 percent limited partnership stake, its first investment in a floating oil and gas production facility. ATP Oil & Gas Corporation will hold the remaining 51 percent stake and will serve as managing partner.