ATPG Senior 11.875% 2nd Lien Bonds (fka ATPG.GE)

[OHMYGOD]

ATP Oil & Gas Corp. is seeking bankruptcy-court permission to sell 18 of its 38 offshore exploration and drilling areas at an auction next month.

ATP, which primarily drills in both the shallow and deep waters of the Gulf of Mexico, on Tuesday filed court papers proposing a February auction of its leases and other interests in 18 shallow drilling areas, located on the Outer Continental Shelf in the Gulf.

http://www.rigzone.com/news/oil_gas/a/123337/ATP_Oil_Seeks_Court_Permission_to_Sell_Shelf_Drilling_Areas


All leases are encumbered by the DIP: per Mr. Reese on the audio from Oct. 9 meeting.

OMG