Can someone help me understand what is actually left of any value if the DIP bid is approved by the judge? I'm trying to find a ray of hope. I was looking through the subs/non-debtor entities of some value...
1) 51% interest in ATP Infra Partners - holds Innovator offshore production facility, BV of $88.8m as of 11/30/2012 - is this part of the DIP sale or remaining to the rest of the creditors after the sale?
2) Titan & ATP Neth - this is taken all by the DIP as part of the "purchased equity" per the APA? Nothing left for non-DIP in terms of asset and/or equity interest?
3)ATP UK - but the DIP technically has a large interco recv on them, and they have a negative BV of -92m, so limited value here?
4) ATP Israel - wasn't the license taken away, so there is limited value here as well?
5) Gomez - what happens with Gomez, as reading the APA, I was under the impression that it was not part of the deal?
Would appreciate any insight.