Replies to post #344 on ATPG Senior 11.875% 2nd Lien Bonds (fka ATPG.GE)

[BuckeyeOil]

Good catch.....Ok...Next question....Are the claims / suits included also....Wouldn't they be an asset of ATP...? If so, then I am sure all bids will be rejected.....

[seismic]

From the Mayer Brown filing #1652

02/01/13 Gray, Robert F. 0.20
Work with Rick Hyman on foreign lien issues in DIP agreement regarding UK assets.

12/10/12 Gray, Robert F. 0.80
Review IOG proposed transaction for purchase of ATP UK (0.30); and telephone conference with John Tshirhart, Leland Tate and Charles Kelley (0.50).

02/20/13 Beltzer, Howard S. 0.10
Correspondence with C. Kelley regarding UK equity sale issues.

02/27/13 Gray, Robert F. 1.80
Attend coordinating meeting with UK to discuss US issues in connection with sale of shares of UK, process, timing and milestones (1.30); follow up call with Devi Shah and Rob Hamill (0.50).

[KT_investor]

I think the auction is limited to GOM assets and does not include UK assets.

Kccllc: Document 1419 p17 (1.Property to be sold)

[romang]

http://www.kccllc.net/documents/1236187/1236187130214000000000064.pdf

check page 17 property to be sold

im confused on this. I was thinking uk assets etc are not included


also

found this post on motley fool atp message board

http://boards.fool.com/deepwater-asset-sales-30437501.aspx?sort=postdate

Received the flyer for the sale of all of ATP's deepwater GoM assets this morning. The sale does not include the Titan nor any North Sea assets but it does include all of their GoM fields and their half interest in the Innovator located at Gomez. The Titan is not included because it is subject to an essential lein by Beal Bank so any deal for the Titan has to be negotiated with them. It is a separate entity from ATP and since ATP is in default I suspect Beal Bank essentially owns it.
Lots of reserves indicated. Most of them Proven Undeveloped especially at Gomez. They should have spent a lot more time developing these reserves at Gomez where they would have had immediate production from them rather than drilling Clipper and Shimshon.