ATP Wins GOM Lease
ATP Oil & Gas Corporation
reported that it was awarded two of the three blocks for
which it was the apparent high bidder at the Western Gulf of Mexico Offshore
Lease Sale held in New Orleans this past August. ATP is the operator and has
a 100% working interest in the blocks, Garden Banks 228 and High Island A-391,
which were awarded at a total cost of approximately $0.6 million dollars.
Garden Banks Block 228 is located in approximately 745 feet of water and
has one well that was drilled to 16,897' TVD in 2003, and it logged apparent
gas pay. High Island Block A-391 is located in approximately 214 feet of
water. It has one well that was drilled to 10,995' TVD in 1977, and is the
planned drill site for ATP's High Island Block A-392 development.
Stated Senior Vice President Gerald W. Schlief, "With the awarding of
these two properties, ATP continues to build its inventory of development
opportunities and to fulfill the Company's primary objective, which is to
acquire, develop and aggressively establish production from oil and gas
properties with apparent oil and gas reserves."
