ATP Completes Successful North Sea Well at Wenlock.HOUSTON & SURREY, England -- ATP ATP: see adenosine triphosphate. ATP in full adenosine triphosphate Organic compound, substrate in many enzyme-catalyzed reactions (see catalysis) in the cells of animals, plants, and microorganisms. Oil & Gas Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ATPG ATPG Automatic Test Pattern Generation ATPG Automatic Test Program Generator ) today announced the successful completion and testing of the Wenlock W1 well in Block 49/12a of the Southern Gas Basin of the U.K. North Sea. The well flowed at a rate of 58 MMcf/d, the limit of the test equipment, and was completed in the Rotliegend Leman lem·an n. Archaic 1. A sweetheart; a lover. 2. A mistress. [Middle English leofman, lemman : leof, dear (from Old English sandstone in two fault blocks. One fault block contained the targeted proved undeveloped reserves included in ATP's year-end 2006 reserve report. The second fault block contained additional reserves which had not been included in ATP's year-end report of proved reserves proved reserves The quantity of minerals expected to be recoverable under current economic and operating conditions. The amount of proved reserves is important in valuing the stock of a company with significant holdings in natural resources. . The company's wholly-owned subsidiary, ATP Oil & Gas (U.K.) Limited, is the operator and owns a 100% working interest. With first production scheduled for winter 2007, Wenlock is expected to add production of approximately 50-60 MMcf/d to current company production levels. Located in 75 feet of water, the Wenlock W1 well is the first phase of the company's development plan in this hub area. Significant upside to the development scenario exists at the Wenlock hub with two additional drilling opportunities currently being evaluated. T. Paul Bulmahn, Chairman and President of ATP stated, "Wenlock will significantly contribute to ATP's ramp in production in the North Sea. Not only does the second fault block provide increased production, it also contributes additional oil and gas reserves to the proved category. I commend our outstanding team effort for achieving this accomplishment." About ATP Oil & Gas Corporation ATP Oil & Gas is an international offshore oil and gas development and production company with operations in the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east and the North Sea. The company trades publicly as ATPG on the NASDAQ Global Select Market. For more information about ATP Oil & Gas Corporation, visit www.atpog.com. |
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