May 1, 2012

ATP Oil & Gas Corporation (NASDAQ: ATPG) initiated drilling the Shimshon well in the Levant Basin of offshore Israel. The Shimshon well (ATPG is the operator with a 40% WI) is in 3,622 feet of water with a target formation depth of 14,764 feet. “With the recent discoveries in the Levant Basin already exceeding 35 Tcf, the Basin is a