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 prolific area for natural gas exploration efforts,” said T. Paul Bulmahn, ATP Chairman and CEO in the news release. “Of the 26 ATP invention and system patents and pending applications, 16 deal with deepwater...


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