ATP Oil & Gas Corporation (NASDAQ: ATPG) is engaged in the acquisition, development and production of oil and natural gas in the Gulf of Mexico, North Sea and more recently the Mediterranean Sea. The primary near-term catalysts for the company are increasing oil production in the deepwater Gulf of Mexico, as well as its exploration projects in the Mediterranean Sea offshore Israel.

ATP recently announced the company’s fourth well at Telemark, utilizing the ATP Titan drilling and production platform, recorded IP rates in excess of 7,000 BOE...


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