According to ATP, it acquired a 100% working interest in both blocks for a total cost of $463,980 and will serve as operator of each block.
With the acquisition of Atwater Valley Block 19 and Block 62, ATP expands its interest in the Telemark Hub consisting of already discovered reserves at Mirage (Mississippi Canyon Block 941), Morgus (Mississippi Canyon Block 942) and Telemark (Atwater Valley Block 63), each 100% owned and operated by ATP.
ATP is currently developing the Telemark Hub with first production expected in the first half of 2009 with additional production expected to be added in 2010.
