ATP Oil & Gas Proposes Private Placement of Preferred Stock

ATP Oil & Gas Corporation (Nasdaq: ATPG) plans to raise more than $100 million through a private placement of non-convertible, perpetual preferred stock. The Company intends to use the net proceeds from this offering to accelerate its development activities and for general corporate purposes.

The non-convertible, perpetual preferred stock will not be registered under the Securities Act of 1933, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The non-convertible, perpetual preferred stock will be offered in a private placement in the United States pursuant to applicable exemptions under the Securities Act of 1933. This press release shall not constitute an offer to sell or the solicitation of an offer to buy.

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