Garden Banks Block 228 is located in approximately 745 feet of water and has one well that was drilled to 16,897' TVD in 2003, and it logged apparent gas pay. High Island Block A-391 is located in approximately 214 feet of water. It has one well that was drilled to 10,995' TVD in 1977, and is the planned drill site for ATP's High Island Block A-392 development.
Stated Senior Vice President Gerald W. Schlief, "With the awarding of these two properties, ATP continues to build its inventory of development opportunities and to fulfill the Company's primary objective, which is to acquire, develop and aggressively establish production from oil and gas properties with apparent oil and gas reserves."
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