ATP Continues Production Ramp-Up at GOM Facilities

ATP Oil & Gas Corporation reported on September 16th minimal impact from Hurricane Ike on its production and drilling operations in the Gulf of Mexico; further inspection has confirmed very little physical damage to production facilities from both Hurricanes Ike and Gustav. The ATP Innovator at Gomez remained on station throughout both Ike and Gustav, and the West Sirius has returned to Morgus and Mirage (Mississippi Canyon 941/942) and has resumed drilling.

ATP facilities are available for production at nearly all of its offshore locations. The Company has begun production at Canyon Express as previously reported, and has established partial production at Mississippi Canyon 711 (Gomez) and other locations.

ATP has been informed that certain third-party pipelines and on-shore receiving stations servicing several ATP locations have been impacted. ATP will resume production at these impacted locations as soon as third-party pipeline and processing facilities are operational. As a result of these temporary shut-ins, approximately 5-7.5 Bcfe of ATP's production will be deferred from the third quarter.

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