ATP Oil & Gas Corporation to Present Recent Company Records And Future Growth Targets at IPAA Oil and Gas Investment Symposium

Apr 16, 2001, 01:00 ET from ATP Oil & Gas Corporation

    HOUSTON, April 16 /PRNewswire/ -- Mr. T. Paul Bulmahn, President and
 Chairman, Mr. Gerald W. Schlief, Senior Vice President, and Mr. Albert L.
 Reese, Jr., Senior Vice President and Chief Financial Officer, all of ATP Oil
 & Gas Corporation (Nasdaq: ATPG) will make a presentation to the investment
 community on Thursday, April 19, at the Independent Petroleum Association of
 America's Oil and Gas Investment Symposium.  The presentation entitled "IPAA
 Oil and Gas Investment Symposium, April 19, 2001," can be reviewed on the
 company's Web site, www.atpog.com.
     These executives will provide details on ATP's record-setting
 2000 results.  In 2000, when compared to 1999:  reserves were up 20%;
 production increased 41%; revenues nearly doubled at $84.0 million; and
 Adjusted EBITDA of $54.6 million was more than two times 1999's comparable
 figure.
 
     About ATP Oil & Gas Corporation
     Houston-based ATP Oil and Gas is one of the fastest growing energy
 companies focused on acquisition, development and production of natural gas in
 the Gulf of Mexico and the Southern Gas Basin of the U.K. North Sea.  The
 company was listed by Inc. 500 as the 5th fastest growing private company in
 2000, up from its ranking of 21st in 1999, and the fastest growing private
 energy company for both years.  The company now trades publicly as ATPG on the
 NASDAQ National Market.
 
     Forward-looking Statements
     Certain statements included in this news release including the expected
 impact of this acquisition on earnings are "forward-looking statements" under
 the Private Securities Litigation Reform Act of 1995.  ATP cautions that
 assumptions, expectations, projections, intentions or beliefs about future
 events may and often do vary from actual results and the differences can be
 material.  Some of the key factors which could cause actual results to vary
 from those ATP expects include changes in natural gas and oil prices, the
 timing of planned capital expenditures and availability of acquisitions,
 uncertainties in estimating proved reserves and forecasting production
 results, operational factors affecting the commencement or maintenance of
 producing wells, the condition of the capital markets generally, and
 uncertainties regarding environmental regulations or litigation and other
 legal or regulatory developments affecting our business.  More information
 about the risks and uncertainties relating to ATP's forward-looking statements
 are found in our SEC filings.
 
     For further information please contact T. Paul Bulmahn, Chairman and
 President, or Albert L. Reese Jr., SVP and Chief Financial Officer, both of
 ATP Oil & Gas Corporation, 713-622-3311.
 
 

SOURCE ATP Oil & Gas Corporation
    HOUSTON, April 16 /PRNewswire/ -- Mr. T. Paul Bulmahn, President and
 Chairman, Mr. Gerald W. Schlief, Senior Vice President, and Mr. Albert L.
 Reese, Jr., Senior Vice President and Chief Financial Officer, all of ATP Oil
 & Gas Corporation (Nasdaq: ATPG) will make a presentation to the investment
 community on Thursday, April 19, at the Independent Petroleum Association of
 America's Oil and Gas Investment Symposium.  The presentation entitled "IPAA
 Oil and Gas Investment Symposium, April 19, 2001," can be reviewed on the
 company's Web site, www.atpog.com.
     These executives will provide details on ATP's record-setting
 2000 results.  In 2000, when compared to 1999:  reserves were up 20%;
 production increased 41%; revenues nearly doubled at $84.0 million; and
 Adjusted EBITDA of $54.6 million was more than two times 1999's comparable
 figure.
 
     About ATP Oil & Gas Corporation
     Houston-based ATP Oil and Gas is one of the fastest growing energy
 companies focused on acquisition, development and production of natural gas in
 the Gulf of Mexico and the Southern Gas Basin of the U.K. North Sea.  The
 company was listed by Inc. 500 as the 5th fastest growing private company in
 2000, up from its ranking of 21st in 1999, and the fastest growing private
 energy company for both years.  The company now trades publicly as ATPG on the
 NASDAQ National Market.
 
     Forward-looking Statements
     Certain statements included in this news release including the expected
 impact of this acquisition on earnings are "forward-looking statements" under
 the Private Securities Litigation Reform Act of 1995.  ATP cautions that
 assumptions, expectations, projections, intentions or beliefs about future
 events may and often do vary from actual results and the differences can be
 material.  Some of the key factors which could cause actual results to vary
 from those ATP expects include changes in natural gas and oil prices, the
 timing of planned capital expenditures and availability of acquisitions,
 uncertainties in estimating proved reserves and forecasting production
 results, operational factors affecting the commencement or maintenance of
 producing wells, the condition of the capital markets generally, and
 uncertainties regarding environmental regulations or litigation and other
 legal or regulatory developments affecting our business.  More information
 about the risks and uncertainties relating to ATP's forward-looking statements
 are found in our SEC filings.
 
     For further information please contact T. Paul Bulmahn, Chairman and
 President, or Albert L. Reese Jr., SVP and Chief Financial Officer, both of
 ATP Oil & Gas Corporation, 713-622-3311.
 
 SOURCE  ATP Oil & Gas Corporation