ATP Announces Management Change
June 07 2012 - 6:17PM
Business Wire
On June 1, 2012, ATP Oil & Gas Corporation (NASDAQ:ATPG)
announced that Mr. Matt McCarroll replaced Mr. T. Paul Bulmahn as
Chief Executive Officer of the company. Mr. Bulmahn continues to
serve as Chairman and also in the newly created position of
Executive Chairman of ATP. However, as of today, June 7, 2012, the
company announced that it was unable to reach a mutually agreeable
employment agreement with Mr. McCarroll and effective today he has
submitted his resignation. In conjunction with his resignation, the
previously announced purchase of shares from the company by Mr.
McCarroll mentioned in the June 1, 2012 press release was
rescinded.
About ATP Oil & Gas
Corporation
ATP Oil & Gas is an international offshore oil and gas
development and production company with operations in the Gulf of
Mexico, Mediterranean Sea and the North Sea. The company trades
publicly as ATPG on the NASDAQ Global Select Market. For more
information about ATP Oil & Gas Corporation, visit
www.atpog.com.
Forward-looking Statements
Certain statements included in this news release contain
"forward-looking statements" within the meaning of the “safe
harbor” provisions of the Private Securities Litigation Reform Act
of 1995, Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934. ATP cautions
that assumptions, expectations, projections, intentions, plans,
beliefs or similar expressions used to identify forward-looking
statements about future events may, and often do, vary from actual
results and the differences can be material from those expressed or
implied in such forward looking statements. Some of the key factors
which could cause actual results to vary from those ATP expects
include, without limitation, volatility in commodity prices for
crude oil and natural gas, the timing of planned capital
expenditures, availability of acquisitions, uncertainties in
estimating reserves and forecasting production results, operational
factors affecting the commencement or maintenance of producing
wells, the condition of the capital markets generally, as well as
ability to access them, and uncertainties regarding environmental
regulations or litigation and other legal or regulatory
developments affecting its business. ATP assumes no obligation and
expressly disclaims any duty to update the information contained
herein except as required by law. More information about the risks
and uncertainties relating to ATP's forward-looking statements is
found in the company's SEC filings or website, www.atpog.com.
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