HOUSTON, May 21, 2008 (BUSINESS WIRE) -- ATP Oil & Gas Corporation (NASDAQ:ATPG) today announced that
effective immediately, Leland E. Tate, currently Chief Operating
Officer, is promoted to the position of President of the company.
Additionally, ATP announced that George R. Morris, currently Vice
President, Acquisitions, will assume the role of ATP Chief Operating
Officer. T. Paul Bulmahn continues with ATP as Chief Executive Officer
and Chairman of the Board.
T. Paul Bulmahn stated, "The promotions of Leland and George, two
outstanding individuals with proven talents executing operations and
developments in deepwater Gulf of Mexico and the North Sea, ensure
that ATP will continue to successfully accomplish pursuit of both
financial and project-oriented goals. ATP achievement of financial
goals stems from successful execution of offshore development plans.
At ATP Leland has provided inspired leadership and has guided ATP to
exceptional development success and George, with his substantial
offshore operations experience, is a perfect fit."
ATP President Leland Tate has served as Chief Operating Officer
since August 2000. Prior to joining ATP, he was President, ARCO North
Africa, capping a career of over 30 years with Atlantic Richfield
Company ("ARCO"). He had previously served ARCO in various capacities
including Director General of Joint Ventures and Vice President of
Operations & Engineering. Earlier he served as Director of Operations,
ARCO British Ltd.; Vice President of Engineering, ARCO International;
Senior Vice President Marketing and Operations, ARCO Indonesia; and
ARCO Vice President and District Manager in Lafayette, Louisiana.
Newly elected ATP Chief Operating Officer George Morris, a
registered State of Texas professional engineer, served as ATP's Vice
President, Acquisitions from 2002 until 2004 and after his return to
ATP in 2007. From 2004 until 2007 Mr. Morris was Chief Operating
Officer at Chroma Exploration & Production. Prior to joining ATP in
2002 he held executive and management positions in operations and
engineering at Burlington Resources, Louisiana Land and Exploration,
Nerco Oil & Gas and Union Texas Petroleum over a 30-year career.
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 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 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, 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, as
well as our ability to access them, 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.
SOURCE: ATP Oil & Gas Corporation
ATP Oil & Gas Corporation, Houston
Chairman and President
T. Paul Bulmahn, 713-622-3311
or
Chief Financial Officer
Albert L. Reese Jr., 713-622-3311
www.atpog.com
