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press release was rescinded.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.
