16 Aug 2011quarterly activities report▼ Bad
ATP OIL & GAS CORP reported a quarterly net loss of $5.6 million for the period ended 2011-09-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
9 Aug 2011quarterly activities report▼ Bad
ATP OIL & GAS CORP reported a quarterly net loss of $5.6 million for the period ended 2011-09-30.
9 Aug 2011quarterly activities report▼ Bad
ATP OIL & GAS CORP reported a quarterly net loss of $5.6 million for the period ended 2011-09-30.
1 July 2011securities registration● Neutral
ATP OIL & GAS CORP filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
17 June 2011securities registration● Neutral
ATP OIL & GAS CORP filed a prospectus supplement for an offering off its existing shelf.
15 June 2011securities registration● Neutral
ATP OIL & GAS CORP filed a prospectus supplement for an offering off its existing shelf.
15 June 2011securities registration● Neutral
ATP OIL & GAS CORP filed a free-writing prospectus - marketing material for an offering in progress.
2 June 2011agm notice● Neutral
ATP OIL & GAS CORP shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
10 May 2011quarterly activities report▼ Bad
ATP OIL & GAS CORP reported a quarterly net loss of $119.5 million for the period ended 2011-03-31.
10 May 2011quarterly activities report▼ Bad
ATP OIL & GAS CORP reported a quarterly net loss of $119.5 million for the period ended 2011-03-31.
30 Mar 2011substantial holder notice● Neutral
ALETHEIA RESEARCH AND MANAGEMENT, INC., IRS number reported a ATP OIL & GAS CORP shareholding of 5,440,980 shares (10.60% of votes) in a periodic institutional filing.
15 Mar 2011quarterly activities report▼ Bad
ATP OIL & GAS CORP reported a quarterly net loss of $119.5 million for the period ended 2011-03-31.
25 Feb 2011security holder rights change▲ GoodMajor
On February 19, 2011 ATP amended its June 2010 Credit Suisse first lien term loan to allow incremental term loans, capped at the lesser of 10% of adjusted net tangible assets or $210M, less existing loans. Once the new loans fund (conditions must be met by April 15, 2011), the interest rate falls from 11.0% to 9.0% and maturity moves from October 2014 to January 2015, with fees of 1% to lenders and 2% to a Credit Suisse affiliate. The press release says the facility grows from $150M to $210M and funds can be drawn after the 10-K is filed (expected around March 16, 2011).
15 Feb 2011substantial holder notice● Neutral
T. Paul Bulmahn reported a ATP OIL & GAS CORP shareholding of 6,007,272 shares (11.73% of votes) in a periodic institutional filing.
14 Feb 2011substantial holder notice● Neutral
ALETHEIA RESEARCH AND MANAGEMENT, INC., IRS number reported a ATP OIL & GAS CORP shareholding of 4,797,248 shares (9.40% of votes) in a periodic institutional filing.
14 Feb 2011substantial holder notice● Neutral
T. Paul Bulmahn reported a ATP OIL & GAS CORP shareholding of 6,077,272 shares (11.73% of votes) in a periodic institutional filing.
8 Feb 2011substantial holder notice● Neutral
Centennial Energy Partners, L.L.C, Peter K. Seldin reported a ATP OIL & GAS CORP shareholding of 2,654,322 shares (5.18% of votes) in a periodic institutional filing.
2 Feb 2011substantial holder notice● Neutral
BlackRock, Inc reported a ATP OIL & GAS CORP shareholding of 2,983,678 shares (5.83% of votes) in a periodic institutional filing.
17 Dec 2010securities registration● Neutral
ATP OIL & GAS CORP filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
16 Dec 2010securities registration● Neutral
ATP OIL & GAS CORP filed the final prospectus for a registered offering.
14 Dec 2010business combination● Neutral
ATP filed Amendment No. 1 to its registration statement for the exchange offer, letting holders swap up to $1.5B of the private 11.875% second lien notes due 2015 for identical registered notes. ATP receives no cash and the debt does not change; this continues the exchange offer first filed in October 2010, and the filing still says it is preliminary and subject to completion, with the expiration date left blank.
9 Nov 2010quarterly activities report▼ Bad
ATP OIL & GAS CORP reported a quarterly net loss of $58.4 million for the period ended 2010-09-30.
8 Nov 2010quarterly activities report▼ Bad
ATP OIL & GAS CORP reported a quarterly net loss of $58.4 million for the period ended 2010-09-30.
12 Oct 2010business combination● Neutral
ATP filed the registration statement for the exchange offer promised when the 11.875% second lien notes were sold in April 2010: holders of up to $1.5B of the private notes can swap them for identical registered notes. The notes are the same apart from the removal of transfer restrictions and registration-rights provisions, and ATP receives no cash proceeds. This is a routine follow-through step with no new money or change in ATP's debt, and the filing is a preliminary one that is not yet effective.
30 Sept 2010debt financing● NeutralMajor
On September 24, 2010 ATP moved its ATP Titan floating platform (which began operating in March 2010 at the first Telemark Hub well) into a new wholly owned subsidiary, ATP Titan LLC, which borrowed under a term loan of up to $350M from CLG Energy Finance, an affiliate of Beal Bank Nevada. $150M was drawn at closing ($138.0M net of costs and discount); further draws of $100M, $50M and $50M are available as the second, third and fourth Telemark wells begin production. The loan costs LIBOR plus 8% (0.75% floor), matures September 2017, is secured only by the Titan assets and LLC's equity, and is not guaranteed by ATP. ATP says it will use the funds for developing its Gulf of Mexico and North Sea properties and for other corporate purposes, and it remains operator and 100% working interest holder at Telemark.
9 Aug 2010quarterly activities report▼ Bad
ATP OIL & GAS CORP reported a quarterly net loss of $58.4 million for the period ended 2010-09-30.
6 Aug 2010quarterly activities report▼ Bad
ATP OIL & GAS CORP reported a quarterly net loss of $58.4 million for the period ended 2010-09-30.
24 June 2010debt financing● NeutralMajor
On June 18, 2010 ATP signed a new Credit Suisse-led credit agreement for $150M of term loans at 11.0% interest, due October 15, 2014, with funding expected by June 30, 2010. Net proceeds are expected to be $144.3M after a $3.0M original issue discount and fees. The loans are secured by a first lien on at least 80% of its US proved reserves value and other assets. At the same time it ended the April 2010 JPMorgan revolving credit agreement, paying only $0.2M in commitment fees and expenses, so the $100M revolver put in place two months earlier is gone. The filing does not state the use of proceeds.
10 May 2010quarterly activities report▼ Bad
ATP OIL & GAS CORP reported a quarterly net loss of $82.9 million for the period ended 2010-06-30.
6 May 2010quarterly activities report▼ Bad
ATP OIL & GAS CORP reported a quarterly net loss of $82.9 million for the period ended 2010-06-30.