ATP Oil & Gas Corporation Announces Record Revenue and First Quarter 2005 Results.
PR Newswire Europe, May, 2005
HOUSTON, May 6 /PRNewswire/ -- ATP Oil & Gas Corporation (Nasdaq: ATPG) today announced first quarter 2005 results which include:
- oil and gas revenues of US$37.0 million, an increase of 54%
over the comparable period in 2004 and the largest single
quarterly revenue in the Company's history;
- production of 5.8 Bcfe, an increase of 24% over the comparable
period in 2004;
- net income of US$1.0 million compared with a US$2.4 million net
loss in the first quarter 2004;
- a US$21.0 million improvement in cash flows from operating
activities from the first quarter 2004, and
- continued development operations in the Gulf of Mexico and the
North Sea, including initial production from the West...
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