(From Yahoo message board)
Hey Guys/Gals,
Just got a called back from investor relations (Thanks J!) and he confirmed the permit has been received and they will be moving forward on the hookup very soon.
I asked him how long it takes to complete the work, and he said only a few weeks.
So we should have another 3,500 boe/d coming on shortly.
To celebrate I bought back some sold calls!
(second post)
Yes it's for the Gomez pipeline permit (As was linked to earlier by broke).
I didn't think of asking him whether they will be releasing a PR or not. Perhaps the person here with the flyonthewall contact can help get the news out.
Cheers!
http://messages.finance.yahoo.com/Stock ... f=34&frt=2
ATPG-permit granted
Re: ATPG-permit granted
Drilling Permits in U.S. Won't Be Delayed as Rules Reviewed, Bromwich Says
By Katarzyna Klimasinska - Jan 13, 2011 10:12 AM CT
The overhaul of U.S. oil-drilling regulations, while “far from complete,” won’t slow the review of applications from producers seeking to resume exploration in the Gulf of Mexico, the industry’s regulator said.
“We will implement reforms necessary to make offshore oil and gas production safer,” Michael R. Bromwich, director of the Bureau of Ocean Energy Management, Regulation and Enforcement, said today in a Washington speech. “The processing of drilling permit applications and proposed drilling plans will not be delayed while these additional reforms are developed.”
The agency has yet to issue a permit for the type of exploration banned by a moratorium on deep-water drilling imposed after the April 20 blowout of the BP Plc well off the Louisiana coast. At stake is development in a region that produces more oil than the U.K., Qatar or Indonesia, and pumped $353 billion in crude in 2009.
The Obama administration will add measures regarding blowout preventers, remotely operated vehicles and workplace safety, Bromwich said in his speech.
Bromwich sought to tamp down what he called “significant anxiety” among companies, trade groups and lawmakers concerned that the agency has other requirements “up our sleeve.”
“Barring significant, unanticipated revelations from investigations into the root causes of the Deepwater Horizon explosion that remain in process, I do not anticipate further emergency rulemakings,” Bromwich said in his remarks.
The regulator isn’t delaying permits until the second half, Bromwich said, answering a question about whether the agency will wait until the third or fourth quarter. He didn’t elaborate on the timing of issuing permits.
The agency is “thoroughly reviewing” the report of the National Commission on the BP Deepwater Horizon Oil Spill, which recommended further reorganization of drilling oversight in its findings published Jan. 11, he said.
To contact the reporters on this story: Katarzyna Klimasinska in Washington at kklimasinska@bloomberg.net;
To contact the editor responsible for this story: Larry Liebert at lliebert@bloomberg.net.
.
By Katarzyna Klimasinska - Jan 13, 2011 10:12 AM CT
The overhaul of U.S. oil-drilling regulations, while “far from complete,” won’t slow the review of applications from producers seeking to resume exploration in the Gulf of Mexico, the industry’s regulator said.
“We will implement reforms necessary to make offshore oil and gas production safer,” Michael R. Bromwich, director of the Bureau of Ocean Energy Management, Regulation and Enforcement, said today in a Washington speech. “The processing of drilling permit applications and proposed drilling plans will not be delayed while these additional reforms are developed.”
The agency has yet to issue a permit for the type of exploration banned by a moratorium on deep-water drilling imposed after the April 20 blowout of the BP Plc well off the Louisiana coast. At stake is development in a region that produces more oil than the U.K., Qatar or Indonesia, and pumped $353 billion in crude in 2009.
The Obama administration will add measures regarding blowout preventers, remotely operated vehicles and workplace safety, Bromwich said in his speech.
Bromwich sought to tamp down what he called “significant anxiety” among companies, trade groups and lawmakers concerned that the agency has other requirements “up our sleeve.”
“Barring significant, unanticipated revelations from investigations into the root causes of the Deepwater Horizon explosion that remain in process, I do not anticipate further emergency rulemakings,” Bromwich said in his remarks.
The regulator isn’t delaying permits until the second half, Bromwich said, answering a question about whether the agency will wait until the third or fourth quarter. He didn’t elaborate on the timing of issuing permits.
The agency is “thoroughly reviewing” the report of the National Commission on the BP Deepwater Horizon Oil Spill, which recommended further reorganization of drilling oversight in its findings published Jan. 11, he said.
To contact the reporters on this story: Katarzyna Klimasinska in Washington at kklimasinska@bloomberg.net;
To contact the editor responsible for this story: Larry Liebert at lliebert@bloomberg.net.
.
Re: ATPG-permit granted
What has the federal government ever done that has gone smoothly and at less than twice what it would take private industry to do? Can you imagine the confusion going on within these agencies!!!!!!!!!!!!!!
When I was at Hess, I dealt with teams of IRS agents. I had them in for six years going over our Windfall Profits Tax returns (1980 - 1986). It took another four years to get the last three years through the Tax Court.
Anyone that had to deal with the Feds, knows exactly why this country is in debt up to its gills.
When I was at Hess, I dealt with teams of IRS agents. I had them in for six years going over our Windfall Profits Tax returns (1980 - 1986). It took another four years to get the last three years through the Tax Court.
Anyone that had to deal with the Feds, knows exactly why this country is in debt up to its gills.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: ATPG-permit granted
Dan, some of us are still long ATPG, and I'm afraid your tirade against govt's eternal incompetence may be scaring off investors about ATPG's situation. No doubt you read the personal accts of the BP disaster and the inquiry's report. The nightmare was caused by BP's reckless corporate behavior with a history of fatal accidents. And at every stage individuals able to push panic buttons failed to do so out of fear of BP headquarters' reaction. The horror stemmed from corp arrogance and greed. That's why your assessments of corp mgts are helpful. Making "govt" the whipping boy is a distraction.