ATP Oil & Gas Rallying on New Gas Discovery
ATP Oil & Gas Corporation (NASDAQ: ATPG) is trading higher on the session following the announcement of success at Shimshon Well in the Mediterranean Sea. The company said he well encountered more than 62 feet of natural gas pay in the Bet Guvrin sands.
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 said it expects to provide additional information about the discovery during the Q3.
The shares of ATP Oil & Gas are currently trading at $4.00, a gain of $0.64 or 19.04%.
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