Al Reese, Jr.Chief Financial OfficerPritchard Capital Partners9
th
Annual Energize Investor ConferenceJanuary 4, 2012
1
Certain statements included in this presentation 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 of1933, 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-lookingstatements about future events may, and often do, vary from actual results and the differences can be material fromthose expressed or implied in such forward looking statements. Some of the key factors which could cause actualresults to vary from those ATP expects include, without limitation, volatility in commodity prices for crude oil andnatural gas prices, the timing of planned capital expenditures, availability of acquisitions, uncertainties inestimating reserves and forecasting production results, operational factors affecting the commencement ormaintenance 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 developmentsaffecting its business. ATP assumes no obligation and expressly disclaims any duty to update the informationcontained herein except as required by law. ATP generally discloses, in filings made with the SEC, only provedreserves that can demonstrate by actual production or conclusive formation tests to be economically and legallyproducible under existing economic and operating conditions. ATP and its independent third party reservoirengineers use the term "probable" to describe volumes of reserves potentially recoverable through additional drillingor recovery techniques that the SEC's guidelines prohibit a company from including in proved reserves. Theseestimates are by their nature more speculative than estimates of proved reserves. Any estimates of probablereserves in this presentation are based on the December 31, 2010 reports of our independent third party engineers.PV-10 is a non-GAAP financial measure because it excludes income tax effects. Management believes that thepresentation of PV-10 provides useful information to investors because it is widely used by professional analysts andsophisticated investors to evaluate oil and gas companies. PV-10 is not a measure of financial or operatingperformance under GAAP. The most directly comparable GAAP financial measure is the standardized measure ofdiscounted future net cash flows. PV-10 should not be considered a substitute for the standardized measure ofdiscounted future net cash flows as defined under GAAP, which is calculated at year end under accounting rules byapplying pricing assumptions of the SEC to its proved reserves. More information about the risks and uncertaintiesrelating to ATP's forward-looking statements is found in the
company’s
Corporate Headquarters
4600 Post Oak Place, Suite 100Houston, TX77027- 9726Telephone: (713) 622 3311IR Fax: (713) 622 6829
Forward Looking Statements
Investor Relations
Al Reese, Jr.Chief Financial OfficerTom Kucera, CFADirector of Financial AnalysisHenry Coulter, CPAFinancial AnalystIsabel PlumeChief Communications OfficerSheila ThorntonCommunications & CorporateAffairs Specialistatpinvest@atpog.com
www.atpog.comNASDAQ: ATPG
2
Core Areas of Operation
(1) PV-10 based on reserves as of 12/31/2010 and strip pricing as of 11/30/2011. Refer to Appendix for additional information.
MMBoe % of ReservesGOM Deepwater: 137.8 65%GOM Shelf 8.8 4%North Sea 64.7 31%Mediterranean Sea - -Total Proved & Probable 211.3 100%PV10 $6.6 billion
(1)
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ATP - Pritchard Capital Energize 2012 Presentation (Final v3)
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