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ATP Oil & Gas Corp.

November 11, 2011

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ATP slumped on news it may not be able to make a May interest payment on $1.5 billion in notes after its crude and natural gas output plunged, an analyst said. ATP pumped the average equivalent of 24,200 barrels of crude in the third quarter, down from 31,000 in late August, the company said. The decline may signal a cash crunch that will also hurt ATP’s ability to finance major offshore oil developments.

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