ATP Oil & Gas Wins Deep-Water Drilling Permit; Shares Surge

Bloomberg reports that ATP Oil & Gas Corp. received a U.S. permit to drill in the deep waters of the Gulf of Mexico.

The market news is quoted as saying:

ATP, based in Houston, will be able to restart work on a well in 4,000 feet of water about 90 miles (145 kilometers) south of Venice, Louisiana, the Bureau of Ocean Energy Management, Regulation and Enforcement said today in a statement.

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