Only one well is online. It should have been online before 4 March'13. Anyway, it is still good news! More income stream and March / Q1 2013 revenue should be increased. Auction of the shelf assets in deep water should be proceeded. Good luck to all longs!
Those two Clipper wells should be producing some 20,000 boe per day. I don't know how much they get for the oil but if it is $80/bbl then they will start receiving some $1.6mm per day and $580 million in the first year. Of course the well will deplete over time but the rate for a deep water well like this shouldn't be more than 7-8%. ATP's debt is some $3.5 billion. This well could be productive enough to bring them out of debt completely.