ATI PETROLEUM LTD : UBS Values ATI Petroleum's Vietnamese Oil & Gas Holdings at $309 Million

Regulatory News:

ATI Petroleum (NYSE Euronext: MLATP), the petroleum exploration management and operations company, has released UBS's Indicative Valuation report of ATI Petroleum's (?ATIP?) 10% interest in oil and gas Blocks 102 and 106, located in offshore Vietnam. UBS values these assets at $309 million assuming a 12% capital expenditure discount rate. These blocks are at present non-producing assets.

According to the analysis, ATIP's production should peak around 2013 based on forecasted data. Testing places reserves in these blocks at a confirmed 217 million barrels of oil and 1.6 trillion cubic feet of natural gas.

?We were thrilled to learn that UBS found ATIP's assets substantially more valuable than we had anticipated. We expect this positive affirmation to create even greater shareholder value,? said Dr. Huu Duc Dinh, CEO and founder of ATI Petroleum's parent company, American Technologies, Inc.

Fig. 1: UBS's valuation at varying discount rates

								Management Price Deck
								Oil								Gas								Total
								($mm)				$/boe				($mm)				$/bcf				($mm)				$/boe
Discount Rate				10%				288.20				10.63				75.80				0.47				364.00				6.77
				11%				265.70				9.80				69.60				0.43				335.00				6.25
				12%				245.50				9.06				63.90				0.40				309.00				5.76
				13%				227.40				8.39				58.70				0.37				286.20				5.32
				14%				211.10				7.79				54.00				0.34				265.10				4.93

About ATI Petroleum
ATI Petroleum is an exploration management and operations company engaged in negotiating and managing production sharing contracts for petroleum and other natural resources. The company evaluates, performs, and/or purchases geological and geophysical data regarding exploration sites throughout South East Asia and Africa, including offshore and onshore prospects. ATI Petroleum holds production sharing contracts for oil and gas exploration, as well as mining of precious minerals such as uranium and titanium, in locations including Vietnam, Niger, Tunisia, and the Ivory Coast. The company is a member of ATI Group and is listed on the French Stock Exchange, Euronext Paris.

Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks related to the integration of acquisitions and the ability to market successfully acquired technologies and products; the ability of the Company to effectively compete; the inability to adequately protect Company intellectual property and the potential for infringement or breach of license claims of or relating to third party intellectual property; risks related to data and information security vulnerabilities; ineffective management of, and control over, the Company's growth and international operations; adverse results in litigation; and changes in and a dependence on key personnel, as well as other factors. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.

North America, Asia-Pacific:
Dan Brown or Jessica Gomez
Mulberry Marketing Communications ? San Francisco
+1 415/439-8357, +1 415/420-7880 (Brown mobile), or +1 415/889-7444 (Gomez mobile)
[e-mail] or [e-mail]
or
United Kingdom:
Bryce Keane
Mulberry Marketing Communications ? London
[phone]
[e-mail]
or
France:
Caroline Baylon
Mulberry Marketing Communications ? Paris
[phone]
[e-mail]