Santa Clara, CA— ATI Petroleum, the petroleum exploration management and operations company, has released UBS’s Indicative Valuation report of ATI Petroleum’s 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.