Atlas America Releases Final Results Of Dutch Tender Offer

Atlas America, Inc. (NASDAQ: ATLS) announced today the results of the “Dutch Auction” tender offer for its outstanding stock. Based on the final count by the depositary for the tender offer, the Company accepted for purchase all of the 1,486,605 shares of its common stock properly tendered, or approximately 76% of the shares the Company originally offered to purchase in the auction, at a purchase price of $54.00 per share, which represents the high end of the offering range, for a total purchase price of approximately $80.3 million.

The Company commenced the tender offer on February 8, 2007, when it offered to purchase up to 1,950,000 shares of its common stock at a price between $52.00 and $54.00 per share net to the seller in cash, without interest. The tender offer for the Company’s shares expired at 5:00 p.m. New York City time on Friday, March 9, 2007.

The Company expects to have approximately 17.9 million shares issued and outstanding, excluding treasury shares, immediately following its purchase of the tendered shares.