Abstract: An annulus pressure responsive downhole tool includes a housing with an operating element disposed in the housing. The operating element is movable from a first element position to a second element position relative to the housing. A hydrostatic well annulus pressure referenced annulus pressure responsive first power piston is disposed in the housing and movable from a first to a second position thereof relative to the housing in response to an increase in well annulus pressure. A lower than hydrostatic well annulus pressure referenced annulus pressure responsive second power piston is disposed in the housing and is operatively associated with the operating element for permitting the operating element to move from its first element position to its second element position in response to movement of the second power piston from a first position to a second position thereof relative to the housing.