Seeking Alpha

TransAtlantic Petroleum (TAT) is a small, independent energy producer engaged in the acquisition, exploration, development and production of oil and natural gas. Presently, TransAtlantic Petroleum holds interests in developed and undeveloped properties in Turkey and Bulgaria, with the overwhelming majority of its activity centered in Turkey.

Thesis

TransAtlantic Petroleum is interesting because it's one of the companies seeking to extend to foreign lands the shale revolution brought about by horizontal drilling and fracking. Horizontal drilling and fracking were at the center of the greatly increased natural gas and crude production in the U.S., as pictured below (Source: EIA natural gas, EIA crude, emphasis in red is mine)

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