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TransAtlantic Cancels Polish Farm-In Deal With San Leon

|Includes:SLGYF, TransAtlantic Petroleum Ltd. (TAT)

TransAtlantic has announced that it will not proceed with the acquisition of acreage in the Poland/SW Carboniferous Basin in Poland. The company had previously announced a farm-in agreement with San Leon Energy for the assets in Poland.

The decision was taken after conducting geological and engineering due diligence on the original properties under consideration.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: TAT, SLGYF