TransAtlantic Petroleum (TAT), an energy company active in Eastern Europe and Turkey, +12.2%...

|About: TransAtlantic Petroleum Ltd. (TAT)|By:, SA News Editor

TransAtlantic Petroleum (TAT), an energy company active in Eastern Europe and Turkey, +12.2% premarket after announcing it has secured a non-binding letter of intent to sell its oilfield services business to Dalea Partners and Middle East PE firm Abraaj Capital for $164M. TAT plans to use proceeds to pay down debt.