- TransAtlantic Petroleum (NYSEMKT:TAT) asks to delay its 10-K filing, citing the decline in oil prices during 2015, the classification of its Albanian segment as discontinued operations and the company's ongoing processes to sell assets and restructure its debt.
- TAT says it expects to report a FY 2015 net loss from continuing operations of $20M-$30M and a net loss from discontinued operations of $70M-$80M, primarily due to the impairment of its Albanian segment.
- TAT says it generated ~$85M in revenue in 2015 vs. $138.8M in 2014.