TransAtlantic Petroleum (TAT +8.4%) announces a 2013 capital expenditure budget of $113M, and...

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

TransAtlantic Petroleum (TAT +8.4%) announces a 2013 capital expenditure budget of $113M, and expects 2013 production of 1.8M-2.1M boe/day, or an average production rate of 5K-7K boe/day; crude oil is expected to account for ~60% of production volumes. TAT also says it is evolving toward a hub-and-spoke corporate structure.