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Sep. 3, 2014, 10:39 AM
- TransAtlantic Petroleum (TAT -2%) agrees to acquire Stream Oil & Gas for $41.2M in TAT shares.
- Stream owns 100% interests in three oil fields, one gas field and one exploration license in Albania, which encompass ~75K net acres.
- TAT says the deal provides geologic and geographic diversification, with exploitation potential similar to its Selmo field in Turkey, with a large volume of known oil in place.
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