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TransAtlantic Petroleum Ltd. (TAT)

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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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  • Dec. 23, 2013, 12:54 PM
    • TransAtlantic Petroleum (TAT -26.3%) sinks as investors seem disappointed with its declared $88.5M capex budget for 2014 and outlook for its 2014 production exit rate.
    • Shares are giving back gains from an unusual spike near Friday's close.
    • TAT expects to exit 2014 with a production rate of 6K-6.5K boe/day (at least 70% oil).
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  • Dec. 23, 2013, 12:46 PM
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  • May. 16, 2013, 11:48 AM
    TransAtlantic Petroleum (TAT +5.3%) expects Q1 revenues of $33M-$37M and net earnings between a $2M loss and $6M gain. Says it had ~$19M in cash and ~$40M in long-term debt at the end of Q1.
    | 1 Comment
  • Jan. 2, 2013, 11:13 AM
    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.
    | 1 Comment
  • Aug. 14, 2012, 2:26 PM
    TransAtlantic Petroleum (TAT +6.9%) says the conditions that led to substantial doubt about the company's ability to continue as a going concern at year-end 2011 no longer exist as of the end of Q2. TAT also reports Q2 EPS of $0.02 on revenues of $32.6M (-7.2% Y/Y).
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  • Jun. 7, 2012, 2:29 PM
    TransAtlantic Petroleum (TAT +6.7%) says Turkey's government has approved the divestiture of its oilfield services business to Dalea Partners and Abraaj Investment Management. TAT plans to use the cash proceeds of the sale to reduce debt.
    | 3 Comments
  • Feb. 28, 2012, 8:37 AM
    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.
    | 1 Comment
  • Jul. 14, 2011, 11:50 AM
    TransAtlantic Petroleum (TAT -6.9%) trades lower after the EIA report showed natural gas inventories rose more-than-expected last week. Natural gas inventories for the week ending July 8 came in at 84bcf, higher than analysts estimates of 78bcf.
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Company Description
TransAtlantic Petroleum Ltd is an oil and natural gas company. It is engaged in acquisition, exploration, development and production.