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News Breaks | | | | November 14, 2012 | | 19:19 EDT |  | TAT | TransAtlantic Petroleum sees Q3 revenue $30M-$35M, consensus $30.11M
Sees Q3 net income $5M-$10M. | |
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News For TAT From The Last 14 Days Check below for free stories on TAT the last two weeks. |
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| May 23, 2013 | | 17:24 EDT |  | TAT | TransAtlantic Petroleum provides operational update
TransAtlantic's 7-day average net production rate as of May 12 was approximately 4,087 boe per day, including 2,630 bbls of oil per day and 8.8 MMcf of natural gas per day. In May 2013, the company acquired three adjacent blocks that encompass more than 150,000 acres in southeastern Turkey. The leases are located between the Goksu, Arpatepe and Bati Raman fields, and 80% of the acreage is within proven hydrocarbon systems. In addition to the potential for horizontal drilling, several existing wells may be enhanced by stimulation and completion technologies. TransAtlantic expects to spud its first horizontal well on the licenses by the end of 2013. TransAtlantic recently completed the Goksu-4H, the second horizontal well drilled on its Mardin program in southeastern Turkey. Sales from the Goksu-4H commenced on April 26, 2013 at 314 bbls of oil per day and averaged 263 bbls of oil per day over the first seven days of production. The Goksu-4H was drilled and completed for approximately $2.5M, an improvement of approximately $1.0 million from the first well in the horizontal Mardin program, the Goksu-3H. The Goksu-3H has produced more than 60,000 gross bbls of oil to-date and continues to produce at a rate of approximately 150 bbls of oil per day. The company recently reached target depth on its third Mardin horizontal well, the Oba-1H, at a vertical depth of approximately 6,300 feet and a total measured depth of 9,650 feet. Testing is likely to occur in June. TransAtlantic expects to continue its Mardin horizontal well program. | | | 17:22 EDT | | TAT | TransAtlantic Petroleum reports Q1 EPS 1c, consensus 1c
 Subscribe for More Information | | | May 16, 2013 | | 09:24 EDT | | TAT | TransAtlantic Petroleum trading halted, pending news
| | | 09:08 EDT | | TAT | TransAtlantic Petroleum reports preliminary Q1 revenue $33M-$37M
Consensus $34.3M. The company expects net income for the quarter ended March 31 to be between ($2M)-$6M compared to a net loss of $3.6M for the quarter ended March 31, 2012. At March 31, 2013, the company had approximately $19M in cash and cash equivalents and approximately $40M in long-term debt. The company expects total shareholders' equity at March 31 to be between approximately $205M-$220M, as compared to $213.8M as of December 31, 2012. | | | May 15, 2013 | | 18:29 EDT | | TAT | TransAtlantic Petroleum reports Q4 EPS (4c), consensus (3c)
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