New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 18, 2014
08:22 EDTTATTransAtlantic Petroleum announces JV in Turkey
TransAtlantic Petroleum announced that it has entered into a farmout agreement with Onshore Petroleum, a private oil and gas company based in Oslo, Norway. The agreement between Onshore and TransAtlantic's wholly owned subsidiary, TransAtlantic Turkey, provides that Onshore will fund 100% of TransAtlantic Turkey's initial exploration well, up to $3.5M, on its Idil License in southeastern Turkey. Expenses over $3.5M will be split equally between Onshore and TransAtlantic Turkey. Under the agreement, TransAtlantic Turkey and Selsinsan Petrol Maden T.O. San ve Tic. Ltd. Sti. will assign Onshore a 50% interest in the Idil License, which covers approximately 123,000 acres. TransAtlantic Turkey and Selsinsan Petrol Maden T.O. San ve Tic. Ltd. Sti. currently hold a 100% interest in the license.
News For TAT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 21, 2014
16:07 EDTTATTransAtlantic Petroleum announces record high production level
Subscribe for More Information
November 12, 2014
16:33 EDTTATTransAtlantic announces Stream Oil & Gas shareholder approval of merger
TransAtlantic Petroleum announced that shareholders of Stream Oil & Gas approved the merger with TransAtlantic at a special meeting of shareholders. The merger was approved by 98.0% of the votes cast by Stream shareholders. The transaction was previously approved by the boards of both companies. TransAtlantic will acquire 100% of Stream's 66.89M outstanding common shares for total consideration of 3.8M TransAtlantic common shares, or 0.05657 of a TransAtlantic common share per share of Stream. The Arrangement Agreement provides that 85% of the value of each Stream common share, or 0.04812 of a common share of TransAtlantic, will be issued at closing and an additional 15% of the value of each Stream common share, or 0.00845 of a common share of TransAtlantic, will be issued in the event that certain amendments to Stream's Albanian license agreements are received within nine months of the closing date. The transaction is expected to close on November 18. The merger is subject to the receipt of court approvals and other customary closing conditions.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use