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Stock Market & Financial Investment News

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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
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October 8, 2014
14:31 EDTTATTransAtlantic Petroleum says protests in Turkey have not impacted drilling
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