TransAtlantic Petroleum Announces Production Update, Selmo Field Extension and 2014 Annual Meeting Webcast Access  May 29th, 2014

TransAtlantic Petroleum Ltd. (TSX:TNP) (NYSE-MKT:TAT) today provided an update on its current net sales, announced an extension on its Selmo field production lease and provided details to access its 2014 annual meeting webcast, which will be broadcast live at 10 a.m. Central today.

Current Net Sales and Selmo Field Extension

TransAtlantic's current net sales are approximately 5,300 BOEPD, comprised of approximately 3,850 BOPD and approximately 8.8 MMCFPD. Oil sales increased 38% from the Company's April 2014 average as a result of production increases in the Selmo and Arpatepe fields. The Company is currently developing the southeastern portion of the Şelmo field, which is less developed than the northwestern portion of the field. The Arpatepe-7 well (50% working interest) had initial production of 330 BOPD gross (165 BOPD net).

TransAtlantic was also granted a new ten-year extension to its Şelmo field production lease from the General Directorate of Petroleum Affairs of the Republic of Turkey.

Chairman and Chief Executive Officer N. Malone Mitchell 3rd commented, "Once again, Turkey has shown itself to be a valuable partner and a supporter of domestic oil and natural gas production. We are very pleased to extend our Şelmo lease for another ten years and look forward to making additional investments in Turkey."

2014 Annual Meeting Webcast

TransAtlantic will host its 2014 annual meeting of shareholders today at 10 a.m. Central at its U.S. headquarters, which is located at 16803 Dallas Parkway, Addison, Texas, 75001. The Company will host a live webcast of the event on its website.

About TransAtlantic Petroleum Ltd.

TransAtlantic Petroleum Ltd. is an international oil and natural gas company engaged in the acquisition, exploration, development and production of oil and natural gas. The Company holds interests in developed and undeveloped properties in Turkey and Bulgaria.

For more information, please visit: TransAtlantic Petroleum Ltd.

To access over 3,500 of the latest oil projects from across the world visit Projects OGP for free trial today


Subscribe to our newsletter to receive notifications for events and other special news.

By subscribing to our newsletter, you agree to the terms and conditions as well as the privacy policies that apply.

Latest News

Blink Exploration Well Commences Drilling in the Norwegian Sea

  September 23rd, 2015

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and t...

Oil and Natural Gas Boost 2015 Trade Balance

  August 5th, 2015

Today’s mid-year trade report from the U.S. Commerce Department shows that the oil and natural gas industry continues to drive U.S. economic g...

Fire Hits at LyondellBasell's Berre Petrochemical Complex

  July 15th, 2015

An investigation is under way into the cause of a fire and subsequent explosions that occurred on July 14 at LyondellBasell’s Berre petrochemi...