Crude Oil

2009 HIGHLIGHTS -- Voyage revenues of $444.9 million versus $623.0 million in 2008 -- Income of $47.8 million (before vessel impairment charges of $19.1 million) versus $202.9 million (no impairment charge) in 2008 -- EPS of $0.77 (diluted) ($1.28 per share excluding impairment charge) compared with $5.33 (diluted) in 2008 -- Average operating expenses per vessel per day decreased by 8.2% to $8,677 from $9,450 in 2008 -- Accelerated special survey of five tankers initially scheduled for 2010 -- Average TCE rate per vessel per day of $22,329 compared with $34,600 in 2008 -- Sale of suezmax tanker with a gain of $5.1 million vs. $34.6 million gain on sale in ...

HAMILTON, BERMUDA -- (MARKET WIRE) -- 03/17/10 -- TransAtlantic Petroleum Ltd. (TSX: TNP) (NYSE Amex: TAT) is pleased to provide an operations update and conference call to report and discuss recent developments. Operations Update Selmo Oil Field Production in the Selmo oil field recently topped 2,000 barrels of oil per day ("bopd") with production expected to exceed 2,200 bopd in the next several weeks. The Company commenced its in-fill drilling program at Selmo in the third quarter of 2009 and will spud its seventh in-fill well (S-61) in the next few days. The Company's sixth in-fill well (S-52) is currently being completed. Thrace Basin On the Edirne license, the Company has drilled the Yolboyu-1, a 6,500-foot exploratory well targeting deeper gas potential to the south of the existing 3D seismic survey. Based upon initial evaluation of the first logs, the well appears to have encountered pay. Paleozoic Trend in Southeast Turkey On the Arpatepe license ...

NEW YORK, NY -- (MARKET WIRE) -- 03/15/10 -- 20 listed Company CEOs, CFOs and COOs, as well as several analysts, bankers, financiers and other leading market participants, will participate in panels or presentations at the 4th Annual Capital Link Invest in International Shipping Forum. The Forum will be held in New York City on Thursday, March 25, 2010 from 7:30 am until 5:45 pm EDT. The objective of the Forum is to provide investors with a comprehensive review and outlook of the various shipping markets and an update on issues of critical significance for the shipping industry today. The Forum aims to enhance the information flow between investors and shipping companies and to increase the awareness about shipping as an industry to a wide audience of investors. The Forum covers dry bulk, tankers (products & crude oil), containers, commodities, the ability of shipping companies to meet their financing needs through bank loans or access to the capital markets, consolidation, fleet expansion opportunities and ...

ATHENS, Greece, March 15, 2010 (GLOBE NEWSWIRE) -- Tsakos Energy Navigation Limited (TEN) (NYSE: TNP) announced today that its Board of Directors has declared the Company's semi-annual dividend of $0.30 per share payable April 29th 2010 with a record date of April 23rd 2010 and an ex-dividend date of April 21st 2010. "We are pleased to announce the second semi-annual dividend for fiscal 2009 of $0.30, raising the total distribution for the year to $0.60 per share. The sustainability of our dividend distributions is a testament to TEN's fleet, operational and commercial strategies, the strong balance sheet and overall capital structure, which enables the Company to remain profitable and to generate positive cash flows even in difficult economic climates" commented Mr. D. John Stavropoulos, Chairman of the Board. "In these most testing times for the world's economy, TEN is proud to be navigating a steady ship and maintaining its ability to ...

HAMILTON, BERMUDA -- (MARKET WIRE) -- 03/09/10 -- TransAtlantic Petroleum Ltd. (TSX: TNP) (NYSE Amex: TAT) announced today that it has scheduled a conference call for Wednesday, March 17, 2010, at 8:30 a.m. Eastern, 7:30 a.m. Central. The purpose of the conference call is to discuss results for the Company's fiscal year ended December 31, 2009. The call will be open to the public. Instructions to access the call are located at the end of this announcement. The Company announced today that in February it completed construction of the Edirne gas gathering system in northwestern Turkey. Before gas sales commence from the Edirne field, BOTAS, the state-owned pipeline and trading company in Turkey, must conduct a hot tap on its 14-inch main line to create the delivery point for the Company's gas. The Company is retrofitting a component to accommodate the hot tap and expects to ...