TransAtlantic Petroleum (TAT) Sees FY15 Capital Budget at $38M

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/10/2026

1. HUM
2. SPCX
3. ALHC
4. T
5. PEP
6. CVS
7. UNH
8. AXP
9. ZETA
10. DAL

Go back to TransAtlantic Petroleum (TAT) Sees FY15 Capital Budget at $38M

TransAtlantic Petroleum Announces Corporate Update, Preliminary 2015 Capital Expenditure Budget and Update on Operations

February 3, 2015 4:06 PM EST

HAMILTON, Bermuda, Feb. 3, 2015 (GLOBE NEWSWIRE) -- TransAtlantic Petroleum Ltd. (NYSE-MKT: TAT) (TSX: TNP) (the "Company" or "TransAtlantic") today announced a corporate update, a preliminary 2015 capital expenditure budget and an update on its operations.

Corporate Update

TransAtlantic presently holds $35 million of cash on hand and a portfolio of commodity derivative contracts with a present value of approximately $40 million at a Brent crude oil price of $50 per barrel. The Company has hedged approximately 1.5 million barrels of Brent crude oil at a weighted average... More