Last C$8.76 CAD
Change Today 0.00 / 0.00%
Volume 0.0
As of 3:59 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

transatlantic petroleum ltd (TNP) Snapshot

Open
C$8.80
Previous Close
C$8.76
Day High
C$9.01
Day Low
C$8.75
52 Week High
07/3/14 - C$13.30
52 Week Low
10/14/14 - C$7.21
Market Cap
328.4M
Average Volume 10 Days
4.7K
EPS TTM
C$-3.51
Shares Outstanding
37.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TRANSATLANTIC PETROLEUM LTD (TNP)

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transatlantic petroleum ltd (TNP) Details

TransAtlantic Petroleum Ltd. is engaged in the acquisition, exploration, development, and production of oil and natural gas. It holds interests in approximately 1.9 million net acres of developed and undeveloped oil and natural gas properties in Turkey and Bulgaria. As of December 31, 2013, it had estimated proved reserves of approximately 12,221 net million barrels of oil equivalent. TransAtlantic Petroleum Ltd. was founded in 1985 and is based in Addison, Texas.

287 Employees
Last Reported Date: 03/13/14
Founded in 1985

transatlantic petroleum ltd (TNP) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: --
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $240.0K
Advisor
Total Annual Compensation: $264.0K
Compensation as of Fiscal Year 2013.

transatlantic petroleum ltd (TNP) Key Developments

TransAtlantic Petroleum Ltd. Announces Dadas Completion in Southeast Turkey

TransAtlantic Petroleum Ltd. announced its first successful completion in the Dada interval at a vertical depth of approximately 9,650 feet in the Molla area of southeast Turkey. TransAtlantic performed a single-stage vertical frac of the Dada interval in its Bahar-6 well (100% working interest) over the weekend. The Dada interval stimulated is approximately 640 feet above the Bedinan interval. The Dada interval is geologically equivalent to the Woodford (SCOOP) or Marcellus formations in North America. After stimulating the well with more than 1,800 barrels of fluid and 91,000 pounds of proppant, the isolated Dada interval had stable, 24-hour initial production of approximately 800 barrels of 35 degree API oil and 500 MCF at 350 PSI on a 24/64" choke. The company will flow the isolated Dada interval for several days before commingling production with the Bedinan intervals and installing production equipment.

TransAtlantic Petroleum Ltd. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months and Operating Results for the Third Quarter Ended September 30, 2014; Provides Capital Expenditure Guidance for the Fourth Quarter and Full Year of 2014

TransAtlantic Petroleum Ltd. announced unaudited consolidated earnings results for the third quarter and nine months and operating results for the third quarter ended September 30, 2014. For the quarter, the company recorded high oil sales of 3,707 BOPD, a 6% increase over the second quarter of 2014 and a 48% increase over the third quarter of 2013. Natural gas sales were 7.9 MMCFPD, an 11% decrease from the second quarter of 2014 and a 16% decrease from the third quarter of 2013. Average production was 5,033 BOEPD, a slight increase from the second quarter of 2014 and a 23% increase over the third quarter of 2013. For the quarter, the company reported total revenues of $36,077,000 compared to $32,345,000 a year ago. Operating income was $9,826,000 compared to $2,012,000 a year ago. Income from continuing operations before income taxes was $13,089,000 compared to loss from continuing operations before income taxes of $4,685,000 a year ago. Net income from continuing operations was $8,313,000 compared to net loss from continuing operations of $4,818,000 a year ago. Net income was $8,313,000 compared to net loss of $4,973,000 a year ago. Basic and diluted net income per common share from continuing operations was $0.22 compared to basic and diluted net loss per common share from continuing operations of $0.13 a year ago. Adjusted EBITDAX from continuing operations was $24,057,000 compared to $19,918,000 a year ago. Capital expenditures, including seismic and corporate expenditures, totaled $33.4 million compared to $39.0 million a year ago. The company generated discretionary cash flow of $23 million or $0.61 per share. For the nine months, the company reported total revenues of $110,784,000 compared to $96,905,000 a year ago. Operating income was $28,315,000 compared to $11,078,000 a year ago. Income from continuing operations before income taxes was $21,796,000 compared to $3,690,000 a year ago. Net income from continuing operations was $13,743,000 compared to $1,117,000 a year ago. Net income was $13,723,000 compared to $869,000 a year ago. Basic and diluted net income per common share from continuing operations was $0.37 compared to $0.03 a year ago. Net cash provided by operating activities from continuing operations was $70,181,000 compared to $69,796,000 a year ago. Adjusted EBITDAX from continuing operations was $73,417,000 compared to $57,461,000 a year ago. For the year of 2014, the company’s annual capital expenditures are estimated to be between $105.0 million and $115.0 million. The company also anticipates capital expenditures in Turkey for the fourth quarter of 2014 to be between $20.0 million and $30.0 million. For the fourth quarter 2014, the company expects CapEx to be lower than third quarter levels as the company compete its gas drilling campaign.

TransAtlantic Petroleum Ltd., Special/Extraordinary Shareholders Meeting, Nov 12, 2014

TransAtlantic Petroleum Ltd., Special/Extraordinary Shareholders Meeting, Nov 12, 2014. Agenda: To approve its merger with the company.

 

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TNP

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Valuation TNP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.0x
Price/Book 1.7x
Price/Cash Flow 4.4x
TEV/Sales 1.3x
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