Current TAT Stock Info

TransAtlantic Petroleum Ltd. (ticker: TAT) recorded a net loss in 2017 of $23.9 million, or $(0.50) per share. For Q4 2017, the company had a net loss of $4 million, or $(0.09) per share.

The company’s wellhead production from continuing operations was 1.2 MMBOE in 2017, as compared to 1.8 MMBOE in 2016.

Drilling continues

TransAtlantic Petroleum Drilling Turkey

Illustrative Map of Turkey

Southeastern Turkey

Selmo: In January 2018, the company spud the Selmo-81H2 well, which is the first of a six-well Selmo development program. Drilling is ongoing, and the company expects to start completions operations in the first half of 2018.

Bahar: The company expects to drill one development well in the Bahar field in 2018. The company may drill an additional Bahar well, contingent on financing.

Molla: The company is currently preparing the location for the Yeniev-1 exploration well, targeting the Bedinan, Hazro and Mardin formations. The company expects to spud the Yeniev-1 in the second quarter of 2018.

Northwestern Turkey

  • Positive production test results at the Yamalik-1 exploration well, operated by Valeura and its partner, Statoil
  • TransAtlantic expects to resume production operations on its Yildurm-1 well on the Temrez license in 2018 and the company may commence a drilling program on its Temrez license in 2018


TransAtlantic had total 1P reserves of 15.5 MMBOE, comprised of 14.8 MMBbls of liquids and 4.2 Bcf of gas. 2P reserves were 28.5 MMBOE, made up of 27.5 MMBbls of liquids and 6.1 Bcf of gas.

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