LONDON, Nov. 1, 2013 /PRNewswire/ --Edison Investment
Research, a leading international investment research firm,
announces the initiation of coverage of TransAtlantic Petroleum
(NYSE: TAT), an oil and gas company with operations in
Turkey and Bulgaria.
Edison's comprehensive report, Drilling activity picks up speed
in H213, was published on 22 October and examines the investment
case for TransAtlantic's US$130m,
38-well drilling programme, which applies North American oil and
gas technology to Turkish and Bulgarian oil and gas basins.
The analysis by Xavier Grunauer,
an analyst on Edison's Oil & Gas team, points to the company's
application of North American drilling and fracking technology in
Turkey, applying unconventional
methods to new shale plays, as well as to existing conventional
assets. Moving forward with a US$130m
drilling programme in 2013, TransAtlantic is forecast to drill 38
wells in this financial year. Having spudded 18 wells in the third
quarter and 27 wells year to date, we forecast a potential doubling
in production volumes by 2015.
For the full report see:
www.edisoninvestmentresearch.com/research/company/transatlantic-petroleum
The launch of coverage on TransAtlantic marks a further
expansion of Edison's worldwide oil and gas coverage. Edison
provides research coverage on more than 45 oil and gas companies
across the UK, mainland Europe,
North America and Australasia. All
reports published by Edison are available to download free of
charge from its website www.edisongroup.com.
About Edison Investment Research
Edison, the
investment intelligence firm, is the future of investor interaction
with corporates. Our team of over 100 analysts and investment
professionals works with leading companies, fund managers and
investment banks worldwide to support its capital markets activity.
We provide services to more than 400 retained corporate and
investor clients from our offices in London, New
York, Frankfurt,
Sydney and Wellington. Edison is authorised and regulated
by the Financial Services Authority
(www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584).
Edison is not an adviser or broker-dealer and does not provide
investment advice. Edison's reports are not solicitations to buy or
sell any securities.
For more information please contact:
Xavier Grunauer/Ian
McLelland, Edison Investment Research
+44 (0)20
3077 5756
oilandgas@edisongroup.com
SOURCE Edison Investment Research