TransAtlantic Petroleum Provides Investor Presentations and Marketing Process Update
February 20 2018 - 5:17PM
TransAtlantic Petroleum Ltd. (TSX:TNP) (NYSE
American:TAT) (the “Company” or “TransAtlantic”) today provided an
investor presentation regarding the potential of the Company’s
assets, a 2017 reserves presentation, and an update on its
marketing process.
Presentations
Today, the Company issued an investor
presentation regarding the potential of the Company’s assets and a
presentation on the Company’s 2017 reserves. Both presentations can
be found on the Company’s website under the Investor Relations
section at
https://transatlanticpetroleum.gcs-web.com/events-and-presentations.
The presentations contain certain non-GAAP financial measures.
Please see the reconciliations for such non-GAAP financial measures
contained at the end of each presentation.
Strategic Marketing Process
As previously disclosed, the Company has formed
a strategic committee of the board of directors, headed by Mel
Riggs, in order to conduct a marketing process of the Company. The
strategic committee has engaged Tudor Pickering Holt & Co. to
act as financial advisor, who has begun the process of marketing
the Company.
There is no assurance that the strategic
marketing process will result in the Company completing a sale of
the Company or its assets. The Company does not intend to make any
further announcements regarding this process unless and until a
final decision has been made by its board of directors or until
such time as it deems it appropriate.
About TransAtlantic
Petroleum
The Company is an international oil and natural
gas company engaged in the acquisition, exploration, development,
and production of oil and natural gas. The Company holds interests
in developed and undeveloped properties in Turkey and Bulgaria.
(NO STOCK EXCHANGE, SECURITIES
COMMISSION, OR OTHER REGULATORY AUTHORITY HAS APPROVED OR
DISAPPROVED THE INFORMATION CONTAINED HEREIN.)
Forward-Looking Statements
This news release and the presentations referred
to herein contain statements concerning the marketing of the
Company, the Company’s drilling program, the Company’s 3D seismic
program, the evaluation of the Company’s prospects in the Thrace
Basin in Turkey, the Molla Area of Southeast Turkey, and Bulgaria,
information on the Company’s reserves, use of future prospective
capital in the Company’s business, expectations of future funding
and capital sources, drilling, completion, and cost of wells, the
production and sale of oil and natural gas, as well as other
expectations, plans, goals, objectives, assumptions, and
information about future events, conditions, results of operations,
and performance that may constitute forward-looking statements or
information under applicable securities legislation. Such
forward-looking statements or information are based on a number of
assumptions, which may prove to be incorrect.
Although the Company believes that the
expectations reflected in such forward-looking statements or
information are reasonable, undue reliance should not be placed on
forward-looking statements because the Company can give no
assurance that such expectations will prove to be correct.
Forward-looking statements or information are based on current
expectations, estimates, and projections that involve a number of
risks and uncertainties which could cause actual results to differ
materially from those anticipated by the Company and described in
the forward-looking statements or information. These risks and
uncertainties include, but are not limited to, access to sufficient
capital; market prices for natural gas, natural gas liquids and oil
products; estimates of reserves and economic assumptions; the
ability to produce and transport natural gas, natural gas liquids,
and oil products; the results of exploration and development
drilling and related activities; economic conditions in the
countries and provinces in which the Company carries on business,
especially economic slowdowns; actions by governmental authorities;
receipt of required approvals; increases in taxes; legislative and
regulatory initiatives relating to fracture stimulation activities;
changes in environmental and other regulations; renegotiations of
contracts; political uncertainty, including actions by insurgent
groups or other conflict; outcomes of litigation; the negotiation
and closing of material contracts; and other risks described in the
Company’s filings with the SEC.
The forward-looking statements or information
contained in this news release are made as of the date hereof and
the Company undertakes no obligation to update publicly or revise
any forward-looking statements or information, whether as a result
of new information, future events or otherwise, unless so required
by applicable securities laws.
Enquiries:
Chad D. BurkhardtVice President, General Counsel
and Corporate Secretary+1 (214) 265-4705TransAtlantic Petroleum
Ltd.16803 Dallas ParkwayAddison, Texas
75001http://www.transatlanticpetroleum.com
Tudor Pickering Holt & Co. (London
office)TransAtlantic@tphco.com+44 20 7268 2857
TransAtlantic Petroleum (AMEX:TAT)
Historical Stock Chart
From Mar 2024 to Apr 2024
TransAtlantic Petroleum (AMEX:TAT)
Historical Stock Chart
From Apr 2023 to Apr 2024