Report

Update: Approved Stream acquisition sets the tone in Q4

TransAtlantic has released a good set of Q314 financial and operational results, realising an oil production high of 3.7mb/d and with a significant quarter-on-quarter increase in net income to US$8.3m. Results were driven by solid operations in south-east Turkey, as well as a lack of one-off provisions and abandonment charges. In our view, current oil prices could potentially bring Turkey and Bulgarian gas assets back into focus in 2015, while the approved acquisition of Stream Oil and Gas adds Albanian production and cash flow to the mix.
Underlying
TransAtlantic Petroleum

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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