TransAtlantic Petroleum (TAT) Sees FY15 Capital Budget at $38M
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TransAtlantic Petroleum Announces Corporate Update, Preliminary 2015 Capital Expenditure Budget and Update on Operations
February 3, 2015 4:06 PM ESTHAMILTON, Bermuda, Feb. 3, 2015 (GLOBE NEWSWIRE) -- TransAtlantic Petroleum Ltd. (NYSE-MKT: TAT) (TSX: TNP) (the "Company" or "TransAtlantic") today announced a corporate update, a preliminary 2015 capital expenditure budget and an update on its operations.
Corporate Update
TransAtlantic presently holds $35 million of cash on hand and a portfolio of commodity derivative contracts with a present value of approximately $40 million at a Brent crude oil price of $50 per barrel. The Company has hedged approximately 1.5 million barrels of Brent crude oil at a weighted average... More
