TransAtlantic Petroleum Announces Release Date of First Quarter 2018 Results
May 04 2018 - 4:01PM
TransAtlantic Petroleum Ltd. (TSX:TNP) (NYSE
American:TAT) (the “Company” or “TransAtlantic”) today announced
that it expects to issue its earnings release for the first quarter
of 2018 after the market closes on Wednesday, May 9, 2018.
Conference Call
On January 16, 2018, the Company announced the
formation of a strategic committee of the board of directors and
the engagement of a financial advisor to market the Company and
explore strategic alternatives to increase shareholder value. The
marketing process is ongoing, and the Company expects to receive
indications of interest during the second quarter of 2018.
Therefore, the Company has decided not to hold an earnings call to
discuss its results for the first quarter of 2018.
About TransAtlantic
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 earnings release
referred to herein contain statements concerning the issuance of an
operations update, the marketing of the Company, the Company’s
planned future operations and future use of capital, the Company’s
access to capital and capital resources, the Company’s reserves,
and the Company’s 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.
Contacts:
Chad D. BurkhardtVice President, General Counsel
and Corporate Secretary(214) 265-4705TransAtlantic Petroleum
Ltd.16803 Dallas ParkwayAddison, Texas
75001http://www.transatlanticpetroleum.com