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TransAtlantic Focuses on Reworks in 3Q; Latest Well Results
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TransAtlantic Petroleum Ltd. announced financial results for the quarter ended September 30, 2015 and provided an update on its operations.
Key Points: TransAtlantic continues to undertake low cost operations to maximize production from existing wells through its re-work program in Southeast Turkey. TransAtlantic has now established commercial production in the Hazro F3 sand in two wells in the Bahar field. Current net production of approximately 5,900 BOEPD with approximately 400 BOPD temporarily shut in Third Quarter 2015 Highlights: Revenue of $20.2 million Consolidated Adjusted EBITDAX from continuing operations of $14.9 million (Adjusted EBITDAX is a non-GAAP financial measure that is defined and reconciled to net income (loss) from continuing operations at the end of this press…- ✓ Full news archive — U.S., Canada & international coverage
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