Operational Updates
TransAtlantic Tags Preliminary 2012 Capex Budget at $130MM
Print
|
TransAtlantic Petroleum Ltd. has reported its preliminary 2012 capital expenditure budget, the realignment of its Business Development team and the date of the Company's fourth quarter and year end 2011 earnings release and conference call.
2012 Capital BudgetTransAtlantic Petroleum's Board of Directors has approved a preliminary 2012 capital expenditure budget of approximately $130 million. Spending during the year is expected to consist of approximately $110 million of drilling and completion expense (over 90 gross wells), $15 million of seismic expense, and $6 million on infrastructure expense.
TransAtlantic's Chairman and Chief Executive Officer, N. Malone Mitchell, 3rd, stated, "The Board and I have approved our first budget under Mustafa Yavuz, the Company's new Chief Operating…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations