Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
TransAtlantic Talks 4Q Results; Preps to Resume Turkish Ops
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TransAtlantic Petroleum Ltd. announced financial results for the quarter and year ended December 31, 2014 and provided an operations update.
Highlights: Earnings per share increased to $0.77 in 2014 from a loss of $0.36 per share in 2013. Increased Adjusted EBITDAX from continuing operations in 2014 by 16% to $89.6 million. Record average net sales volumes of 5,969 barrels of oil equivalent per day in the fourth quarter of 2014 compared to 5,033 BOEPD in the previous quarter and 4,391 BOEPD in the fourth quarter of 2013. Record wellhead production of 1.9 million barrels of oil equivalent in 2014, as compared to 1.6 MMBOE in 2013. Increased revenue to $140.7 million in 2014, an increase of 8% from $130.8 million in 2013 despite 12% decrease in average sales price. Drilled 29 gross and…Finish this article — free account or subscription
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