See Full Site
Subscribe NOW!!
Exploration & Production | Operational Updates | Drilling Activity

TransAtlantic Spins Bit at Well Targeting Bedinan Formation

Sample logs while drilling indicate oil and gas shows in the Bedinan formation.

Tuesday,February 03,2015

TransAtlantic Petroleum has reported an operational update.

TransAtlantic's average net production for January 2015 was approximately 6,700 BOEPD, comprised of approximately 5,200 BOPD of oil and approximately 8.9 MMCFPD of natural gas. Presently, the Company has one active rig in southeast Turkey. The Pinar-1 vertical well (100% working interest) is nearing its target depth of 11,700 feet. Sample logs while drilling indicate oil and gas shows in the Bedinan formation. The Company expects to test the Pinar-1 in the first quarter of 2015.

TransAtlantic intends to drill the Delvina-34H1 (100% working interest) in Albania and expects to test the well in the summer of 2015.

The Company plans to issue a reserves update as soon as year-end 2014 reserves are finalized. Turkish reserves are complete and TransAtlantic expects to complete Albanian reserves by the end of February 2015.



Turkey/Dadas News

BACK TO TOP