Condor Petroleum has commenced commercial oil production at the Shoba oilfield in Kazakhstan on September 18, 2016 as well as updated its operations in Turkey.

Statoil has entered a binding letter agreement into two exploration licenses in the Thrace region in the European north-western part of Turkey. 

Total revenues were $20.2 million for the three months ended September 30, 2015.

TransAtlantic Petroleum Ltd. provided an operational update on its current production and drilling program.

TransAtlantic expects to continue development of the Bahar field and exploration in the Molla Area with the spudding of 3 additional Bahar field wells in the second half of 2015.

TransAtlantic's current 7-day average net production rate is approximately 6,250 BOEPD, comprised of approximately 4,750 BOPD of oil and approximately 9.0 MMCFPD of natural gas.

In the second quarter of 2015, TransAtlantic expects to resume drilling in Southeastern Turkey in the Bahar and Goksu fields.

The Company expects oilfield service and equipment costs to decrease by 20-30% in the first half of 2015.

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