TransAtlantic Petroleum Ltd. announced management changes and provides an update of the Company's operating activities.
Chief Operating Officer Transition. TransAtlantic's Board of Directors has accepted the resignation of Gary T. Mize as the Company's President and Chief Operating Officer and subsequently appointed Mustafa Yavuz as Chief Operating Officer. Mr. Yavuz joined TransAtlantic in June 2011 in ...
The company is in the process of acquiring the necessary permits for the drilling of its initial well, the RK-22, on Cub's 100% owned and operated Rusko-Komarovske licence.
Gross production from the Olgovskoye Licence averaged 11.42MMcf/d to KUB-Gas (3.5 MMcf/d net to Cub) during the month of February, representing approximately 40% of total production from all of Cub's licences.