HAMILTON, Bermuda, Jan. 2, 2013 (GLOBE NEWSWIRE) -- TransAtlantic Petroleum Ltd. (TSX:TNP) (NYSE-AMEX:TAT) (the "Company" or "TransAtlantic") announces the Company's 2013 capital budget and production guidance, as approved by its Board of Directors, provides an operations update, and announces enhancements to the Company's organizational structure.
2013 Capital Expenditure Budget
TransAtlantic's Board of Directors has approved a capital expenditure budget for the twelve months ending December 31, 2013 of $131 million net to the Company. The budgeted spending includes $101 million of drilling and completion expense, $19 million of seismic and $11 million of infrastructure and other.
|Drilling and Completion||$101 million|
|Infrastructure & Other||$11 million|
|Thrace Basin||$42 million|
|Exploration & Other||$12 million|