Thrace BasinWinter weather conditions have inhibited equipment movement and thus limited the pace of completions in the Thrace Basin. TransAtlantic has nine wells currently awaiting frac and three completion operations in progress. The Company recently completed the DTD-19 well in the Tekirdag Field Area as the Company's first five-stage frac. The DTD-19 has been flowing back load water, with early choked gas production in excess of 1 MMcf per day. The initial completion of the lowest section of the Kazanci-5 well in the Hayrabolu area was not successful. The Hayrabolu-10, TransAtlantic's second deep test of the Hayrabolu structure, is currently drilling below 9,000 feet.
TransAtlantic Petroleum Announces Operating Results, 2012 Proved Reserves, And Provides An Operational Update
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.