3 July 2019securities registration● Neutral
TRANSATLANTIC PETROLEUM LTD. filed notice of an exempt private placement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 June 2019material agreement● Neutral
Amended its pledge agreement with Dalea so that dividends on preferred shares Dalea had pledged as collateral would be applied first against the balance the chairman's company still owed the company - another independent-director-approved tweak to the insider debt from the 2012 Viking sale.
8 May 2019quarterly activities report▼ Bad
TRANSATLANTIC PETROLEUM LTD. reported quarterly revenue of $19.0 million and a net loss of $3.9 million for the period ended 2019-03-31.
8 May 2019quarterly activities report▼ Bad
TRANSATLANTIC PETROLEUM LTD. reported quarterly revenue of $19.0 million and a net loss of $3.9 million for the period ended 2019-03-31.
17 Apr 2019material agreement● Neutral
Amended its long-running services agreement covering Longfellow, Viking Drilling, Riata Management and several other Mitchell-linked entities for the third time, keeping the web of related-party service contracts current.
28 Feb 2019debt financing● NeutralMajor
Took on a new $20 million DenizBank term loan while simultaneously amending the Dalea promissory note and the PSIL services agreement (both Mitchell-linked) - insider financing arrangements and bank debt kept being renegotiated in parallel.
13 Feb 2019substantial holder notice● Neutral
Nokomis Capital, L.L.C, Brett Hendrickson reported a TRANSATLANTIC PETROLEUM LTD. shareholding of 5,598,290 shares (11.10% of votes) in a periodic institutional filing.
7 Jan 2019securities registration● Neutral
TRANSATLANTIC PETROLEUM LTD. filed notice of an exempt private placement.
13 Dec 2018substantial holder notice● Neutral
Dalea Partners, LP, Dalea Management, LLC, Longfellow Energy, LP, Deut, N. Malone Mitchell and 1 other reported a TRANSATLANTIC PETROLEUM LTD. shareholding of 29,706,279 shares (48.00% of votes) in a periodic institutional filing.
12 Dec 2018substantial holder notice● Neutral
Dalea Partners, LP, Dalea Management, LLC, Longfellow Energy, LP, Deut, N. Malone Mitchell and 1 other reported a TRANSATLANTIC PETROLEUM LTD. shareholding of 29,706,279 shares (48.00% of votes) in a periodic institutional filing.
14 Nov 2018quarterly activities report▼ Bad
TRANSATLANTIC PETROLEUM LTD. reported quarterly revenue of $20.1 million and a net loss of $1.7 million for the period ended 2018-09-30.
14 Nov 2018quarterly activities report▼ Bad
TRANSATLANTIC PETROLEUM LTD. reported quarterly revenue of $20.1 million and a net loss of $1.7 million for the period ended 2018-09-30.
20 Aug 2018substantial holder notice● Neutral
Dalea Partners, LP, Dalea Management, LLC reported a TRANSATLANTIC PETROLEUM LTD. shareholding of 13,126,887 shares (25.00% of votes) in a periodic institutional filing.
8 Aug 2018quarterly activities report▼ Bad
TRANSATLANTIC PETROLEUM LTD. reported quarterly revenue of $18.2 million and a net loss of $1.0 million for the period ended 2018-06-30.
8 Aug 2018quarterly activities report▼ Bad
TRANSATLANTIC PETROLEUM LTD. reported quarterly revenue of $18.2 million and a net loss of $1.0 million for the period ended 2018-06-30.
7 Aug 2018material agreement termination● Neutral
Terminated its Addison, Texas office lease with Longfellow Energy (a Mitchell family company) in favor of a cheaper sublease arrangement - a small cost-cutting move.
6 July 2018production update▲ Good
Reported Q2 2018 production of about 2,777 BOEPD (rising to ~3,082 BOEPD since), converted its West Molla block to a full production license, and said its asset marketing process - running since 2015 - was still ongoing.
25 June 2018auditor change● Neutral
Named RBSM LLP as its new independent auditor for fiscal 2018, completing the transition after PMB Helin Donovan's exit two weeks earlier.
13 June 2018auditor change● Neutral
Lost its auditor, PMB Helin Donovan, after the firm decided to exit public-company audit work entirely - not a dispute over TransAtlantic's own books.
1 June 2018debt financing● Neutral
Borrowed a further $10 million from DenizBank under its master credit agreement, its third layered term loan with the bank.
9 May 2018quarterly activities report▼ Bad
TRANSATLANTIC PETROLEUM LTD. reported quarterly revenue of $16.9 million and a net loss of $1.8 million for the period ended 2018-03-31.
9 May 2018quarterly activities report▼ Bad
TRANSATLANTIC PETROLEUM LTD. reported quarterly revenue of $16.9 million and a net loss of $1.8 million for the period ended 2018-03-31.
6 Apr 2018material agreement● Neutral
Adopted a form of Executive Retention Incentive Agreement for its leadership team, disclosed alongside a routine investor-conference presentation.
8 Feb 2018director interest notice● Neutral
TRANSATLANTIC PETROLEUM LTD. 10%+ owner Nokomis Capital, L.L.C. sold 67,900 shares.
17 Jan 2018director interest notice● Neutral
TRANSATLANTIC PETROLEUM LTD. Principal Accounting/Financial Galo Fabian Anda exercised stock options for 7,185 shares and disposed of 9,316 shares.
17 Jan 2018director interest notice● Neutral
TRANSATLANTIC PETROLEUM LTD. President Todd Dutton exercised stock options for 3,851 shares and disposed of 4,995 shares.
17 Jan 2018director interest notice● Neutral
TRANSATLANTIC PETROLEUM LTD. VP and General Counsel Chad Burkhardt exercised stock options for 5,380 shares and disposed of 6,976 shares.
17 Jan 2018director interest notice● Neutral
TRANSATLANTIC PETROLEUM LTD. Vice President-Geosciences Harold Muncy exercised stock options for 9,380 shares and disposed of 12,163 shares.
6 Dec 2017substantial holder notice● Neutral
Dalea Partners, LP, Dalea Management, LLC, Longfellow Energy, LP, Deut, Pinon Foundation, N. Malone Mitchell and 1 other reported a TRANSATLANTIC PETROLEUM LTD. shareholding of 29,368,275 shares (47.40% of votes) in a periodic institutional filing.
29 Nov 2017debt financing● NeutralMajor
Borrowed a further $20.4 million from DenizBank at 6% to launch a new drilling program at Selmo, deepening its reliance on Turkish bank debt, and decided to pay the upcoming dividends on its 12% preferred shares in cash; a related party pledged Ankara real estate as extra collateral in return for a fee of 5% a year on its $5.2 million deemed value.