Past year: ▼ 73%(17.0c – 64.0c CAD)
Each one in plain English, with the numbers worked through for a shareholder.
8 Sept 2014business combination● Neutral
Detailed the Stream Oil & Gas deal terms: up to $41.2 million in newly issued shares (0.04812 shares per Stream share, plus a contingent 0.00845 more if certain Albanian license amendments came through), structured as an arm's-length Canadian plan of arrangement.
3 Sept 2014business combination▲ GoodMajor
Announced an agreement to acquire Calgary-listed Stream Oil & Gas Ltd., adding Albania oil and gas assets to its Turkey-centered portfolio.
7 Aug 2014quarterly activities report● Neutral
TRANSATLANTIC PETROLEUM LTD. reported quarterly revenue of $41.1 million and net income of $1.4 million for the period ended 2014-06-30.
8 May 2014quarterly activities report● Neutral
TRANSATLANTIC PETROLEUM LTD. reported quarterly revenue of $33.6 million and net income of $4.0 million for the period ended 2014-03-31.
28 Mar 2014material agreement● Neutral
Signed an equipment-yard services agreement with Viking International (now roughly half-owned by Chairman Mitchell's family) for yards in Turkey, continuing to route oilfield logistics through insider-linked entities even after the 2012 divestment.
13 Feb 2014substantial holder notice● Neutral
Schroder Investment Management Ltd reported a TRANSATLANTIC PETROLEUM LTD. shareholding of 32,637,451 shares (8.74% of votes) in a periodic institutional filing.
10 Jan 2014substantial holder notice● Neutral
Dalea Partners, LP, Dalea Management, LLC, Longfellow Energy, LP, Deut, ANBE Holdings, LP, ANBE LLC, N. Malone Mitchell and 2 others reported a TRANSATLANTIC PETROLEUM LTD. shareholding of 146,479,158 shares (39.20% of votes) in a periodic institutional filing.
7 Nov 2013quarterly activities report▼ Bad
TRANSATLANTIC PETROLEUM LTD. reported quarterly revenue of $32.3 million and a net loss of $5.0 million for the period ended 2013-09-30.
7 Aug 2013quarterly activities report● Neutral
TRANSATLANTIC PETROLEUM LTD. reported quarterly revenue of $30.5 million and net income of $2.9 million for the period ended 2013-06-30.
10 July 2013material agreement▼ Bad
Issued $2.5 million of shares to Direct Petroleum Exploration as partial liquidated damages for missing a drilling deadline on the Deventci-R2 well in Bulgaria, and reset the deadline to May 2014 with a further $2.5 million penalty if missed again.
23 May 2013listing compliance notice▼ Bad
Received a third NYSE MKT late-filing deficiency notice in seven months, this time for its Q1 2013 10-Q - a persistent reporting-timeliness problem heading into mid-2013.
23 May 2013quarterly activities report● Neutral
TRANSATLANTIC PETROLEUM LTD. reported quarterly revenue of $34.0 million and net income of $2.9 million for the period ended 2013-03-31.
20 May 2013quarterly activities report● Neutral
TRANSATLANTIC PETROLEUM LTD. reported quarterly revenue of $34.0 million and net income of $2.9 million for the period ended 2013-03-31.
14 May 2013material agreement● Neutral
Signed a smaller replacement office lease with Longfellow Energy (still a Mitchell family company), continuing the related-party leasing arrangement.
10 May 2013late filing notice▼ Bad
TRANSATLANTIC PETROLEUM LTD. notified the SEC that its quarterly report would be filed late.
5 Apr 2013listing compliance notice▼ Bad
Received a second NYSE MKT deficiency notice, this time for a late 2012 annual report - reporting delays were becoming a pattern.
18 Mar 2013late filing notice▼ Bad
TRANSATLANTIC PETROLEUM LTD. notified the SEC that its annual report would be filed late.
13 Feb 2013substantial holder notice● Neutral
Schroder Investment Management Ltd. Not Applicable reported a TRANSATLANTIC PETROLEUM LTD. shareholding of 32,950,575 shares (8.94% of votes) in a periodic institutional filing.
21 Nov 2012listing compliance notice▼ Bad
Received a NYSE MKT deficiency notice for failing to file its Q3 2012 10-Q on time, with until February 2013 to regain compliance - the first sign of reporting delays that would recur through 2013.
15 Nov 2012quarterly activities report● Neutral
TRANSATLANTIC PETROLEUM LTD. reported quarterly revenue of $34.8 million and net income of $7.0 million for the period ended 2012-09-30.
9 Nov 2012late filing notice▼ Bad
TRANSATLANTIC PETROLEUM LTD. notified the SEC that its quarterly report would be filed late.
14 Aug 2012quarterly activities report● Neutral
TRANSATLANTIC PETROLEUM LTD. reported quarterly revenue of $34.4 million and net income of $25.1 million for the period ended 2012-06-30.
10 Aug 2012late filing notice▼ Bad
TRANSATLANTIC PETROLEUM LTD. notified the SEC that its quarterly report would be filed late.
19 June 2012asset acquisition disposition● NeutralMajor
Closed the sale of its Viking oilfield-services business to the Dalea/Abraaj joint venture, and immediately signed ongoing master services agreements to keep buying drilling, stimulation and other oilfield services from the newly independent (but still insider-linked) Viking companies.
10 May 2012quarterly activities report▼ Bad
TRANSATLANTIC PETROLEUM LTD. reported quarterly revenue of $37.5 million and a net loss of $3.6 million for the period ended 2012-03-31.
26 Apr 2012material agreement● Neutral
Signed a new services agreement with Viking Petrol Sahasi Hizmetleri, a company 97% owned by Chairman Mitchell, his children and son-in-law - yet another related-party administrative-services contract.
29 Mar 2012auditor change▼ Bad
Amended report that TransAtlantic replaced its auditor KPMG Canada with KPMG USA once the 2011 audit was finished on March 23, 2012; the KPMG USA appointment for 2012 still needs shareholder approval. The filing says there were no disagreements with KPMG Canada, but its reports for 2010 and 2011 carried going-concern doubt warnings, and its reports for 2009-2011 flagged material weaknesses in internal controls over financial reporting.
20 Mar 2012material agreement● NeutralMajor
Signed the definitive agreement to sell Viking to Dalea for $164 million ($152.5 million cash plus an $11.5 million note from Dalea, guaranteed by Mr. Mitchell personally); the deal was negotiated and approved by a special committee of independent directors given the obvious conflict of interest, with Dalea expected to bring in Abraaj as a partner before closing.
16 Mar 2012late filing notice▼ Bad
TRANSATLANTIC PETROLEUM LTD. notified the SEC that its annual report would be filed late.
28 Feb 2012material agreement● NeutralMajor
Entered a non-binding letter of intent to sell its oilfield services business (Viking International and Viking Geophysical) for $164 million to a newco owned by Dalea Partners, an affiliate of Chairman Mitchell, and Abraaj. The price was $152.5 million cash plus an $11.5 million note, and the deal needed special committee and regulatory approval.
