International oil and natural gas company TransAtlantic Petroleum Ltd. (TSX:TNP) (NYSE-MKT:TAT) has accepted the resignation of president Ian J. Delahunty effective May 27, 2014. Delahunty plans to start his own oil and gas company, but will continue to be employed by TransAtlantic in an advisory capacity for a brief transition period. TransAtlantic's board of directors expects to appoint Todd C. Dutton as president of the company and James R. Huling as COO of the company effective May 27, 2014.
Chairman and CEO N. Malone Mitchell 3rd commented, "We are disappointed for the Company to lose Ian. He has streamlined our operations and made significant improvements at TransAtlantic. However, I am a longstanding supporter of entrepreneurship, and I will encourage and assist Ian in his new venture."
Dutton has served as president of Longfellow Energy LP, a Dallas, Texas-based independent oil and natural gas exploration and production company owned by TransAtlantic’s chairman and CEO, N. Malone Mitchell 3rd and his family, since January 2007. He brings 37 years of experience in the oil and natural gas industry, focusing on exploration, acquisitions and property evaluation. He has served in various supervisory and management roles at Texas Pacific Oil Company, Coquina Oil Corp., BEREXCO INC. and Riata Energy Inc. Dutton earned a B.B.A. in Petroleum Land Management from the University of Oklahoma.
Huling has served as COO of Longfellow since May 2012. From 2007 until May 2012, Huling served as president of Kiamichi Energy Corp., a Fort Worth, Texas-based consulting and production company that he founded. He brings nearly 30 years of experience in reservoir engineering, drilling and completion operations and production optimization. Huling began his career with Kerr-McGee and subsequently held engineering and operational roles with Encore Acquisition Company, Riata Energy, Inc.and Ovation Energy Partners before founding Kiamichi Energy Corporation. Huling earned a BS in Petroleum Engineering from the University of Oklahoma.
TransAtlantic Petroleum Ltd. holds interests in developed and undeveloped properties in Turkey and Bulgaria.