TransAtlantic launches marketing process for Albania assets

TransAtlantic Petroleum Ltd. (NYSE-MKT: TAT) (TSX: TNP) has launched a marketing process for the sale of all of its oil and gas assets and operations in Albania. On Nov. 16, the company's board of directors authorized the immediate launch of a marketing process for the sale of all the company's oil and gas assets and operations in Albania.

While TransAtlantic pursues the marketing process, it will continue the execution of its current operational plan. TransAtlantic does not expect to comment further or update the market with further information on the marketing process unless and until the board of directors has approved a specific transaction or otherwise deems disclosure to be appropriate or necessary. There is no assurance that this marketing process will result in the company pursuing a particular transaction or completing any such transaction.

TransAtlantic Petroleum Ltd. is an international oil and natural gas company engaged in the acquisition, exploration, development, and production of oil and natural gas. The company holds interests in developed and undeveloped properties in Turkey, Albania, and Bulgaria.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...