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TransAtlantic Petroleum Provides Q1 Prelim. Results

TransAtlantic Petroleum Ltd. (TAT, TNP.TO), an international energy company engaged in the acquisition, development, exploration and production of oil and natural gas, Thursday in its preliminary financial results said that it expects revenues for the first quarter to be approximately between $33 million and $37 million. Analyst estimate the firm to generate revenues of $34.3 million for the quarter.

For the three-month period, the company expects results in the range of between net loss of about $2 million and net income of about $6 million. The Company cautions that the estimation of net income is preliminary and subject to change, possibly materially.

The Company expects total shareholders' equity at March 31 to be between approximately $205 million and $220 million, as compared with $213.8 million as of December 31.

by RTTNews Staff Writer

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