TransAtlantic Petroleum’s Interesting Turkish Delight
Zman submits:
Company quick look:
TransAtlantic Petro (TAT) – $2.95.
Nutshell: Small cap E&P focused on Turkey, Morocco, and Romania. Management founded Riata which IPO’d as SD, sold out of majority there, and while the team has more lawyers and less G&G types on it than I generally like to see, the staff has a good amount of experience in their target countries. The objective is fairly straight forward: Apply new technology and capital to under explored and exploited areas in good oil and gas finding territory with favorable financial terms (more favorable than in the U.S. at least). Selling into the captive gas market of Turkey is also bonus (see below).
Investing, Long Term Investment, stock market | admin February 22, 2010
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