Energy & Mining International - Summer 2012 - (Page 234)

E M I T R A N S A T L A N T I C P E T R O L E U M LT D . SUMMER 2012 Moving to Distant Lands TransAtlantic Petroleum Ltd. exports North American hydraulic fracturing technology to its properties in Eastern Europe. [ BY BRIAN SALGADO ] TransAtlantic Petroleum has properties located in. Turkey, Bulgaria and Romania.. • Istanbul Attempting to bring North American technology to another nation halfway around the world to extract resources is always a daunting challenge. But when the process will significantly cut down the cost of operations and increase margins of profitability, a little a trial-anderror to determine the best course of action is well worth it. TransAtlantic Petroleum Ltd. was doing just that when it brought hydraulic fracturing to the European portion of Turkey that holds the Thrace Basin, which the company says is rich in previously tested natural gas. And the company will soon use this technology in southeastern Turkey to begin more earnest testing of the Dadas shale after doing some initial testing in late 2010 and early 2011. According to Chad Potter, vice president of finance and investor relations, the company finally found the right combination of fluids and sand needed to recover the natural gas out of Thrace Basin’s tight sands in late 2011 in wells PROFILE “We found the right method and in November and December, we were able to begin a string of repeated frac successes.” // CHAD POTTER, vice president of finance and investor relations TransAtlantic Petroleum Ltd.. | 2011 revenues: $126.3 million | Headquarters: Istanbul, with an executive office near Dallas Employees: 1,029 | Specialty: Crude oil and natural gas development shallower than 6,000 feet. Now that the correct completion method has been determined, TransAtlantic Petroleum is moving ahead on deeper wells while beginning the planning of a development rig line and completion program. “In late 2011, we found the right completion method and in November and December, we were able to begin a string of repeated frac successes,” Potter says. “Those could lead to a significant recovery of several tcf [trillion cubic feet] of gas, we know the gas is there. The question now is, ‘Can it all be produced economically?’ We are confident that the shallower zones work, but the deeper zones are still being evaluated.” TransAtlantic Petroleum is an international energy company engaged in the acquisition, development, exploration and production of oil and natural gas with interests in developed and undeveloped oil and gas properties in Turkey, Bulgaria and Romania. 234

Table of Contents for the Digital Edition of Energy & Mining International - Summer 2012

Energy & Mining International - Summer 2012
Wind Financing
Latin American Energy
Mining Developments
Wabash Mfg. Inc.
Mega Precious Metals
Iron Ore Company of Canada
Rainy River Resources Ltd.
Canada Energy
Gear Energy
Manitok Energy Inc.
Chieftain Metals
IC Potash
Nyrstar Langlois Mine
Phoenix Technology Services Inc.
Waycon Manufacturing Ltd.
Tuscany International Drilling
Latin America Focus
Canacol Energy
Orosur Mining
Lithium One Inc.
Cabo Drilling (Panama) Corp.
Continental Gold Ltd.
Guyana Oil Co. Ltd.
Batero Gold Corp.
The Williston Basin
Primary Petroleum
Sanjel Corp.
Summit Energy Services
Kengor Metals LLC
Stone Energy
Holloway Pipe
McFarren Group – Appalachian Transload Services
Trumbull Corp.
De-Cal Mechanical
Buck’s Fabricating
ITI Trailers & Truck Bodies
Hamilton Machine/ ValTek Industries
Rodenberg Diversified LLC
Mazzella Lifting Technologies
Independence Excavating
Magna-Solutions LLC
Blackhawk Specialty Tools LLC
MinExpo 2012
Rail-Veyor Technologies
STW Technic
RAM Enterprise
Miner Elastomer Products Corp.
McElroy Manufacturing
REICHdrill Inc.
Gunnebo Johnson Corp.
The Timken Co.
K/M Specialty Pumps & Systems Inc.
Schroeder Industries
The Reinforced Earth Co.
Geoprobe Systems®
Sumitomo Pogo Mine LLC – Pogo Mine
Power Service Inc.
National Pump Co.
Peak Oilfield Service Co.
TonaTec Exploration
Xtreme Oil & Gas Inc.
White Tiger Gold
TransAtlantic Petroleum Ltd.
Lydford Mining Co.
MFM Industries Inc.
Crescent Companies
Tri State Tank
Aquila Resources
Armstrong Coal
EnerJex Resources Inc.
Sanchez Energy Corp.
Chatham Steel Corp.
Ad Index
The Final Shot

Energy & Mining International - Summer 2012