TransAtlantic Petroleum Ltd. announced that its board of directors has accepted the resignation of President Ian J. Delahunty effective May 27, 2014. Mr. 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 Chief Operating Officer of the Company effective May 27, 2014.
Chairman and Chief Executive Officer 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."