TransAtlantic Petroleum Ltd. provided an operational update on its current drilling program.
TransAtlantic ended the fourth quarter of 2013 with seven-day average production of 8,481 BOEPD gross and 5,084 BOEPD net. Net production on December 30, 2013 reached 5,198 BOEPD. Seven-day average net production was comprised of 3,001 BOPD of oil and 12.5 MMCFPD of natural gas. The Company currently has three active rigs in southeastern Turkey, one active rig in the Thrace Basin in northwestern Turkey and one active rig in Bulgaria. TransAtlantic spudded eight wells in the fourth quarter of 2013 and 35 total wells in 2013. The Company plans to drill between 33 and 49 wells in 2014.