Edison expands US oil and gas sector presence with launch of coverage of TransAtlantic Petroleum

Nov 01, 2013, 11:48 ET from Edison Investment Research

LONDON, Nov. 1, 2013 /PRNewswire/ --Edison Investment Research, a leading international investment research firm, announces the initiation of coverage of TransAtlantic Petroleum (NYSE: TAT), an oil and gas company with operations in Turkey and Bulgaria.

Edison's comprehensive report, Drilling activity picks up speed in H213, was published on 22 October and examines the investment case for TransAtlantic's US$130m, 38-well drilling programme, which applies North American oil and gas technology to Turkish and Bulgarian oil and gas basins.

The analysis by Xavier Grunauer, an analyst on Edison's Oil & Gas team, points to the company's application of North American drilling and fracking technology in Turkey, applying unconventional methods to new shale plays, as well as to existing conventional assets. Moving forward with a US$130m drilling programme in 2013, TransAtlantic is forecast to drill 38 wells in this financial year. Having spudded 18 wells in the third quarter and 27 wells year to date, we forecast a potential doubling in production volumes by 2015.

For the full report see: www.edisoninvestmentresearch.com/research/company/transatlantic-petroleum

The launch of coverage on TransAtlantic marks a further expansion of Edison's worldwide oil and gas coverage. Edison provides research coverage on more than 45 oil and gas companies across the UK, mainland Europe, North America and Australasia. All reports published by Edison are available to download free of charge from its website www.edisongroup.com.

About Edison Investment Research
Edison, the investment intelligence firm, is the future of investor interaction with corporates. Our team of over 100 analysts and investment professionals works with leading companies, fund managers and investment banks worldwide to support its capital markets activity. We provide services to more than 400 retained corporate and investor clients from our offices in London, New York, Frankfurt, Sydney and Wellington. Edison is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584).

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information please contact:
Xavier Grunauer/Ian McLelland, Edison Investment Research           +44 (0)20 3077 5756

SOURCE Edison Investment Research