The New Mitchell Noah Malone Iii Holding in Transatlantic Petroleum Ltd
Mitchell Noah Malone Iii filed with the SEC SC 13D/A form for Transatlantic Petroleum Ltd. The form can be accessed here: 000119312516782731. As reported in Mitchell Noah Malone Iii’s form, the filler as of late owns 49.9% or 30,314,048 shares of the Energy–company.
Transatlantic Petroleum Ltd stake is a new one for the and it was filed because of activity on November4, 2016. We feel this shows Mitchell Noah Malone Iii’s positive view for the stock.
TransAtlantic Petroleum Ltd. is a holding company. The Company is an international oil and natural gas company engaged in acquisition, exploration, development and production. Its segments include Turkey and Bulgaria. The Company holds interests in approximately 880,000 and 567,000 net acres of developed and undeveloped oil and natural gas properties in Turkey and Bulgaria, respectively. The Company holds interests in over 20 onshore and offshore exploration licenses and approximately 25 onshore production leases covering a total of over 1.4 million gross acres in Turkey. All of its oil production is concentrated in southeastern Turkey, primarily in the Arpatepe, Bahar, Goksu and Selmo oil fields, and its natural gas production is concentrated in the Thrace Basin, which is located in northwestern Turkey near Istanbul. The Company holds interests in an onshore exploration license and an onshore production concession covering a total of approximately 567,110 acres in Bulgaria.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Analysts await TransAtlantic Petroleum Ltd (NYSEMKT:TAT) to report earnings on March, 29.
The stock increased 1.96% or $0.02 on December 1, hitting $1.04. About 196,944 shares traded hands or 232.93% up from the average. TransAtlantic Petroleum Ltd (NYSEMKT:TAT) has risen 13.19% since April 28, 2016 and is uptrending. It has outperformed by 7.26% the S&P500.
TransAtlantic Petroleum Ltd. is a holding company. The company has a market cap of $55.59 million. The Firm is an international oil and natural gas firm engaged in acquisition, exploration, development and production. It currently has negative earnings. The Company’s divisions include Turkey and Bulgaria.
According to Zacks Investment Research, “TransAtlantic Petroleum Ltd. is a vertically integrated, international oil and gas company. The Company is engaged in the acquisition, development, exploration, and production of crude oil and natural gas. TransAtlantic Petroleum operates in Morocco, Romania, Turkey and California.”
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