RE:New corporate presentation outI see institutions bought most of pp-go from 15% to 25% of shares
new presentation sez deal increases annual cash flow 3.2 times compared to q2 933 boed
transatlantic press release sez they are giving up 379 boed-did he leave a zero off-cant see sept tbng production droped that much
Mr. Mitchell also noted that “the sale of TBNG represents the equivalent to TransAtlantic of the sale of approximately 379 net barrels of oil equivalent per day ('BOEPD') (99% gas) when using the September 2016 production rate. We intend to use the sale proceeds received to increase our cash reserves and fund drilling operations in our Southeast Turkey oilfields, which we believe will more than offset the decrease in production resulting from the sale of TBNG. This sale accomplishes the important second step of our planned financial restructuring.”