* Q1 loss $0.04/shr vs loss $0.09/shr yr ago
* Revenue jumps nine-fold
May 11 Canada-based energy company
TransAtlantic Petroleum Ltd (TNP.TO) posted a narrower
quarterly loss, helped by a nine-fold jump in revenue.
For the first quarter, net loss attributed to TransAtlantic
Petroleum was $11.3 million, or 4 cents a share, compared with
$13.3 million, or 9 cents a share, a year ago.
Revenue jumped to $12.4 million from $1.4 million, driven
by the acquisition of Incremental Petroleum Ltd in March 2009.
TransAtlantic -- which holds interests in oil and gas
properties in Turkey, Morocco, Romania and California --
produced 146,237 net barrels of crude oil in the quarter, at an
average rate of 1,625 net barrels per day.
Total costs and expenses rose 127 percent to $22.8 million.
Shares of the company, which is involved in the acquisition,
development, exploration and production of crude oil and
natural gas, closed at C$3.81 Monday on the Toronto Stock
(Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by