* Q2 loss $0.05/shr vs loss $0.04/shr last year
* Revenue more than doubles
Aug 10 Canada-based energy company
TransAtlantic Petroleum Ltd (TNP.TO) reported a wider quarterly
loss, hurt by a nearly three-fold increase in total costs and
For the second quarter, net loss attributed to
TransAtlantic Petroleum was $16.4 million, or 5 cents a share,
compared with $7.1 million, or 4 cents a share, in the year ago
Total costs and expenses grew to $35.7 million.
Revenue jumped to $18.6 million from $7.4 million.
The company said the increase in revenue was a result of
first gas sales from its Edirne field in the Thrace Basin in
April, as well as increased production from its drilling and
workover campaign at the Selmo and Arpatepe oil fields in
Shares of the company closed at C$3.26 Monday on the
Toronto Stock Exchange.
(Reporting by Isheeta Sanghi in Bangalore; Editing by Prem
Udayabhanu) ((firstname.lastname@example.org; within U.S. +1
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