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TransAtlantic Petroleum Ltd. Closes on Acquisition of Direct Bulgaria and Direct Morocco
Feb. 21, 2011 12:18PM PST
Oil and Gas InvestingTransAtlantic Petroleum Ltd. (TSE:TNP) acquires entire ownership interests of Direct Petroleum Bulgaria EOOD, Direct Petroleum Morocco, Inc. and Anschutz Morocco Corporation.
TransAtlantic Petroleum Ltd. (TSX:TNP) acquires entire ownership interests of Direct Petroleum Bulgaria EOOD, Direct Petroleum Morocco, Inc. and Anschutz Morocco Corporation.
The press release is quoted as saying:
The Company issued 8,924,478 of its common shares to Direct and paid $2.0 million in cash consideration at closing in addition to $492,000 in cash adjustments.
Click here to access the entire press release