TransAtlantic Petroleum Ltd. Closes on Acquisition of Direct Bulgaria and Direct Morocco

- February 21st, 2011

TransAtlantic 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

Leave a Reply