09:50 AM EST - TransAtlantic Petroleum Corp. : announced that its second quarter net loss was $7.1 million U.S., or $0.04 U.S. per share, compared to a net loss of $920,000 U.S., or $0.01 U.S. per share for the second quarter of 2008. The net loss for the second quarter of 2009 is primarily composed of production expenses of $2.2 million U.S., seismic and other exploration costs of $1.2 million U.S., depreciation, depletion and amortization expense of $2.5 million U.S., general and administrative expense of $3.1 million U.S., international oil and gas activities expense of $2.2 million U.S. and interest and other expense of $1.7 million U.S. Petroleum revenues for the second quarter were $7.4 million U.S., up from $47,000 U.S. in the second quarter of 2008. TransAtlantic Petroleum Corp.
shares T.TNP are trading even at $2.98.
