TransAtlantic Petroleum Ltd. announced that its board of directors has approved the appointment of Chad Burkhardt as Vice President, General Counsel and Corporate Secretary effective August 24, 2015. Since 2008, Mr. Burkhardt has served as Partner in the Corporate department of Baker Botts L.L.P. where he advised clients on various corporate transactions including corporate securities offerings, mergers and acquisitions and various public company filings.

TransAtlantic Petroleum Ltd. announced unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues were $28.490 million compared to $41.061 million for the same period a year ago. Net loss and net loss from continuing operations was $7.250 million, or $0.18 per share (basic and diluted), compared to net income and net income from continuing operations of $1.437 million, or $0.04 per share (basic and diluted) reported last year. Operating loss was $0.804 million compared to operating income of $11.134 million and loss from continuing operations before income taxes was $6.436 million against income from continuing operations before income taxes of $2.664 million reported last year. Capital expenditures, including seismic and corporate expenditures, totaled $10.9 million for the three months ended June 30, 2015 compared to $7.8 million for the three months ended March 31, 2015 and $28.7 million for the three months ended June 30, 2014. Adjusted EBITDAX from continuing operations was $17.247 million compared to $27.495 million reported last year.

For the six months, the company reported total revenues were $55.486 million compared to $74.707 million for the same period a year ago. Net loss and net loss from continuing operations was $12.744 million, or $0.31 per share (basic and diluted), compared to net income and net income from continuing operations of $5.430 million, or $0.14 per share (basic and diluted) reported last year. Operating loss was $0.783 million compared to operating income of $18.489 million and loss from continuing operations before income taxes was $10.408 million against income from continuing operations before income taxes of $8.707 million reported last year. Net cash provided by operating activities from continuing operations was $21.808 million against $41.460 million reported last year. Adjusted EBITDAX from continuing operations was $34.845 million against $49.360 million reported last year.

The company average net sales production of 5,868 BOEPD, a 4% decrease from the first quarter of 2015 and a 17% increase over the second quarter of 2014 (comprised of 4,626 BOPD, a 2% decrease from the first quarter of 2015 and 7.4 MMCFPD of natural gas, an 8% decrease from the first quarter of 2015). Current daily net production as of July 31, 2015 is approximately 5,500 BOE, and is comprised of approximately 4,300 BOPD and 7.3 MMCFPD. The Company is presently operating one drilling rig in the Molla Area.