67 WALL STREET, New York - February 5, 2013 - The Wall Street Transcript has just published its Oil & Gas: Exploration & Production Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Capital Expenditures and Consolidation Activity - Refining Crude Price Differentials - Frontier Exploration and Development - Shale Drilling Capital Expenditures - Oil Price Expectations - Oil and Gas Transportation Infrastructure Demand - Shale Drilling Dynamics - Shale, Offshore and Deepwater Drilling
Companies include: TransAtlantic Petroleum Ltd. (TAT) and many more.
In the following excerpt from the Oil & Gas: Exploration & Production Report, Malone Mitchell III, Chairman and CEO discusses the outlook for his company for investors:
TWST: Could you begin with a brief historical sketch of the company and a picture of the things you're doing at the present time?
Mr. Mitchell: While I am not familiar with all of its operations before our involvement in 2008, the company was formed in 1985 and operated mostly internationally until 2007. We were introduced to the company in 2008, and took a controlling financial position. Our emphasis was the assets the company had in Europe and North Africa.
At that time, the company had licenses, all nonproducing, in Turkey, Romania and Morocco. We've exited Morocco, and we've added Bulgaria. Our focus has been, built on our prior history as operators in the United States, to identify resource plays outside of North America and transfer the technology and processes of North America to these nontraditional resource plays.
TWST: How would you describe the outlook for the industry where you're operating now, and for your company?
Mr. Mitchell: The industry is at the dawn of the unconventional age worldwide. Maybe it's half past dawn in the United States, and in the rest of the world the light is just breaking. We're in an excellent position. We recognize the opportunity of having tremendous acreage in these basins.
With the product prices that we have in the particular countries we're in, and with, honestly, a little bit of luck winding up with the majority of our activity in Turkey, we find it looks extremely bright for us now. It looks great for the rest of the industry too. But for us, there are certainly a lot of unconventional resources in a lot of countries, but the government and the fiscal terms don't necessarily lend themselves to development as well as they do in Turkey...
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.