TransAtlantic Petroleum Corp. Announces Change in Strategy and Capital Infusion

August 28, 2008 Filed Under: Oil and Gas  

TransAtlantic Petroleum Corp. announced that it is changing its operating strategy from a prospect generator to a vertically integrated project developer. To execute this new strategy, the Company has agreed in principle to acquire Longe Energy Limited (“Longe”), an entity associated with the Company’s Chairman, N. Malone Mitchell 3rd, in conjunction with a private placement that...