April 1, 2011 / 2:35 PM / 7 years ago

UPDATE 1-TransAtlantic Petroleum sees 3-fold jump in 2010 revenue

* Sees rev $80-$90 mln, up from $29.3 mln last year

* Expects net loss of $60-$80 mln

* Says there will be delay in filing annual report (Follows alerts)

April 1 (Reuters) - Canadian energy company TransAtlantic Petroleum Ltd said it expected a near three-fold jump in revenue for 2010, helped mainly by higher production in Turkey.

TransAtlantic also said it was unable to file the annual report with the U.S. Securities and Exchange Commission within the prescribed period.

It expects to file the report during the week of April 11, TransAtlantic said in a statement.

The company, which holds interests in oil and gas properties in Turkey, Morocco, Romania and California, said it saw revenue of about $80-$90 million for 2010, compared with $29.3 million, last year.

For the year, it expects a net loss of $60-$80 million, compared with a loss of $62.1 million last year.

Shares of the Hamilton, Bermuda-based company, which is involved in the acquisition, development, exploration and production of crude oil and natural gas, closed at C$3.00 on Thursday on the Toronto Stock Exchange. (Reporting by Amruta Sabnis in Bangalore; Editing by Maju Samuel)

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