June 19, 2012 / 2:05 PM / 5 years ago

UPDATE 1-TransAtlantic Petroleum sees lower production

June 19 (Reuters) - Canadian oil and gas producer TransAtlantic Petroleum Ltd cut its production estimate for the second quarter.

The company now expects to produce 4,500 barrels of oil equivalent per day (boe/d), down from the 4,700 boe/d it forecast earlier.

TransAtlantic also said it recently received a 61,561-acre exploration license in Turkey.

Shares of the company closed at C$1 on Monday on the Toronto Stock Exchange.

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