Energy Companies Announce Announce 2019 Earnings Reports
SARASOTA, Fla., March 17, 2020 (Newswire.com) - TransAtlantic Petroleum (TAT), Acorn Energy (ACFN), and Deep Down Inc. (DPDW) are companies within the energy and energy infrastructure sector that have announced their 2019 earnings in March. These small-cap companies combined, account for a total market cap of approximately $32 million.
TransAtlantic Petroleum, Ltd. is an oil and natural gas company based in Addison, Texas. The company also has interests overseas, covering an area of nearly 372,050 net acres in Turkey and another 162,500 in Bulgaria. TransAtlantic earlier this month presented the Company’s 2019 reserves, provided updates on its hedging program, operations and 2020 capital expenditure.
Acorn Energy is based in Wilmington, Delaware and operates through two segments, Power Generation Monitoring and Cathodic Protection Monitoring. In November, Acorn’s subsidiary OmniMetrix recently underwent a senior management transition with Acorn’s current CEO and CFO appointed as Acting CEO and COO of OmniMetrix.
Deep Down, Inc. is an oilfield services company, offering specialized services to the offshore energy industry. This includes deepwater exploration, development and production of oil and gas. Deep Down recently received an order from Shell Offshore Inc. for work related to Whale development in the U.S. Gulf of Mexico.
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