EX-12.1 4 tat-ex121_8.htm EX-12.1 tat-ex121_8.htm

Exhibit 12.1

 

 

TRANSATLANTIC PETROLEUM LTD.

CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands, except ratios)

 

 

 

 

 

Nine Months Ended September 30,

 

2015

 

 

 

Earnings available for fixed charges:

 

Income (loss) from continuing operations before income taxes

$ (8,960)

Interest expense

   10,300

Portion of rent expense representing interest

-

   Earnings available for fixed charges

   1,340

 

 

Fixed charges:

 

Interest expense    

10,300

Portion of rent expense representing interest

-

   Fixed charges

10,300

 

 

Ratio of earnings to fixed charges

0.1

Coverage deficiency

-