Valeura Energy, an upstream oil & gas company, completed the acquisition of Thrace Basin Natural Gas, which engages in the exploration and production of natural gas, from TransAtlantic Petroleum, which explores for and produces crude oil and natural gas, for $22m. "The acquisition of TBNG has been a longstanding strategic objective of Valeura, which provides operational control and doubles our participating interest to 81.5% in a core producing asset in the Thrace Basin. The combination of the acquisition of Valeura's joint venture partner, the sale of the deep rights to Statoil and the financing, is expected to be highly accretive to Valeura shareholders, with pro-forma cash flow per share accretion of 62% based on Q2 2016 actual results," Jim McFarland, Valeura President and Chief Executive Officer.