EX-12.1 3 tat-ex121_10.htm EX-12.1 tat-ex121_10.htm

Exhibit 12.1

TRANSATLANTIC PETROLEUM LTD.

CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands, except ratios)

 

 

 

 Six Months

Ended June 30,

2016

 

Earnings available for fixed charges:

 

 

 

 

Loss from continuing operations before income taxes

 

$

(8,514

)

Interest expense

 

 

5,270

 

Portion of rent expense representing interest

 

 

-

 

Earnings available for fixed charges

 

 

(3,244

)

 

 

 

 

 

Fixed charges:

 

 

 

 

Interest expense

 

 

5,270

 

Portion of rent expense representing interest

 

 

-

 

Fixed charges

 

 

5,270

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

-

 

Coverage deficiency

 

 

13,784