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Exhibit 12.1
TRANSATLANTIC PETROLEUM LTD.
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands, except ratios)
| Three Months Ended March 31, |
| 2016
|
|
|
Earnings available for fixed charges: |
|
Loss from continuing operations before income taxes | $ (3,819) |
Interest expense | 2,656 |
Portion of rent expense representing interest | - |
Earnings available for fixed charges | (1,163) |
|
|
Fixed charges: |
|
Interest expense | 2,656 |
Portion of rent expense representing interest | - |
Fixed charges | 2,656 |
|
|
Ratio of earnings to fixed charges | - |
Coverage deficiency | 6,475 |