SOURCE: TransAtlantic Petroleum Ltd.

December 08, 2009 07:00 ET

TransAtlantic Petroleum Ltd. Begins Trading on the NYSE Amex

HAMILTON, BERMUDA--(Marketwire - December 8, 2009) - TransAtlantic Petroleum Ltd. (TSX: TNP) (NYSE Amex: TAT) is pleased to announce that it will begin trading today on the NYSE Amex under the ticker symbol "TAT." Prior to this, the Company's common shares were traded on the OTC Bulletin Board under the ticker symbol "TATPF."

Matt McCann, the Company's CEO, commented, "We are pleased to move onto the NYSE Amex, where we believe our investors will enjoy greater liquidity. The Company will continue to trade its common shares on the Toronto Stock Exchange as well."

"We welcome TransAtlantic Petroleum to NYSE Amex," said Scott R. Cutler, Head of Listings, Americas, NYSE Euronext. "TransAtlantic Petroleum is a welcome addition to our roster of leading energy companies. The company and its shareholders will benefit from this move, and we look forward to a strong and lasting partnership."

About TransAtlantic

TransAtlantic Petroleum Ltd. is a vertically integrated, international energy company engaged in the acquisition, development, exploration, and production of crude oil and natural gas. The Company holds interests in developed and undeveloped oil and gas properties in Turkey, Morocco, Romania, and California. Additional information about the Company may be obtained by visiting the Company's website, www.transatlanticpetroleum.com.

(NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.)

This news release contains statements regarding the liquidity of the Company's common stock, as well as other expectations, plans, goals, objectives, assumptions or information about future events, conditions, results of operations or performance that may constitute forward-looking statements or information under applicable securities legislation. Such forward-looking statements or information are based on a number of assumptions which may prove to be incorrect. In addition to other assumptions identified in this news release, assumptions have been made regarding, among other things, the ability of the Company to continue to develop and exploit attractive foreign initiatives.

Although the Company believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by the Company and described in the forward-looking statements or information. These risks and uncertainties include but are not limited to the continuing ability of the Company to operate effectively internationally, reliance on current oil and gas laws, rules and regulations, volatility of oil and gas prices, fluctuations in currency and interest rates, imprecision of resource estimates, the results of exploration, development and drilling, imprecision in estimates of future production capacity, changes in environmental and other regulations or the interpretation of such regulations, the ability to obtain necessary regulatory approvals, weather and general economic and business conditions.

The forward-looking statements or information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Contact Information