SOURCE: TransAtlantic Petroleum Ltd.

March 09, 2010 17:08 ET

TransAtlantic Petroleum Ltd. Announces 2009 Earnings Conference Call and Edirne Operations Update

HAMILTON, BERMUDA--(Marketwire - March 9, 2010) - TransAtlantic Petroleum Ltd. (TSX: TNP) (NYSE Amex: TAT) announced today that it has scheduled a conference call for Wednesday, March 17, 2010, at 8:30 a.m. Eastern, 7:30 a.m. Central. The purpose of the conference call is to discuss results for the Company's fiscal year ended December 31, 2009. The call will be open to the public. Instructions to access the call are located at the end of this announcement.

The Company announced today that in February it completed construction of the Edirne gas gathering system in northwestern Turkey. Before gas sales commence from the Edirne field, BOTAS, the state-owned pipeline and trading company in Turkey, must conduct a hot tap on its 14-inch main line to create the delivery point for the Company's gas. The Company is retrofitting a component to accommodate the hot tap and expects to complete the installation near the end of March with gas sales commencing shortly thereafter.

To access the conference call pertaining to the Company's fiscal year end, please contact the conference call operator at 877-878-2762, or 678-809-1005 for international calls, approximately 10 minutes prior to the scheduled start time, and ask for the TransAtlantic conference call. The pass code is 61787381. A replay will be available until 12:00 a.m. Eastern on March 25, 2010. The number for the replay is 800-642-1687, or 706-645-9291 for international calls, and the pass code is 61787381.

An enhanced webcast of the conference call and replay will be provided by and will be available through TransAtlantic's web site. To access the conference call and replay, click on "Investors," select "Events," and click on "Webcast" found below the event listing. The webcast requires Microsoft Windows Media Player or RealOne Player. If you experience problems listening to the broadcast, please contact via phone at 800-990-6397 or email at

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.

Forward-Looking Statements

This news release contains statements regarding the hot tap of a natural gas pipeline, the sale of natural gas, the timing for such hot tap and sale of natural gas, 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. If one or more of these risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected.

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.


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