TransAtlantic Petroleum Ltd. - 2010-09-28

Received commitments from investors to purchase approximately 30.4 million common shares in a registered direct offering at a purchase price of $2.80 per share, for gross proceeds of approximately $85 million. Net proceeds are estimated to be approximately $80.6 million, which will be used to pay an outstanding loan and security agreement and for general corporate purposes. Madison Williams and Co. LLC is lead placement agent and sole bookrunner, and Wunderlich Securities is co-placement agent. TransAtlantic has oil and gas operations in Turkey, Morocco, Romania and California.