2009-08-17-2008-05-01-2008-05-01

Farmed into 75% interest in blocks 4173 and 4174.

TransAtlantic Petroleum Corp., Calgary, (Toronto: TNP) has farmed out 75% interest in both blocks 4173 and 4174 in southeastern Turkey to an undisclosed E&P company with operations in Turkey. The company will drill an exploration well before the end of the year to test the Bedinan Ordivician formation (approximately 3,700 meters) on one of the licenses. TransAtlantic will own a 25% interest in both licenses and be carried through the costs of testing the well. If the exploration well leads to a commercial discovery, the license on the well would be converted to a 20-year production lease (extendable for a further 20 years in two 10-year increments) which would bear a 12.5% royalty.