TransAtlantic Petroleum Ltd. is pleased to provide the following update regarding its plans to acquire Thrace Basin Natural Gas, its current operations, and its plan to file financial statements for the quarter ended September 30, 2010.

For the quarter ended September 30, 2010 our net production, after royalty, was 177,755 barrels of oil at an average rate of 1,932 net barrels per day and 514,179 thousand net cubic feet of natural gas at an average rate of 5,588 thousand net cubic feet per day. Net oil production increased in the third ...