Underwriters exercise full over-allotment option



    
    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/
    

    CALGARY, June 18 /CNW/ - TransAtlantic Petroleum Corp. (the "Corporation"
or "TransAtlantic" - TNP - TSX) is pleased to announce that it has received
notice from Canaccord Capital Corporation, on behalf of the underwriters of
the Corporation's previously announced equity financing (the "Offering"), that
the underwriters have exercised their over-allotment option to purchase an
additional 7,377,300 common shares of TransAtlantic ("Common Shares"). As a
result of the exercise of the over-allotment option, the aggregate gross
proceeds to TransAtlantic from the Offering will now be approximately $162
million. The closing of the Offering, including the over-allotment option, is
expected to occur on or about June 22, 2009. Upon closing of the Offering,
including Common Shares issuable pursuant to the over-allotment option, the
Corporation will have 253,636,666 Common Shares issued and outstanding.

    This news release shall not constitute an offer to sell or the
solicitation of an offer to buy securities in the United States, nor shall
there be any sale of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful. The Common Shares offered have not
been registered under the 1933 Act, or any state securities laws and may not
be offered or sold in the United States or to a U.S. person absent
registration under the 1933 Act or an applicable exemption from the
registration requirements of the 1933 Act and applicable state securities
laws.

    ABOUT TRANSATLANTIC

    TransAtlantic Petroleum Corp. is a vertically integrated, international
energy company engaged in the acquisition, development, exploration, and
production of crude oil and natural gas. The Corporation holds interests in
developed and undeveloped oil and gas properties in Turkey, Morocco, Romania,
and California. Additional information about the Corporation may be obtained
by visiting the Corporation'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 expectations, plans or
information about future events that may constitute forward-looking statements
or information under applicable securities legislation, including the proposed
timing of closing of the Offering. Such forward-looking statements or
information are based on a number of assumptions which may prove to be
incorrect.
    Although the Corporation 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 Corporation 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 Corporation and described in the forward-looking statements or
information. These risks and uncertainties including but are not limited to
the continuing ability of the Corporation 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, the
possibility of unanticipated costs and expenses, 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 Corporation 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.





For further information:

For further information: Matt McCann, Chief Executive Officer, Scott C.
Larsen, President, Phone: (214) 220-4323; Internet:
http://www.transatlanticpetroleum.com, Address: 5910 N. Central Expressway,
Suite 1755, Dallas, Texas, 75206

Organization Profile

TRANSATLANTIC PETROLEUM CORP.

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