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HAMILTON,
The Offering will be priced in the context of the market with the final terms of the Offering to be determined at the time of pricing. The net proceeds of the Offering will be used towards the Corporation's 2010 capital expenditure program and for general corporate purposes.
The Common Shares will be sold publicly in
This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the
This news release is directed at and is only being distributed in the
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 Corporation holds interests in developed and undeveloped oil and gas properties in
(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, including statements regarding the proposed use of proceeds of the Offering, 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. Assumptions have been made regarding, among other things, the ability of the Corporation to continue to explore and develop its foreign initiatives.
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: 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
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