Mr. Wil Saqueton reports

TRANSATLANTIC PETROLEUM ANNOUNCES PRELIMINARY FINANCIAL RESULTS FOR FIRST QUARTER OF 2013

TransAtlantic Petroleum Ltd. has released its preliminary financial results for the quarter ended March 31, 2013. The company is providing these preliminary and unaudited results in an effort to keep its shareholders informed about the performance of the company while it works to complete its quarterly report on Form 10-Q for the quarter ended March 31, 2013.

First quarter 2013 preliminary financial results

The company expects total revenues for the quarter ended March 31, 2013, to be between approximately $33-million and $37-million, as compared with $37.5-million for the quarter ended March 31, 2012.

The company expects net income (loss) for the quarter ended March 31, 2013, to be between a net loss of approximately $2-million and net income of approximately $6-million compared with a net loss of $3.6-million for the quarter ended March 31, 2012. The company cautions that the estimation of net income is preliminary and subject to change, possibly materially.

At March 31, 2013, the company had approximately $19-million in cash and cash equivalents, and approximately $40-million in long-term debt. The company expects total shareholder equity at March 31, 2013, to be between approximately $205-million and $220-million, as compared with $213.8-million as of Dec. 31, 2012.

The company cautions that all of these financial results are preliminary and subject to change, possibly materially, following the completion and analysis of the consolidated financial statements for the quarter ended March 31, 2013. The company reiterates that the above preliminary and unaudited financial information does not represent all of the information that would normally be included in a quarterly report on Form 10-Q with respect to the company's financial results.

We seek Safe Harbor.