TRANSATLANTIC PETROLEUM LTD. (NYSEMKT:TAT) Files An 8-K Other Events

Item 8.01Other Events.

Optional Partial Redemption of 2017 Notes

On November 22, 2016, TransAtlantic Petroleum Ltd. (the Company)
sent a Partial Redemption Election Notice to U.S. Bank National
Association, as trustee (the Trustee), electing to effect an
optional redemption of $4,275,000 in aggregate principal amount
of the Companys outstanding 13.0% Convertible Notes due 2017
(CUSIP Nos. 89355Y AA7 and 89355Y AB5) (the 2017 Notes), at a
cash redemption price equal to 100.00% of the principal amount
thereof plus accrued and unpaid interest thereon to the
redemption date of January 1, 2017 (such date, the Redemption
Date) (such amount, the Redemption Amount).

Interest on the 2017 Notes called for redemption will cease to
accrue on and after the Redemption Date.If permitted by Article V
of the Indenture, dated as of February 20, 2015, between the
Company and the Trustee (the Indenture), holders of 2017 Notes
may convert their 2017 Notes into the Companys common shares
prior to the Redemption Date.

The Indenture provides that the 2017 Notes must be surrendered to
the paying agent in order to collect the Redemption Amount.For
2017 Notes that are evidenced only in book-entry form (Book-Entry
Notes) on the records of the Depository (as defined in the
Indenture), payment of the Redemption Amount will be made without
requiring presentation of the 2017 Notes.For 2017 Notes in
physical form, the holder must surrender the 2017 Notes to the
paying agent in order to collect the Redemption Amount and
receive a new 2017 Note for the unredeemed portion.

A Notice of Optional Partial Redemption will be sent to the
registered holders of the 2017 Notes on or before December 2,
2016 in accordance with the requirements of the Indenture. A copy
of the Notice of Optional Partial Redemption is attached to this
Current Report on Form 8-K as Exhibit 99.1 and is incorporated
herein by reference.

Declaration of Cash Dividend on Series A Preferred Shares

On November 29, 2016, the Companys Board of Directors declared a
cash dividend of $0.966667 per outstanding share of the Companys
12.0% Series A Convertible Redeemable Preferred Shares payable on
December 31, 2016 to holders of record at the close of business
on December 15, 2016 for the period from November 4, 2016 to
December 31, 2016.

Item 9.01Financial Statements and Exhibits.

(d) Exhibits.

About TRANSATLANTIC PETROLEUM LTD. (NYSEMKT:TAT)

TransAtlantic Petroleum Ltd. is a holding company. The Company is an international oil and natural gas company engaged in acquisition, exploration, development and production. Its segments include Turkey and Bulgaria. The Company holds interests in approximately 880,000 and 567,000 net acres of developed and undeveloped oil and natural gas properties in Turkey and Bulgaria, respectively. The Company holds interests in over 20 onshore and offshore exploration licenses and approximately 25 onshore production leases covering a total of over 1.4 million gross acres in Turkey. All of its oil production is concentrated in southeastern Turkey, primarily in the Arpatepe, Bahar, Goksu and Selmo oil fields, and its natural gas production is concentrated in the Thrace Basin, which is located in northwestern Turkey near Istanbul. The Company holds interests in an onshore exploration license and an onshore production concession covering a total of approximately 567,110 acres in Bulgaria.

TRANSATLANTIC PETROLEUM LTD. (NYSEMKT:TAT) Recent Trading Information

TRANSATLANTIC PETROLEUM LTD. (NYSEMKT:TAT) closed its last trading session down -0.056 at 0.896 with 54,689 shares trading hands.