TRANSATLANTIC PETROLEUM LTD. (TSE:TNP) Files An 8-K Completion of Acquisition or Disposition of Assets

Item 2.01 Completion of Acquisition or Disposition of Assets.

On February 24, 2017, TransAtlantic Petroleum Ltd. (the Company)
sold its wholly-owned subsidiary Thrace Basin Natural Gas
(Turkiye) Corporation for gross proceeds of $20.9 million, and
approximate net cash proceeds of $16.3 million, effective as of
March 31, 2016.The purchase price is subject to post-closing
adjustments, and the Company has agreed to escrow $3.1 million of
the purchase price for 30 days to satisfy any agreed upon
purchase price adjustments.

The Company used $2.7 million of the net proceeds from the sale
to pay off its promissory note (as amended, the ANBE Note) with
ANBE Holdings, L.P., an entity owned by the adult children of the
Companys chairman and chief executive officer, N. Malone
Mitchell, 3rd, and controlled by an entity managed by Mr.
Mitchell and his wife. to the terms of the ANBE Note, the Company
was required to repay the ANBE Note in full within five business
days from the closing of the sale of TBNG.

Item 2.02Results of Operations and Financial Condition.

On February 28, 2017, the Company posted its March 2017 Enercom
Dallas oil and gas conference presentation to its website at
www.transatlanticpetroleum.com. A copy of the presentation is
attached as Exhibit 99.1 to this Current Report on Form 8-K.

The information in Item 2.02 of this Current Report on Form 8-K,
including Exhibit 99.1 attached hereto, is being furnished and
shall not be deemed filed for the purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the Exchange Act),
nor shall it be deemed incorporated by reference in any filing of
the Company under the Securities Act of 1933, as amended, or the
Exchange Act, whether made before or after the date hereof,
except as shall be expressly set forth by specific reference to
Item 2.02 of this Current Report in such filing.

Item 7.01Regulation FD Disclosure.

On February 28, 2017, the Company posted its March 2017 Enercom
Dallas oil and gas conference presentation to its website at
www.transatlanticpetroleum.com. A copy of the presentation is
attached as Exhibit 99.1 to this Current Report on Form 8-K.

Item 8.01Other Events.

Declaration of Cash Dividend on Series A Preferred Shares

On February 28, 2017, the Companys Board of Directors declared a
cash dividend of $1.50 per outstanding share of the Companys
12.0% Series A Convertible Redeemable Preferred Shares payable on
March 31, 2017 to holders of record at the close of business on
March 15, 2017 for the period from January 1, 2017 to March 31,
2017.

Item 9.01Financial Statements and Exhibits.

(b) Pro Forma Financial Information

Attached as Exhibit 99.2 hereto and incorporated by reference
herein are the following unaudited pro forma condensed
consolidated financial statements of the Company:

(d) Exhibits.

About TRANSATLANTIC PETROLEUM LTD. (TSE:TNP)

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. (TSE:TNP) Recent Trading Information

TRANSATLANTIC PETROLEUM LTD. (TSE:TNP) closed its last trading session 00.00 at 1.48 with 702 shares trading hands.