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TransAtlantic Petroleum Announces Open House Events in Toronto, Calgary and Vancouver to Discuss Acquisition of Stream Oil & Gas Ltd.

HAMILTON, Bermuda, Oct. 20, 2014 (GLOBE NEWSWIRE) -- TransAtlantic Petroleum Ltd. (NYSE-MKT:TAT) (TSX:TNP) (the "Company" or "TransAtlantic") today announced a schedule of open house events in Toronto, Calgary and Vancouver, Canada to discuss its acquisition of Stream Oil & Gas Ltd. ("Stream"). At the open houses, TransAtlantic's management will give a brief presentation on its properties and plan for future growth including Albania. Each presentation will be followed by a question and answer session.

Interested parties are invited to attend the following events. Please confirm your attendance with TransAtlantic's Investor Relations Director, Taylor Beach at Taylor.Beach@tapcor.com or +1 (214) 265-4746 by October 28, 2014.

Toronto Open House
Monday, November 3, 2014, 12pm EST
One King West Hotel
1 King Street West, Toronto, Ontario M5H 1A1, Canada
Lunch will be served
Calgary Open House
Tuesday, November 4, 2014, 8am MST
Fairmont Palliser Hotel
133 – 9th Avenue S.W., Calgary, Alberta T2P 2M3, Canada
Breakfast will be served
Vancouver Open House
Tuesday, November 4, 2014, 12pm PST
Fairmont Pacific Rim Hotel
1038 Canada Place, Vancouver, British Columbia, V6C 0B9, Canada
Lunch will be served

TransAtlantic anticipates that Stream will hold a special meeting of shareholders to approve the acquisition on November 12, 2014. Certain of the directors and officers of Stream and certain other shareholders representing approximately 43% of Stream's outstanding common shares, have entered into voting and support agreements pursuant to which they have agreed to vote their Stream shares in favor of the acquisition. TransAtlantic expects to close the acquisition in November 2014.

About TransAtlantic Petroleum Ltd.

TransAtlantic Petroleum Ltd. is an international oil and natural gas company engaged in the acquisition, exploration, development and production of oil and natural gas. The Company holds interests in developed and undeveloped properties in Turkey and Bulgaria.

(NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.)

Forward-Looking Statements

This news release contains statements concerning the timing of the closing of the transaction and the timing and receipt of applicable shareholder, court and third party approvals, as well as other expectations, plans, goals, objectives, assumptions or information about future events, conditions, results of operations or performance 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. In addition to other assumptions identified in this news release, assumptions have been made regarding, among other things, the timing of the closing of the acquisition and the receipt of applicable shareholder, court and third party approvals.

Although the Company 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 Company 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 Company and described in the forward-looking statements or information. These risks and uncertainties include the risks that the conditions to the acquisition will not be satisfied or the acquisition will not close on the terms expected.

The forward-looking statements or information contained in this news release are made as of the date hereof and the Company 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.

CONTACT: Taylor Beach Director of Investor Relations (214) 265-4746 TransAtlantic Petroleum Ltd. 16803 Dallas Parkway Addison, Texas 75001 (214) 220-4323 http://www.transatlanticpetroleum.com

Source:TransAtlantic Petroleum Ltd.