TransAtlantic Petroleum (TAT) 8-K Applying old lessons to new frontiers

Permian Basin, TX ‘38

SE Basin, Turkey ‘11

Applying old lessons to new frontiers

January 11

Exhibit 99.1

Disclaimer

Forward-Looking Statements

Outlooks,

projections,

estimates,

targets,

and

business

plans

in

this

presentation

or

any

related

subsequent

discussions

are

forward-looking

statements.

Actual

future

results,

including

TransAtlantic

Petroleum

Ltd.’s

own

production

growth

and

mix;

financial

results;

the

amount

and

mix

of

capital

expenditures;

resource

additions

and

recoveries;

finding

and

development

costs;

project

and

drilling

plans,

timing,

costs,

and

capacities;

revenue

enhancements

and

cost

efficiencies;

industry

margins;

margin

enhancements

and

integration

benefits;

and

the

impact

of

technology

could

differ

materially

due

to

a

number

of

factors.

These

include

changes

in

long-term

oil

or

gas

prices

or

other

market

conditions

affecting

the

oil,

gas,

and

petrochemical

industries;

reservoir

performance;

timely

completion

of

development

projects;

war

and

other

political

or

security

disturbances;

changes

in

law

or

government

regulation;

the

outcome

of

commercial

negotiations;

the

actions

of

competitors;

unexpected

technological

developments;

the

occurrence

and

duration

of

economic

recessions;

unforeseen

technical

difficulties;

and

other

factors

discussed

here

and

under

the

heading

“Risk

Factors"

in

our

Annual

Report

on

Form

10-K

for

the

year

ended

December

31,

2009

and

our

Quarterly

Reports

on

Form

10-Q

for

the

quarters

ended

March

31,

2010,

June

30,

2010

and

September

30,

2010

available

at

our

website

at

www.transatlanticpetroleum.com

and

www.sec.gov.

See

also

TransAtlantic’s

2009

audited

financial

statements

and

the

accompanying

management

discussion

and

analysis.

Forward-

looking

statements

are

based

on

management’s

knowledge

and

reasonable

expectations

on

the

date

hereof,

and

we

assume

no

duty

to

update

these

statements

as

of

any

future

date.

The

information

set

forth

in

this

presentation

does

not

constitute

an

offer,

solicitation

or

recommendation

to

sell

or

an

offer

to

buy

any

securities

of

the

Company.

The

information

published

herein

is

provided

for

informational

purposes

only.

The

Company

makes

no

representation

that

the

information

and

opinions

expressed

herein

are

accurate,

complete

or

current.

The

information

contained

herein

is

current

as

of

the

date

hereof,

but

may

become

outdated

or

subsequently

may

change.

Nothing

contained

herein

constitutes

financial,

legal,

tax,

or

other

advice.

2

Introduction to

Chairman Malone Mitchell, A Best-In-Class Operator

‘85

‘91

‘94

‘08

‘06

Malone Mitchell 3

rd

founded Riata

Energy with $500

Acquired interest in Pakenham

Field (West Texas). Birth of vertical integration.

After drilling 34 wells, sold Pakenham

Field to Chevron for $97mm

Purchased >200,000 prospective acres in Pinon

Field

Refined vertical integration strategy

Mr. Mitchell sold controlling stake to Chesapeake Energy (NYSE: CHK) Co-

Founder for $500mm. Riata

Energy is renamed SandRidge

Energy (NYSE: SD). 

Mr. Mitchell & Family sold an additional $500mm stake in SandRidge

(NYSE: SD)

’99 –‘06

‘95

Vertical Integration –

“We’ve Done This Before”

Survived and Thrived In Many Cycles

WTI $/bbl

EOT

Built prior company (Lariat Services)

to:

$175mm in assets

$139mm in 3rd

party sales

$33mm in 3rd

party net income

Key takeaways:

Lower cost / stretches dollars

Boost operational flexibility

Profit from 3

rd

party work

* Page F38, ‘08 SandRidge

Energy (NYSE: SD)  Annual Report

Zorlu

3

Capitalize Good Ideas

TransAtlantic

Prepared For Growth

Mr. Mitchell and former Riata

Energy executive Mr. Matthew McCann are

appointed Chairman and Director, respectively

Acquired rigs & equipment. Vertical integration begins.

Acquired production and reserves when oil was < $40/bbl

Raised CDN $162mm @ CDN $1.65

Acquired Energy Operations Turkey, LLC (Paleozoic Trend)

Raised CDN $115mm  @ CDN $2.35

Appointed Gary Mize as Chief Operating Officer (President in June)

Closed acquisition of Zorlu’s

E&P operations

First Fracture Stimulation in Thrace Basin

Raised US $85mm common equity @ US $2.80

Option to acquire Thrace Basin Natural Gas Turkiye

Corporation and Pinnacle

Turkey Inc.

Equity invested (US)     

$192 mm

Common share ownership

159.0 mm

Ownership                                   47%

Loans to company                      ~$82 mm

Commitment to Execute

Ownership includes Mitchell Group & associates

Excludes 296,666 of open market purchases and option exercises.

Mr. Mitchell does not have voting or investment control over

shares held by associates.

Mar 09

Jun 09

Apr 08-

May 08

Dec 08

Jul 09

Nov 09

Aug 10

Jan 10

Oct 10

Exchange / Ticker

NYSE-AMEX / TAT

Toronto / TNP

Market Capitalization

(1)

$1.12 billion

Shares outstanding

(2)

Float

336.34 MM

189.82 MM

Shareholder Breakdown

Institutional:

Retail:

Directors & Officers:

27%

24%

49%  

52-week

High

Low

$4.10

$2.43

Average volume

(3 months)

852,652

(1)

As of January 3, 2011closing stock on the NYSE-AMEX price $3.32

(2)

As of 9/30/10

Oct 10

5

Nov 10

Why Turkey?

6

Royalty

12.5%

Tax

20.0%

Investment in Turkey

increasing:

Chevron

Exxon

Petrobras

-

100

200

300

400

500

600

700

800

'91

'92

'93

'94

'95

'96

'97

'98

'99

'00

'01

'02

'03

'04

'05

'06

'07

'08

09

Crude Oil

Consumption

vs. Production

000

BOPD

-

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

'91

'92

'93

'94

'95

'96

'97

'98

'99

'00

'01

'02

'03

'04

'05

'06

'07

'08

'09

Natural Gas Consumption vs.

Production

Turkey imports >70%

of its gas consumption

from Russia

Gas priced at ~$8/mcf

Known petroleum

systems and attractive

geology

Opportunity for

modern technology to

make a difference

No stimulation history

Becoming Turkey’s Best Public

Oil & Gas Company

Introduction to

Thrace Basin

Prolific Tertiary gas basin,

Turkey’s most productive

onshore gas province

Approximately 1MM acres

Conventional and unconventional

gas

Over 1,500 sq. km of 3D seismic

Tight sand structures very

suitable for fracture stimulation

Located Northwest Industrial

Corridor of Turkey

Contains numerous re-entry

opportunities of old “show wells”

Marmara Sea

8

Includes Application Acreage and acreage held by TBNG/PTI

Thrace Basin

10

Fracture stimulation program

underway

Successfully frac’d

first well

Technology delivers value

Deep Inventory of Re-entries,

which set up full scale

development

Net production 10

mmcf/d

Additional production of

10mmcf/d awaiting

connection to a pipeline

(most early Q1)

Conventional -

Upside

Deep prospects with

large structural closures

Extension of shallow gas

play with 3D

In fill opportunity

Prospect inventory

building

Joint Venture  Block

with TPAO (National Oil

Company of Turkey )

Successfully

fractured

stimulated

Kepirtepe-1

well

with

an

initial

flow

rate

of

approximately

4.0 mmcf/d

Thrace Unconventional Gas

Fracing

Unlocks The Potential

11

N –

S Regional Cross-Section

of Western Thrace Basin

N

Thick sedimentary basin with tremendous upside from

fracture stimulation of tight sands and “show wells”

Reservoirs

Hamitabat

(3500-4500 m)

Ceylan

(3000-4000 m)

Mezardere

(2000-3500 m)

“Tuffs”

(found throughout Mezardere

& Ceylan)

Thrace Basin Formations

Unconventional Gas Play:

Potential in the Mezardere

12

Isopach

contour interval = 500 m

Maturation contour interval = 0.2%

MEZARDERE(for

licence#3791)

Poro:

0.06

Sw:

0.5

Pay:

250

ft

D:

2,100

m

6,900 ft

P:

3,400

psi

T:

190

oF

40

BCF/Section

Potential Gas in

Place in Mezardere

Calculations are based on the area below:

Area:

640

acres

Unconventional Gas Play: Drillable Structures

in the Hamitabat

and Mezardere

13

HAMITABAT (for licence#4861)

Poro:

0.06

Sw:

0.5

Pay:

250

ft

D:

4,600

m

15,100 ft

P:

7,500

psi

T:

350

oF

55

BCF/Section

Potential Gas in

Place in Hamitabat

Calculations are based on the area below:

Area:

640

acres

Introduction to

Southeast Turkey

Paleozoic Trend

Syrian Trend

Selmo

TransAtlantic

Application

14

Bakuk

History

Discovered by Mobil in 1964

and located near the prolific

Zagros fold belt, which

encompasses the oil fields of

Iran and Iraq

Second largest oil field in

Turkey (by cumulative

production) and is estimated

to have greater than 600

mmbls

of oil in place, with ~

85 mmbls

produced to date.

API of 34°

15

Selmo

Oil Field (100% Interest)

Upside Opportunity –

2P reserves:  19.7mmbls (1)

Vertically integrated to reduce

costs by half

Wells now cost < than $1 mm

Directional tools will enable us to

drill from pads (Feb ‘11)

Fraced

S-57 in MSD with positive

results

Current

production

2,400 Bopd

(1) -

DeGolyer

& MacNaughton

Reserve Report, effective 12/31/09

64

57

70

Wells drilled or drilling

Next wells to be drilled

KEY:

Selmo

Pay

Zone

Feet

Description

MSD

75

Dolomite

LSL

250

Limestone

LSD

75

Dolomite

72

69

62

58

52

53

51

61

Flowed

450bopd

54

45 ST

49

56

60

71

68

44

ST:

Good

potential

from

MSD

&

Top

LSL

horizons.

SWEET

SPOT:

Good

potential

from

MSD

&

Top

LSL

horizons.

.

Eastern Flank: Producing

horizons limited to MSD

and very upper part of

LSL only.

Northern Flank:

•

Under developed

•

Good well spacing area

•

55 Targeting complete

MSD and LSL horizons.

Western Flank: Focus Area

•

Good well spacing, under developed

•

Low BS+W area

•

Targeting, LSL & LSD Horizons

•

Completions improved by utilizing

TA’s own equipment

MSD Depth Structure

48

56

71

S57-First

Frac

of MSD

Paleozoic Trend:

Bedinan

Sandstone

Paleozoic Trend Unconventional

Potential: Dadas Shale

core-I taken 8330-8353’

in Dadas-I member.

TOC   7 to 9% (in Goksu Core) 3.5% Avg.

Thickness

50m to 145m

Porosity 0.5-6% (average 3%)

Maturity shows oil/gas window at Goksu

17

Will frac Goksu-1 Jan 2011

Directional tools available Feb 2011

3D Seismic Area

18

Bakuk-101

Syrian Trend Area

Bakuk

Gas Discovery

TransAtlantic

50%

No oil leg found in re-entry of

Bakuk-2

Gas Pipeline to South and North

(construction underway to the

South) almost complete (first sale

Q1)

3D acquired on S. Bakuk

Bakuk

Structural Model

SURFACE ELEVATION

Bakuk Surface Elevation

Bakuk-1

Bakuk-101

19

~ 25,000 acres

Karaca Anticline

Alpha

Akcadag Anticline       

Beta

Potential

Exploration

Targets

2D Seismic

Exploration Pipeline

Prospects and Leads at Malatya Basin

Underexplored Tertiary Basin

Four Surface Anticlines

2D Seismic Shooting

Exploratory Well Planned

20

Syrian Trend Exploration

Midyat

21

•

Green

lines are 2010 2D program;

•

Red

is Test Spread on Line 3

•

Yellow ellipses are Gravity Anomalies

(potential structures) from 2009

Gravity Survey

•

’83-vintage Line HTM-8395 shown  

in orange

•

Now drilling stratagraphic

test

Romania Exploration

22

COYOTE  TREND

Gas Prone

Gas Prone

Bulgarian Jurassic Oilfields

Oil Prone

Oil Prone

TransAtlantic’s

Acreage: 1.4 million gross / 0.7 million net

Coyote / Wolf                   

(Jurassic oil play)

Large resource potential

in shale gas play

2011 plan being

developed

Shale well planned

“Summer 2011”

Shale Potential

Morocco

23

Basin

Structures

(numerous

gas fields)

Oil

Oil Trend

3D

Atlantic Ocean

TransAtlantic’s

Acreage: 4.2 million gross / 2.5 million net

East Area

Basin

Structures

Gas Pipeline

Thrusted

Structures

West Area

Meknes

Mediterranean

Oil fields

3D

Rabat

Spain

Recent

discoveries

HKE-1

Asilah

(GRB-1) now drilling

Ouezzane-Tissa

HKE-1 being completed

Tselfat

–

3D defined prospects

Successful completion of HR-33

bis

(first sales Jan 5th)

Asilah

GRB -1 now drilling

2011 plan being developed

HR-33 bis

Viking

International

“We’ve Done This Before”

25

Packenham

Field

Grew production

from 40 mcf/d

to

30,000 mcf/d

Pinon

Field

’85                                       ’90                                      ’95                                      ’00                                      ’05                                     ‘10

Riata

Energy

Malone Mitchell 3rd

founded Riata

Energy with $500

TransAtlantic

Established

new vision

Vertical Integration Strategy

Since beginning our vertical integration strategy with a single tubing

trailer, we’ve constructed over 50 rigs and drilled thousands of wells

We’ve Done This Before –

Encore

Development

Maximizing returns by reducing drilling and operating costs

Pursuing projects that permit development from existing cash flow, without the

need to tie up excessive capital “building reserves”

Exploration

Prioritizing opportunities, balancing risk with reward and near-term with longer-term

projects, resulting in advancing projects with asymmetric upside

Working to reduce costs by utilizing our own equipment, planning

for “scale,”

and

partnering out risk

Joint Venture Opportunities

Seek to lower risk and accelerate activity

Expand our opportunities

GOAL

Create a fully funded, international, vertically integrated E&P company

26

28

Thank You

Appendix

Turkey’s Energy Profile

Area

783,562 km²

Comparative Area

Slightly larger than Texas

‘09 Population Est.

76.8 million

’09 GDP (Nominal)

$617.1 billion

Fitch Sovereign

BB, with positive outlook

Risk Rating

’09 Proved Reserves

0.3 billion BBLS / 300 BCF

‘09 Daily Consumption

580k BOPD /  3.39 BCF/d

‘09 Daily Production

53k BOPD /  .10 BCF/d

‘09 Gas Import Partners  Russia (74%), Iran (21%)

Royalty    

12.5%

Tax

20%

Gas is currently priced at ~ $8/MCF, BOTAS

Oil is sold at world market prices

Investment in Turkey increasing:

Source: IEA, CIA -

The World Fact Book, and IHS

Crude Oil Consumption vs. Production

000

BOPD

BCF/d

Natural Gas Consumption vs. Production

29

Exxon Mobil

Petrobras

Chevron

’09 Average BOPD

Consumption   580k

Production

53k

Net Imports

527k

’09 Average BCF/d

Consumption   3.39

Production

.08

Net Imports

3.29

Romania’s Energy Profile

Area

238,391 km²

Comparative Area

Slightly larger than Oklahoma

‘09 Population Est.

22.2 million

’09 GDP (Nominal)

$161.5 billion

Fitch Sovereign

BB+ with stable outlook

Risk Rating

‘09 Proved Reserves

0.6 billion BBLS / 2.2 BCF

‘09 Daily Consumption

214k BOPD /  1.63 BCF/d

‘09 Daily Production

117k BOPD /  1.10 BCF/d

Royalty

3.5% -

13.5% (oil)

3.0% -

13.0% (gas)

Tax

1-year tax holiday, then 16%

Oil is sold at world market prices

Gas is deregulated; priced at 80% of imported price (Gazprom)

Source: IEA, CIA -

The World Fact Book, and IHS

30

Crude Oil Consumption vs. Production

000

BOPD

EU Member

Natural Gas Consumption vs. Production

BCF/d

’09 Average BCF/d

Consumption   1.63

Production

1.10

Net Imports

0.53

’09 Average BOPD

Consumption   214k

Production

117k

Net Imports

97k

Morocco’s Energy Profile

Source: IEA, CIA -

The World Fact Book, and IHS

Area

446,550 km²

Comparative Area

Slightly larger than California

‘09 Population Est.

31.3 mm

’09 GDP (Nominal)

$88.9 billion

Fitch Sovereign

BBB-

with stable outlook

Risk Rating

‘09 Proved Reserves

750k BBLS / 53 BCF

‘09 Daily Consumption

187k BOPD

‘09 Daily Production

0.5k BOPD

Royalty

10% (oil), 5% (gas)

Tax

10-year tax holiday, then 30%

Oil is sold at world market prices

Gas is deregulated for end user sales, regulated if sold to

the Moroccan government  for power generation

Onshore

Drilling

History

–

Morocco

Is

Underexplored

31

Crude Oil Consumption vs. Production

Wells

168

105

74

75

14

26

’09 Average BOPD

Consumption  187.0k

Production

0.4k

Net Imports

186.6k

BOPD

0000

Proven Management Team

32

Name & Title

Age         Years Exp.

Experience

Malone Mitchell

Chairman

Matt McCann

Chief Executive Officer

Gary Mize

President

Scott Larsen

Executive Vice President

Hilda Kouvelis, CPA

Chief Financial Officer

25

15

35

25

25

49

42

57

57

46

’85 -’06, built Riata

Energy into one of the largest privately held energy companies in the US

‘06, sold controlling stake in Riata, which was later renamed SandRidge

Energy (NYSE: SD)

Founded Mitchell Group in early ‘07, which includes Longfellow Energy and Riata

Management

Prior to involvement with Riata

Energy and Mitchell Group, Mr. Mitchell worked in the oil field

services industry and was employed with his family's ranching and aviation businesses

B.S., Oklahoma State University

Appointed CEO and Board Member in ’08

General Counsel for Riata

Management since ’07

Vice President, Legal & Corporate Secretary for SandRidge

Energy (NYSE: SD), ‘05-’07

General Counsel for Riata

Energy, ‘01-’05

Represented Riata

Energy while practicing law with Sprouse, Smith & Rowley, P.C., ‘95-’01

B.S. in Business Administration, University of Vermont; J.D. from Oklahoma University

Appointed President in ’10

Previously Executive Vice President for Manti Resources ‘94-’09

From ’74-’94, worked for Exxon in a multitude of capacities including manager of Exxon's

onshore

gas

production,

and

finally

as

the

Technical

Manager

for

all

engineering

and

geosciences for the South East division. 

B.S. in Petroleum Engineering from Oklahoma University

Appointed to Board in ’05

Previously

Vice

President

of

Operations

‘02-’04;

CEO

’04-’08;

focused

on

International

since

‘94

Former General Counsel to Humble Exploration Company

Former Partner at Vineyard, Drake & Miller

B.A. in Biology, Rutgers University; J.D. from Rutgers Law School

Appointed Vice President and CFO in ‘07

Majority of her career at FINA Inc. in various capacities including Controller and Treasurer; 

Financial Controller for international operations PetroFina

S.A.,‘98-’00

MBA in Corporate Finance & Investment Analysis, University of Texas at Dallas; B.B.A. in 

Accounting, Angelo State University

Research Links

TransAtlantic

Petroleum Ltd.

http://www.transatlanticpetroleum.com

SEC Filings (sign up for alerts)

http://ir.transatlanticpetroleum.com/sec.cfm

Investor Presentation (.pdf

download)

http://www.transatlanticpetroleum.com/s/Presentation.asp

Fact Sheet (.pdf

download)

http://www.transatlanticpetroleum.com/s/FactSheet.asp

Analyst Coverage

http://www.transatlanticpetroleum.com/s/Analysts.asp

Events

http://www.transatlanticpetroleum.com/s/Events.asp

FAQ

http://www.transatlanticpetroleum.com/s/StockInfo.asp

Viking International Limited

http://www.viking-intl.com

TransAtlantic

Turkey

http://www.transatlanticpetroleum.com/s/Turkey.asp

Photo Gallery

http://www.transatlanticpetroleum.com/s/TurkeyPhotoGallery.asp

Country Profile Links                                     

http://www.transatlanticpetroleum.com/s/CountryProfile.asp

TransAtlantic

Romania

http://www.transatlanticpetroleum.com/s/Romania.asp

Photo Gallery                                            

http://www.transatlanticpetroleum.com/s/RomaniaPhotoGallery.asp

Country Profile Links                                  

http://www.transatlanticpetroleum.com/s/CountryProfile.asp

TransAtlantic

Morocco

http://www.transatlanticpetroleum.com/s/Morocco.asp

Photo Gallery                                                

http://www.transatlanticpetroleum.com/s/MoroccoPhotoGallery.asp

Country Profile Links                                   

http://www.transatlanticpetroleum.com/s/CountryProfile.asp

33

34

Viking Turkey

Drilling

Services

&

Equipment

(by

name

and

depth

capacity)

Cementing Equipment

Completion Units

Well Test Units

Mud Logging

Mobile Underbalanced

Drilling

Units

(20,000

hp)

Nitrogen Units

Acid Stimulation

Fracture Stimulation

Heavy Dirt & Construction Equip.

Cased Hole Wireline

* Managed under contract

4,000m

7,000m*

7,000m*

4,000m

4,000m

2,500m

2,000m

I-17

Zorlu

Rig

35

Viking Morocco

Drilling Services & Equipment

o

Rig

I-7

o

Depth capacity (ft) 6,500

o

Drill pipe size 3 ½

“

o

Horsepower 530

o

Rig

I-8

o

Depth capacity (ft) 13,000

o

Drill pipe size 4 ½

“

o

Horsepower 1,300

Cementing & Mud Logging Equipment

o

2 Twin 450 Horsepower

Recirculation Pump Unit

o1

Batch Mixing Trailer

o1

Batch Mixing Skid

o2

Bulk Cement Tank Transport Truck

o4

Bulk Silos

o2

Mud Logging Units

Heavy Trucks

o

4

Haul

o

2

Rig-up

o

1

Srv. & Lube

o

5

Roadwinch

o

2

Dump

o

2

Water

o

1

Gang

Heavy Dirt Equipment

o

1

Roller

o

1

Motor Grader

o

2

Loader

o

1

Bull Dozer

o

2

Backhoe

Trailers

o

3-

50-ton Lowboys

o3

30-ton Lowboys 1

36

2 Complete Crews

Acquisition Technology

o6,200

–

Channel,

OYO

GSR

Wireless

Recording

System

(current)

Source / Survey Technology

oTigerNav

Vibrator

Guidance

Systems

oTrimble

5800

Receiver

and

Base

Units

Camp

oOffices

and

Communication

Trailers

Vehicles

oComplete

Suite

of

Support

Vehicles

and

Equipment

Haulers

Microseismic

planned