FOCUSED ON ESTABLISHED, UNDEREXPLORED PETROLEUM SYSTEMS TransAtlantic Petroleum (NYSE-MKT: TAT) (TSX: TNP) is an international oil and gas company based in Dallas, Texas Applying proven, North American technology to known…
OPERATING COUNTRIES FISCAL TERMS TURKEY 12.5% royalty, no production tax VAT exempt on exploration licenses, refunded on production leases Pro-business and respect for rule of law…
THE COMBINED COMPANY Merger with Stream Oil & Gas 5
STREAM TRANSATLANTIC MERGER Substantial intrinsic value created by merging companies Value driven by reserves and cash flow YE 2013 Reserves1 TAT + SKO P1 33 MMBOE P2 65 MMBOE P1 PV-10 US979 MM P2 PV-10 US1,660 MM Shares 41.3…
STREAM TRANSATLANTIC MERGER Merger will result in an experienced, diversified oil and gas company Assets in each phase of property life cycle Advantages of scale together, expect to grow beyond 10,000 BOEPD much sooner Management is…
ADVANTAGES OF COMBINED COMPANY Geographical diversification presence in three countries Geological variation production in several basins Balanced oil and natural gas portfolio Broader base of production will result in less impact…
OIL ASSETS Top Value Generators YE 2014 1. elmo Field, Turkey 2. Molla Area, Turkey 3. Gorisht-Cakran-Ballsh, Albania 4. Idil Prospect, Turkey Expected Top Value Generators YE 2016 1. Gorisht-Cakran-Ballsh, Albania 2. Molla Area, Turkey…
SOUTHEASTERN TURKEY 19 WELLS DRILLED/SPUDDED YEAR-TO-DATE 385,000 net acres (156,000 hectares) in southeast Turkey, area is mostly oil, except Bakuk structure 350,000 acres (142,000 hectares) of proprietary 3D seismic in SE…
SOUTHEASTERN TURKEY TARGETS Multiple pay zones available for vertical and horizontal development elmo field producing zone Gksu field target Gksu: 5,500 ft Bahar: 7,400 ft PALEOZOIC Bahar field target PERMIAN Bahar:…
ELMO FIELD elmo is a case study for TransAtlantics objectives and abilities (100% WI) Large, legacy carbonate reservoir, discovered 1964, second largest oil field in Turkey OOIP 600-800 MMBO, current recovery 11-15% Purchased in…
ELMO FIELD - 3D SEISMIC CROSS SECTION US_VK Upper_Sinan US Geophysical team has recently determined how seismic attributes point to oil US_VK Upper_Sinan US locations, giving us the ability to drill in more precise…
ELMO FIELD DEVELOPMENT DRILLING Implemented horizontal drilling for the first time in elmo field in 2013 Targeting undrained Middle inan Dolomite (MSD) zone (1,600m/5,250 vert. depth) New wells IP up to 700 BOPD; 30 locations…
ELMO FIELD SECONDARY RECOVERY Commenced secondary recovery in elmo in 2014 Converting four-six wells to injection in 2014 as part of waterflood pilot test Injecting polymer to increase production; initial five wells delivered +250…
MOLLA AREA 3D HIGHLIGHTS PROSPECTS 278,000 acres (113,000 hectares) of proprietary 3D seismic over the Molla area Gross production is 1,400 BOPD within 4,300 acres (1,740 hectares) Only 2.2 MMBOE of reserves booked on 10 producing…
MOLLA AREA 3D SEISMIC CROSS SECTION Note the strength of the reflectors for the Bedinan across the prospect areas relative to the non-prospect areas Dada C C 18
ALBANIAN OIL FIELDS Gorisht Field Cakran Field Discovered 1965, 25,000 BOPD peak Discovered 1978, 6,000 BOPD peak 13 16 degree API 14 37 degree API, condensates 53 degree API 3,000 net acres (1,214 hectares) 6,000 net acres (2,428…
ALBANIAN ASSETS HAVE SIGNIFICANT POTENTIAL Many existing wells have only penetrated 6-15m / 20-50 of the pay zone, which may be as large as 610m / 2,000 thick Oil fields are structurally trapped carbonate reservoirs, like…
ALBANIA OIL GROWTH PLAN In each of the three Albanian oil fields (Gorisht, Cakran, Ballsh) we plan to deepen, core and log two wells in 2015 Will core to the oil-water contact to create a petrophysical model Developing the fields…
ALBANIA PRECEDENT: BANKERS PETROLEUM Bankers signed a concession for the Patos-Marinza oil field in 2004; grew the asset from 400 BOPD to more than 20,000 BOPD over a ten-year period Development included reactivations, horizontal…
IDIL PROSPECT, SOUTHEASTERN TURKEY Drilling near 1950s Getty well that tested oil; same geology as Kurdish and Syrian fields Two anticlines to West, both expected gas (including Bakuk field, 50% WI) Onshore Petroleum (ex-DNO)…
NATURAL GAS ASSETS Top Value Generators YE 2014 1. Thrace Basin, Turkey 2. Bakuk Field, Turkey 3. Delvina Field, Albania 4. Koynare Concession, Bulgaria Expected Top Value Generators YE 2016 1. Delvina Field, Albania 2. Thrace Basin,…
THRACE BASIN, NORTHWESTERN TURKEY 10 WELLS DRILLED/SPUDDED YEAR-TO-DATE 804,000 net acres (325,000 hectares) in Northwest Turkey, area mostly gas 877,000 acres (355,000 hectares) of proprietary 3D seismic in northwest Turkey Gerler…
THRACE BASIN CONVENTIONAL DRILLING NORTHWESTERN TURKEY Shot 58,000 acres (23,000 hectares) of 3D seismic in the Osmanl area (41.5% WI) in Q4 2013; drilling a campaign of conventional, vertical appraisal wells using seismic leads Plan…
THRACE BASIN HORIZONTAL DRILLING NORTHWESTERN TURKEY Horizontal drilling campaign in Tekirda area targeting Mezardere and Teslimkoy formations (41.5% WI) Average IP30: 1.6 MMCFPD HZ well 5: TDR-11H HZ well 2: BTD-4H HZ well 4:…
BAKUK FIELD, SOUTHEASTERN TURKEY Gas discovery on Bakuk block in 2010 (50% WI); Bakuk-1 well tested 10 MMCFPD Built 14-mi (23-km) 6-inch pipeline to the south; limited local gas sales since 2011 28
DELVINA GAS FIELD, ALBANIA One of the largest gas structures in southeast Europe Discovered 1987 60,000 net acres (24,000 hectares) covering Delvina and three undrilled structures Gas condensate, 63 degree API Depth: 2,800…
DELVINA FIELD GROWTH PLAN Delvina is a proven gas condensate field Will finish drilling the D-34 well and complete it with a multi-stage stimulation Plan to drill one well on an adjacent structure in 2015 Significant gas condensate…
BULGARIA EXPLORATION 15,600 acres (6,300 hectares) of proprietary 3D seismic in Bulgaria Deventci-R2 (50% WI) tested 2 MMCFPD with condensate after perforation in early 2014 New Bulgarian government in place Requested approval to…
MARKET PERFORMANCE & TRANSACTION VALUE 32
TAT HAS TRADED IN-LINE WITH PEERS Oils decline over the past three months has adversely impacted the sector TransAtlantics price also impacted by equity offer for Stream will Stream investors hold or sell TAT shares TransAtlantic…
STREAM TRANSATLANTIC MERGER Merger will result in an experienced, diversified oil and gas company Assets in each phase of property life cycle Advantages of scale together, expect to grow beyond 10,000 BOEPD much sooner Management is…
CONTACT Taylor Beach Director of Investor Relations (214) 265-4746 Taylor.Beachtapcor.com www.TransAtlanticPetroleum.com 35
MANAGEMENT TEAM Name Position Select Experience Founded Riata Energy (renamed SandRidge, NYSE: SD) N. Malone Mitchell 3rd Chairman & CEO and built it to 1 TCF proved reserves, 43 rigs operated; founded Longfellow Energy; owns 40% of…
HIGH QUALITY 3D SEISMIC Significant amount of proprietary 3D seismic, all of which has been expensed Area Kms2 Miles2 Acres Hectares Northwest Turkey 3,548 1,370 876,730 354,800 Southeast Turkey 1,417 547 350,148 141,700 Bulgaria…
PV-10 RECONCILIATION The PV-10 value of the estimated future net revenue are not intended to represent the current market value of the estimated oil and natural gas reserves we own. Management believes that the presentation of PV-10,…
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