UNDERVALUED Declines in share price and increases in intrinsic value have exaggerated value gap Deep inventory of profitable projects in current commodity environment Proven success in reserves growth Value Gap Profitable…
POSITIONED FOR FUTURE GROWTH In 2014, we demonstrated operational success and positioned ourselves for future growth. Record production and reserves growth 24% YOY Production growth, 168% 1P reserves growth (40% organic growth)…
ADAPTIVE TO CHANGE IN PRICE ENVIRONMENT We are adapting to current prices while remaining focused on value generation. Well prepared with a beneficial hedge position Value of 32 million at year end 2014 Increased liquidity…
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…
SOUTHEASTERN TURKEY 593,000 gross, 385,000 net acres, area is mostly oil, except Bakuk field 350,000 acres of proprietary 3D seismic in SE Turkey 19 wells drilled and spud in 2014 elmo Field Shell-TPAO Dada Shale Drilling…
ELMO FIELD DEVELOPMENT Implemented horizontal drilling for the first time in elmo field in 2013 Targeting undrained Middle inan Dolomite (MSD) zone (1,700m/5,550 vert. depth) New wells IP up to 700 BOPD; 77 locations(1) identified…
ELMO FIELD SECONDARY RECOVERY Commenced secondary recovery in elmo in 2014 Converted 4 wells to injection in 2014 as part of waterflood pilot test Infrastructure in place for expansion Pilot estimated to add 400 MBO incremental EUR…
MOLLA AREA 3D PROSPECTS 278,000 acres of proprietary 3D Migration seismic over the Molla area Migration Gross production is 1,700 BOPD Migration within 4,300 acres Dadas Maturity line Migration Dada formation producing in…
SIGNIFICANT UNBOOKED RESERVES IN MOLLA 3P reserves constitute a small footprint TransAtlantic licenses encompass 212,694 gross, 164,708 net acres in Molla Molla Area in South East Turkey Bahar Molla Goksu Arpatepe…
DADA POTENTIAL Bahar 6 was completed in both the Dada and Bedinan formations Production is outperforming the average curve of Bedinan only production All wells are vertical Bahar Field Well Results BOPD Bahar 6: Comingled Dada…
DADA DETAIL Every well encounters oil shows within the Dada (Silurian) formation in this mature area Seismic anomalies correspond to quality sand depositions in the Dada Dada sands were deposited in low areas flanking anticlinal…
MOLLA AREA 3D SEISMIC CROSS SECTION Dada C C 18
THRACE BASIN, NORTHWESTERN TURKEY 1.5 million gross, 804,000 net acres in Northwest Turkey, area mostly gas 877,000 acres of proprietary 3D seismic in Northwest Turkey New geological basin model (confirmed by Gurgen discovery) has…
ALBANIA 20
ALBANIAN ASSETS HAVE SIGNIFICANT POTENTIAL Many existing wells have only penetrated 6-15m / 20-50 of the reservoir, which may be as large as 700m / 2,300 thick Oil fields are structurally trapped carbonate reservoirs, like…
ALBANIAN OIL FIELDS Gorisht Field Cakran Field Discovered 1965, 25,000 BOPD peak Discovered 1977, 6,000 BOPD peak 13 16 degree API 14 37 degree API, condensates 53 degree API 3,000 net acres (1,214 net hectares) (100% WI) 6,000 net…
GROWTH PLAN FOR ALBANIAN OIL FIELDS In each of the three Albanian oil fields (Gorisht, Cakran, Ballsh) we plan to deepen, core and log two wells Will core the complete reservoir to create a petrophysical model Developing the…
ALBANIAN 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…
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 (100% WI) Gas condensate, 63 degree API…
DELVINA FIELD MINIMUM 2015 PLAN Delvina is a proven gas condensate field Will finish drilling the D-34 well and complete it with a multi-stage stimulation Significant gas condensate field with complex drilling and production…
CONCLUSION Good execution and growth in 2014 Building prospect inventory to improve future potential Quickly adapted to low price environment TransAtlantic (TAT) is significantly undervalued 27
Appendix 28
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…
FISCAL TERMS AND PV-10 RECONCILIATION TURKEY US MM TAT 12.5% royalty, no production tax Total P1 PV-10 884.4 VAT exempt on exploration licenses, refunded on Future income taxes (392.2)1 production leases Discount of future income…
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 36% of…
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