Wednesday, May 05, 2010

TransAtlantic Petroleum Ltd. Announces Planned Acquisition in Turkey - MarketWatch

"TransAtlantic Petroleum Ltd. Announces Planned Acquisition in Turkey

HAMILTON, BERMUDA, May 04, 2010 (MARKETWIRE via COMTEX) -- TransAtlantic Petroleum Ltd. /quotes/comstock/11t!e:tnp (CA:TNP 3.98, +0.03, +0.76%) /quotes/comstock/14*!tat/quotes/nls/tat (TAT 3.90, 0.00, 0.00%) is pleased to announce it has entered into a Memorandum of Understanding ("MOU") with Zorlu Enerji Elektrik Ueretim A.S. ("Zorlu") regarding the acquisition of Zorlu's oil and natural gas exploration and production operations in Turkey for a purchase price of $100 million. "

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