TransAtlantic Joint Venture

Strategy

TransAtlantic Petroleum

Annual

Shareholders’

Meeting

June 2012 -

Dallas

Exhibit 99.1

TransAtlantic  Licenses

Farm-out Opportunities

2012 JV Strategy –

Zagros Province

Gurun

Malatya

Molla

Idil

Gaziantep

Dadas & Mardin Potential

•

Play possibly spans 8,000 sq miles in SE

Turkiye

•

TransAtlantic’s position is the liquids

window, in the heart of the play

•

111,938 Operated Acres prospective for

the Woodford (Dadas) play

•

600,017 Operated Acres prospective for

the Mississippian (Mardin) play

•

1,400 Well Development Potential

•

Anatolian Energy’s Ryder Scott Report

assigned P50 11.5 BBbl OIP and 412 mm

bbls recoverable oil in their licenses in SE

Turkiye

Dadas-I Isopach

Mardin Potential and the Goksu Discovery

•

Vertical Well Completion –

Perforations treated with 3000

gal of acid

•

Goksu-2R cumulative production

= 28,000 bbls oil since February

2012

•

Initial flow rates were  400-500

BOPD in February 2012

•

Put on 16/64 choke.

•

Stable FTP of ~240 psig

•

Current rate is 210 BOPD with 80

BWPD

•

Goksu-3 to be horizontal well

0

5000

10000

15000

20000

25000

30000

0

100

200

300

400

500

600

2/1/2012

3/1/2012

4/1/2012

5/1/2012

6/1/2012

GOKSU 2 (Mardin)

BOPD

BWPD

FTP

WC

Cum Oil

Konak: Low Cost with Huge Return

Target: Lower Jurassic Carbonates/Paleozoic

Oil shows in 4 downdip wells tied to Konak

reservoir with 2011 2D seismic data

Three-way closure, Main risk is seal

Mean

closure: 8,855 acres

OIP:  271 MMBO*

Recoverable Oil:  53  MMBO*

Spud August 2012

*Internal Estimates

Konak Area and Tie-Back

•

Located 90km south of the Sivas Basin

(TransAtlantic-Shell JV). 

•

Plan to spud in August.

•

Offset Well Hacilar-5 tested oil (35 API) in

the Jurassic Limestone at 2692-2751m.

•

Offset Wells Hacilar-1, 2, 4

-

oil shows

reported on all three wells.

•

TransAtlantic likes the area and the

prospect. 113 km of

five 2D seismic lines

were acquired.

•

In 2012 we tied the 2011 seismic back to

offset wells and proved the reservoir to

be breached to the South. However the

reservoir is confined by 3-way closure to

the north in Konak.

•

TPAO spudded

Gurun-1  and will

target

Lower Jurassic / Paleozoic.

Idil Block –

Triassic Oilfield Potential

•

Four

prospects/leads

identified within

Idil.

•

2011/2012

Seismic data has

showing exisiting

wells to be off

structure

•

Prospect A: 25,000

Acre Structure

with 173 mmbo

P10*

*Internal Estimates

IDIL License –

2D Seismic Line Coverage

SYRIA

AR/SEL-TAT/4642

Guclu-1 (2001):

Mardin: Mud-cut fresh water

recovery in DST; Oil shows;

Asphalt in fractures in cores

Ebyat-1 (1958):

Mardin:

Oil-cut mud and

oil-cut water recovery in

DST; tar and oil in cores

Babil-1 (1980):

Mardin: Wet (?)

Ugur-1 (1969):

Mardin: Asphalt-cut

water recovery in

DST; Asphalt in cores

Pre-1980

2008

2011

2012

1982, 1983, 1988

2000

1984

Initially Proposed

Multi-target Locations

•

Wells drilled based on either poor quality or sparse 2D grid

•

There has been no drilling activity for more than a decade

•

New seismic shows that many wells were drilled off structure

•

Cudi-Triassic

formations

(Dincer,

Camurlu,

Bakuk)

have

not

been   

properly evaluated; Paleozoic is un-tapped

Mardin: Gas-cut mud

recovery in DST

Ozguner-1 (1991):

2008 Single Receiver Line

Conventional Acqusition

(Post-stack Migration)

2012 Dual Receiver Line

Combined Sweep Acqusition

(Pre-stack Migration)

Data Quality Improvement over Ebyat Anticline

2012 JV Strategy -

Temrez

•

•

•

•

•

Map oil leg Kazanci oil leg across

Temrez

Prove Hayrabolu Extensional Trends

Explore Hamitabat throughout block

Map structures for Danisman and

Osmancik potential

Map Mezerdere sands for tight gas

potential

Habiller –

Identified Hamitabat Prospect

•

28 Bcf P10*

Prospect in

proven

Hamitabat

horizon

*

Internal Estimates

•

Stratigraphic

Trap in Upper

Hamitabat

•

TPAO Hamitabat

field has

produced 110 Bcf

Sustainable Culture and Personnel

TransAtlantic Petroleum

Annual

Shareholders’

Meeting

June 2012 -

Dallas

Asset Teams Supported by Management

Completion

Engineer

Reservoir

Engineer

Geologist

Drilling

Engineer

G&G

ISTANBUL

EXPLORATION

Completions

Advisors

DALLAS

ROTATIONAL

1 Senior

1 Staff

Reservoir

Advisors

DALLAS

BASED

Reserves

Audits and

Asset

Development

Drilling

Advisors

DALLAS

ROTATIONAL

1 Senior

1 Staff

Dallas

Istanbul

Training