8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 24, 2013

TRANSATLANTIC PETROLEUM LTD.

(Exact name of registrant as specified in its charter)

Bermuda	001-34574	None
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

16803 Dallas Parkway Dallas, Texas	75001
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (214) 220-4323

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure.

On June 24, 2013, TransAtlantic Petroleum Ltd. (the “Company”) posted an investor presentation to its website at www.transatlanticpetroleum.com. A copy of the investor presentation is attached as Exhibit 99.1 to this Current Report on Form 8-K.

On June 24, 2013, the Company posted an investor relations packet to its website at www.transatlanticpetroleum.com. A copy of the investor relations packet is attached as Exhibit 99.2 to this Current Report on Form 8-K.

The information in this Current Report on Form 8-K, including Exhibit 99.1 and Exhibit 99.2 attached hereto, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference to this Current Report in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description of Exhibit
99.1	TransAtlantic Petroleum Ltd. Investor Presentation dated June 24, 2013.
99.2	TransAtlantic Petroleum Ltd. Investor Relations Packet dated June 24, 2013.

- 2 -

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 24, 2013

TRANSATLANTIC PETROLEUM LTD.
By:	/s/ Jeffrey S. Mecom
	Jeffrey S. Mecom
	Vice President and Corporate Secretary

- 3 -

EXHIBIT INDEX

Exhibit No.	Description of Exhibit
99.1	TransAtlantic Petroleum Ltd. Investor Presentation dated June 24, 2013.
99.2	TransAtlantic Petroleum Ltd. Investor Relations Packet dated June 24, 2013.

- 4 -

EX-99.1

Exhibit 99.1

Exhibit 99.1

TransAtlantic

Petroleum Ltd.

Annual Meeting of Shareholders

June 24, 2013

FORWARD LOOKING STATEMENTS

TransAtlantic

Petroleum Ltd.

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 market prices for natural gas, natural gas liquids and oil products; estimates of reserves and economic assumptions; the ability to produce and transport natural gas, natural gas liquids and oil; the results of exploration and development drilling and related activities; economic conditions in the countries and provinces in which we carry on business, especially economic slowdowns; actions by governmental authorities, receipt of required approvals, increases in taxes, legislative and regulatory initiatives relating to fracture stimulation activities, changes in environmental and other regulations, and renegotiations of contracts; political uncertainty, including actions by insurgent groups or other conflict; the negotiation and closing of material contracts; shortages of drilling rigs, equipment or oilfield services; 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, 2012 and our Quarterly Report on Form 10-Q for the three months ended March 31, 2013, which are available on our website at www.transatlanticpetroleum.com and www.sec.gov. See also TransAtlantic’s 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.

The SEC has generally permitted oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We may use the terms “estimated ultimate recovery,” “EUR,” “probable,” “possible,” and “non-proven” reserves, “prospective resources” or “upside” or other descriptions of volumes of resources or reserves potentially recoverable through additional drilling or recovery techniques that the SEC’s guidelines may prohibit us from including in filings with the SEC. These estimates are by their nature more speculative than estimates of proved reserves and accordingly are subject to substantially greater risk of actually being realized by the Company. There is no certainty that any portion of estimated prospective resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the estimated prospective resources.

Boe (barrel of oil equivalent) is derived by converting natural gas to oil in the ratio of six thousand cubic feet (Mcf) of natural gas to one barrel (bbl) of oil. Boe may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf:1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

2

WELCOME

TransAtlantic

Petroleum Ltd.

Agenda

Chairman & CEO:

N. Malone Mitchell 3rd

Introduction

President:

Ian J. Delahunty

Operations

VP, CFO:

Wil F. Saqueton

Finance and Accounting

Chairman & CEO:

N. Malone Mitchell 3rd

President:

Ian J. Delahunty

Q&A

VP, CFO:

Wil F. Saqueton

VP, Legal:

Jeffrey S. Mecom

3

INTRODUCTION

TransAtlantic

Petroleum Ltd.

N. Malone Mitchell 3rd, Chairman & CEO

Current State of the Business

4

CURRENT STATE OF THE BUSINESS

TransAtlantic

Petroleum Ltd.

Strengths

Focused on increasing production and cash flow

Team now tailored for strategy

Successful wells delineating productive zones in Turkey

Strong balance sheet with very little net debt

Management aligned with investors

Challenges

Past guidance not achieved

Production declined as we enhanced the team

Strategy not clearly communicated

SEC filing delays were a distraction

Low trading volume results in price volatility

5

OPERATING AND FINANCIAL HIGHLIGHTS

TransAtlantic

Petroleum Ltd.

Results for three months ended: 3/31/2013 12/31/2012 3/31/2012

Production

Oil (BBLD) 2,660 2,862 2,463

Natural Gas (MCFD) 8,904 9,374 15,026

BOED 4,144 4,424 4,967

% Oil 64% 65% 50%

Prices

Oil (BBL) $103.00 $99.96 $108.14

Natural Gas (MCF) 10.12 9.87 7.64

Average Netback BOED $72.92 $65.53 $68.65

Financial ($ millions)

EBITDAX(1) $19.5 $22.2 $22.2

Net income(1) 3.0 (13.9) (1.5)

Capital Expenditures 18.7 29.8 14.2

Net debt 20.3 18.0 62.9

Net debt/capitalization 9% 8% 34%

(1) EBITDAX and net income are for continuing operations.

6

OPERATIONS REVIEW

TransAtlantic

Petroleum Ltd.

Ian J. Delahunty, President

1. Objective

2. Team

3. Three-Part Strategy in Turkey

4. Bulgaria Update

5. Outlook

7

OBJECTIVES

TransAtlantic

Petroleum Ltd.

Optimize Assets to Increase Production and Cash Flow

• Utilize North American technology to more efficiently produce assets

- Horizontal drilling, stimulation and 3D seismic

• Manage from Dallas headquarters

• Deploy capital using proven industry expertise and decrease costs

• $130 million capital budget

• Accelerate capital program with consummation of joint venture

8

EXPERT TECHNICAL TEAM IN PLACE

TransAtlantic

Petroleum Ltd.

Technical Team Position Select Experience

Darcy Dorscher

Vice President, Production

International E&P experience in the Former Soviet Union, Kazakhstan, Qatar, India, Turkey and Madagascar

Mitch Whatley

Vice President, Drilling

Pioneer Natural Resources: Eagle Ford shale drilling; EnCana Oil and Gas: Deep Bossier and Haynesville shale drilling

Justin Davis

Vice President, Completions

SandRidge Energy: Piceance Basin operations manager, Permian Basin stimulation design

Will Bentley

Vice President, Land

Sandero Resources; Ted W. Walters & Associates

Gary Nilson

Chief Reservoir Engineer

Pioneer Natural Resources: Barnett Shale reservoir advisor, Vintage Petroleum; Devon Energy; Marathon Oil

THREE-PART STRATEGY UNDERWAY TO INCREASE PRODUCTION AND CASH FLOW IN TURKEY

TransAtlantic

Petroleum Ltd.

1) Molla Horizontal Program

• Completed third horizontal well in May

• Nine additional horizontal wells planned in Molla area this year

• Acquire 3D seismic over Molla area

2) Selmo Field Redevelopment

• Remodeled field using 3D seismic and increased well control, identified undepleted fault blocks

• Currently drilling first horizontal well into most prolific formation in the field

3) Thrace Basin Development

• Drilling first horizontal well in Thrace Basin South (recent vertical IP: 2.5 - 3 MMcfd); second horizontal well planned for late June 2013

• Effectively utilizing hydraulic fracturing in productive intervals of Thrace Basin South

• Recent discovery in Thrace Basin Central

FOCUS AREAS HAVE KNOWN PRODUCTION

TransAtlantic

Petroleum Ltd.

BULGARIAN JURASSIC OILFIELDS

KOYNARE PRODUCTION CONCESSION

SOFIA

BULGARIA

NORTH

CENTRAL

SOUTH

TEKIRDAG

THRACE

BASIN

ISTANBUL

ANKARA

TURKEY

DIYARBAKIR

SELMO

MOLLA

GAZIANTEP

SOUTHEAST

BASIN

200 kilometers

125 miles

Indicates 2013

focus area

11

1) MOLLA GEOLOGICAL TARGETS

TransAtlantic

Petroleum Ltd.

Oil shows – untested Selmo producing zone

Demonstrated horizontal success with Goksu-3H over 300 BOPD after ~5 months of production

Bahar-1 tested 150 BOPD

Potential resource play

Vertical discovery Bahar-1 IP ~600 BOPD post frac; currently fracing Bahar-2H

MIOCENE

PALEOCENE

CRETACEOUS

MARDIN GROUP

TRIASSIC

PALEOZOIC

SELMO

MIDYAT-GERCUS

SINAN

GARZAN

KIRADAG

KASTEL

SAYINDERE

KARABABA

DERDERE

SABUNSUYU

ULUDERE

HAZRO

DADAS

SHALE

III II I

HOT SHALE

BEDINAN

III II I

Target Zones

Open Hole Completion

Fracture Completion

12

1) MOLLA DISCOVERIES

TransAtlantic

Petroleum Ltd.

Formation Overview

• Fractured carbonate present across the region

• Initial vertical discoveries bolstered by recent application of horizontal drilling processes

• 1P reserves: 0.6 MMbbls(1); 2P reserves: 2.9 MMbbls(1)

Goksu-4H (Horizontal, western extension)

• Cost: $2.5 million; IP 250 BOPD; ~3.5 month payback

Goksu-3H (Horizontal, 1,600’ lateral)

• Cost: $3.5 million; Cum. production > 70,000 bbls

• ~3.5 month payback

• Flowing ~250 BOPD after 5 months of production

Goksu-2 (Vertical)

• Cost: $2.0 million; Cum. production > 60,000 bbls

• ~3.5 month payback; IP 400-500 BOPD, Feb. 2012

• Currently producing ~30 BOPD

Goksu-3H

BOPD, BWPD, PSI, % Water

2,500

2,000

1,500

1,000

500

0

10/1/2012 12/1/2012 2/1/2013 4/1/2013 6/1/2013

BOPD BWPD FTP WC Cum Oil

80,000

70,000

60,000

50,000

40,000

30,000

20,000

10,000

0

BBL OIL (CUM)

(1) DeGolyer and MacNaughton reserves as of 12/31/2012, based on $108.30/barrel and $8.94/Mcf. Payback periods assume 1Q13 oil price of $103.00/barrel.

13

1) MOLLA GRAVITY MAP

TransAtlantic

Petroleum Ltd.

Field discoveries align well with gravity data; meaningful structural and stratigraphic running room

Bahar Field

(2P Reserves: 2.5 MMbo)

Kastel Field

(EUR 15 MMbo)

Bati Raman Field

Largest oil field in Turkey

Mardin Potential

Goksu Field

(2P Reserves: 2.9 MMbo)

Molla 3D

TAT 100%

Arpatepe JV (TAT 50%)

Proved Structures

Gravity-Indicated Structures

(1) DeGolyer and MacNaughton reserves as of 12/31/2012, based on $108.30/barrel and $8.94/Mcf.

14

1) MOLLA AREA

TransAtlantic

Petroleum Ltd.

TransAtlantic’s

Selmo Field

Shell/TPAO Dadaş Joint Venture

Shell/TPAO Saribugday-1

TPAO Dadaş Discovery Well

Perenco’s

Kestal Field

(EUR 15 MMbo)

TransAtlantic’s

Bahar Field

TransAtlantic’s

Molla Field

TransAtlantic

3D Seismic Area

Mardin Potential

TransAtlantic’s

Goksu Field

TransAtlantic’s

Arpatepe Field

TransAtlantic’s

May 2013 Acquisition

Bati Raman Field

Largest oil field in Turkey

15

2) SELMO FIELD REDEVELOPMENT

TransAtlantic

Petroleum Ltd.

Selmo vertical pad drilling site.

Selmo Background

• Second largest field in Turkey (~600-800 million barrels of oil in place, ~87 million barrels cumulative production)

• 100% working interest

• Discovered by Mobil in 1964

• 2012: drilled 9 development wells and performed 10 fracture stimulations, average production 2,222 BBLD

• Currently 48 producing wells in the field

• Recently spud first horizontal well in Selmo Field

• 2013 budget includes five horizontal wells

16

2) SELMO FIELD REMODELING

TransAtlantic Petroleum Ltd.

Remodeling Will Result in Improved Targets

• Extensive work done to remodel Selmo and identify bypassed oil; field is extremely fractured

• New dynamic model incorporates updated substructure mapping with production and pressure histories to determine areas of the field that will benefit most from a horizontal drilling campaign

• Horizontal wellbores will likely allow more uniform pressure drawdown across the wellbore length and prevent water coning or premature breakthrough of water

17

2) SELMO FIELD REMODELING, CONTINUED

TransAtlantic Petroleum Ltd.

Selmo Horizontal Well Location

Present-Oil-Contact @ 3300 ssft

18

3) THRACE BASIN DEVELOPMENT

TransAtlantic Petroleum Ltd.

Action Plan

• Drilling first of four horizontal wells in Thrace Basin South (DTD-19H, 42% working interest)

• Last five frac’s in South Thrace Basin successful; continue to walk toward Mezerdere, Kesan and Teslimkoy ramp-up

• Recent discovery in Thrace Basin Central (Yildirim-1 exploration well); building 11.5km/7 mile pipeline to tie-in to nearby field

• Shooting 3D on Osmanli structure in South near Thrace area “kitchen”

NORTH

CENTRAL

SOUTH

N S W E

BULGARIA

GREECE

TURKEY

Kirklareli

Istanbul

Tekirdag

0 10 20 30 Kilometers

0 10 Miles

Bursa

Legend

Licenses

TransAtlantic Licenses, Joint Ventures

Farm-in

Production Leases

19

3) THRACE BASIN KITCHEN

TransAtlantic Petroleum Ltd.

Thrace Basin North

Thrace Basin Central

Yildirim

Hayrabolu

Osmanli

Tekirdag

Thrace Basin South

20

3) THRACE BASIN GEOLOGICAL TARGETS

TransAtlantic

Petroleum Ltd.

Conventional gas 400 – 1500 meters

Unconventional gas IP 1.5 MMCFD post frac

Unconventional gas IP 4 MMCFD post frac Late June: to drill BTD -4H

Unconventional gas IP 1 MMCFD post frac Currently drilling DTD-19H

ERGENE

DANSMEN

OSMANKIK

ORGANIC RICH SHALE

MEZARDERE

TESLIMKOY

KESAN

SOGUCAK

HAMITABAT

BASEMENT

Target Zones

Fracture Completion

21

3) THRACE BASIN SOUTH: HORIZONTAL DRILLING

TransAtlantic

Petroleum Ltd.

Tekirdag Horizontal Drilling

Drilling first horizontal well in Tekirdag (DTD-19H, 42% working interest)

Targeting Kesan formation (5,600 ft, productive zone); AFE $1.5 million

Plan to drill three additional Tekirdag horizontal wells

Upper Mezardere TS-18 Frac zone Structure Map (SSTVD-m)

Upper Mezardere TDR Region

Upper Mezardere Yagci Region

Upper Mezardere BTD Region

22

3) THRACE BASIN SOUTH: RECENT DISCOVERY

TransAtlantic

Petroleum Ltd.

Yildirim-1 Exploration Well

Cost $1.5 million, successful two-stage frac, at 600MCFD, ~8 month payback

Reservoir limit test indicated isolated reservoir; four appraisal wells planned on structure

Building 11.5km/7 mile pipeline to tie into nearby Atakoy field

Mese-1

Yildirim-1

Structural Closure

8500 Acres

Koz-1

Tuna-1

Payback period assumes 1Q13 natural gas price of $10.12/MCF.

23

3) THRACE BASIN CENTRAL

TransAtlantic

Petroleum Ltd.

Karababa

Atakoy

Karanfil-

Gelindere

Hayrabolu-

Kazanci

Wells Drilled in 2012 (1000-2000m)

Recent Multi-Objective Deep Wells 2500-4050

Contingent Multi-Objective Deep Wells 3000-4250

24

BULGARIA UPDATE

TransAtlantic

Petroleum Ltd.

ETROPOLE SHALE

KOYNARE CONCESSION

160,000 ACRES

DEVENRCI-R1

STEFENETZ CONCESSION (APPLICATION)

395,000 ACRES

PESHTENE-R11

Action Plan

Koynare Concession – First in History of Bulgaria

Finalizing 50% JV

Expect to drill Deventci-R2 in 2H13

Conventional gas discovery in Jurassic-aged Orzirovo

If successful, plan to build pipeline to connect to central grid at +/-$9/Mcf, shoot additional 3D seismic of the multiple structures along Koynare fault trend

Sales would begin in 2014

Stefanetz Concession Application

November 2011 drilled a ~10,500 foot (3,200 meter) Peshtene-R11 exploration well to core and test Etropole formation

Awaiting revision to parliamentary legislation regarding hydraulic fracture stimulation

Near the best oil and natural gas fields in the country and existing natural gas infrastructure

25

2013 PLANNED DRILL WELLS

If we drill and complete our proposed well count in the second half of 2013, we expect to have a year-end exit rate of more than 5,000 BOED.

Drilling rig on location in the Thrace Basin.

Molla

Selmo

Thrace

Bulgaria

Total

Area

Field

Basin

1H13

Horizontal

3

—  

—  

—  

3

Vertical

—  

—  

3

—  

3

2H13

Horizontal

7

5*

4*

—  

16

Vertical

4*

—  

11

1

16

Total

Horizontal

10

5

4

—  

19

Vertical

4

—  

14

1

19

Grand Total

14

5

18

1

38

Note: Based on completion date. * Indicates one well well currently being drilled.

26

OPERATIONS OUTLOOK

TransAtlantic

Petroleum Ltd.

Optimize Assets to Increase Production and Cash Flow

• Utilize North American technology to more efficiently produce assets

• Deploy capital using proven industry expertise and decrease costs

• Accelerate capital program with consummation of joint venture

Three-Part Strategy Underway in Turkey

1) Molla horizontal program; completed three wells

2) Selmo field redevelopment; drilling first horizontal well

3) Thrace Basin development; drilling first horizontal well in Thrace Basin South; recent discovery in Thrace Basin Central

27

FINANCIAL REVIEW

TransAtlantic

Petroleum Ltd.

Wil F. Saqueton, VP, CFO

1. Changes to facilitate accurate and timely SEC filings

2. Plans to reduce external audit fees

3. Status of credit facilities

28

1) ACCURATE AND TIMELY SEC FILINGS

TransAtlantic

Petroleum Ltd.

Completed Actions

• Over the past 18+ months, we have provided training to accountants in Turkey on fundamental U.S. accounting procedures and U.S. GAAP

• In March 2013, we hired Pt. Platinum Consulting to augment Dallas accounting staff and to

- Provide resources with appropriate expertise to review areas with highest likelihood of remaining prior period material misstatements

- Assist with remediation of internal control deficiencies

• In May 2013, Chris Elmore joined as VP of Accounting and Corporate Controller

- 12+ years of Big 4 Accounting experience; vast majority with KPMG-Dallas

- 3 years of auditing public and private E&P companies including CWEI, EXCO and Parallel Petroleum

We believe our issues with prior period errors are behind us

29

1) ACCURATE AND TIMELY SEC FILINGS

Items in Process

• Relocate and staff accounting resources to support operational shift to Dallas

• Phase 1

- AFE support

- Joint Interest Billings and (some) partners support

- Viking invoice approvals and upload

Bringing two current Turkish

accountants to Dallas on trial basis

starting with July close

- Consolidations and financial reporting accountant

- Internal controls management

Working to staff locally (Dallas,

Houston, Oklahoma City)

• Phase 2

• Will explore bringing an international tax resource in-house

• Will explore moving more general accounting functions from Turkey to Dallas

30

2) REDUCE EXTERNAL AUDIT FEES

TransAtlantic

Petroleum Ltd.

$3,000,000

$2,500,000

$2,000,000

$1,500,000

$1,000,000

$500,000

$-

Overages due to prior period errors

Ineffective controls

Base audit and reviews

2012 Actual 2013 Estimate 2014 Target

Estimated Savings

• Elimination of prior period errors = $700,000 of estimated savings (by 2013)

• Establish effective internal controls = $750,000 of estimated savings (by 2014)

31

3) CREDIT FACILITIES

TransAtlantic

Petroleum Ltd.

Standard Bank and BNP Paribas SA

• Current Borrowing Base = $56.9 million

• Commitment = $78.0 million

- TransAtlantic’s voluntary commitment reduction from $120 million resulted in ~$700,000 annual cash savings

- Commitment decreases to $67.5 million in Dec. 2013; by $7.5 million per quarter thereafter

• Interest Rate and Fees

- Interest rate = LIBOR + 5.50%

- Commitment fees: Unused = 2.20% (was 2.75%), Unavailable = 1.10% (was 1.65%)

- Negotiated reductions result in ~$250,000 annual cash savings

- Agency fees = $100,000 annually

We expect to refinance this debt within the next 6 to 9 months

32

3) CREDIT FACILITIES

TransAtlantic Petroleum Ltd.

Yapi Kredi (Turkish Bank)

• We have secured an 80 million Turkish Lira (TL)

(US $42.1 million) line of credit for our Thrace Basin Natural Gas (TBNG) subsidiary

- Cash = 60 million TL (US $31.6 million)

- Non-cash = 20 million TL (US $10.5 million)

• Unsecured

- No collateral, no covenants

• No fees

• Two year tenor for each borrowing

• Interest rate negotiated upon each borrowing

Hydraulic fracture stimulation of the Bahar-1 well in the Molla area.

We will utilize YK facility to fund TBNG exploration and development as needed

Note: Based on 6/19/13 conversion rate of US $1 = $1.90 TL.

33

Q&A

TransAtlantic

Petroleum Ltd.

N. Malone Mitchell 3rd, Chairman & CEO

Ian J. Delahunty, President

Wil F. Saqueton, VP, CFO

Jeff S. Mecom, VP Legal

34

INVESTOR CONTACT INFORMATION

TransAtlantic

Petroleum Ltd.

Taylor B. Miele

Director of Investor Relations (214) 265-4746 taylor.miele@tapcor.com

Wil F. Saqueton

VP - Chief Financial Officer (214) 265-4743 wil.saqueton@tapcor.com

Ian J. Delahunty

President (214) 265-4780 ian.delahunty@tapcor.com

35

EBITDAX RECONCILIATION

TransAtlantic

Petroleum Ltd.

$US millions

For the three months ended: 3/21/2013 12/31/2012 3/31/2012

Net income from continuing operations $3.0 $(13.9) $(1.5)

Less:

Interest and other, net 0.5 1.1 3.1

Income tax expense 2.3 0.0 0.2

Exploration, abandonment, and impairment 3.9 28.2 2.8

Seismic 0.1 2.4 0.2

Foreign exchange loss 0.5 2.0 (4.3)

Share-based compensation 0.4 1.0 0.5

Unrealized derivative gain (0.5) (0.5) 11.0

Accretion of asset retirement obligation 0.1 0.1 0.2

Depreciation, depletion and amortization 9.0 1.5 9.2

Net other items 0.2 0.3 0.8

Adjusted EBITDAX from continuing operations $19.5 $22.2 $22.2

This presentation references estimated EBITDAX, which is a non-GAAP financial measure that represents earnings from continuing operations before income taxes, interest, depreciation, depletion, amortization, impairment, abandonment and exploration expense.

The Company believes EBITDAX assists management and investors in comparing the Company’s performance and ability to fund capital expenditures and working capital requirements on a consistent basis without regard to depreciation, depletion and amortization, impairment of natural gas and oil properties and exploration expenses, which can vary significantly from period to period. In addition, management uses

EBITDAX as a financial measure to evaluate the Company’s operating performance. EBITDAX is also widely used by investors and rating agencies.

EBITDAX is not a measure of financial performance under GAAP. Accordingly, it should not be considered as a substitute for net income, income from operations, or cash flow provided by operating activities prepared in accordance with GAAP. Net income, income from operations, or cash flow provided by operating activities may vary materially from EBITDAX. Investors should carefully consider the specific items included in the computation of EBITDAX. The Company has disclosed EBITDAX to permit a comparative analysis of its operating performance and debt servicing ability relative to other companies.

36

TransAtlantic

Petroleum Ltd.

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, while not a financial measure in accordance with U.S. GAAP, provides useful information to investors because it is widely used by professional analysts and sophisticated investors in evaluating oil and natural gas companies. Because many factors that are unique to each individual company impact the amount of future income taxes estimated to be paid, the use of a pre-tax measure is valuable when comparing companies based on reserves. PV-10 is not a measure of financial or operating performance under U.S. GAAP.

PV-10 should not be considered as an alternative to the standardized measure as defined under U.S. GAAP.

The following table provides a reconciliation of our PV-10 to our standardized measure:

$US thousands

Total PV-10:

$511,075

Future income taxes:

(106,411)

Discount of future income

31,213

taxes at 10% per annum:

Standardized measure:

$435,880

37

EX-99.2

Exhibit 99.2

FROM THE PRESIDENT

Our three core strategies in Turkey provide a clear vision for the future, not only among our staff and leadership but also to shareholders.

- Ian Delahunty, President

Dear Fellow Shareholders,

Over the past several years TransAtlantic operated under a dynamic business model in which we acquired five exploration and production companies and built an oilfield services business. During that time we acquired seismic data, drilled exploration wells, delineated discoveries and redeveloped producing fields. Today, we control an asset base that has been high-graded by three factors: increased knowledge base of our technical teams, increased well control, and interpreted seismic data. The Bahar and Goksu discoveries are examples of the maturation from concept to production and are also the result of improved technical expertise.

Our three core strategies in Turkey provide a clear vision for the future, not only internally among our staff and leadership but also to shareholders. To this end, we will continue to work toward the development of tight gas in the Thrace Basin, production growth and exploration in the Molla Basin, and production growth at Selmo using horizontal well designs and advanced modeling.

With respect to our use of capital, we have largely completed the transition of the Company’s management to a Dallas-based asset team structure. This transition is good for our employees and our shareholders because it allows for more efficient deployment of capital as we progress in our horizontal plays. In Turkey, we will continue to base our production operations teams near our assets, as proximity to the wellhead is a proven method for minimizing operating expenses. In reshaping the Company’s process by which it manages capital we have not lost sight of the value created by efficiency. In the first half of 2013, the Company underwent a period of intensive overhaul of several key processes which resulted in significant reductions in G&A expense. Today we are leaner organization which is focused on executing our three core strategies.

We look forward to announcing the results of these efforts over the course of the coming months and years.

Sincerely,

Ian Delahunty

President

INVESTOR Q&A

Malone Mitchell 3rd Chairman and CEO

What are the differences between North American E&P operations and those in other countries?

In North America, there are typically many more wells and ample historical data to allow for detailed analysis of geologic and reservoir characteristics compared to other countries, where well data is generally restricted to the crests of large anticlines. Data and technique collaboration among far more numerous operators and service companies in North America accelerate success in drilling optimization and completion techniques. Outside North America, the legal and labor processes can be significantly different. Also, we have found that surface use issues and opposition are greater outside North America.

What is the current competitive landscape in Turkey?

We are still identifying the more complex structural hydrocarbon accumulations and applying modern completion methods to them in Turkey. The lure of high prices and favorable fiscal terms initially resulted in quite a few small competitors in the country, but that has dissipated as we have acquired many of their properties. With few direct competitors, we believe TransAtlantic is positioned to benefit from our meaningful cash flow, clean balance sheet and local knowledge. We expect to have opportunities to acquire additional assets over the next few years the size of our land holdings and good fiscal terms will eventually reward us in Turkey.

Ian Delahunty President

What is TransAtlantic’s E&P strategy in Turkey and Bulgaria?

Our company is focused on three primary strategies in Turkey. Those are: the Molla Mardin and Bedinan exploration and appraisal campaign; the Selmo Field Horizontal Redevelopment Program; and the Thrace Basin tight sands exploration and development campaign. In Bulgaria, we have two licenses which comprise our A-Lovech Block. As a result of securing the Koynare Production Concession, we plan to drill an exploration well in the conventional Jurassic dolomites this year.

You are very new in the position of President, what will you bring to the table and what is your plan?

Having worked in all of TransAtlantic’s fields, offices, and countries during the past 5 years, I have a good understanding of our strengths and opportunities for improvement. I will continue to recruit and retain talented industry leadership and remove obstacles between them and our asset base. Our asset base is the strongest in the company’s history and with the right people and strategy we have a tremendous amount of upside to realize. Our shareholders need to be rewarded with growth in reserves, production, and improved efficiencies in how we conduct our business.

TransAtlantic

Petroleum Ltd.

INVESTOR Q&A

You are working in complex geological plays, do you have the resources to execute?

We will be successful because we have the right talent working the right assets. Over the course of the past year we have repositioned the company’s technical leadership and added engineering and geological expertise to pursue our three core strategies. Defining and understanding our strategic direction means a more efficient use of company capital and a better return for our shareholders.

Ian Delahunty President

Wil F. Saqueton VP, CFO

What is Mr. Mitchell’s salary at TransAtlantic?

Mr. Mitchell has elected not to receive a salary for his service as chief executive officer of

TransAtlantic. For his service as Chairman of our board of directors Mr. Mitchell receives $75,000 per year, paid half in cash and half in restricted stock units.

The Mitchell Group and Mr. Mitchell own private companies that do business with TransAtlantic. How does the intercompany billing work? Doesn’t the 10-K show him receiving additional compensation?

The Mitchell Group owns Riata Corporate Group, a private company that provides technical and administrative services to TransAtlantic pursuant to a service agreement. Riata also bears some of TransAtlantic’s overhead costs, which are reimbursed by TransAtlantic. These amounts

($2.3 million in 2012 and $13.2 million in 2011) do not reflect actual compensation to Mr. Mitchell.

TransAtlantic has also entered into various lease agreements and master services agreements with Mitchell Group companies, including Viking Services and Longfellow Energy. In accordance with TransAtlantic’s related party transactions policy, all transactions between Mitchell Group and TransAtlantic are reviewed and approved by our Audit Committee and our Board of Directors.

What is the path TransAtlantic is taking to ensure that it will meet regulatory deadlines in the future?

The primary cause of TransAtlantic’s filing delays over the past 12 months has been the discovery of errors in prior period financial statements. We believe we have resolved this issue through properly reconciling accounts, hiring an outside consulting firm to assist with review of key areas (oil & gas properties, deferred taxes and share-based compensation expense) and undergoing a full financial audit by KPMG.

Additionally, we have hired a VP of Accounting, Corporate Controller with more than 12 years of public accounting experience to lead our accounting team and filing process.

As a result of our technical shift to Dallas, we are shifting several key accounting functions to Dallas as well, which will help facilitate an expedient financial close process.

TransAtlantic

Petroleum Ltd.

BY THE

NUMBERS

CONTACT INFORMATION

TURKEY OFFICE

Akmerkez B Blok Nispetiye Caddesi 34330 Etiler-Instanbul Phone: +90 212 317 25 00 Fax: +90 212 317 25 99

U.S. OFFICE

16803 Dallas Parkway Addison, TX 75001 Phone: +1(214) 220-4323 Fax: +1(214) 265-4711

INVESTOR RELATIONS

Phone: (214) 265-4746 investorrelations@tapcor.com

TransAtlantic

Petroleum Ltd.

TransAtlantic Plans to Drill

19 Horizontal Wells in 2013

800

KM2 of 3D Seismic in the Molla Area

11.6 MMBOE

OF PROVED RESERVES

4,144 BOED

PRODUCTION

Onshore Production Concession in Recent Bulgarian History

BULGARIA

THRACE

BASIN

THRACE BASIN

Horizontal Well

Thrace Basin Drilled in 2013

3.9 MM

NET ACRES IN

TURKEY & BULGARIA

TURKEY

SOUTHEAST BASIN

150,000

Molla Area Bolt-On Acres Acquired May 2013

100%

Working Interest and Operatorship

DRILLING WELLS 10%FASTER & CHEAPER

Molla Horizontal Well Progress

Cost vs. Depth

0

0

2000

2000

4000

4000

6000

6000

Measured Depth (feet)

8000

8000

10000

10000

Well 1

Well 2

Well 3

12000

12000

0

10

20

30

40

0 500

1000 1500 2000 2500

3000

3500

Days from Spud

Cost (thousands)

9%

NET DEBT/CAP

$131,000,000

2013 CAPEX

MOLLA

DISCOVERY

Bahar-1

600 BOPD

2.5 MMBO | 2P

Goksu-3H

550 IP-BOPD

3.0 2P MMBO

SLICKWATER FRAC PERFORMED IN TURKEY

Source: TransAtlantic 10-K as of December 31, 2012 and 10-Q as of March 31, 2013.