TransAtlantic launches marketing process for Albania assets

TransAtlantic Petroleum Ltd. (NYSE-MKT: TAT) (TSX: TNP) has launched a marketing process for the sale of all of its oil and gas assets and operations in Albania. On Nov. 16, the company's board of directors authorized the immediate launch of a marketing process for the sale of all the company's oil and gas assets and operations in Albania.

While TransAtlantic pursues the marketing process, it will continue the execution of its current operational plan. TransAtlantic does not expect to comment further or update the market with further information on the marketing process unless and until the board of directors has approved a specific transaction or otherwise deems disclosure to be appropriate or necessary. There is no assurance that this marketing process will result in the company pursuing a particular transaction or completing any such transaction.

TransAtlantic Petroleum Ltd. is an international oil and natural gas company engaged in the acquisition, exploration, development, and production of oil and natural gas. The company holds interests in developed and undeveloped properties in Turkey, Albania, and Bulgaria.

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