August 17, 2009 (FinancialWire) — TransAtlantic Petroleum Corp. (TSX: TNP) announced that its second quarter net loss was $7.1 million U.S., or $0.04 U.S. per share, compared to a net loss of $920,000 U.S., or $0.01 U.S. per share for the second quarter of 2008. The net loss for the second quarter of 2009 is primarily composed of production expenses of $2.2 million U.S., seismic and other exploration costs of $1.2 million U.S., depreciation, depletion and amortization expense of $2.5 million U.S., general and administrative expense of $3.1 million U.S., international oil and gas activities expense of $2.2 million U.S. and interest and other expense of $1.7 million U.S. Petroleum revenues for the second quarter were $7.4 million U.S., up from $47,000 U.S. in the second quarter of 2008. TransAtlantic Petroleum Corp. shares were even at $2.98 on Friday.

Complete filings for Canadian exchange-listed companies are accessible via the SEDAR database (http://www.sedar.com).

Source: Courtesy of BayStreet.ca’s proprietary “Stocks in Play” news series (http://www.baystreet.ca/articles/stocks_in_play.cfm).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php).  Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).