TransAtlantic Petroleum Ltd. announced drilling program and the company's evaluation of its prospects in the Thrace Basin. With receipt of proceeds from the 2017 Term Loan, the Company has launched a new drilling program. The company has executed a drilling contract with Viking International Ltd. and is currently in the process of mobilizing Rig I-34 from southwest Turkey to the Company's Selmo 81H2 location. The Company estimates that the rig mobilization will be completed and the well will spud in the first week of February 2018 dependent on weather and other conditions. The Company has identified a number of additional well locations to follow. The company has acquired approximately 116 square miles of new 3D seismic data during the summer of 2017 as an extension to the company's existing 3D seismic coverage in the Molla Area of southeast Turkey. The new 3D seismic data is being processed with anticipated completion in April 2018. The new 3D seismic data is being merged with the company's existing seismic data to create one continuous 3D seismic survey across all of the Company's acreage in the Molla Area. The company is continuing to evaluate its prospects in the Thrace Basin in Turkey in light of the recent positive production test results at the Yamalik-1 exploration well operated by Valeura with their partner Statoil. The Yamalik-1 exploration well is directly adjacent to the company's 120,000 net acres in the Thrace Basin of which the company believes approximately 50,000 net acres (100% WI, 87.5% NRI) is analogous to the Valeura and Statoil acreage.