Dubai, UAE, 29 February 2012: Abraaj Capital, the leading private equity firm in emerging markets, today announced that a consortium consisting of funds advised by Abraaj Investment Management Limited ("Abraaj", an affiliate of Abraaj Capital) and Dalea Partners, LP ("Dalea", an affiliate of N. Malone Mitchell, 3rd) has entered into a non-binding letter of intent to acquire the oilfield services business of listed TransAtlantic Petroleum Ltd. ("TAT", TSX: TNP; NYSE-AMEX: TAT), which is substantially comprised of TAT's wholly owned subsidiaries Viking International Limited and Viking Geophysical Services, Ltd. (together "Viking").

Viking is a fully integrated oilfield service company committed to providing services to the oil and gas industry with the goal of exceeding the exploration needs of operators. Viking currently maintains operations within the regions of Turkey, Bulgaria, and Romania, with expansion plans into geographically strategic underserviced emerging markets. Services are available in a variety of forms, ranging from single service jobs to total project management in which contracts can be tailored from day-rate to complete turnkey contracts.

"The proposed transaction presents an opportunity to back a strong management team with a proven track record in a growing industry. Working with N. Malone Mitchell, 3rd, who has more than 25 years of experience and a demonstrated track record in the oilfield services sector, Abraaj Capital will facilitate and support Viking management in expanding its footprint across its target markets." said Ahmed Badreldin, Senior Partner at Abraaj Capital.

About Abraaj Capital
The Abraaj Capital group is a leading private equity manager investing in emerging markets.  Since inception in 2002, it has raised over US$ 7 billion and distributed around US$ 3 billion to investors. Headquartered in Dubai, the Abraaj Capital group employs over 170 people and has a presence in Riyadh, Istanbul, Cairo, Singapore, Mumbai, London, Karachi, Beirut, Ramallah, Amman, Casablanca, Algiers and Tunis. The group has helped accelerate and facilitate the growth of over 50 companies in 15 countries in the region, in attractive and fundamental sectors such as healthcare, education, energy, aviation and logistics.

The Abraaj Capital group manages eight Funds: four Private Equity Funds, Riyada Enterprise Development (a Fund dedicated to small and medium enterprises in the Middle East), Kantara (a Fund dedicated to small and midcap enterprises in North Africa), ASAS (an income-generating, real estate Fund) and a 2004 vintage real estate Fund. The Abraaj Capital group currently has over US$ 6 billion of assets under management. Funds managed by the Abraaj Capital group have holdings in over 35 companies in the region, which collectively employ in excess of 30,000 people, including Air Arabia, the region's leading low-cost carrier, Network International, the largest independent payment solutions provider in the Middle East and Africa, Integrated Healthcare Holdings, one of the largest private healthcare groups in emerging markets, and Al Borg Laboratories, the Middle East's largest privately owned medical testing laboratory business.

In 2011, Abraaj Capital was ranked the largest private equity firm in emerging markets worldwide by Private Equity International. In addition, Abraaj Capital has won many regional and international awards, including the 'Middle Eastern Private Equity Firm of the Year' for six consecutive years, awarded by Private Equity International.

Abraaj Capital Limited, a member of the Abraaj Capital group is licensed by the Dubai Financial Services Authority (DFSA).

For further information, please contact:
Nicholas Nesson
ASDA'A Burson-Marsteller
Dubai, UAE
Tel: 971-4-4507600
E-mail: n.nesson@asdaa.com

© Press Release 2012