09:59 AM EST - TransAtlantic Petroleum Corp. : said it will make an all cash takeover offer for all of the shares in Incremental Petroleum Limited. TransAtlantic would offer $1.05 (Australian dollars) in cash for each Incremental share. This represents a premium of 12.9% to the Incremental share closing price of $0.93 on October 24, 2008. The Offer would be conditional on TransAtlantic obtaining a relevant interest in at least 75% of the Incremental shares, and on a number of other conditions. TransAtlantic Petroleum Corp.
shares T.TNP are trading unchanged at $0.86.
