09:30 AM EST - TransAtlantic Petroleum Corp. : said its wholly-owned subsidiary, TransAtlantic Australia, increased its all cash bid from A$1.05 per share to A$1.07 per share, equivalent to $0.85 or US$0.69. This represents a premium of 24% to the Incremental closing price of A$0.86 per share on February 4, 2009. In addition, TransAtlantic Australia has agreed to remove all conditions to the offer and will accelerate the payment to all Incremental shareholders who tender their shares under the offer so that they are paid within 10 business days of receipt of a valid acceptance. TransAtlantic Petroleum Corp.
shares T.TNP are trading even at $0.88.
