TransAtlantic Petroleum to Abandon Bayou Couba Well

TransAtlantic reports that the ExxonMobil Fee 2 ST well in Bayou Couba, Louisiana is being plugged and abandoned as a result of mechanical problems arising from drilling tools dropped in the hole and irretrievably lost during the final phases of drilling to a total measured depth of approximately 10,830 feet. Potentially productive horizons were encountered from approximately 10,700 feet to 10,790 feet total measured depth. TransAtlantic has a 20% working interest in the ExxonMobil Fee 2 ST.