HAMILTON, Bermuda, Aug. 28, 2019 (GLOBE NEWSWIRE) -- TransAtlantic Petroleum Ltd. (TSX: TNP) (NYSE American: TAT) (the "Company" or "TransAtlantic") today announced that it has elected to pay the upcoming quarterly dividends on its 12.0% Series A Convertible Redeemable Preferred Shares ("Series A Preferred Shares") in its Common Shares, par value $0.10 per share ("Common Shares"), as permitted by the certificate of designation for the Series A Preferred Shares, in order to preserve cash for a potential drilling program in late 2019 or early 2020 in the Thrace Basin's Basin Center Gas Accumulation ("Thrace Basin BCGA"), which is currently being tested by Valeura Energy Inc. with its partner Equinor ASA on a license directly adjacent to the Company's licenses in the Thrace Basin BCGA.