13G Filing: Nokomis Capital and Transatlantic Petroleum Ltd. (TAT)

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(b)

Nokomis Capital and Mr. Hendrickson are the beneficial owners of 10.3% of the outstanding Common Shares. This percentage is determined by dividing 4,394,083 by the sum of (i) 41,011,990, the number of shares of Common Stock issued and outstanding as of November 4, 2015, as calculated the Issuer’s Form 10-Q filed on November 5, 2015 and (ii) 1,764,706, the number of shares of Common Stock receivable by upon conversion of presently convertible notes held by the Nokomis Accounts.

(c)

Nokomis Capital, as the investment adviser to the Nokomis Accounts, may direct the vote and dispose of the 4,394,083 shares of Common Stock held by the Nokomis Accounts. As the principal of Nokomis Capital, Mr. Hendrickson may direct the vote and disposition of the 4,394,083 shares of Common Stock held by the Nokomis Accounts.

Item 5

Ownership of Five Percent or Less of a Class.

Inapplicable.

Item 6

Ownership of More Than Five Percent on Behalf of Another Person.

Inapplicable.

Item 7

Identification and Classification of the Subsidiary which Acquired the Security Being Reported On by the Parent Holding Company.

Inapplicable.

Item 8

Identification and Classification of Members of the Group.

Inapplicable.

Item 9

Notice of Dissolution of Group.

Inapplicable.

Item 10

Certification.

By signing below each of the Reporting Persons certifies that, to the
best of such person’s knowledge and belief, the securities referred to above were acquired and held in the ordinary course of business and were not acquired and were not held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Exhibits

Exhibit 99.1

Joint Filing Agreement dated January 15, 2016, by and among
Nokomis Capital and Mr. Hendrickson.

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