Tana Exploration Company LLC (Tana), a subsidiary of privately held TRT Holdings, Inc., (TRT) announced today it has purchased from Maritech Resources, Inc., (Maritech) a wholly-owned subsidiary of TETRA Technologies, Inc. (TETRA), Maritech’s interest in select offshore oil and gas properties located in the Gulf of Mexico for a base purchase price of $222,250,000. At closing, Tana paid $173,274,069 which represented the base purchase price less $11,125,000 that was prepaid in April 2011 and purchase price adjustments. The properties acquired from Maritech are located in the Timbalier Bay Field in Louisiana State waters and the following federal lease blocks; East Cameron 328, Eugene Island 342, West Delta 58, 59, 61, 63, Main Pass 99, 160, 163, 175, 185, 187, 200, 207, 211, 229, 232, 233, 235, 241 and 279.

Kevin D. Talley, President of Tana stated, "I am very enthusiastic about this acquisition and look forward to developing the properties to their fullest potential. They have numerous drill ready prospects for us to pursue which will fit well with Tana’s existing properties. We’ve also hired a significant number of Maritech employees to assist in operating the acquired properties. We are very excited to expand Tana’s presence in the Gulf of Mexico and we are currently seeking additional offshore acquisition opportunities."

As a result of this acquisition Tana’s net daily production will increase to 4,020 BOPD and 38 MMCFD. Tana’s total leasehold will consist of 31 HBP, 26 Primary Term and 8 SI/SOP leases.

Tana Exploration Company LLC is a Houston based, privately owned exploration and production company active in the Gulf of Mexico and Gulf Coast Onshore. Tana and TRT have been engaged in oil and gas exploration and production in the Gulf of Mexico since 1992.