2009-08-17-2008-02-01-2008-05-01

Cancelled acquisition of co.

Trans Meridian International Inc., British Virgin Islands, will not acquire Transmeridian Exploration Inc., Houston, (Amex: TMY) for approximately $350 million in cash and take the company private as previously announced. Transmeridian Exploration, established by Transmeridian's chairman and chief executive Lorrie T. Oliver, canceled the merger. TMI offered US$3 per Transmeridian share, a 114% premium over the US$1.40 TMI closing price on Dec. 28. The company will continue to seek proposals from other interested parties. Transmeridian targets fields in the Caspian Sea and has projects in Kazakhstan and southern Russia.