Transmeridian Exploration Inc.

Transmeridian Exploration Inc. has retained Jefferies Randall & Dewey to seek strategic alternatives for its South Alibek Field in western Kazakhstan, representing substantially all of the company's assets. The package includes production of 1,097 barrels of oil per day. Estimated proved reserves are 67.2 million barrels. For more information, contact Joe Gladbach, 281-774-2000.