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damit ihr einmal erkennt wie krotesk derzeit die Bewertung ist - vor einem Jahr, wo noch SEHR viel unsicher war, da war TMXN 2 Dollar wert !!!! Seitdem hat sich sehr viel getan : ausschließlich zum POSITIVEN !!!! 7.November 2001 Transmeridian Exploration, Incorporated ("TMEI" or the "Company") announces its Initial Public Offering. The registration statement for its Initial Public Offering was declared effective by the Securities and Exchange Commission as of 3:00 p.m. Wednesday, November 7, 2001. This offering will consist of up to 8,809,500 shares of the Company`s common stock at a price of $2.00 per share, which if fully sold will represent 12.7% of the Company`s then issued and outstanding shares. TMEI reserves the right to expand or withdraw this offer at its sole discretion. The Company is offering the shares, directly through its officers and directors on a no minimum basis. TMEI intends to apply proceeds from the offering, after payment of expenses, for the company`s plan of operations for the development of the South Alibek Field ("Field") which includes drilling of three new wells, improvement of production facilities, debt retirement, and working capital. This release is not, and does not, constitute an offer or a solicitation of an offer to purchase a security. Such offer or solicitation of an offer may only be made by prospectus. About Transmeridian Exploration Incorporated. Transmeridian Exploration Incorporated is an international independent oil & gas exploration and production company and is headquartered in Houston, Texas. The Company is established to acquire and develop identified and underdeveloped oil reserves within the region of the former Soviet Union now known as the Confederation of Independent Sates (CIS) and more particularly the Caspian Sea region, based in part on the management`s experience and business relationships in the area. TMEI targets opportunities with proved and potential oil and natural gas reserves at below international acquisition costs. TMEI is currently engaged in the development of the South Alibek Field, which lies in a fairway of oil and gas fields near pipelines, railroads and oil field infrastructure. The Field is located in the Caspian Sea Region within the prolific oil province of Aktobe in western Kazakhstan. The Company holds a 90% working interest in the Field and through the wholly owned subsidiary in Kazakhstan, CaspiNeftTME, is operator of the license and is developing the Field. Ryder Scott Company, a US independent engineering company, estimated a $149,000,000 Net Present Value, discounted at 10% (before tax), for TMEI`s net proved reserves at year-end 2000. The Company`s net reserves were revised upwards in 2001 to 18.225 million barrels of oil, which only includes the estimated recoverable reserves from the pre-existing test well # 29, and two 80 acre offset units (wells). Larger reserves in the 3,400 acre license are anticipated if certain reasonable assumptions based on the nearby analogous fields are proven applicable for the South Alibek Field, and if so, daily production could be increased substantially as a result of expanded developmental infield drilling and the installation of treating and pipeline sales facilities over the next five years. The Plan of Operations for the development of the Field includes initially at least three wells and the improvement of production facilities for at least 10,000 barrels of oil per day. TMEI`s subsidiary has produced 5,000 barrels from Well #29 earlier in the year and is currently completing the workover of this well. The evaluation of the Field`s proved reserves estimates that an early start up program with daily production of about 6,000 barrels could be achieved through the successful workover of Well #29 and the drilling of two delineation wells and with the proper facilities in place, this production could result in monthly operating income of $1.9 - to $2.3 million per month based on a $24 per barrel North Sea Brent oil price. The Company expects the netback of operating revenues per barrel to increase to $15.92 - $17.92 per barrel with the elimination of trucking with the installation of a sales trunk-line and higher values due to larger volume transactions. SAFE HARBOR STATEMENT: Certain statements in this news release, as well as written and oral statements made from time to time by TMEI and its representatives in other reports, filings with the Securities and Exchange Commission, news releases, conferences, teleconferences or otherwise, regarding future expectations and financial performance may be regarded as "forward-looking statements" within the meaning of the U.S. Securities Litigation Reform Act. Any forward-looking statement in this press release is made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that actual results may differ substantially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economical and political factors, fluctuations in international and local oil prices, as well as the inherent risks of exploring for oil and gas and such other factors that are set forth in the Company`s registration statement filed with the Securities and Exchange Commission. TMEI disclaims any obligation to update any such factors or to publicly announce results of any revision to the forward-looking statements contained herein to reflect future events or developments. SOURCE Transmeridian Exploration Incorporated CONTACT: Jim Tucker, Vice Finance, Transmeridian Exploration, Incorporated, (281) 591-4777, or tmei@tmei.com. josé |
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| aus der Diskussion: | Transmeridian Exploration - Kürzel : TMXN |
| Autor (Datum des Eintrages): | JosedelaVega (11.12.02 22:17:48) |
| Beitrag: | 7 von 3,850 (ID:8073233) |
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