Founded in 2000, Transmeridian Exploration Incorporated engages in the exploration, development and production of oil and gas. The company operates in southern Russia and Kazakhstan, primarily in the South Alibek Field in the Republic of Kazakhstan.
For the last quarter ended September 30, 2007, the company had revenue of $4.1 million. It was 63% less than previous quarter mainly because of the shut-in of the exploitation field. This has influenced the net loss to increase to $15.6 million which was 18% more than previous quarter.
On October 18, 2007 the company has announced a start of oil exportation through a...
