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Transmeridian suitors 'express interest'



By Upstream staff 

Transmeridian Exploration said it has received a number of unsolicited preliminary expressions of interest related to its potential strategic transactions.

The strategic alternatives include the sale of the company or the sale of a partial or complete interest in the South Alibek field in western Kazakhstan, the company said today, Reuters reported.

The company said it retained Jefferies Randall & Dewey, a division of Jefferies & Company, as its financial adviser to assist in the strategic review for the South Alibek field, its sole asset.


Monday, 16 April, 2007, 21:50 GMT  | last updated: Monday, 16 April, 2007, 21:50 GMT

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