HOUSTON, Aug. 27, 2007 (PRIME NEWSWIRE) -- Transmeridian Exploration Incorporated (AMEX:TMY) today announced that at the special meeting of stockholders held on August 24, 2007, the company's stockholders approved the potential issuance of shares of common stock for the conversion of or payment of dividends on the company's junior redeemable convertible preferred stock.
About Transmeridian Exploration Incorporated
Transmeridian Exploration Incorporated is an independent energy company established to acquire and develop oil reserves in the Caspian Sea region of the former Soviet Union. The company primarily targets fields with proved or probable reserves and significant upside reserve potential. Transmeridian Exploration currently has projects in Kazakhstan and southern Russia and is pursuing additional projects in the Caspian Sea region.