Value Microcaps Motherboard

[researcher59]

TMXN +.44 to 2.14 on 1.7M shares

Huge reserves in Kazakhstan ... mentioned as a likely double or triple at 'The Street.com' ... and one likely to soon make a move to the AMEX. Only potential pitfall is that the Kazakhstan government is seeking a bigger bite of profits for new companies ... here's the text from 'the steet.com' ...


Still, Chernoff feels that Transmeridian has the most immediate upside left.

Transmeridian has long touted its rights to a major oil field in Kazakhstan. But the company now has the financial flexibility to make that field pay off. And it could attract a lot of new attention along the way.

"TMXN is likely to move from the OTC bulletin board to the American Stock Exchange very shortly," Chernoff explained. "This move will put TMXN and its huge exploration and production potential on the radar screens of oil and gas investors around the world."

The stock slid 1.8% to $1.68 on Tuesday. Looking ahead, however, Chernoff says the shares "could double or triple" on the basis of the value of the company's reserves.