Form 8-K for TRANSMERIDIAN EXPLORATION INC
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17-Feb-2006
Notice of Delisting or Transfer, Other Events, Financial Statements
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
(a),(c) On February 13, 2006, Transmeridian Exploration Incorporated (the "Company") received a "warning letter," dated February 13, 2006, from the American Stock Exchange ("AMEX") stating that the Company was not in compliance with AMEX rules regarding the listing of additional securities. Specifically, in December 2005, the Company issued 1,000,000 shares of its common stock in connection with its acquisition of the 10% carried working interest in the South Alibek Field then held by Kornerstone Investment Group, Ltd. without first obtaining AMEX's approval of such issuance, as is required by Section 301 of the AMEX Company Guide. The Company will be included in a list of issuers, posted daily on www.amex.com, that are not in compliance with AMEX rules. In addition, the Company's AMEX trading symbol will be subject to the indicator ".BC" to denote its noncompliance. Both the website posting and the trading symbol indicator will remain in effect until the Company has complied with all applicable AMEX rules.
The Company has submitted the required application for the listing of such additional securities to AMEX. AMEX has determined not to apply its continued listing evaluation and follow-up procedures at this time.
Pursuant to the requirements of the AMEX Company Guide, the Company issued a press release on February 16, 2006 announcing, among other matters, the receipt of the "warning letter" from AMEX; a copy of this press release is attached hereto as Exhibit 99.1.
Item 8.01 Other Events.
On February 16, 2006, the Company issued a press release providing an operations update and announcing, among other matters, the settlement of the litigation involving Rig 232; a copy of this press release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press release issued by Transmeridian Exploration Incorporated on February 16, 2006 providing an operations update and announcing receipt of a "warning letter" from AMEX and the settlement of the litigation involving Rig 232
