3 Oct 2005director interest notice● Neutral
Edward G Brantley became a TRANSMERIDIAN EXPLORATION INC Controller/Vice President and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
12 Sept 2005material agreement▼ BadMajor
The company's 50%-owned subsidiary Caspi Neft TME was told by its Kazakh bank that due dates under its main credit facility are extended to the regular payment dates on or after October 18, 2005. About $8.0 million of principal and interest due through August 31, 2005 had not been paid, and about $2.7 million more was due in September. The company says it has received a proposal to refinance all the bank debt and expects to complete it by mid-October 2005. This follows the February 2005 deferral to July 15, and the payments had still gone unpaid.
6 Sept 2005capital raising announcement● NeutralMajor
On August 30, 2005 the company issued $22,500,000 of 10% convertible notes, with warrants for 4,500,000 common shares at $2.40. The notes mature December 15, 2005 or at the closing of an equity financing, whichever is earlier. Proceeds are for general purposes, including repaying past-due and current amounts under the credit facilities of the company and its subsidiaries. This adds new debt and potential dilution.
18 Aug 2005securities registration● Neutral
TRANSMERIDIAN EXPLORATION INC registered a securities offering with the SEC using its shelf eligibility.
15 Aug 2005director interest notice● Neutral
TRANSMERIDIAN EXPLORATION INC director Philip J Mccauley exercised stock options for 80,000 shares and disposed of 160,000 shares.
12 Aug 2005director interest notice● Neutral
TRANSMERIDIAN EXPLORATION INC director Philip J Mccauley exercised stock options for 70,000 shares and disposed of 140,000 shares.
4 Aug 2005capital raising announcement● Neutral
On July 29, 2005 the company sold 882,000 common shares at $2.16 each, for $1,905,120, to non-U.S. investors under Regulation S. Proceeds are for general corporate purposes. New shares add to the share count.
What it means for a shareholder
882,000 new shares at $2.16 to raise about $1.9m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
3 Aug 2005director interest notice● Neutral
TRANSMERIDIAN EXPLORATION INC CHAIRMAN/CEO Lorrie T Olivier sold 66,300 shares.
3 Aug 2005director interest notice● Neutral
Lorrie T Olivier became a TRANSMERIDIAN EXPLORATION INC CHAIRMAN/CEO and company insider (initial ownership filing).
14 July 2005securities registration● Neutral
TRANSMERIDIAN EXPLORATION INC amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
26 Apr 2005director interest notice● Neutral
Fernando Zuniga Rivero became a TRANSMERIDIAN EXPLORATION INC director and company insider (initial ownership filing).
12 Apr 2005director interest notice● Neutral
TRANSMERIDIAN EXPLORATION INC CHAIRMAN/CEO Lorrie T Olivier sold 200,000 shares at $2.31.
18 Mar 2005listing compliance notice▲ GoodMajor
the American Stock Exchange certified TRANSMERIDIAN EXPLORATION INC's securities for listing, clearing them to begin trading.
24 Feb 2005director interest notice● Neutral
Philip J Mccauley became a TRANSMERIDIAN EXPLORATION INC director and company insider (initial ownership filing).
23 Feb 2005director interest notice● Neutral
Bruce A Falkenstein became a TRANSMERIDIAN EXPLORATION INC VP EXPLORATION & GEOLOGY and company insider (initial ownership filing).
23 Feb 2005securities registration● Neutral
TRANSMERIDIAN EXPLORATION INC amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
17 Feb 2005material agreement● NeutralMajor
The company's 50%-owned subsidiary OJSC Caspi Neft got its lender to push all principal and interest payments due between February and mid-July 2005 back to July 15, 2005. About $14.4 million of scheduled payments will fall due then. Transmeridian agreed to advance up to $10.0 million to Caspi Neft for its first-half 2005 capital needs. This is a deferral, not a reduction of debt.
15 Feb 2005securities registration● Neutral
TRANSMERIDIAN EXPLORATION INC amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
21 Jan 2005securities registration● Neutral
TRANSMERIDIAN EXPLORATION INC amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
13 Jan 2005director interest notice● Neutral
Marvin Carter became a TRANSMERIDIAN EXPLORATION INC director and company insider (initial ownership filing).
11 Jan 2005director interest notice● Neutral
TRANSMERIDIAN EXPLORATION INC VP EXPLORATION & GEOLOGY Bruce A Falkenstein bought 75,000 shares on the open market at $1.50.
10 Jan 2005director interest notice● Neutral
Joseph Steve Thornton became a TRANSMERIDIAN EXPLORATION INC Vice President of Operations and company insider (initial ownership filing).
10 Dec 2004director interest notice● Neutral
TRANSMERIDIAN EXPLORATION INC VP EXPLORATION & GEOLOGY Bruce A Falkenstein gifted 7,500 shares.
10 Dec 2004director interest notice● Neutral
Lorrie T Olivier became a TRANSMERIDIAN EXPLORATION INC CHAIRMAN/CEO and company insider (initial ownership filing).
6 Dec 2004director interest notice● Neutral
TRANSMERIDIAN EXPLORATION INC CHAIRMAN/CEO Lorrie T Olivier bought 5,000 shares on the open market at $0.93.
2 Dec 2004securities registration● Neutral
TRANSMERIDIAN EXPLORATION INC registered a securities offering with the SEC using its shelf eligibility.
15 Nov 2004capital raising announcement▲ GoodMajor
On November 12, 2004 the company raised $25,000,000 in cash by selling 1,785.714 shares of Series A convertible preferred stock at $14,000 each, with warrants for up to 4,464,286 common shares at $1.55. The preferred converts at $1.40 per common share and pays a 4.5% annual cash dividend. Proceeds are for general purposes, including development drilling in the South Alibek Field in Kazakhstan. Conversion and the warrants could dilute common shareholders, and the preferred ranks ahead of common on liquidation.
12 Aug 2004director interest notice● Neutral
TRANSMERIDIAN EXPLORATION INC CHAIRMAN/CEO Lorrie T Olivier gifted 100,000 shares.
10 Aug 2004director interest notice● Neutral
TRANSMERIDIAN EXPLORATION INC CHAIRMAN/CEO Lorrie T Olivier bought 5,000 shares on the open market at $0.92.
10 Aug 2004director interest notice● Neutral
TRANSMERIDIAN EXPLORATION INC CHAIRMAN/CEO Lorrie T Olivier bought 20,000 shares on the open market at $0.91.