Transmeridian, Subsidiary Extend Consent Payment Deadline

Transmeridian Exploration Incorporated and its wholly-owned subsidiary Transmeridian Exploration Inc. ("TMEI") have extended the consent payment deadline and expiration time with respect to their exchange offer and concurrent solicitation of consents to amend the indenture governing TMEI's 12% Senior Secured Notes due 2010 and related security documents.

 The consent payment deadline, which was 5:00 p.m., New York City time, on August 15, 2008, will be extended to 5:00 p.m., New York City time, on August 22, 2008, unless further extended. The expiration time for the exchange offer, which was 12:00 midnight, New York City time, on August 21, 2008, will be extended to 12:00 midnight, New York City time, on September 8, 2008, unless further extended.

All other material terms of the consent solicitation and the related exchange offer remain unchanged. Holders who have already properly tendered their Existing Notes and delivered their consents do not need to retender or deliver new consents. Consents (whether previously or hereafter delivered) may only be revoked in the manner described in the Offering Memorandum and Consent Solicitation Statement, dated July 23, 2008.

Transmeridian and TMEI also announced that as of 5:00 p.m. (EDT), August 15, 2008, holders of an aggregate $34,917,000 principal amount of the Existing Notes have tendered their Existing Notes and delivered their consents to the proposed amendments to the indenture governing the Existing Notes.
 

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