latest news releases from the newsroom
Transmeridian Exploration, Inc.
Transmeridian Exploration Announces Signing of 25-Year Production Contract for South Alibek
HOUSTON, Jan. 10, 2007 (PRIME NEWSWIRE) -- Transmeridian Exploration Incorporated (AMEX:TMY) today announced that its 25-year production contract for the South Alibek field has been signed and officially registered by the governmental authorities in Kazakhstan. The contract initially covers the approved 3,500 acre commercial area within the 14,000 acre South Alibek license area. All of the Company's 72.9 million barrels of proved net reserves identified in its December 31, 2005 reserve report, as well as approximately half of the additional 108.2 million barrels of probable net resources, are located within the 3,500 acre commercial area. Under the Company's exploration contract, which extends through April 2009, the Company has the right to continue exploration activities within the license area and increase the size of the commercial area subject to the long-term production contract.
Federal Court Allows RICO and Antitrust Claims to Proceed Against United Healthcare -- UNH
NEW YORK, Jan. 10, 2007 (PRIME NEWSWIRE) -- In a recent decision from the Southern District of New York, Judge Lawrence M. McKenna has ruled that claims may proceed against defendant United Healthcare Corporation (NYSE:UNH) and a number of its subsidiaries for violations of the Racketeer Influenced and Corrupt Organizations Act (RICO) and federal and state antitrust laws. These statutes permit plaintiffs to seek treble damages. The decision is available on LEXIS at The American Medical Association v. United Healthcare Corp., 2006 U.S. Dist. LEXIS 93864 (S.D.N.Y. Dec. 29, 2006).