latest news releases from the newsroom
Federal Regulators Approve Sempra Energy Port Arthur LNG Project
SAN DIEGO, June 15, 2006 (PRIMEZONE) -- Officials of Sempra LNG, a unit of Sempra Energy (NYSE:SRE), welcomed today's decision by the Federal Energy Regulatory Commission (FERC) authorizing the company to move forward with the development of a new liquefied natural gas (LNG) receiving terminal near Port Arthur, Texas, capable of processing up to 3 billion cubic feet per day (Bcfd) of natural gas.
Reeves Telecom Acquisition Corp.
Reeves Telecom Limited Partnership Responds to Tender Offer for its Limited Partnership Units
GLEN HEAD, N.Y., June 15, 2006 (PRIMEZONE) -- On June 14, 2006, Reeves Telecom Acquisition Corp. filed a Schedule TO with the Securities and Exchange Commission announcing a tender offer to purchase for cash all outstanding limited partnership units (the "Units") of Reeves Telecom Limited Partnership, a South Carolina limited partnership (the "Partnership"), at a purchase price of $1.50 per Unit net to the seller in cash without interest. The press release stated that the President and sole shareholder of Reeves Telecom Acquisition Corp. is John S. Grace. The general partner of the Partnership is Grace Property Management, Inc., the shares of which are held in trust for the benefit of Mr. Grace. Therefore, Reeves Telecom Acquisition Corp. may be deemed to be an "affiliate," as that term is defined in Rule 12b-2 under the Securities Exchange Act of 1934, of the Partnership and the general partner of the Partnership.
Transmeridian Exploration, Inc.
Transmeridian Announces Commencement of Exchange Offer for Senior Secured Notes due 2010
HOUSTON, June 15, 2006 (PRIMEZONE) -- Transmeridian Exploration Incorporated (AMEX:TMY) today announced that Transmeridian Exploration Inc., the Company's wholly owned British Virgin Islands subsidiary ("TEI"), has commenced its exchange offer of $290 million aggregate principal amount of its Senior Secured Notes due 2010 registered under the Securities Act of 1933 for all $290 million aggregate principal amount of its outstanding Senior Secured Notes due 2010 sold in December 2005 and May 2006 pursuant to Regulation D under the Securities Act of 1933.