Transmeridian posts $294,672 September operating loss on zero sales

By Alice Popovici

New York, Oct. 20 - Transmeridian Exploration Inc. reported a $294,672 operating loss for the month of September on zero revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of Texas.

The net loss for the period was $294,372. In July the company reported $44,926 in operating income and a $44,926 net loss.

The company had $168,119 in cash at the end of September, down from $462,785 at the end of August.

Transmeridian, a Houston-based independent energy company, filed for bankruptcy on March 20. Its Chapter 11 case number is 09-31859.

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