Stay Connected   Transmeridian Exploration Inc., Houston,
secured a $30 million credit line from Turan Alem Bank to
develop its South Alibek field in the eastern PreCaspian
basin.Transmeridian will use the funds to drill 7 wells, install
a central production facility, build a 70-km pipeline to the
Emba rail terminal, and refurbish the terminal.The company
planned to spud the SA-2 well and test two new intervals in the
SA-1 well in early July. With two drilling rigs and one
completion rig, Transmeridian hopes to have completed three
wells by yearend 2003 and continuous drilling through
2004.Transmeridian's proved reserves at yearend 2002 were 17.1
million bbl in South Alibek, separated from giant Alibe...  Why
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