This Amendment No. 4 (the “Amendment”) to the Schedule 13D initially filed on May 24, 2004 (as amended prior to the date of this Amendment No. 4, the “Original Schedule 13D”) is filed by Mr. Lorrie Olivier, The Olivier Family Interests Ltd. (formerly known as JMJC Investments, Inc.), Colamer Ltd., The Olivier Family Living Trust, Greencove Holdings and Trans Meridian International, Inc. (“TMII”) (collectively, the “Olivier Filing Parties”) with respect to the Common Stock, par value $0.0006 per share, of Transmeridian Exploration, Inc. (the “Issuer”). Capitalized terms not otherwise defined herein have the meanings set forth in the Original Schedule 13D. Except as provided herein, this Amendment does not modify any of the information previously reported on the Original Schedule 13D.

The information in Item 2 of the Original Schedule 13D is hereby amended by the addition of the following information:

On March 31, 2008, the Issuer announced that it had terminated the Merger Agreement. See Item 4, below. Termination of the Merger Agreement resulted in termination of the JTA between Mr. Olivier and LCI. Accordingly, any “group” within the meaning of Section 13(d)(3) of the Exchange Act and SEC Rule 13d-5(b)(1) thereunder that may be deemed to have been formed by Mr. Olivier and the other Olivier Filing Parties and LCI upon their entering into the JTA terminated March 31, 2008.

The information in Item 4 of the Original Schedule 13D, is hereby further amended by the addition of the following information:

As described in the Original Schedule 13D (Amendment No. 2), Merger Sub’s and TMII’s obligation to commence the Offer under the Merger Agreement was subject to their execution of definitive documentation pursuant to which adequate financing will be made available to them to enable them to consummate the Offer and perform their other obligations under the Merger Agreement. TMII and Merger Sub undertook to use their reasonable best efforts to cause the satisfaction of this condition by the earliest practicable date. Under the Merger Agreement, the Issuer had the right to terminate the Merger Agreement if Merger Sub and TMII had not entered into such definitive documentation by January 31, 2008. On January 31, 2008, the Issuer announced that it had extended the time for TMII to enter into such definitive financing documents until February 15, 2008. The Issuer provided TMII with a letter dated February 1, 2008 confirming that extension. A copy of the Issuer’s extension letter was filed as Exhibit E to the Olivier Filing Parties’ Schedule 13D (Amendment No. 3).

On March 19, 2008, the Issuer announced that its board of directors had established certain milestones for completion of the proposed financing arrangements for the Merger. The Issuer stated that the first milestone related to detailed information required to be provided by March 21, 2008 and that its board had notified TMII that if it is not satisfied with such information, or if the financing condition contained in the Merger Agreement has not been satisfied by March 31, 2008, the Issuer would terminate the Merger Agreement.

On March 31, 2008, at approximately 3:35 p.m., Eastern Time, the Issuer filed its Annual Report on Form 10-K for the year ended December 31, 2007. In the Form 10-K, the Issuer stated that its board of directors was not satisfied with the information that has been provided to it by Mr. Olivier and TMII. Following the close of trading on March 31, 2008, the Issuer announced that as of March 31, 2008, it has terminated the Merger Agreement. Because the Merger Agreement was terminated by the Issuer prior to TMII satisfying the financing condition in the Merger Agreement, the Merger Agreement does not require payment by the Issuer of any termination fee to TMII.

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