Meridian Adjourns Special Meeting of Shareholders
April 28 2010 - 6:40PM
The Meridian Resource Corporation (NYSE:TMR) announced today that
it has adjourned its special meeting of shareholders regarding
its proposed merger with Alta Mesa Holdings, LP. The meeting will
be reconvened on or before May 7, 2010 at a time and place to be
announced. The record date for shareholders entitled to vote at the
meeting remains February 8, 2010. Meridian's Board of Directors
continues its recommendation that shareholders vote "for" the
proposed merger with Alta Mesa. Shareholders are encouraged to read
Meridian's definitive proxy materials in their entirety as they
provide, among other things, a detailed discussion of the process
that led to the proposed merger and the reasons behind the Board of
Directors' recommendation that shareholders vote "for" the proposal
to adopt the merger agreement.
Forward Looking Statements
Statements identified by the words "expects," "plans," and
certain of the other foregoing statements may be deemed
"forward-looking statements." Although Meridian believes that the
expectations reflected in such forward-looking statements are
reasonable, these statements involve risks and uncertainties
regarding the transactions described that may cause actual future
activities and results to be materially different from those
suggested or described in this press release. Risks and
uncertainties regarding the proposed merger with Alta Mesa
Holdings, LP and the other transactions described include, but are
not limited to, the possibility that the closing of the merger does
not occur, either due to the failure of closing conditions,
including the approval of the shareholders of Meridian, rights of
the parties to terminate the merger agreement, or other reasons;
risks that the merger disrupts current plans and operations and the
potential difficulties in employee retention as a result of the
merger; the outcome of legal proceedings that have been, or may be,
initiated against Meridian related to the merger and the amount of
the costs, fees, expenses and charges related to the merger. Other
risks relating to Meridian are described in Meridian's documents
and reports, available from the U.S. Securities and Exchange
Commission, including the report filed on Form 10-K, as amended,
for the year ended December 31, 2008 and any updates to those
factors set forth in our subsequent Quarterly Reports on Form 10-Q,
including risks associated with our default under our credit
facility and other lending arrangements.
About Meridian
The Meridian Resource Corporation is an independent oil and
natural gas company that explores for, acquires and develops oil
and natural gas properties. Through its wholly owned subsidiaries,
Meridian holds interests primarily in the onshore oil and natural
gas regions of south Louisiana and Texas and offshore in the Gulf
of Mexico.
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CONTACT: The Meridian Resource Corporation
Lance L. Weaver
(281) 597-7125
lweaver@tmrx.com
www.tmrc.com
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