HTTP 200 Document follows Date: Wed, 19 Nov 1997 23:49:54 GMT Server: NCSA/1.5.2 Last-modified: Fri, 26 Sep 1997 17:01:30 GMT Content-type: text/html Content-length: 6215 Meridian Resource Financials

Texas Meridian Resources Corporation (TMRC) is an independent oil and natural gas company whose primary focus is on the exploration for, and development of, oil and natural gas properties utilizing 3-D seismic technology.

The Company's exploration efforts are concentrated in the Louisiana and Texas Gulf Coast region in known geological trends, targeting prospects with potential reserves in excess of 50 billion cubic feet of gas equivalent ("BCFE") and with multiple productive zones capable of producing more than 10 million cubic feet of gas equivalents per day. Texas Meridian typically retains a working interest of between 50% and 75% in each well drilled.

Beginning with the Company's significant natural gas discovery in 1992, in the Chocolate Bayou Field of Brazoria County, Texas, Texas Meridian has made five new field discoveries in seven attempts, and has successfully completed 76% of its wells since that time. The most recent of the new field discoveries is the Company's East Cameron Field, which currently has four wells producing from three separate fault blocks, with one well drilling and at least two more planned for the field. Based solely on its exploration activities, the Company's total discoveries had resulted in gross ultimate proved reserves in excess of 200 BCFE at year-end 1996.

Headquartered in Houston, Texas, Texas Meridian has 55 employees. The Company's common stock is traded on the New York Stock Exchange under the symbol "TMR".