**Exhibit 14**

 

**CODE OF ETHICS FOR THE CHIEF EXECUTIVE OFFICER,**

**CHIEFFINANCIAL OFFICER AND CHIEF ACCOUNTING OFFICER**

 

This Code of Ethics for the Chief ExecutiveOfficer, the Chief Financial Officer and the Chief Accounting Officer (this“Code of Ethics”) governs the conduct of the Chief Executive Officer, the ChiefFinancial Officer and the Chief Accounting Officer of TransmeridianExploration, Inc. (the “Company”). This Code of Ethics is designed to deterwrongdoing and to promote ethical and legal behavior by the Company’s ChiefExecutive Officer, the Chief Financial Officer and the Chief AccountingOfficer.

 

The Chief Executive Officer, the ChiefFinancial Officer and the Chief Accounting Officer are responsible for:

 

a) Acting with honesty and integrity, andavoiding actual or apparent conflicts of interest involving   personal and professional relationships. A“conflict of interest” exists when an individual’s private interests interfereor conflict in any way (or even appear to interfere or conflict) with theinterests of the Company;

 

b) Ensuring that the Company’s disclosurecontrols and procedures function properly and providing information that isfull, fair, accurate, timely, and understandable for Securities and ExchangeCommission filings and in other public communications made by the Company;

 

c) Complying with applicable laws, rules,and regulations of all U.S. and non-U.S. governmental entities, as well asother private and public regulatory agencies to which the Company is subject;

 

d) Acting in good faith and, responsiblywith due care, competence and diligence, without misrepresenting material factsor allowing independent judgment to violate this Code of Ethics; and

 

e) Reporting illegal or unethical conduct bya director, officer or employee that has occurred, is occurring or may occur,including any potential violations of this Code of Ethics.

 

Violations of this Code of Ethics shall bereported to the Chairman of the Audit Committee of the Board of Directorswhether the violations are of a financial or non-financial nature. The waiverof any duty or responsibility set forth in this Code of Ethics must be made bythe Board of Directors of the Company. This Code of Ethics will be an Exhibitto Form 10-K for the year ended December 31, 2003, and posted to the Companywebsite.

 

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Acknowledgment

 

This is to acknowledge receipt of the Codeof Ethics for the Chief Executive Officer, the Chief Financial Officer and theChief Accounting Officer. I understand that failure to adhere to the principlesand responsibilities set forth in this Code of Ethics may result indisciplinary action, including reprimand, warnings, suspension, demotion,salary reduction, restitution and/or discharge, as well as possible legalpenalties.

 
| Name:Lorrie T.  Olivier  |                        |
|--------------------------|-----------------------------|
| Chief Executive Officer  |                        |
|                     |                        |   |
| Signature:               | /s/  Lorrie T. Olivier |   |
| Date: March 26, 2004     |                        |
|                     |                        |   |
| Name: Randall D. Keys    |                        |
| Chief Financial Officer  |                        |
|                     |                        |   |
| Signature:               | /s/ Randall D. Keys         |   |
| Date: March 26, 2004     |                        |
|                     |                        |   |
| Name: Charles J. Campise |                        |
| Chief Accounting Officer |                        |
|                     |                        |   |
| Signature:               | /s/ Charles J. Campise      |   |
| Date: March 26, 2004     |                        |

 

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