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New RNS released... just out (MRP)     

potatohead - 14 Feb 2006 15:31

Meridian Petroleum PLC
14 February 2006


14 February 2006


MERIDIAN PETROLEUM PLC
('Meridian' or 'the Company')

ORION LEASE SIGNED


Meridian Petroleum (AIM: MRP), the oil & gas company with key assets in the USA
and Australia, today announces that it has signed a lease on the Orion field
(100% Working Interest) located in Oakland County, Michigan.

Based on data from earlier wells, the lease contains a proven and probable shut
in reserve of 3 BCF of gas in place with approximately 2.7 BCF recoverable.
The gas content is pipeline quality after treatment and also contains
condensate.

The Niagaran reef was previously drilled in the late 1980's and early 1990's but
was shut in due to hydrogen sulphide emissions and the absence of appropriate
treatment technologies. Meridian's proposed use of 'sulphur treat' towers, a
technology now widely used for this type of gas treatment has been accepted by
the Michigan Department of Environmental Quality (DEQ).

Flow rates on the previous wells averaged between 2 to 4 mmcf per day plus
condensate and Meridian anticipates achieving similar flow rates from its
proposed new well location. The bottom hole location of the new well will remain
the same as the previous wells but will be accessed from the surface via a
directional drilling leg.

The proposed new well location is on a partially used asphalt pit adjacent to a
major gas pipeline.



Anthony Mason, Chief Executive of Meridian said:

'We are delighted to have signed up this significant shut in gas reserve in
Michigan State. Subject to permitting and equipment availability, we expect to
begin drilling operations early in the second quarter of this year.'



Enquiries:

Meridian Petroleum (020 7409 5041)
Tony Mason, Chief Executive

Westhouse Securities (020 7601 6100)
Richard Morrison

potatohead - 20 Feb 2006 17:06 - 2 of 57

RNS Number:6713Y
Meridian Petroleum PLC
20 February 2006

20 February 2006




MERIDIAN PETROLEUM PLC
("Meridian" or "the Company")

RAISES #1M IN PLACING OF NEW SHARES


Meridian, the oil & gas exploration and production company with key assets in
the USA and Australia, following the announcement on 17 February, today
announces the successful completion of an institutional placing of new Ordinary
Shares in the Company.

Westhouse Securities LLP has placed 7,171,426 new Ordinary Shares at a price of
14p per new Ordinary Share with institutional investors, raising approximately
#1.0 million before costs.

The funds raised will be used to acquire additional properties and to complete
the work programme on Orion and Calvin, as well as other existing properties.

Application will be made for the new Ordinary Shares to be admitted to AIM and
dealings are expected to commence on 27 February 2006. Following the placing,
the number of Ordinary Shares in issue will be 71,264,619.



Tony Mason, Chief Executive of Meridian Petroleum, said:

"I am delighted with the success of the placing and the continued support of our
shareholders. The funds raised will enable us to complete a number of near term
projects, including our recent substantial gas show on the Calvin Field,
generating significant additional revenue and cashflow."



Enquiries

potatohead - 17 Mar 2006 14:04 - 3 of 57

Time to get back in, on the move again... time to test 30p

Kivver - 17 Mar 2006 14:10 - 4 of 57

looking great, a real cracker, just the news we have all been waiting for. shooting up 0.54%

potatohead - 24 Mar 2006 13:03 - 5 of 57

news on the way... Victory... due either today or monday latest.., keep an eagle eye for the RNS between 2pm today and Monday... eyes shap people

Calvin going online monday ;-)

m12rtn - 24 Mar 2006 13:08 - 6 of 57

Yeah ofcourse they are.

potatohead - 24 Mar 2006 13:38 - 7 of 57

going up... this elevator only has one direction.. and that UP!!!

potatohead - 24 Mar 2006 13:51 - 8 of 57

GET IN NOW... its about to move up to 26p

KEAYDIAN - 24 Mar 2006 14:12 - 9 of 57

Not today I don't think.

katcenka - 25 Mar 2006 10:28 - 10 of 57

Monday looks darned good for news on calvin...

lets hope Mason is working hard this weekend to give us the 27th march deadline news

m12rtn - 25 Mar 2006 21:51 - 11 of 57

Northern Petroleum is now valued at about 73m, some have said in the past that MRP should be valued at $100m which is about the same.

Are our assets worth more than NOP? I dont know, can anyone please advise?,do our reserves have the same amount.

Also in the Daily mail it says the price target for NOP is 3.60 (mkcp 150m) so still upside in NOP.

The reason I ask is to acertain how much REAL upside there is in MRP.

katcenka - 26 Mar 2006 23:11 - 12 of 57

no one knows how much calvin is worth except scott pickford, and Mason said we may not get to hear what this figure is until may interims.. so it could be a while yet... or we will get it once calvin is online which could be late this week or early next, Victory news is now due, so I am expecting news on this very early this week

scenicroute - 27 Mar 2006 12:25 - 13 of 57

What does Calvin online mean?

Kind regards sker

potatohead - 27 Mar 2006 13:43 - 14 of 57

means it will connected to the gas works pumping out gas, and lots of it..

this week is the week Calvin pumps out gas and MRP starts earning millions ;-)

Victory news due, due now!!!

m12rtn - 27 Mar 2006 14:16 - 15 of 57

I dont think thats quite true, but should be in the next 2-3 weeks

katcenka - 27 Mar 2006 19:30 - 16 of 57

EHH!! the pipeline is only 300 yards away, I dont think it will take 2-3 weeks, the americans are hard working. Dim but hard working

potatohead - 29 Mar 2006 13:47 - 17 of 57

news is very close, I cant wait for the news

Calvin is online ;-) yes please, come on boys the pipeline is only 300yards away from calvin

Kivver - 29 Mar 2006 15:40 - 18 of 57

calvin kline ???- a pair of underpants done it a world a good now up over 2%, is there a risk we have already had big rise or jan or do you think it has a lot more to go?

lizard - 31 Mar 2006 13:53 - 19 of 57

looking ok so far- is an update on australia asset due stated 'end of march' if so last day today and what about cbm (coal bed methane) project?.

exciting times ahead for mrp i reckon!

SH17 - 31 Mar 2006 15:03 - 20 of 57

Hope nothings happened to potatoehead,i cannot beleieve that the old spud has not been here telling us that news is due.......

Steve

lizard - 31 Mar 2006 15:38 - 21 of 57

don't like the heading of this thread!

potatohead - 31 Mar 2006 16:47 - 22 of 57

NEWS OUT MONDAY 7am

Kivver - 31 Mar 2006 17:02 - 23 of 57

or the fact its yet another thread, i think this is one of those that has great prospects but its just going to take a lot longer than you think!

potatohead - 31 Mar 2006 17:07 - 24 of 57

WHAT WITH A REVALUATION FIGURE COMING OUT SOON.. ON ALL ASSETS, I DONT THINK SO ;-)

lizard - 31 Mar 2006 20:52 - 25 of 57

ph -can you change the header to be more mrp related!- cheers.

espaceman - 04 Apr 2006 07:11 - 26 of 57

News you've all been waiting for ...

Meridian Petroleum PLC
04 April 2006

MERIDIAN PETROLEUM PLC
('Meridian' or 'the Company')

VICTORY 1-21 SUCCESSFULLY COMPLETED


Meridian, the oil & gas exploration and production company with key assets in
the USA and Australia today announced that the Victory 1-21 production well (10%
WI) has been successfully deepened in order to further penetrate a Niagaran
reef.

Using a coiled tubing unit and conventional work over rig, Total Depth was
reached at 4,394 feet and gas communication was made between 4,161 feet and
4,192 feet, an increase of approximately 31 feet in net pay. The well was
treated with acid to stimulate flow and is currently being swabbed to remove
remaining acid from the well bore following which the well will be put back on
line this week. It is anticipated that enhanced production rates will be gained
from the additional pay sections in the reservoir.

Anthony Mason, Chief Executive of Meridian said:

'The successful deepening of Victory 1-21 is good news for Meridian. The well
will be back on line this week, following which Meridian will resume receiving
income from Victory 1-21. We are now looking forward to the imminent completion
on Calvin 36.'

Don Caldwell, a certified petroleum geologist, is the Company's Qualified Person
and has reviewed the information in this announcement.


Enquiries:


Meridian Petroleum (020 7409 5041)
Tony Mason, Chief Executive

Westhouse Securities (020 7601 6100)
Richard Morrison

Citigate Dewe Rogerson (020 7638 9571)
Media enquiries: Martin Jackson / George Cazenove
Analyst enquiries: Nina Soon


This information is provided by RNS
The company news service from the London Stock Exchange ND

STRBCGDSDBGGGLX



lizard - 04 Apr 2006 08:39 - 27 of 57

good show through 30p and hold the level please!

lizard - 04 Apr 2006 12:23 - 28 of 57

surprised not many new names on here -this company is heading in the right direction finally imo. some updates expected over next few weeks on australian asset and coal bed methane (cbm)project inc a re evaluation of companies assets, which should get interesting!.

lizard - 04 Apr 2006 12:42 - 29 of 57

anyone know how to change that stupid header rns just out- typical ph not got any mention of MERIDIAN PETROLEUM!-

espaceman - 04 Apr 2006 12:54 - 30 of 57

Lizard , I started another thread Headed Meridian Petroleum , I couldn't change the other one.

potatohead - 04 Apr 2006 13:54 - 31 of 57

yes sorry i cant change the header, would you like me to make a new one, MRP set to rise 900% calvin set to be hooked up any day from now...

1 will soon be here

Strawbs - 04 Apr 2006 15:30 - 32 of 57

Lizard,

Think the lack of new people is partly down to the threads heading. I started to put together some info to start a new thread. I'll finish it if anyone is interested.

Strawbs.

lizard - 04 Apr 2006 15:42 - 33 of 57

agree strawbs would be useful to start another with some credibility- the reaction to 'rns just out' is one you would not touch. need header like or suggestions?.

MERIDIAN PETROLEUM PLC

- nice and simple easy to locate.

Strawbs - 04 Apr 2006 16:05 - 34 of 57

OK. I'll finish off what I've got and post it this evening or tomorrow morning.

Strawbs.

saturn5 - 04 Apr 2006 21:05 - 35 of 57

one of the best buys on the box

rodspotty - 04 Apr 2006 21:49 - 36 of 57

From tonights Evening Standard...

Punters also circled Meridian Petroleum, 3p better at 26p, after the oil & gas exploration and production company, with key assets in the US and Australia, revealed that the Victory 1-21 production well has been successfully deepened in order to penetrate further a Niagaran reef.

Rodders

Kivver - 04 Apr 2006 22:56 - 37 of 57

was this relavating rns???? it did go up 13%, which is good i grant you, but not quite the 900%, or do you think that is still to come.

lizard - 05 Apr 2006 08:18 - 38 of 57

imo more to come but 900% is ph's level of intelligence!

lizard - 05 Apr 2006 18:19 - 39 of 57

strong close- open up i reckon!

potatohead - 06 Apr 2006 13:14 - 40 of 57

FROST LAWS AT MILFORD HAVE BEEN REMOVED, EXPECT NEWS UPDATE ON MILFORD TOO, WE COULD GET A TRIPPLE RNS

VICTORY - ONLINE
CALVIN - ONLINE
MILFORD - WORK HAS STARTED DUE TO REMOVAL OF FROST LAWS

YIPPPEEE

potatohead - 25 Apr 2006 13:38 - 41 of 57

last chance to get in me thinks..

britshare - 25 Apr 2006 14:40 - 42 of 57

bankokbang/bluedolphine/potatohead.

katcenka - 25 Apr 2006 22:04 - 43 of 57

not long now!!!!

KEAYDIAN - 25 Apr 2006 22:05 - 44 of 57

bankokbang/bluedolphine/potatohead.

explosive - 25 Apr 2006 23:44 - 45 of 57

Mmmmmm looks interesting, perfect for acid rain lovers, very smelly too I'd imagine.... Has there been any local protests yet?

britshare - 26 Apr 2006 03:06 - 46 of 57

bankokbang/bluedolphine/potatohead/katchenka.

dexter01 - 26 Apr 2006 10:00 - 47 of 57

morning all,
just thought i would throw in my tuppence worth. With regards to people saying they have been told that TM has told them there will be an update in 5 10 or however many days, if this were true it would amount to insider dealing as it would be price sensitive. When i have emailed the responce i have got is pretty standard , the same kind that everyone would get.Unless i have a declared interest TM would`nt know if i had 100 or 1,000,000 shares.
IMO, calvin could already be hooked up and producing, this sort of thing happens a lot, when you read an RNS they say something like, the hook up was completed on the 20th of april and is now producing etc. etc.
So all we have to do is sit and wait or take our profits, it`s as simple as that, although some try to complicate things with graphs for this and that. A graph would mean nowt if for example everything was going to plan and then there was a blow out or such like.
It`s not rocket science, it just take a bit of common sense and a bit of luck now and again, trust YOR and judgement, listen to what others have to say, but at the end of the day it`s your money and nobody else`s.
regards,
Dexter

potatohead - 26 Apr 2006 13:54 - 48 of 57

lets see what today brings eh!!

dexter01 - 26 Apr 2006 14:26 - 49 of 57

Once we have completed the work we will inform the market. The completion is on track and in line with our expectations. Complicated reservoirs take time and have to be handled in a careful and conservative manner.

Anthony J. Mason,

CEO Meridian Petroleum PLC
Meridian Resources, USA, Inc
Meridian Resources Australia, Pty
(T) 713-599-1611
(C) 713-201-6883
(F) 713-552-1641


--------------------------------------------------------------------------------
From: ****** *******
Sent: Wed 4/26/2006 08:05
To: Information
Subject: Calvin


Dear sir,
as a shareholder i am a little concerned about the iminent hookup of calvin, am i right in thinking that this will be finished this week ?
regards,
Roger *******

lizard - 26 Apr 2006 14:40 - 50 of 57

at least this period will get out the 10 minute holders!.

potatohead - 23 May 2006 13:59 - 51 of 57

expect news out between this afternoon and thursday..

suspension of share may well be on the cards as the hike up in SP will be significant

get in now, you wont get it this cheap again

cynic - 26 May 2006 07:46 - 52 of 57

Good "Cow Bottom Methane" news today should give even more impetus to this share

potatohead - 26 May 2006 13:58 - 53 of 57

Meridian Petroleum Provides Update on its Coal Bed Methane Prospect in the Black Warrior Basin, Alabama
Latest Oilvoice Headlines


MeridianPetroleum, the oil & gas exploration and production Company with key assets in the USA and Australia, today issued the following update on its Coal Bed Methane (CBM) prospect in the Black Warrior Basin, Alabama, USA which has been the subject of a due diligence review by Scott Pickford.

The review indicates that the prospect area contains multiple coals with gas content and seam thickness values consistent with a commercially viable coalbed methane development.

The area has been previously explored with a number of wells drilled but not developed. This available primary well data and engineering data from independent sources have been evaluated as part of the Scott Pickford review.

Independent estimates of well productivity were found to be reliable and robust although, in Scott Pickfords opinion, there is a significant probability that the coals are undersaturated. Based on these assumptions, the review projects 30-year cumulative gas production in the range 388 to 604 mmscf per well with peak gas rates of 50 to 80 mscf per well, per day.

Meridian has begun a land leasing programme to establish a footprint from which to conduct a pilot development project. The Company intends that an initial data collection and testing programme will be included as part of the pilot project which itself will be confined to a relatively small scale, on the order of 5 to 10 wells, until uncertainty with respect to undersaturation of the coals is resolved. The capital investment required is expected to be modest by such pilot project standards.

If as expected, the pilot project confirms the reviews projections, Meridian will proceed to lease a 50,000 acre land position on which the Company would expect to drill in excess of 600 producing wells. Adequate infrastructure exists within the area to transport gas to market on a highly economic basis.

Mr. Tony Mason, Chief Executive of Meridian, said:

The Scott Pickford evaluation confirms our view of the significant potential of this CBM prospect. We have a carefully developed plan in place for the leasing of a footprint for the pilot project which we are now implementing. Assuming the successful outcome of the pilot project, we intend to begin the immediate commercial development of the prospect which will involve leasing 50,000 acres of land on which we would expect to drill over 600 wells.

potatohead - 19 Jun 2006 09:10 - 54 of 57

dexter01 - 19 Jun'06 - 09:07 - 17765 of 17765


Genesis,
this is the email igot last week, it does say news will be positive, but then did`nt we already know that ie; when calvi fianlly comes on line it will be positive because we know the minimum what the flow rate will be.
If you don`t beleive the emails, why don`t you ring the company and ask if they did in fact send it. Use my email to ask if you want
Dexter

__________________________________________

Subject: RE: Calvin
From: "Tony Mason" Add to Address Book
To: "****** *******"
Date: Wed, 14 Jun 2006 07:25:00 -0500

There will be positive news flow on the Calvin 36 #1 well and other assets very shortly.

Anthony J. Mason,

CEO Meridian Petroleum PLC
Meridian Resources, USA, Inc
Meridian Resources Australia, Pty
(T) 713-599-1611
(C) 713-201-6883
(F) 713-552-1641


--------------------------------------------------------------------------------
From: ****** *******
Sent: Wed 6/14/2006 06:49
To: Information
Subject: Calvin


Dear sir,
You have told me in past emails that there are no problems with the calvin tie in, but the date has gone from early April to now, the middle of June. If there are problems i feel you should inform the market, likewise if it is tied in i feel you should inform the market, as i feel with the market as it is now and with MRP`s sp dropping dramatically, it would be price sensitive information. I do feel that the shareholders need to be re assured as to what is happening, as in the past timescales have come and gone and at the moment investors are getting cold feet thinking this is another case of timescales being very misleading.
I look forward your reply.
Roger $$$$$$$

mysunshine - 20 Jun 2006 13:23 - 55 of 57

Meridian Petroleum PLC
20 June 2006



20 June 2006

MERIDIAN PETROLEUM PLC
('Meridian' or 'the Company')


Activity Update


Meridian, the oil & gas exploration and production company with key assets in
the USA and Australia, has today issued the following update on its activities.



Calvin Field (67.75% NRI) Successful well test



- Calvin 36 #1

On Friday, 16 June 2006, Calvin 36 #1 was successfully tested and completed with
5 1/2 inch casing being set. A completion test is being filed with the State of
Louisiana. The Company is currently evaluating whether any additional work will
be required on the well prior to final hook-up, which is planned in the next few
weeks after approval of permitting filed with the State of Louisiana.


Calvin 36#1 will be producing from the Sligo Petit Zone. The gas is of high
quality and the gathering and process facilities are in place in the Calvin
field making transport to market very simple. Estimated production rates are
between 0.25 to 1mmcfpd.


- Calvin 5 # 31

The Company is putting together equipment and personnel for the re entry and
work over of the Calvin 5 # 31 well with a view to producing from the Rodessa
Zone. The Company is moving forward as quickly as practicable and will keep the
market informed of progress.


Orion, 80% NRI:


Equipment and personal are in place for re-entering the 2.7 to 3 BCF Orion reef.
Re-entry is planned in the week of 14 August 2006. A rig and a directional
drilling unit have been booked accordingly and the Company is currently on
schedule to meet the current timetable


Milford 36; 25% NRI:


Meridian is planning the step and drilling of lateral holes using a coiled
tubing unit in August 2006. This reef has in excess of 100 feet of net pay and,
after an examination of well logs and 2-D seismic by the Company and its
partners, it was felt that this course of action was the most technically
suitable in order to increase flow rate to a higher level. This asset has been
previously tested and contains pipeline quality gas which can go straight into
the local pipeline without the need for additional processing.


Deep Gas Rights Acquisition:


The Company is in the final stages of a substantial acquisition of deep gas
rights in area of significant gas production. The reserve is on shore and on
trend with some substantial production from several well known gas producers.
The terms of the acquisition have been agreed, and Scott Pickford, the company's
reserve engineers, have been retained to compile a Competent Persons Report
(CPR) which will indicate the gas in place (GIP) and Estimated Ultimate
Recoverable (EUR). Details of the reserve will be made public following the
completion of this independent report.


Subject to title opinion from the Company's lawyers, the transaction should
close in less than 30 days. The reserve potential is likely to be in excess of
80 BCF, with the Company retaining a 70% Net Revenue Interest (NRI) in the
acreage.



Tony Mason, Chief Executive of Meridian, commented:


'Meridian continues to make good progress in executing its business plan. The
Company has access to significant upside in markets where products can be not
only easily taken to the market but also receive above spot market prices in
terms of payment. Furthermore, the smaller, producing assets provide cash flow
in the short to mid term whilst the plans for the Company's larger projects are
being executed.'


Don Caldwell, a certified petroleum geologist, is the Company's Qualified Person
and has reviewed and approved the information in this announcement.




mysunshine - 20 Jun 2006 13:30 - 56 of 57

Hi Potatohead - Just a polite question. Any chance of putting Meridian's name somewhere in the heading of the thread so it will draw people's attention to which company it's about? Hope you don't mind me asking. At the moment people may overlook it.

mysunshine - 20 Jun 2006 13:42 - 57 of 57

Just realised there are two Meridian threads running at the same time. As the other is already entitled MERIDIAN PETROLEUM your thread may be overlooked if you don't have MERIDIAN in it somewhere. No offence meant - just trying to be helpful.
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