Meridian Petroleum signs Orion field lease
LONDON (AFX) - Meridian Petroleum PLC, the oil and gas company with key
assets in the US and Australia, said it has signed a lease on the Orion field,
100 pct working interest, in Oakland County, Michigan.
The company said, 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.
It added it expects to begin drilling operations early in the second quarter
of this year.

Meridian Petroleum (AIM: MRP), the oil & gas company with key assets in the USA
and Australia, announced on 24 January that its Calvin 36-1 well on the Calvin
Field, Winn Parish Louisiana (80% WI), had encountered a substantial gas show in
the Sligo Petit Zone. The well was flowed on a limited open hole test with a
25/64 inch choke in excess of 1mmcfpd.



Based upon the analysis of previous production data from the Sligo Petit Zone,
the Company anticipates the following break down of the gas and condensate mix -
Carbon Dioxide 3.14% to 11.66%, Nitrogen 3.75% to 5.28%, Methane 76.97% to
83.11% and Propane 0.95% to 2.36%.



Due to the default and non consent of the original owner of the Calvin lease,
Meridian's Net Revenue Interest will increase to 67.75% from 60% until a
significant financial penalty is paid through the increased production revenue.



Meridian is moving ahead as quickly as possible to complete the well and
commence production into the nearby pipeline.





Anthony Mason, Chief Executive of Meridian said:



"We are very pleased with the likely rich condensate content of the Calvin well
which will enhance our revenue from the field. While unfortunate, the previous
lease owners default increases Meridian's revenue share enabling costs to be
recovered more quickly."

katcenka,

Well it may have been a bargain before friday's rise, but it could well be overbought at these prices.

What revenue per annum do they anticipate to make from the new wells?

And what percentage of that will be profit?

What a ramper!

off to a flyer kat down 12%, you got tfc right but it took much longer than you thought, hope you have quicker/better luck with this one. Must admit i take your posts with a pinch of salt.

taking a hit at the 'mo

small retail piling in with 1000 buys, the mm's will be waiting when this finishes!!!

Why have we started a new thread - I was happy with the old one ??

Am asssuming Kat wants to sell out hence the ramp

using suehelens tactics eh well spotted baza! its great how we can quickly spot the ones we havent got 100% faith in. syaing that the headline is a bit bold.

taking a hit at the 'mo

small retail piling in with 1000 buys, the mm's will be waiting when this finishes!!!

kivver what you on about up 18%

oh kivver your very quiet mate up bearly 30% ;-) and loads more upside

credit where credits due and though it does say 10% at 15.02pm on my computer and not 30% . Funny this following a rns from the company and i quote 'The Company knows of no other reason for this speculation or rise in its share price.' it seems Kat knows the company better than the company itself. many more of these and of course will go up everyones estimation. well done kat!

now 14% changing dramatically by the minute.

up 15.34% at 15:11

RPT grab some look at the rns!!

wont touch it with a blow torch mate, its just about equipement, its worth nothing but a quick pump and dump

check out MRP rns that just got issued ;-) much better than the RPT rns

Meridian Petroleum completes 1 mln stg placing
LONDON (AFX) - Meridian Petroleum PLC, the oil company with key assets in
the US and Australia, said it completed the 1 mln stg placing announced last
Friday.
It said Westhouse Securities LLP has placed 7,171,426 new Meridian shares at
14 pence each with institutional investors.
The new funds will be used to acquire additional properties and to complete
the work programme on Orion and Calvin, the group said.
newsdesk@afxnews.com
ak

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

Funny this following a rns from the company and i quote 'The Company knows of no other reason for this speculation or rise in its share price.'

I like this bit

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."

why did they release this on friday??? http://moneyam.uk-wire.com/cgi-bin/articles/200602171633196111Y.html

who cares

I like this bit

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."

Funny this following a rns from the company and i quote 'The Company knows of no other reason for this speculation or rise in its share price.' i dint think it was allowed to post misleading rns's.

it was not misleading, nothing new in the news we got today, just reafirms what we knew ;-)

did you sell then ;-)

hahahahahahahahaha

dont you have to buy before you sell, open mind on this one at the moment.

more news out today

tomorrow is going to be big top up time ;-) rock on!!!

must be due an update soon- gone a bit quiet here!?.

Suddenly going higher in the last 30 mins ...

the way they are not moving the bid price could suggest that sellers are around!. being VERY conservative with the movements.

but is news closer than we think?>

Who knows Lizard , lets hope its good -there seems to be a lot of selling today.

think there is a write up in shares mag today- anyone got it?.

Have a squint on chp thread, just says they have great potential.... nothing new but always nice to see..

from shares mag.
Dexter

+++++++++++++++++++++++++++++++++++++++++++++

Taken from Pg20 Shares Mag:
Run by a former British Army officer, Meridians recent 1 million share placing gives it the cash it needs to complete development work on its two main prospects, the Orion and Calvin fields in the US.
The shares have recently really started to move recently thanks to Meridian securing a lease on the Orion field, an exciting move since it is believed to hold about 3 billion cubic feet of gas, 2.7bcf recoverable. based on data from previous projects. There will also be money left over to snap up a handful of new prospects this year too.

cheers dexter- may see a few investors in after positive report!.

Asset revaluation complete, news out shortly, could it be at 3pm

or could it not..

Chill....AFN is even worse

More than likely NOT in spudhead's case...

do they have filter on here he is full of crap?.

I wish they had something on here to stop Bulls s**t

The Asset revaluation is complete, RNS is due very very shortly. I did expect it yesterday, I think the chairman has to sign it off first, so probably will get issued today at 3pm

we could certainly do with something! although i will take the above as garbage.

BBBBBBBBBBBBBOOOOOOOOOORRRRRRRRIIIIIIIIIIIIIIINNNNNNNNNNNNNGGGGGGGGG!!!

They will commence production with the Calvin Field soonest and issue relevant RNS, a revaluation of the company will follow.

what will come next week?.- update hopefully!>

get ready for lift off

Afternoon all,
I`ve just got this reply from Mason, it is not doctored in any way, as those of you who have had the same answer.

Dexter
Masons email address; tony.mason@meridianpetroleum.com
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++


We are evaluating a CBM project currently. Orion and the other assets are all on track and we will inform the market when events become material.

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: Mon 3/6/2006 06:00
To: Information
Subject: BB rumours!


Dear sir/ madam,
would it be possible for you to clarify a couple of points for me ?, as there are, as you are probably aware, many rumours going around various BB`s.

1) Are you currently looking at a CBM project ?

2) Are the projects for which the fundraising was for on track ?
Sorry to trouble you at this busy time, and I do understand that you are not able to disclose price sensitive information.
Regards,
***** *******

16p is target until next news, which is not till next month

absolute crap- obviously not a holder!. this will drift between news releases as expected, i would also expect news much sooner than that.

potatohead - aka bluedolphin - aka katchenka

this is heading to 18p for sure, it will open at 20p in the morning, stop losses will get triggered and drag it down to 18p, then I will step in ;-)

can't wait-

Another brilliant start to the day ...

i know very annoying BUT keep the long term hat on espaceman!.

I will don't worry !

Victory started yesterday, news should be out this afternoon, watch the buyers return as the rumour circles

BUY NOW!!! NEWS IS COMING

thats whats SUEHELEN said on the DMR thread, ......................... we're still waiting!!! oh and suehelen as disappeared out of pure embarrasment, hope you're right, i will get in when i hear what ever it is your waiting to hear.

ph- thanks for that. i have bought some because of your info. many thanks!. look forward to rns this afternoon!.

I may sell my shares today , that way I won't need to go on this thread any more and read such utter sewage from spudhead .

Spudhead, appreciate your posts but yesterday you said, quote:

'16p is target until next news, which is not till next month'

Now can you enlighten today's BB post of news due this afternoon!

i advise people to get in after the news and not before, but that will be your decision!! also looking fowrd to this afternoons news, off out now so eargily awaiting to return to see what it will be. good luck.

yes, I wanted to top up at 20p, so I said a lower price ;-)

but the good news is Victory has now started according to my contact, so I imagine news will be out today, and latest tomorrow, but I reckon it will be today

Tony is in the UK on Monday, I imagine it is to announce the revaluation figures, which obviously will attract a lot of press so he will be present for interviews..

it all looks extremly good

Walter Mitty.

----------------------------------------------------------------

I can assure you that at this stage there are absolutely no plans for additional capital raising. All of our near term production targets are moving ahead very well and we will be in a position to make a release to the market very shortly. I do not see any issues going forward. I am not worried by this short term market activity and urge you to take a medium to long term view.

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

i am interested in this stock for many reasons but the australia asset imo could be big- i do believe an update is due mid march!. correct me if wrong?!

just flew home at 100 mph to read todays announcement, bit disappointed it hasnt been posted yet but a few hours yet. the share falling as also added the disappointment.

spudhead is probably just a 10 year old who kid who bunks off school and logs on to his parents pc and prats around on here (when he's not sniffing glue)

i got some news __ there was no news today (people seemed pretty certain there would be), tomorrow maybe????

Well I'm in on these ones..... bought 4195 yesterday.. now lets see about this news

Seems to be a big move in prices today.... maybe some news out today, hope so!

news should be definate, earlier post said he had a contact, so it must be so.

news after 5pm

F.O.S as usual

Great rise today, news anytime soon could be a fun ride!!

Can not wait till tommorrow.... Kivver do you have any of these shares?

Tony Mason is in the UK on Monday, BIG NEWS!!! BIG BIG NEWS!!!!, we may get to see it tomorrow, its also Tony's birthday on 15th... so imagine what he will be getting

I must admit that there seems to be a bit of hiking going on at the mo... some of the above posts seem to be a bit sensational... People should always be careful of what they read... Still beleive there is some good ground in these shares though, featured in Shares mag

no tonker, not in these, dont like headings like the one to this thread (not to say it might not be right). I have followed Kat with TFC, and she/he did get it right but it took much, much longer than she/he expected. The PET thread on here and on other bb's taught me not fully trust all this ''news should be with us very soon'' malarky. Good luck to those that are in.

I see Kivver. You seem to offer some good advice... Hopefully i will not fall into another one... What thread do you use the most?

Cheers tonker, most of the shares i have been following and helping to support have progressed very nicely and the biggest part of the rise MAY be over. Particularly like asos (asc), kenmare resources (kmr), wolfson (wlf) Alizyme (azm) risky,

For the long term i like Corus (cs.), iqe (iqe), National Grid (ng) and Morrisons (mrw).

Skypharma (skp) is going through a dodgy patch and not sure which way its going to go. Complete disasters (so far) have been cybit holdings (cyh) and bioprogress (bprg) but still in hoping for the best.

My sharers are
D1 Oils (DOO) risky but could be my best in time,
Miridian (MRP)... wait and see
Dimention Res (DMR)... got done there
Zambizi Nickle (ZNI)... risty but again has good potential
Angle (ANG)... what do you think?

you saucy devil tonker, you like a bit of spice in your deals. I suppose i like to go for the 'safer' sort of share. The ones you have gone for could explode in either direction, make or break. But why oh why did you go near dmr. lol. Suehelens kind of thread is one to stay well clear of. i dont know how she sleeps at night???? she lives in cloud cukukoo land. good luck with all your holdings. ps know absolutly nothing about angle, will have a look for you.

Tonker, I will be getting back into TFC very very shortly, they are going to rocket very soon, like next thursday, but hey, i may be wrong, wont stop me buying 500k in there, NU deal about to explode

Do not trust you

ok tonker, you can watch me ;-)...

thats me dribbling if you wondered, getting very rich ;-)

You are false

;-)

am i thou

Received this evening:

________________________
Dear Sir,
You are correct in your assumptions. I will be in London on Monday and as matter of course we meet regularly with our reserve engineers. I can assure you that we are moving as rapidly as we can, please be patient. News is forthcoming and there will be a further update very soon. It is my belief that the problems of 2005 are firmly behind us and that 2006 will be a very good year for the company. I appreciate your continued suuport and of course I will be delighted to take your call.

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

so what time do you lot think the rns will come today 11am or 3pm

i think you are a ramper, anyone thinking of buying this share should do own research... the above communication is almost 100% false.... if not please forward it on to me...

Tonker , Katcenka and Potatohead are thought to be the same person , even if they are not , they both talk equal quality of s**t

Was it not Katcenka that ramped MIL

Don't know .Never been in MIL

news out anytime soon today

I'm sure... this was said yesterday, and it did not happen...

Tony in UK on monday

NEWS OUT NOW, potatohead , everyone knows you are a loser.

You are acting like you know him... "Tony in UK on monday". Coments like this are ramps... WARNING- DON'T GET RAMPED !!

he says it so often that it is going to happen ONE day. although you would have to expect an update soon!- evaluation of australia asset update was due for mid march.

Cry wolf

Looking promising!

uuuhhhh??????

next week then with australia update as well expected mid march!.

lizard, you could be right, could be a tripple whammy, we could propel past 1

even 2 or 3 who knows keep your fingers and it might be a tenner in a year.

i'm eagerly waiting the australia update as this really could if positive give the company new further encouraging targets!.

katcenka, you are still trying it... I think 1 is way too ambitious, you need to be more pragmatic... Still trying to ramp these shares up, anyone who is thinking of investing in this company should do there own research...

i'm looking @ breaking 30p+ next week and holding this level. who knows long term levels 1 not off the mark if they keep progressing!.

if they get aussie... we will be over a 1 no problem, we should really be over 50p now... but who cares, I am 100% in this and well in profit

youve just summed yourself up there kat, your in profit so you dont care, i shall remember that when im following your tips (which ive never bought by the way.....yet).

another big rise tomorrow ;-)

oh yes!!!

Anymore of your so called contacts

up up and away, this is on an upward trend now, nothing can stop it IMO
Dexter

news must be coming, its moving up fast

Nothing to do with falling even faster earlier today?

news out!- progressing well- they have a LOT of interests here. very optimistic!.

that is some portfolio they are buidling -pleased to be in mrp long term. staying out of this complete mm sp manipulation!.

I like this company Lizard, they seem to be really well organised, there's no hype behind their news releases , just plain facts. I was in at 17.5p but will try and keep them as long as I can.

i've increased on drop 24.25p- this valuation is very low imo!. looks like progress is finally taking shape at meridian!.

expect a broker note shortly, like tomorrow

looking to update on cbm/australia - now that could get interesting!.

with this impressive expanding portfolio- 23.5p is pitiful!

It would appear that the recent update was already built into the share price , after the recent gains.

i think it just although solid confirmed what we know. what will lift the sp is positive news on australian asset/ coal bed methane cbm project.

This is really crap....the share price that is...

i know frustrating -but i'm holding!

Those frost laws seem to be delaying things too , once those are lifted things can pick upa bit of momentum. I know they've had some rough weather there , was watching ABC last night - loads of devastating tornados in that area.

MRP down 5.7%, TAG down 4.5%, VOG down 3% another poor day at the office!!

The price over the last two days is just suffering from shock. I believe a PI dumped over 1% of the company (with 30% profit) soon after the activity RNS came out and thinks just got out of hand.

If you believe in the re-valuation story, then I think the PI has done us a favour. Over the next few week good chance to top up, and, the churn in stock will allow the sp to rise futher. ( Need to offload some profit takers )

Anthony Mason flew over to London and has just given his resource engineers a lot of new work. I guess MRP have done the re-evaluation of resources in house and has asked the his London resource engineer consultants to review the calculations.

So now we just have to wait - and top up.
For me, the new possible resurves and the move to P2 and P1 will happen. it a no-brainer.

Perhaps they are waiting for Calvin production rates after hook up to enter into the calculations?

Here is a list that a poster on adfn maintains, I am expecting higher values.
Emery Hudson 5.2 bcf of gas,
Emery Hudson 67,600 boe,
Calvin 24.2 bcf of gas,
Calvin 980,000 boe,
Middleton Creek 134,000 bo,
Milford 400,000 boe,
Victory 3 bcf of gas,
Orion 3 bcf of gas plus condensate,
Australia 125 bcf of gas,
CBM 400 bcf of gas.

PS. I'm new to oilies

Thierry

med/ long term hold -aw

some steady buying ....

get ready for tuesday, TFC is going to fly fly fly

go to the aviva website and read there annual report, goto page 14 paragraph 5.. you will see why TFC will fly.. a hint 100,000 PAYD insurance

showing 22-23p as good support level- increased holding yesterday again. looking to update australia/cbm to be positive. now these could be big plays.

Morning all,
very quiet at the moment,Just thought i would post this again re. CBM. I like the bit about it being big busines in the US accounting for 10% of gas output, also although not a direct marker for sp, the increase in the sp of Heritage since getting into CBM.

Dexter

______________________________________

Interesting OilBarrell article today.
Not in that it relates to the co. featured but rather its comments on the West European gas market and CBM. Apols if it's already posted.


Aussie European Gas Ltd And London's Heritage Petroleum Both See Strong Share Price Rises On The Back Of Good News From Methane Gas Projects In France
Shares in Londons Ofex-quoted Heritage Petroleum have seen a strong rise in recent weeks almost trebling in value. The upswing after a pretty long dormant period seems to have caught investors by surprised. Several punters have contacted oilbarrel.com wanting to know what is going on. It may well be it is being on Ofex that is to blame. This junior market does not generate the kind of publicity even Londons AIM can drum up.

Whatever the reason for London investors being caught slightly unawares, it certainly has not been mirrored in Australia where Heritages partner in its European Coal Bed Methane/Coal Mine Methane (CBM/CMM) project has been trumpeting the good news from one of its projects since the tail end of 2005. The shares in European Gas, which was Kimberley Oil, have more than tripled in value as a result.

More than a year back Heritage Petroleum was joined by Kimberley, which paid 51,000 for a 10 per cent interest in certain of the Heritages CBM/CMM permits. This was to rise to a 75 per cent interest on Kimberleys part once Kimberley produced a reservoir study on each permit. The cost of each reservoir study was capped at 200,000.

Heritage had some interests in Spain which were sold off for 85,000. Subsequently, Heritage was awarded three permits in Italy. But the focus of interest and activity was France where after protracted negotiations the company was awarded three large licences. These were Bleue Lorraine permit in northeast France, the Gaz de Gardanne permit in the southeast of the country, which covers 563 sq kms and encompasses LArc Basin. Historical coal production from the basin totals some 80 million tonnes of sub bituminous coal. The third permit is the 730 sq km Gaz de Saint Etienne block in eastern France.

Kimberley, which had oil interests in the Canning Basin in Austraia, changed its name to European Gas to better reflect its activities and honed in on the Bleue Lorraine block. The permit covers 460 sq kms and includes a significant part of the Lorraine Basin which historically has produced more than 850 million tonnes of coal. The coal seams are of carboniferous age and are characterised as black gassy high-ranking coals. Cumulative seam thicknesses total 20 to 30 metres over 200 metre intervals.

Coal Mine Methane is methane gas which is trapped in old mines. If it seeps into the atmosphere it can become a dangerous pollutant with 23 times the damaging effect of carbon dioxide. Coal Bed Methane is mining old coal seams for gas. This is not an expensive process. Either way the gas if trapped can be used as a cheap domestic and industrial energy source. Methane gas has become big business in the US where it accounts for 10 per cent of total gas output. Prices in the US are, of course, sky-high. Europe is some way behind, but there is growing awareness of the potential.

Drawing on the extensive database of Charbonnages de France (CdF), the French state owned coal mining company, which enabled Kimberley (as was) to identify areas which have a high CBM content per unit area, the company completed its CBM inventory assessment for two major areas within the Lorraine permit. The two areas comprise 68 sq kms in total or approximately 15 per cent of the entire Lorraine permit of 460 sq km. The studies estimated there is 991.2 billion cubic feet of gas in place.

Now this is gas-in-place, which does not mean it is recoverable. Recovery rates can be as low as 10 per cent. Even if recovery rates are good it would not be until 2007 before production could take place, when the company would operate at least 30 wells. Still and all; nearly 1 trillion feet of gas onshore is a lot of gas. It was this announcement which started the European Gas share price spinning and, later, the Heritage Petroleum share price.

++++++++++++++++++++++++
PS> I LIKE THIS PARAGRAPH !
Tony McClure, Executive Director of European Gas, is upbeat about the project. He says: Based on valuations of other Australian coal bed methane companies if 50 per cent of the resource is recoverable, European Gas could be worth more than A$100 million." After share price rises in late February 2006 the market capitalisation was $A39 million.
+++++++++++++++++++++++


Looking at his Australian peer group there are companies such as Santos, Origin Energy and CH4 which produce coalbed methane in commercial quantities. But, according to European Gas, it is the West European natural gas market, with its substantial advanced infrastructure, including extensive pipeline networks and a free and open market that gives it an edge over its Australian rivals.

McClure says an indication of demand in this market is the natural gas price: 7 (A$16.50) to 10 per 1,000 cubic feet, as opposed to the Australian price of A$2 to A$3 per 1,000 cubic feet.

McClure was quoted in the Australian Financial Review as saying: As the only listed players in France; weve crept underneath the radar. People werent looking at it because the market is obsessed with the US, where the market is very developed. But Western Europe will be a much more competitive market in the not too distant future.

this was on my yahoo finance page, i know it`s a rehash of news we know but it is still extra coverage.
Dexter

________________________________________________


Friday March 17, 05:30 PM
Meridian reports on activities
LONDON (ShareCast) - Meridian Petroleum (LSE: MRP.L - news) eased back today following its recent good run after the oil and gas group with key (Advertisement)

assets in the USA and Australia updated on activities.

Permitting within the state of Louisiana is on schedule, it said, with work expected to start in the week of 27 March on the final completion and hook up will be in early April.

Permitting for the Orion asset has also started and is expected to commence drilling operations in the second quarter.

The company has started a leasing programme in the state of Mississippi in order to develop significant acreage positions over 3 specific Lower Tuscaloosa oil recovery projects.

Additionally, it has purchased and re-processed several seismic lines over the acreage prior to the commencement of leasing. It is likely that a 3D seismic survey will run over the acreage in question later this year with drilling operations scheduled for early 2007. Work on deepening the Victory (LSE: VRY.L - news) 1-21 well began on 6 March and is proceeding on schedule, although the Frost Laws currently in place in certain Michigan counties restrict the movement of heavy equipment.

Meridian has also completed a detailed internal review of a feasibility study on a significant coal bed methane prospect in a well known area of production in the US. Reserve engineers are reviewing the findings.

A complete technical review of the Dolores prospect by Meridian is underway and should be completed by the end of March 2006.

Chief executive Anthony Mason said, "This is a busy and exciting time for Meridian Petroleum following our recent placing of shares and as we push forward with our plans."

"We remain focused on moving towards production and building reserves and I am confident that we will be able to announce further progress in the near future."

Suspension-taken from Ample just to clear up what happens when a company gets suspended.
if a company is to be suspended for a revaluation, then it is is quite straight forward.
they simply suspend the share the new valuation of the company is calculated and thus a new share price is found ,could take a few days to sort out,so any t-traders who have an open position would be forced to pay for their shares.
you cannot buy or sell during suspension.
mrp could call for the company to be suspended at any time, if for example they have huge quantities of gas ,that would say value the company at 1.00 ,rather than massive flucuations in the sp which can damage its outlook,they would normally come back on the market at say fair value which is normally 33% less than the true value so would come back at say 67p.
this allows the company to be traded fairly,perhaps more shares issued to cope with the demand as well.

reval news not out till end of march

I have a feeling there will be lots of sells tomorrow

Prove it Katcenka mr Braindead!

see, lots of sells today and a dip in the price, it should continue till thurday

expected sp of 18p

in your dreams- want in do you katcenka!.

Should we be worried about this drop ?

imo i reckon it is the delays in moving equipment- 'frost laws' i think the yanks call them!. should be a fair amount of news coming in next few weeks on existing contracts not to mention australia (end of month) and us cbm project.

could get interesting hold tight!.

God , these shares are very fragile if it only takes "frost laws " to cause a nose dive.

17p is on the way chaps.. the stock has been shorted to death

possibly then again possibly not. this is starting to become annoying.

yes its going DOWN BIG TIME. OIL STOCKS NO LONGER THE IN THING...

END OF TAX YEAR HERE... PEOPLE WILL BE SORTING OUT THE CGT..

HEAVY SELLING WILL CONTINUE, A LOT OF PEOPLE BOUGHT SUB 10P, SO THEY MADE A VERY NICE PROFIT

Then whats the problem, they aint selling caus' its a bad stock, just realising some cgt.

It will be 1 by xmas.

LOL Just popped in to say I wouldn't touch this share with a bargepole just on the basis of the title of this thread, never mind any research.

Dont worry about the title its a good company! The person who started this thread a month ago now feels thats they were completely wrong and its not a bargain, in fact its only worth half of its current value even though nothing has changed.Guess they are probably still recovering from not getting rich on Tuesday...ref there traffic master shares which instead of making them rich fell 12%......Take 80% of what they put as wrong,the other 20% may come true just out of luck.

Steve

we will see tomorrow about TFC... but MRP is in a down trend

Meridian Petroleum PLC
Daily Commentary


Our system posted a WAIT today. The previous SELL recommendation that was confirmed was made on 23.02.2006 (27) days ago, when the stock price was 25.2500. Since then MRP has fallen -17.82% .

It is now a market with a firm decision to try the lower end. We already have warned you before with our previous confirmed SELL signal. Anyway, we believe that you have sold your shares and even opened a short sale position.

Our WAIT tag says all that is to say. Keep on staying short or at cash until the next signal. Do not bother yourself with any further buying or selling, as long as the WAIT tag stays.

[MOTTO OF THE DAY]
After selling, shorting whatever
Staying at cash is better than ever

I have shares in both and both have potential,TFC should go up tomorrow as it continually rose throgh out today.Just so i understand why did you start this thread on the 19th of Feb with this title, if 3 days later your system recommended to sell.
What changed so drastically between 19th of feb and 23rd?

MRP may fall a little more but within a month futher news will put everything right,similar to most shares in the oil business.

Please dont get me wrong,theres a lot more knowledgable people on this site than me and im confused as to your logic !!

Steve

i made a profit and ran... like most

double bottom here- hence bounce. could also be news? on way i expect>

aus/ cbm

Looking better than yesterday , shame , I was looking forward to 17 p...

i SMELL NEWS TODAY... LETS HOPE VICTORY IS GOOD NEWS, ALTHOUGH ITS ONLY 10% OWNED

CALVIN SHOULD START TO GO ONLINE ON MONDAY, OR EVEN EARLIER

she's gonna blow!!! 9mins to go

Calvin will be online on monday, SP should rise rather quick tomorrow in anticipation of news on victory and calvin

News on the way this afternoon

i suppose we will see ph. you are not one to take seriously but you will call it luckily one day!.

30days up.. expect news this afternoon from USA on calvin

WHY DO WE NEED 2 MRP THREADS RUNNING AT THE SAME TIME????

cause its fun???

or maybe big news is expected

it's also a pain!

OK NEWS ON WAY... AND IMMINENT... AND THIS TIME ITS IMMINENT, NIT IMMINENT LIKE LAST TIME BUT REALLY IMMINENT, LIKE TOMORROW OR EVEN TODAY BUT LATEST TOMORROW

spare me!!!!!!!!!!!!!!!!!!!!!!!

:-)

:-)

TAKEN FROM iii.............. MRP.L KeenEye
Er.. Email Quite real. His response was to certain questions put to him in my email. Those who wish to "guess" whether results will be good or bad is certainly up to you. I remain very confident in good results- IMHO

Enclosed please find complete contents in my email.. Those of you may continue to laugh if it pleases you.

Regards

********* ************ ***********
Tony Mason [tony.mason@meridianpetroleum.com] Add Contacts
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Date: 16-Jun-2006 12:57
To: < ********@vodafone.ie>
Cc:
Subject: RE: Meridian Progress

Thank you for your note. News on all of the subjects listed will be forthcoming very shortly. Suffice to say the news is positive and we are in good order going forward.

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: ******@vodafone.ie
Sent: Fri 6/16/2006 06:46
To: Tony Mason
Subject: Meridian Progress




Re: Meridian Progress

Dear Tony,

Firstly, I hope I am not disturbing you too much as I imagine you must
be quite busy. I am based in Ireland and I have a large holding in
Meridian Petroleum.
I await a progress report regards Calvin and I hope all is going well
for those involved. Would you have a approximate date for the release
of this Calvin progress report and an indication of its current status.

Also, in your own opinion, which of the company's future projects do
you most look forward to.
I wish you & the company the very best in the long term.

Regards,


***** ******.