Meridian Petroleum (EPIC: MRP)

Assets and Key Events

The following assets and events are based on the "Activity Update" RNS released on 27th April 2006. Victory 1-21 (10% WI) Fluid is currently being removed from the well, however it is continuing to produce gas at a rate of 150 - 250 mcfgpd. The removal of fluid is expected to take between 30 - 45 days, following which production is anticipated to rise to approximately 1 mmcfpd. Calvin 36-1 (80% WI 67.5% NRI) The Calvin well had substantial gas shows (see "Calvin Well Commercial" RNS 24-01-06). The company has experienced some small hold ups in obtaining the appropriate personnel and equipment, and now anticipates completion and tie in within the next 30 days. Meridian is developing plans to re-enter the Calvin 5 # 31 well to test the Rodessa zone and potentially produce from either the Sligo Petit or Redessa zones. This should require minimal capital expenditure and is planned to commence after the completion of 36 # 1. Orion (100%) The company has recently signed a second 40 acre lease block with the land owner. Permitting is on going and drilling operations are set to begin at the end of the second quarter. Based on data from earlier wells, the asset is believed to contain around 2.7 billion cubic feet of recoverable gas (See "Orion Lease Signed" RNS 14-02-06). Milford 36 (25% WI) The company plans to utilize coiled tubing on the well bore and drill several lateral legs. Drilling activity is likely to commence towards the end of the second quarter. Hustler (80% WI) Meridian has acquired the Old South Royalty lease in the centre of a defined area for potential production from the Lower Tuscaloosa oil sands. In order to develop this position further, the company has commenced acquisition of seismic leases, with an option to drill in some 800 acres around the Old South Royalty lease. The company is finalising an agreement to shoot 3D seismic with a Houston based partner. Emery Hudson The company is currently reviewing the 3D seismic data with a view to a possible re-entry in the third quarter. Coal Bed Methane Meridian has identified a significant CBM project in the USA. The study is with the company's reserve engineers. Following the review, anticipated in the next few weeks, the company expects to lease an initial foot print in order to undertake a pilot project. Australia The company has conducted a detailed review. The analysis reported several distinct hydrocarbon indicators and two potentially significant reservoirs. The data and supporting study are being reviewed by Scott Pickford in the UK, and an opinion will be rendered shortly.

Research

You should always do your own research before investing in a company, and you should not rely on comments posted here or on other sites as a basis for your investment descisions. The following links may be useful: Meridian Petroleum Web Site     Recent company RNS announcements     Oil Barrel

why have you started another thread, there are already 4 on the go?

Think there was a few mentioning it was time for a new thread.

KD.

Previous threads titled "New RNS released.." and "URGENT!!! BUY ME...." where thought to lack credibility, and may put people off looking any further at the company, so I said I would start a new one.

Strawbs.

This is much better Strawbs , thanks for doing it.

That's OK. When I get a chance to go back through some of the RNS's I'll update it with anything else I can find of interest.

Strawbs.

Also there is Middleton Creek.....

Rodders

Thanks Rodders. Header updated.

Strawbs.

Cheers

Much much better Strawbs.

KD.

oh I just created a new one for Calvin, your boring bunch

anyhow should start seeing a rise towards 2pm, news could be out this afternoon, hope they issue the reval figure along with it

Kulecat on iii knows something, get in now, he says buy now

The Louisiana State gas flare ban meant that gas was produced into a frac tank
on location. The pressures encountered were such that, with due regard for
safety, the well was shut in immediately after completion of the flow test.
Previous gas tests in this zone have indicated pipeline quality gas with a high
condensate content. Plans are now moving forward to get the well completed and
on line as soon as possible. A pipeline runs through the location approximately
100 yards from the well head to the Calvin field dehydration and processing
facility.

Excellent thread-perhaps we'll be taken seriously now.

I think it was Kulecat who tipped me MRP when they were 16p,so I would take heed of what he/she says.

didn't really need much tipping with such a low market cap- floated at 35p... i would suggest 100p is a fair value...i bought at 9.5p incidentally

Should be plenty of buying today,first day of new tax year,sp should rise again in anticipation of good news,could be anytime,rather be in than out,IMO.

Frost laws lifted, Milford can start going ahead now with getting the heavy equipment in

http://www.micountyroads.org/page.cfm/22/

rocketing i say

strawbs -at least we have a normal site now-well done -no need to ramp this stock ph -so reducing the crap would be appreciated!.

hear hear... stick to your own thread PH!

Feel these shares have some more northwards movement, but it will be down to the boom that is occuring in most of the energy market... I am a good 39% up on these, will be holding for the time being... Strawbs, are you in on these and what do you think the short term prospects are?

Thanks for the positive comments everyone. Glad to hear you like the new thread. The information in the header is put together from various company announcements, with links to the relevant RNS messages. As I advise in the research section, anyone thinking of investing should do there own research first, and not rely on the comments of others (especially the sort of ones that plagued our previous threads). I hope the information provided proves usefull, and is presented in a suitably impartial way.

I do hold some MRP shares. I personally invested because the company appears to have good assets, short term production (hence income to expand and fund further drilling), and sound management (they seem to be delivering at present). In my opinion there appears to be plenty of short and near term prospects, with the Calvin hook up, and hopefully positive drilling at Orion later this year. Long term will depend on how well the management locates and exploits new prospects, and the continued strength of the oil and gas market.

Good luck with your investments.

Strawbs.

my fist ever post om this sight dident know they had bb's

hold on folks -!

mkt cap still low!-

Some real strong moverment on these ones today, any idears

yes good company with major assets and a mkt cap of 20 odd million. doesn't make sense.

VERY GOOD NEW HEADER,STRAwbs,up over 100p.c. now right on ,up to 50 p.

surely mkt cap must be in line with floatation high of around 52p -if not more, mrp are now in a much stronger position than then!.

over valued at float under valued now.

one to tuck away imo!

i like the site strawbs -useful to keep the activities section for all to view!.inc all relevant updates as and when they come!.

This is interesting reading for those who want to understand Meridian's interest in Michigan where many of its PROVEN and previously producing assets are based

-------------------------------------------------------
HYDROCARBONS: OIL AND GAS

Less than 90 years ago Michigan had no refineries and no oil wells. With the breakup of the Old Standard Oil company into separate companies in 1911, the petroleum industry entered into an era of stiff competition--an era which is producing the technological progress necessary to match automotive improvements. Small "shows" (a "show" is a successful well) of oil had been reported in Michigan before the turn of the century, but it was not until 1925 that the Saginaw Prospecting Company, headed by James C. Graves, brought in the states first commercial well in Saginaw County. In the 30 years which followed, Michigans relatively shallow fields have produced 385 million barrels of crude oil and 300 billion cubic feet of natural gas.
Michigans oil and gas industry began in 1925 when oil in commercial quantities was drilled near Saginaw. Since then, more than a billion barrels of oil and 3 trillion cubic feet of gas have been produced in the state--all in the lower peninsula (see below).

In 1970, hydrocarbon (oil and gas) production in Michigan took a giant leap forward with the discovery of the Niagara Trend. In the 1980's a similar discovery occurred when natural gas was hit in deeper strata known as the Prairie du Chien formation, and in the Antrim shale. These last two discoveries took Michigans gas production from 40 billion cu feet per year (1975) to 170 billion cu feet in 1990. In 1990, Michigan was the 16th largest oil producer and 13th largest gas producer in the US in 1994, and tops among midwestern states.
Petroleum and natural gas are trapped in various ways in sedimentary rock layers. The 14,000 ft of sedimentary rocks found on top of the Precambrian rocks in Michigan represent great potential for the accumulation of oil and gas. However, rocks that produce much of the petroleum and natural gas in other parts of the United States and the world---of the Mesozoic and Cenozoic eras---are largely absent from the Michigan geologic column. Thus, liquid fossil fuels in Michigan must come dominantly from the sandstones, limestones, and shales of the Paleozoic era.
Oil and gas originate when organic materials, trapped in ocean-bottom sediments, decompose within the rocks and form oozes and liquids known as hydrocarbons. Hydrocarbons then migrate along and within permeable rock layers until they get to an area that is impermeable--areas called "traps".
One of the major oil and gas "traps" in southern Michigan is the Albion-Scippio Trend, in Jackson and Calhoun Counties (see map below). Other important structural traps include the Howell anticline and the Sanilac Fault.


At the edges of the Michigan Basin, many pinnacle reefs grew, formed and became buried. Today they are our major oil and gas production areas. In 1979, 55 of the 83 counties in Michigan were producers for petroleum---all of them were in the Lower Peninsula. In fact, only 13 counties in the Lower Peninsula produced no oil, and six counties produced over 1 million barrels. All of these six counties lie within the Niagaran-Silurian Reef system, which has been exploited since the late 1960s because improved technology and higher prices made greater profits possible, despite the considerable risk involved. Five of the six counties are in the northern Niagaran Reefs area---currently the most active oil and gas region in Michigan---where production began in 1969. Considerable amounts of oil and gas were sealed in the Niagaran Reefs, which formed along the edges of a salt sea that covered Michigan during the Silurian period. The pinnacle reefs were coral formations that long ago changed into porous, carbonate rock. They are isolated from one another and average from 100 to 200 acres in size
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meridian more good news to come dont sell keep buying

i will despite whatever it does monday- it could go either way!. but will hold firm!.
increase on any pullbacks IF/WHEN this happens?.

When sp goes to 150p I will top slice and get a free ride,the institutions can have what I sell then, not at this cheap price though.

Yes well done strawbs, i will now start having a look at look at this share, hope the hyping muppets learning something by the more conservative posts.

I normally ignore or squelch the "hyping" posters. In my opinion, factual or relavant information will do far more to promote the merits of a share to potential investors, than wild or misleading statements.

Strawbs

MM's short of stock-Hope to see significant rise again tomorrow,will see several tree shakes,but buying pressure will force price up again.

From Oil Barrel.com

"Meridian Petroleum Plans Kitty Litter Solution To Bring Sour Gas Project In Michigan Onstream
Meridian Petroleum has added another 3 billion cubic feet of proved and probable reserves to its portfolio with the addition of the Orion sour gas field in Michigan in the US. The field is home to two wells that were drilled and produced at rates of between 2 and 4 million cubic feet per day during the late 1980s and early 1990s but were then shut-in because of the hydrogen sulphide content of the gas.

AIM-quoted Meridian has submitted a plan to the Michigan Department of Environment to get this gas deposit back into production. The plan, which has been accepted by the DoE, involves a single well and two sulphur treat towers, a facility that is expected to cost between US$1.25 and US$1.5 million.

This is not a huge amount of money given the size of the reserve, the fact its onshore and these are 2P reserves, chief executive Tony Mason told oilbarrel.com.

The sulphur treat towers, about 15 to 20 ft high, are filled with kitty litter type material, which extracts the unwanted gas so that clean gas flows into the pipeline. The end product is biodegradable. This is a neat solution, helped along by the fact the planned well site lies in old industrial ground next door to a major gas line. The project economics are also enhanced by reasonably rich condensate content of the gas, said Mason.

The company doesnt plan to re-enter the existing wells because their position is unsuitable for the sulphur treatment facility and the holes are of uncertain quality. The new well, which the company plans to drill in the second quarter when Michigan begins to thaw, will be directionally drilled, putting the well cost at around $500,000-$600,000. This is by no means a company-making project - Meridian expects the sustained flow rate to come in between 2-4 million cf/d like the previous wells - but it does add further near-term production to the companys portfolio.

The company has a number of these near-term production projects in the pipeline (and, unusually amongst its AIM peers, already enjoys production from its Emery Hudson property in Michigan). These include the Milford 36 project in Michigan, where the company is awaiting the arrival of sophisticated perforation equipment that it has used so successfully on the Calvin field, in order to bring this project to fruition.

The Calvin field is the current star performer in the portfolio, following the recent success of the 36-1 well, which flowed more than 1 million cf/d of condensate-rich gas from the Sligo Petit zone. Meridian hopes to get the field onstream shortly and then plans to re-enter an old well, 35-1, to target the Rodessa zone. It is also eying previously undrilled deeper zones on the field as well as seeking to add to its position in the Calvin area.

This is proving to be an interesting project and one that is back on track after the frustrating delays of last year. Meridian was not alone in being at the wrong end of the inevitable equipment shortages that are now a common feature of the booming North American market, particularly in the Gulf area, but investors proved impatient and unforgiving. 2005 was, admits Mason, a horrible year from that point of view.

The company isnt a one-country play. It is also active in South Australia, where it is keen to get to grips with the Dolores prospect in the Arrowie Basin once native title has been confirmed. The company has a 100 per cent working interest in the prospect, which is reckoned to hold around 125 bcf of gas and lies just 25 km from the existing Moomba-Adelaide gas line.

Meridian has reprocessed all the original stack data and old seismic lines and hopes to complete its analysis of the original seismic field tapes by mid-March.

Weve had an additional slew of data from the government in Australia, which has been really helpful, said Mason. What we are seeing looks like a pretty significant reservoir although were not sure how we handle it commercially.

It all adds up to an interesting low-to-medium risk exploration portfolio, with plenty of near-term production in train to make sure growth is underpinned by cashflows: sensible and boring in Masons words but one for those who dont have the appetite for the white-knuckle ride offered by some of AIMs wildcatting E&P stocks "

Those wishing to purchases should do so before 10 am when the market begins to wake up. Would expect heavy overseas buying when US opens. Several US broking houses will soon begin to cover this stock as primary assets are US based.

Thanks DT - I have just bought - bang on time - cheers

This stock is becoming very toppy indeed.Its sp already exceeds fair value for calvin without official news its come on line.!
Take into account placings at 10p 14p and its institutional shareholders running for the hills at 15pish and its failure to deliver upon its promises I think people need their heads examining paying the current asking price of 38p....absolute madness.

Case of punters being sucked-in, they will get burnt with MRP at these prices.

Reluctantly I feel you could be right. The price seems to have risen for the past 5 days, and beyond my own price target, so Calvin could well be factored in at these levels. I suspect a correction isn't too far away. As always though. Just my opinion.

Strawbs.

Far too overvalued...a correction is due with a steep drop

about to rally up, 2pm approaching, will it break 40p this time, err YES I DO THINK SO!!!

Looks like you might be right for a change PH !!

Just be careful girls/guys this is over valued and over bought when it drops it will be fast.Have a look at previous company announcements last year they were bringing Calvin on line by the end of the year to take full advantage of winter gas prices.We are still waiting for that even though it is still imminent,to date the company has been a serial dissapointer.
As for the current sp well no doubt as soon as the rns is released to confirm Calvin hook up there will be the usual mugs who buy in blind however to support the current sp the gas flow rate is going to have to be impressive .
As always dyor .

I have sold all mine now... 78% profit in 6 weeks, fairly happy about that

I suppose I should probably sell too. It's difficult though, as in my opinion the company seems to have pretty good prospects. Still, I held onto my CHP shares up until the primavera RNS, and that proved to be the wrong decision, so maybe I should! Arrrgggghhhh. Investing is so annoying sometimes.

Strawbs

still low mkt cap considering!. a fair rise and we will possibly see a pullback but i'm holding firm on these. saying that i would not be surprised if we see 50+p sooner rather than later.

What is MRP worth... It is worth in a Stock market, exactly what someone else is prepared to pay for it.

Fundamentals are very important, as I've oft said, but then there is hope value, potential etc.

Even if we computed exactly the value of assets, that does not equate to being the 'worth' of the company, which is why for so long many of us thought it was undervalued, albeit the market didn't, but where as seems to be happening with MRP the market wakes up to the 'value'! For the record I wasn't in at 7p. I think Ginger and others were here before me, so I don't pretend to have spotted this gem when they did.

Talk of 2 this year, yes of course it could be, but it could be x, y, z and noone with any certainly can tell you, although for me if its 1.20 next year, that still a pretty good rate of return, so whether its 1.20 today, tomorrow or next year to me...it's well worth the wait, and yes, it could be another Cairn. Cairn also started as a minnow.

Today's price can hardly be said to be dear, and I think some doubters who are perfectly entitled to have doubts, are doing so based on the price a few months ago, to the price today, whereas what they should focus on is what price the company floated at, and where we are now and on that basis, either it was far too dear at the outset, or else we are still too cheap now.

The market ultimately decides, and MRP is in a very unusual position of having several items likely to fall into place within the space of a few months, where virtually any one from 4 will enable MRP to go forward, acquire more assets and work more assets, let alone all of them succeeding.

Some suggest placings etc., but I don't really see what point a placing would have in MRP's arsenal, if cash will be available.

IN that event scrip issues are a more likely scenario for the future, if, as has been suggested more shares are needed 'because of institutional demand'.

From my point of view they can go sing for them! They have every opportunity of filling their orders in the market, and if by doing so it raises the sp, then so be it, as that is how the market should work...not preferential treatment for institutions who already get quite enough breaks.

What is so difficult to consider with MRP is that unlike companies who may only have one project to look forward to, with finely balanced chances of success, in MRP's situation, they have several projects, all of which have a very good chance of being profitable plays, so its then hardly surprising that the sp has increased, because you cannot now buy MRP just based on the next RNS, you have to consider All the other assets and the effect of ANY assets being on line, because that is where the real mileage for MRP comes into being.

Price of MRP 72 m shares in issue
38.25
Market Cap. [m]
24.52

Victoria oil: 100m shares in issue
201.00 -
Market Cap. [m]
200.99

you would have to think it is worth more than its float price high 52p. which imo was a total over valuation now as we are seeing the mkt is putting a fair value on the company total under valuation which should be over this mark imo.

It is starting to fall as the sp has gone up too quickly...still overvalued at 36p

we will see in 6 months!.

watch this rocket this afternoon

don't think so! ph. seems strange but pleased to see a drop.

hold for the long term!.

The market is closed on GOOD FRIDAY and EASTER MONDAY,so only two trading days left to get in here cheap.I believe NEWS will be out next week,so anyone not in now is going to miss out bigtime,IMO.

Calvin is hooked up now so its probably too late to buy in imho...

Strawbs, have you sold yet?

sold are you mad?.

next few sessions could be a bit bumpy- but i'm holding these med/long term!.

Hi Tonker,

Yes. I sold on Monday before the close. The price was more than double what I paid for them, and since they had exceeded my price target, I preffered not to take the chance of a sudden price collapse "post RNS", as happened with my CHP shares. I'll probably buy them back if the price drops sufficently and stabalises (same with CHP), as I still feel they have good medium to long term prospects. In my opinion the price is too hot at the moment though.

Strawbs.

pleased for the pull back after decent run!.

hoping for this as had the kiss of death rns before when they release the

'no reason for share price movement' statement'.

sold half holding at 35.4p hold rest med long term looking at better entry point for funds to reinvest which is approaching imo.

I thought about "top slicing", but my "things I want to buy list" is always bigger than my "cash available pot". So these days I set an entry price, and if it reaches that point I buy back, otherwise I use the money elsewhere.

Strawbs.

strawbs; have you looked at goo?!.

decided to buy in at 33.5p...should see a big rally now before Calvin news released before Easter

Lizard,

Yes. It's on my list to keep an eye on. I haven't bought any yet though.

Strawbs.

Calvin now online according to poster BLUEDOLPHINE on ADVFN and BRAINDEAD01 on iii,they are the same person,but could be right,usually posts a lot of rubbish though.

every man and his dog is waiting for this news, all the big profits taken in the oil sector today are now poised to plough into MRP. This is going to blow sky high on good RNS

do they know something!?

If there was truly news on Calvin there would be an RNS on same ..... there isn't, so at best, someone is a clairvoyant! ...... Nevertheless, sp is currently +2.5 on day

WELL THAT DIDN'T LAST LONG- i suppose 40p level resistance!.

why should a share rocket just because one wants it to? ..... A little patience ...... News will be forthcoming in its own time, whether good or bad

why shouldn't it rocket!.

this company is clearly undervalued with current assets let alone potential of australia and coal bed methane projects under analysis!.

morning all,
i don`t know if this has been posted, but the way the sp has rocketed since it was released shows how important CBM could be
Dexter

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

Fortune Oil PLC
18 April 2006



18 APRIL 2006

FORTUNE OIL PLC
('Fortune Oil' or 'the Company')

Liulin Coal Bed Methane


The Company is pleased to announce a conditional agreement to take a 60%
interest in a company formed to develop coal bed methane ('CBM') gas reserves in
the Liulin block in Shanxi Province, China. The other 40% shareholding will be
held by Molopo Australia Limited ('Molopo'), an ASX-listed company with
significant experience in the development of CBM in Australia. In 1999 a
subsidiary of Molopo signed a Production Sharing Contract ('PSC') for
development of the Liulin block with CUCBM (China United Coal Bed Methane
Company), a PRC government entity responsible for all CBM PSCs. Subject to
approval by the Ministry of Commerce, the foreign contractor rights in this PSC
will be extended and transferred to the new company, Fortune Liulin Gas Company
Limited, registered in Hong Kong. The initial obligation of Fortune Oil is to
commit US$2.5 million for further field appraisal, to be financed from the
Company's cashflow.


CBM consists of natural gas that is trapped within coal seams. China has one of
the world's largest reserves of CBM and its development is being encouraged
because of resource limitations and the need to remove gas from coal reserves on
safety grounds. To date CUCBM has signed over 20 PSCs with foreign companies
but the industry is only just emerging and China's CBM output is small at 100
million cubic metres per year. The industry has now been spurred by the
development of local gas markets and supply infrastructure, particularly in
Shanxi Province which has the two largest CBM basins.


We believe that Fortune Oil is the only foreign company controlling pipelines
and reticulation networks for supply of natural gas in Shanxi Province. This
gas is sourced from the Shaanxi-Beijing trunk pipelines which pass through the
province and are operated by our partner in the Fu Hua natural gas business. As
CBM fields are developed the gas will be supplied initially to local markets by
truck as compressed natural gas (CNG) and ultimately to Beijing as pipeline gas.
Therefore, once the Liulin block has been commercially developed, we envisage
the gas being supplied to Fortune Oil-controlled gas distribution companies such
as the Tongzhou CNG station in Beijing. This will provide Fortune Oil with an
independent source of gas and increase reliability of supply for our downstream
businesses.


The Liulin block is one of the best geologically proven CBM blocks in China.
Analysis from coal holes and exploration wells has indicated an in-place gas
resource of approximately 0.8 trillion cubic feet ('TCF'). With a successful
appraisal programme, this resource may be converted to recoverable reserves in
the order of 400 billion cubic feet (12 billion cubic metres) in an area of
approximately 200 square kilometres. The gas recovered to date is over 95%
methane, located in three main coal seams at a depth of 400 to 700 metres. The
coal parameters such as permeability, gas content and seam thickness are
favourable for CBM drilling, as advised by our technical consultants, Advanced
Resources International, Inc of Virginia, USA.


A Molopo subsidiary, Lowell Petroleum NL ('Lowell'), started to explore the
Liulin block over 10 years ago and drilled 4 vertical exploration wells under
the PSC in 2000. Under the terms of the agreement with Molopo, approval will be
sought from PRC authorities for the PSC to be extended and the rights
transferred from Lowell to Fortune Liulin Gas Company Limited. Fortune Oil
would then commit US$2.5 million for further appraisal over the next year and be
entitled to a 60% shareholding in the company, with Molopo retaining a 40%
interest. This would involve further drilling, in particular using techniques
recently applied successfully in China and Australia. Should this appraisal
work prove successful, then we anticipate commercial development of the block
commencing after two years.


The agreements for extension and transfer of the PSC are now being approved by
CUCBM for submission to the Ministry of Commerce for final approval, which we
expect to receive by end of May.



Bruce McGowan, Executive Vice-Chairman of Fortune Oil, stated:


'This is our first step into the upstream gas business. We are very excited by
the long-term potential of China's vast CBM resources and the synergies with our
gas distribution business. Development of Coal Bed Methane reserves is very
important for China to provide clean fuels for the community. Molopo's
experience in CBM development in Australia and its knowledge of the Liulin block
provide an ideal partner for Fortune Oil in developing our CBM business - the
combination is very powerful. All upstream developments have risk and we cannot
expect immediate results but the Company is very well placed to take advantage
of China's CBM opportunities and the accelerating demand for gas.'

Heard that the Calvin news will be released by end of this week.

mrp have an interest in a cbm project (under review) so this could move the sp if positive?.

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thanks for your time

Ok here is some long awaited news

Meridian Petroleum PLC
27 April 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, today issued the following update on its activities.


Victory 1-21 (10% WI)

As a result of the completion and acidization of the well, fluid is currently
being removed from the well bore. However, the well is continuing to produce
gas at the rate of 150 - 250 mcfgpd during this process. The removal of this
fluid is expected to take between 30-45 days following which it is anticipated
that production will rise to approximately 1 mmcfpd. The well deepening enabled
an additional 31 feet of net pay to be exposed. The well is on line and tied in
to the local system.


Calvin 36 # 1 (80% WI)

The Company is proceeding as planned with the completion and tie in of the
Calvin 36 # 1 well. This is a complex reservoir and requires a conservative and
well considered approach. The plans for completion are still on track although
the Company has experienced some small hold ups in obtaining the appropriate
personnel and equipment at the right time. The Company is maintaining a
conservative and realistic approach and will keep the market informed
accordingly. The Company anticipates completion and tie in within the next 30
days.


Meridian is developing plans to re-enter the Calvin 5 # 31 well to test the
Rodessa zone and potentially produce from either Sligo Petit or Rodessa zones.
This well is already cased and as such this planned work over is anticipated to
entail minimal capital expenditure. Re-entry is planned to commence after the
completion of the 36 # 1 well.



Orion (100% WI)

The Company has commenced the permitting process with the State of Michigan DEQ
and has recently signed the second 40 acre lease block with the land owner
therefore enabling an 80 acre unit to be established. A survey of the surface
location has taken place and steps to enable the relevant insurance coverage to
be put in place have commenced. Drilling activity is likely to commence, based
on permitting and approvals, towards the end of the second quarter.



Milford 36 (25% WI)

The Company plans to utilize coiled tubing on the well bore and drill several
lateral legs. Drilling activity is likely to commence towards the end of the
second quarter.



Hustler (80% WI)

Meridian has acquired the Old South Royalty lease in the centre of a defined
area for potential production form the Lower Tuscaloosa oil sands. In order to
develop this position further the Company has commenced acquisition of seismic
leases with an option to drill in some 800 acres around the old South Royalty
lease. The Company is finalizing an agreement to shoot 3D seismic with a
Houston based partner over the entire acreage position, possibly in the 3rd or
4th quarter. Utilization of 3D seismic will minimize dry hole risk by the
clearer identification of the sand channels initially identified by the Company
with the re processing of the original 2D seismic lines.



Emery Hudson

The Company is currently reviewing the 3D seismic data with a view to a possible
re-entry in the third quarter.



Coal Bed Methane

Meridian has identified a significant CBM project in the USA on which a detailed
feasibility study has been completed by an independent consultant in the region.
This study is currently being reviewed by Scott Pickford, the Company's
reserve engineers. Following the review by Scott Pickford, anticipated in the
next few weeks, the Company expects to lease an initial foot print in order to
undertake a pilot project.



Australia, Dolores Prospect (100% WI)

Meridian has conducted a detailed review of all of the original data associated
with this prospect. This in turn entailed the re-processing of the original
seismic lines and also a detailed AVO analysis on certain portions of these
lines. This analysis reported several distinct hydrocarbon indicators and two
potentially significant reservoirs. This data and the supporting study are
being reviewed by Scott Pickford in the UK and an opinion will be rendered
shortly. The prospect is located approximately 40km West of the Moomba to
Adelaide pipeline and is therefore not 'stranded gas'.



Anthony Mason, Chief Executive of Meridian said:



'Meridian continues to move its key projects forward with the primary objective
of achieving stable and sustainable cash flow. We are particularly encouraged
by the potential of our CBM and Australian prospects studies which are currently
being assessed by our reserve engineers.'



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



Enquiries:

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


Westhouse Securities (020 76016100)
Bill Staple
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

wouldn't want to be out of these atm!

Good out look for the future , the share price was up 4.5 earlier on , but at the moment it's hardly on fire ...

yet!- eagerly awaiting review on australia and cbm!

I guess today's news is already incorporated into the sp, that is why the sp has not gone up significantly.

from oilbarrel.com:

30.04.2006
Meridian Petroleum Successfully Deepens The Victory 1-21 Well And Hopes To Get Calvin 36-1 Onstream Shortly
AIM-quoted Meridian Petroleum has had an explosive start to 2006, with its share price increasing four-fold over the first five months of the year, triggered by the success of its Calvin 36-1 well in Louisiana, which flowed more than 1 million cubic feet per day of condensate-rich gas. Whats more Calvin is just one of a number of near-term production projects now edging towards delivering solid and sustainable cashflows for the AIM-quoted firm, which in February raised 1 million through a placing.

There has been, for example, a positive update from the Victory 1-21 production well in Michigan, in which Meridian has a 10 per cent working interest. The well is now producing gas at a rate of between 150,000 and 250,000 cubic feet per day after it was successfully deepened in March, a procedure which exposed an additional 31 feet of net pay. After deepening, the well was treated with acid to stimulate flow and the excess fluid is now being removed from the wellbore. The flow rate is expected to surge to around 1 million cf/d as this work is completed over the next month.

The company has also made progress with its 3 billion cubic feet Orion sour gas project, also in Michigan, of which it holds 100 per cent. The field is home to two wells that were drilled and produced at rates of between 2 and 4 million cubic feet per day during the late 1980s and early 1990s but were then shut-in because of the hydrogen sulphide content of the gas.

Meridian plans to get this gas deposit back into production using a single well and two sulphur treat towers, a facility that is expected to cost between US$1.25 and US$1.5 million. The permitting process is underway and the company has extended its land holdings here to enable an 80-acre unit to be established. Drilling activity is likely to get underway towards mid-year. Meridian expects the sustained flow rate to come in between 2-4 million cf/d like the previous wells.

Progress is also being made at the Calvin field in Louisiana, the star performer in the field after the 36-1 well flowed more than 1 million cf/d from the Sligo Petit zone. Meridian has an 80 per cent working interest in this project. There have been some delays getting the well onstream due to the difficulties of getting the right people and equipment in a tight market. This is a complex reservoir and Meridian believes it is better to do it right than to do it quickly with less than optimum equipment.

It now hopes to get the 36-1 well tied in over the next month, when it will then re-enter an old well on the field, 35-1, to test the Rodessa zone and potentially produce from either the Sligo Petit or Rodessa zones. The well is already cased so this should be a low-cost workover.

Meridian is also expanding its acreage position in Mississippi, where it is leasing acreage positions over three Lower Tuscaloosa oil recovery projects. The company hopes to shoot 3D seismic over the acreage in question later this year with drilling operations scheduled for early 2007.

In the meantime, the company is excited by a new coal bed methane opportunity in the US. Meridian has hired petroleum engineering consultancy Scott Pickford to review an existing detailed feasibility study, which, if the outcome is positive, will encourage the company to lease an initial foot print in order to undertake a pilot CBM project.

There are also signs of progress in Australia, where Meridian holds 100 per cent of the Dolores prospect in the Arrowie Basin. Dolores is reckoned to hold around 125 bcf of gas and lies just 25 km from the existing Moomba-Adelaide gas line. Meridian has conducted a detailed review of all of the original data held on the Dolores prospect and reprocessed old seismic lines. This work has pointed to two potentially significant reservoirs. Scott Pickford is now reviewing this work. Meridian is also cheered to hear that its Australian lawyers expect a positive outcome from their negotiations on native title applications within the next few months. Until these negotiations are concluded, work cannot get underway on Dolores.

It all adds up to an interesting low-to-medium risk exploration portfolio, with plenty of near-term production in train to make sure growth is underpinned by cashflows.

Sunday Times
April 30th 2006

"This weeks potential speculative young superstar is Rift Oil. Sadly, as I write, it has doubled in the few days since its launch and by the time you read this its 12p may be far behind it. If the price isnt around 12p when you read this, let it go; instead look to tiddler Sefton Resources. Meridian Petroleum is looking strong and if you love the far reaches of volatility, ultra-unpredictable Regal Petroleum offers explosive speculative action."

safer bet is mrp imo- although v short term ?- but med to long looking good.

I like MRP too ...... Have already been invested for several months, though I took some profit off the table a couple of weeks back ..... There seems some quite firm resistance at 40, but with sp now back around 32, there is room to manoeuvre.

As for RPT!!!! ...... well, I am very happy to be running a smallish short position there.

By the way, I don't know the excitment surrounding RIFT, but sp has certainly left 12p well behind ..... you can currently buy at 9.88!

Actual and potential MRP investors will like this article form oilbarrel.com dated today (1st May) ......

"Meridian Petroleum Successfully Deepens The Victory 1-21 Well And Hopes To Get Calvin 36-1 Onstream Shortly
AIM-quoted Meridian Petroleum has had an explosive start to 2006, with its share price increasing four-fold over the first five months of the year, triggered by the success of its Calvin 36-1 well in Louisiana, which flowed more than 1 million cubic feet per day of condensate-rich gas. Whats more Calvin is just one of a number of near-term production projects now edging towards delivering solid and sustainable cashflows for the AIM-quoted firm, which in February raised 1 million through a placing.

There has been, for example, a positive update from the Victory 1-21 production well in Michigan, in which Meridian has a 10 per cent working interest. The well is now producing gas at a rate of between 150,000 and 250,000 cubic feet per day after it was successfully deepened in March, a procedure which exposed an additional 31 feet of net pay. After deepening, the well was treated with acid to stimulate flow and the excess fluid is now being removed from the wellbore. The flow rate is expected to surge to around 1 million cf/d as this work is completed over the next month.

The company has also made progress with its 3 billion cubic feet Orion sour gas project, also in Michigan, of which it holds 100 per cent. The field is home to two wells that were drilled and produced at rates of between 2 and 4 million cubic feet per day during the late 1980s and early 1990s but were then shut-in because of the hydrogen sulphide content of the gas.

Meridian plans to get this gas deposit back into production using a single well and two sulphur treat towers, a facility that is expected to cost between US$1.25 and US$1.5 million. The permitting process is underway and the company has extended its land holdings here to enable an 80-acre unit to be established. Drilling activity is likely to get underway towards mid-year. Meridian expects the sustained flow rate to come in between 2-4 million cf/d like the previous wells.

Progress is also being made at the Calvin field in Louisiana, the star performer in the field after the 36-1 well flowed more than 1 million cf/d from the Sligo Petit zone. Meridian has an 80 per cent working interest in this project. There have been some delays getting the well onstream due to the difficulties of getting the right people and equipment in a tight market. This is a complex reservoir and Meridian believes it is better to do it right than to do it quickly with less than optimum equipment.

It now hopes to get the 36-1 well tied in over the next month, when it will then re-enter an old well on the field, 35-1, to test the Rodessa zone and potentially produce from either the Sligo Petit or Rodessa zones. The well is already cased so this should be a low-cost workover.

Meridian is also expanding its acreage position in Mississippi, where it is leasing acreage positions over three Lower Tuscaloosa oil recovery projects. The company hopes to shoot 3D seismic over the acreage in question later this year with drilling operations scheduled for early 2007.

In the meantime, the company is excited by a new coal bed methane opportunity in the US. Meridian has hired petroleum engineering consultancy Scott Pickford to review an existing detailed feasibility study, which, if the outcome is positive, will encourage the company to lease an initial foot print in order to undertake a pilot CBM project.

There are also signs of progress in Australia, where Meridian holds 100 per cent of the Dolores prospect in the Arrowie Basin. Dolores is reckoned to hold around 125 bcf of gas and lies just 25 km from the existing Moomba-Adelaide gas line. Meridian has conducted a detailed review of all of the original data held on the Dolores prospect and reprocessed old seismic lines. This work has pointed to two potentially significant reservoirs. Scott Pickford is now reviewing this work. Meridian is also cheered to hear that its Australian lawyers expect a positive outcome from their negotiations on native title applications within the next few months. Until these negotiations are concluded, work cannot get underway on Dolores.

It all adds up to an interesting low-to-medium risk exploration portfolio, with plenty of near-term production in train to make sure growth is underpinned by cashflows. "

The wait will be over very shortly, but then we have a full agenda of news, which is what makes MRP such a useful and productive share. Other oilies that I own, may have one drilling in place, with a cap as large as MRP, no production, and I consider them cheap!

MRP has such a full agenda, and most of it news that will hit the markets within a few months, literally....and that's not including the CBM play, or Dolores.

It would not surprise me to hear of a farm in for the Aussie project, but which whilst bringing production that much nearer, would IMHO not be necessary, but still very exciting prospects.

With pundits talking the price of oil down, but apparently unsuccessfully, there seems little chance of it going down for anything more than a few weeks, but talking it down wont alter the fact that China and Asia's needs have to be met from somewhere.

Politically the situation is even worse than during the Iraq war and where even if the situation is sorted with Iran, others have pushed their head above the parapet to bring even more instability. Chavez, whilst having the second largest oil reserves in the world (the first if you cound extra heavy oil), is going all out to be President of South America, and putting a lot of his neighbours noses out of joint, and focusing the US even more on indiginous or safe supplies.

It would not surprise me if the situation gets worse with Chavez being subject to sanctions too for seizure without compensation...Nothing to do with politics but everything to do with the big oilies exaacting revenge, which they always do.

So talk of $20 a barrel oil, seem very far removed unless by some decree they change the barrel from what 42gallon to 10gallons.

$20 pb is a total nonsense, but then so imo is $100, at least in the foreseeable future ..... In the very short term, as summer consumption is lower, I would not be surprised to see some weakening, but suspect the bottom will be no lower than $65 ..... Of course, if political disruption intervenes, there result may even be an increase to say $75 while the situation is resolved ...... However, much political noise is purely sabre rattling and has little bearing on reality.

Meridian Petroleum upbeat on Delores
MoneyAM

Meridian Petroleum said the Delores prospect in south Australia is estimated to hold gas-in-place of 547 billion cubic feet.

Delores is located at the Arrowie Basin, onshore south Australia, about 40 kilometres east of the Moomba-Adelaide gas pipeline linking the Cooper Basin gas fields to the south Australian gas consumers.

Meridian, which has a 100% working interest in the licence, said it is planning to drill the area later this year.

Scott Pickford, part of RPS Energy, carried out an independent evaluation of the site, it said.

I emailed TM regarding cost of drilling Delores, below is his reply. does anyone know where there are any maps of the oz prospects ?
tia,
Dexter

What was released is to my mind a very conservative estimate as was the probability. The price and structure we are not prepared to divulge at this time but clearly that issue is on going and very much being worked upon.

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 5/15/2006 05:24
To: Information
Subject: re; delores


Dear sir,
your update on reserves in the delores project are very encouraging indeed and I look forward to the commencement of drilling. In the RNS it was stated the theprobably of a strike rate is 20%, would you be able to give me any idea of the cost involved of drilling each and any well.
many thanks,
Roger *******

18.05.2006
Meridian Petroleum Hopes To Drill The 550 BCF Delores Prospect Later This Year As It Chases CBM Potential In The US
The newsflow from Meridian Petroleum usually concerns its projects in the US but this week the AIM-quoted firm provided an update on its Australian properties, where work has been stalled for the past two years due to native title issues. With the company hopeful its Australian lawyers are within months of reaching agreement on native title, it has released details of an independent reserves report from petroleum engineering consultancy Scott Pickford.

The report covers the Delores prospect, which lies in licence PELA 132, one of four Meridian holds in the Arrowie Basin of South Australia. The prospective resource on Delores is put at 547 billion cubic feet of gas in place, with a P50 recoverable gas number of 432 bcf. Scott Pickford has assigned the prospect a one-in-five chance of success.

If the drillbit proves up these numbers - and Meridian hopes to drill here later this year - then this looks to be a commercially viable prospect. Unlike so much of Australias gas, Delores lies within 40 km of existing infrastructure, namely the Moomba-Adelaide gas pipeline which links the Cooper Basin gas fields to South Australian gas consumers. Growing gas demand in the region wedded to market deregulation and a favourable licensing and fiscal regime add to the projects attractiveness - and Meridian holds 35,000 sq km of acreage here which could hold Delores look-alikes.

Meridian is mulling a possible farm-out or joint venture before drilling Delores, which is likely to be a multi-well prospect and will require capital investment in a connecting pipeline.

To run a project of this size from Houston or London you need to have people on the ground, Meridians Houston-based chief executive Tony Mason told oilbarrel.com. It might be useful to have a strong local partner although it is possible we might hire people locally and do it ourselves because this is fairly shallow drilling and the test wells will not be that expensive.

Meridian has already done significant work to derisk the prospect, reviewing and reprocessing all the stack data and 2D seismic that was originally shot in 1986. We have remapped it and created the digital footprint we were looking for, said Mason. We did AVO analysis on the lines and identified two features with hydrocarbon reflections and bright spots.

In the meantime the company continues to make progress in the US despite the equipment shortages that are currently hampering the efforts of all onshore operators. The Victory 1-21 production well in Michigan, in which Meridian has a 10 per cent working interest, is producing at variable rates, between 150,000 and 250,000 cubic feet per day, as it is cleaned up following a deepening and acid treatment, which exposed an additional 31 feet of net pay. The flow rate is expected to surge to 1 million cf/d as this work is completed.

The star in the companys portfolio is the Calvin field in Louisiana, where the Calvin 36-1 well flowed more than 1 million cf/d of condensate-rich gas from the Sligo Petit zone earlier this year. Meridian has an 80 per cent working interest in this project. There have been some delays getting the well onstream due to the difficulties of getting the right people and equipment in a tight market.

Once the 36-1 well has been tied-in, the company plans to re-enter an old well on the field, 35-1, to test the Rodessa zone and potentially produce from either the Sligo Petit or Rodessa zones. The well is already cased so this should be a low-cost workover. Meridian is also hoping to gain rights to deeper gas zones in the Calvin field, which is on trend with deep gas plays to the north that are now in production.

The company has also made progress with its 3 bcf Orion sour gas project in Michigan, of which it holds 100 per cent. The field is home to two wells that were drilled and produced at rates of between 2 and 4 million cf/d during the late 1980s and early 1990s but were then shut-in because of the hydrogen sulphide content of the gas.

Meridian plans to get this gas deposit back into production using a single well and two sulphur treat towers, a facility that is expected to cost between US$1.25 and US$1.5 million. The permitting process is underway and the company has extended its land holdings here to enable an 80-acre unit to be established. Meridian expects the sustained flow rate to come in between 2-4 million cf/d like the previous wells.

In the meantime, the company is excited by a new coal bed methane opportunity in the US. Meridian has hired petroleum engineering consultancy Scott Pickford to review an existing detailed feasibility study, which, if the outcome is positive, will encourage the company to lease an initial foot print in order to undertake a pilot CBM project. This is an exciting project, which could hold around 1 tcf of reserves, and an announcement is expected shortly.

CBM,

Its a happening thing.


Caterpillar to power coal methane gas project in China
www.chinaview.cn 2006-05-19 21:37:51


BEIJING, May 19 (Xinhua)-- Caterpillar Inc. (NYSE: CAT) announced Friday that it will work with a Chinese coal mine on a coal methane gas project which is expected to be the largest of its kind in the world.

According to Stu Levenick, Caterpillar group president for China, Caterpillar has been selected to provide 60 methane-gas-powered generator sets to produce 120 megawatts of power at the Sihe Coal Mine in Jincheng City, north China's Shanxi Province.

The Shanxi Jincheng Anthracite Coal Mining Group Co., Ltd. is the project developer for the methane gas power project.

"The residents of Shanxi Province will benefit from this power plant," Levenick acknowledged. "This project is expected to help improve mine safety, reduce greenhouse gas emissions and generate electricity from methane gas."

The entire methane-fired power plant is expected to be fully operational in 2007.

Methane gas is found in coal seams and can be hazardous if not properly managed and ventilated from mines. Historically, the methane has been released into the atmosphere, generating greenhouse gas emissions.

By capturing the methane gas and converting it into electric power, the methane-fired power plant is estimated to alleviate greenhouse gas emissions by 4.5 million tons over a two-decade period, according to Levenick.

China plans to develop coal methane gas into a major new energy resource for this century.

Currently, China's coal methane gas reserves have reached 30 trillion cubic meters, the third largest in the world only after Russia and Canada. Enditem

Editor: Yang Lei

CBM = cow bottom methane! ..... If all cows were culled, there would be significantly less methane or greenhouse gas released into the antmosphere ..... Where are the Friends of the Earth when you need them?

Does anyone have an idea what the SP may now rise to with the Calvin news. It appears that with the last two RNS, the SP has fallen back rather than gone forwards. It appears that the share has become a traders share & there is a vey high possibility that this one will drop once the news is out. I hope I an very very wrong as I have a substantial holding !!
When the FTSE rises by 100+ points on Friday with the RNS for MRP and the share only rises 0.75, is that a worry or should I keep the faith, any other thoughts ??

pumben..just look at the market cap compared to other more risky oil/gas plays..thats why i'm holding mine tightly...market makers will have to let it go soon

maestro .... the market cap is hardly anything to get excited about ...... nevertheless, i think this company has great prospects and have even increased my own holding within the last few days - i.e. i don't expect sp to slowly shrivel away!

Guys, thanks for taking the time to answer, I agree, I think long term this share looks a good prospect, still has the Aussie story to develop. Lets hopd for more good news !!!

tm IN usa??? WAS HE THERE TO SEE CALVIN GET HOOKED UP THIS WEEKEND, IS HE IN BED NOW??

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

http://www.iii.co.uk/investment/detail?code=cotn:MRP.L&display=discussion&it=le

RNS in 45 minutes yourallmugs
Just received email to confirm ....



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

More | View thread (3) | Respond | Recommend

Potatohead, has your watched stopped?

KD.

The story was about as valid as I expected .... total bollocks

LOL

Potatohead you scally wag.

Good update on Meridian Petroleum in the Shares Magazine today.

dexter on ad fvn got email from TM, accounts account shortly... reval figures

YUUUMMMYYYY, SHARE MAGS MISSED THAT OUT IN THERE PIECE, THEY DIDNT DO VERY GOOD RESEARCH DID THEY

email i got from TM or his office today, yes it is genuine before anyone asks!

Dexter

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

Annual report due shortly, Calvin very much on track.

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: Fri 6/2/2006 02:24
To: Information
Subject: Calvin tie in


Dear sir,
I am a shareholder and am becoming a little concerned that the anticipated timescale for the Calvin tie in has passed once more. Are there more problems with equipment and personnel etc., as you were hoping originally to have Cavin on line by the first part of April.

Am i correct in thinking that the annual results and any re valuation are due anytime ?.
I look forward to your reply,
Roger

All looks good for next week. testing of flow at calvin connection will make this rise to 40-50p

city trader, you sent me an email to me to which I cannot reply without an email address. If you resend with either that or a tel. no. I'll reply/call you.

Meridian Petroleum PLC
09 June 2006


09 June 2006


MERIDIAN PETROLEUM PLC

('Meridian' or 'the Company')


OPERATIONAL UPDATE

COAL BED METHANE PROSPECT


Meridian, 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.

On 26 May 2006, Meridian announced the conclusions of a due diligence report by
Scott Pickford on its CBM prospect which indicated that the prospect area
contained multiple coals with gas content and seam thickness values consistent
with a commercially viable coalbed methane development

Scott Pickford has evaluated Estimated Ultimate Recoverable ('EUR') volumes
within a range allowing for the 75 per cent. saturation case through to the 100
per cent. saturation case. This evaluation delivers an EUR range of 242.5 Bcf
to 389.4 Bcf for the total prospect area of 50,000 acres. The evaluation is
based on Meridian having instigated a pilot project development area of some
10,000 acres which the company is currently leasing. The full prospect lease
area is anticipated to be approximately 50,000 acres. An initial data
collection and testing programme is planned as part of the initial pilot
development project which could contain up to 125 wells although it is intended
to drill only 5 - 10 test wells until the saturation uncertainty of the coals
has been resolved. Based on an average drainage area of 80 acre spacing, the
full lease area might contain up to 625 wells.

Under the assumption of 75 per cent. saturation, the projected per well peak gas
rate is approximately 50 mcfd, while the estimated per well 30-year cumulative
gas production volume is 388 mmcf. On a fully saturated assumption, the
projected per well peak gas rate is approximately 143 mcfd, while the estimated
per well 30-year cumulative gas production volume is 623 mmcf.

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

'With an estimated ultimate recoverable of up to 389Bcf, the Scott Pickford
update further confirms our view of the very significant potential of this CBM
project. We have already begun a land leasing programme for the pilot project
and assuming its successful outcome, we will begin the overall development of
the project.

This project combined with our Australian acreage gives the company significant
upside.'


Mr. Andrew J. Kirchin, Managing Director of Scott Pickford, who meets the
criteria of a qualified person under the AIM rule guidance for mining, oil and
gas companies, has reviewed and approved the technical information contained
within this announcement.

just found these on iii

Re: EMAIL FROM TM - I am topping up
incase you missed this on the BB

HOLDTM Zamapath
I thought there may have been a little scam going on so I e-mailed the Company again via a different e-mail address and this is the response:

I am not sure as we get a lot of e mails from investors. What I can assure you is that all is on track and that this punishment is excessive and makes the company significantly undervalued relative to current and future events.

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 no dis-respect to anyone but I needed to be sure

Z

and another

Re: EMAIL FROM TM - I am topping up There will be positive news flow on the Calvin 36 #1 and other assets in the next few days.

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: XXXXXXXXXXX
Sent: Wed 6/14/2006 06:34
To: Tony Mason
Subject: Calvin


Dear Tony,

As a shareholder in Meridian I am becoming increasingly concerned that we have had no news with regard to the successful hook up of Calvin. Is it possible to confirm that all is in order with this operation and that news to this effect will be shortly forthcoming.

As you know the market is extremely turbulent at present and nerves are beginning to get frayed so a positive RNS would no doubt be well received.

Many thanks in anticipation of your reply.

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
Create Group
Filter Junk Mail
Show All Headers
Print View

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,


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

I have seen rumours of an placing coming on other boards, does anyone know if this is true?

I wonder what price they will place them at?

if anyone here is interested in coal bed methane projects, there is an interesting presentation coming up in London for PACE, listed in Canada, but coming to AIM later this year.

PACE recently presented at Oilbarrel.


0ne20ne Forum
Pacific Asia China Energy (TSX.V:PCE) www.pace-energy.com
June 18th, 2006 6pm-8pm, London
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

This is an alert to a new 0ne20ne Forum on the 28th June from 6pm-8pm. The location will be in the West End of London and the forum will include an open bar and light snacks.

This event is completly free.

PACE is a TSX listed energy company attempting to prove up viable Coal Bed Methane projects in China. PACE is planning a secondary listing on AIM later this year.


To attend, simply drop an email with your first and last name to: ian@proactiveinvestors.com


PACE has two projects in China. The first, the Huangshi CBM (PACE 70%) project in Hubei Province covers 305km2 is currently having two wells drilled to test the gas content and coal quality between 500- 600m. The wells are expected to be completed by the end of July with results expected a few months later.

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.

REUTER'S ARTICLE...........Surprised that this Reuters article has not been suppressed or derided by the Bush government. Bad news for us all unless you hold shares in oil and gas companies. Maybe part of the reason for today's rally in oil/gas shares:-

http://money.cnn.com/2006/06/20/markets/oil_intl_outlook.reut/index.htm

Very good article on oilbarrel.com ...... well worth reading ..... other than the caveat that "the market always knows best" it does make me wonder why MRP did not rocket away yesterday following the (expected) good Calvin report.

I wonder whats going on here then.Maybee i am about to get my money back on this as well as BLVN.