News you've all been waiting for ...

Meridian Petroleum PLC
04 April 2006

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

VICTORY 1-21 SUCCESSFULLY COMPLETED


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

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

Anthony Mason, Chief Executive of Meridian said:

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

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


Enquiries:


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

Westhouse Securities (020 7601 6100)
Richard Morrison

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


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

Very good news for Meridian

Meridian Petroleum PLC
07 November 2006





Meridian Petroleum plc
('Meridian' or the 'Company')


Conclusion of Amended Australian Native Title Agreement


Meridian Petroleum plc (AIM: MRP) the oil and gas exploration and production
company with assets in the United States and Australia, announces the conclusion
of the amended agreement with regard to the Company's Australian PELA 132
licence Native Title Claim ('the Agreement').


The amended terms of the Agreement following the announcement on July 24th 2006
are as follows:


- A signature payment of AU$60,000


- A first year administration fee of AU$15,000


- An annual 1% royalty of production


- Administrative fees over the life of PELA 132 to be capped at AU125,000


Having been agreed by the State and the governing body ATLA, the Agreement is
now being circulated to the nine native title signatories under the Agreement,
with the process expected to take up to three weeks. Following this the
Agreement will be returned to the State for signature with completion on
Meridian's signature, date to be announced, but expected before year end. At
that time a formal ceremony with the Australian Minister of Mines and Energy
will be held.


As part of the Agreement, Meridian has agreed that if it enters a production
situation, the Company will endeavour to support the local community health
programmes for the Adnyamathana, the local indigenous people who inhabit the
Flinders Ranges. Initial support programmes will include the establishment of a
dialysis clinic within the area.


The Agreement with Meridian is the first petroleum agreement ever signed off by
the Adnyamathana people. Commenting on the Agreement, Tony Mason, CEO, Meridian
stated, 'The Agreement is substantial as it frees the Company to conduct
operations on the Dolores prospect, which is located some 40 Km from the Moomba/
Adelaide pipeline and which we believe to be a highly commercial prospect.


'We are also commencing detailed analysis of the prospectivity within our
overall acreage position in order to identify and develop additional prospects.
This will include detailed seismic review and reprocessing of certain areas plus
AVO analysis in some cases in order to fully develop the prospect.'


PELA 132 covers an area within the Arrowie Basin onshore South Australia and
contains the Company's Dolores Prospect, located 40km from the existing Moomba
to Adelaide gas pipeline which links the Cooper Basin gas fields to South
Australian gas consumers. Meridian holds a 100% interest in the Dolores
Prospect and plans to commence operations in Q1 2007 with a test well.




ENDS


For further information contact:

Meridian Petroleum Plc Ambrian Partners Parkgreen Communications

Tony Mason Neil Mac Lachlan Simon Robinson
Richard Brown Victoria Thomas
00 1 713-599-1611 +44 (0) 20 7776 6400 +44 (0) 20 7493 3713




Notes to Editors


About Meridian


Meridian is an oil and gas exploration and production company with key assets in
the United States and Australia. Meridian is quoted on the AIM market of the
London Stock Exchange (ticker: MRP), and is headquartered in London, with
offices in Houston, Texas and Adelaide, Australia.


In May this year, Meridian announced the results of Scott Pickford evaluation of
the Delores Prospect which assigned a 'best estimate' gas-in-place of 547 Bcf
and an estimated P50 gas recoverable of 432Bcf.

Thanks for more good news, Dexter.

hyleo,

What news?

pump and dump?

Huge buys into MRP today...I think news are coming out soon

was mentioned in Evening Standard as well yesterday,maybe in line with Calvin RNS update.

Was rated a "screaming buy" in Shares article on oil stocks last week, but hardly moved at all. Haven't seen the Evening Standard article, but nice to see some positive movement anyway. A positive note on Calvin certainly wouldn't go a miss.

As ever, do your own research, in my opinion, etc etc.....

Strawbs.

Just bought in just now.

These were tipped in Investors Chronicle about a month ago... I'm not in bought and sold ages ago, will keep an eye out though.

Sounds sensible. I've been disappointed on several occasions now waiting for Calvin, but I'm hoping (maybe too much) that the JV deal will spur them on to finally get producing. My guess (or perhaps hope again) is that Meridian where short of both cash and expertise to complete Calvin. Now the JV partner is on board, it's in both parties interest to get producing in time for the peak winter demand. I hope (again) that the JV partner has both the expertise and money to complete the project, and start some revenue flow before the next phase of drilling, and potential development of other assets. In my opinion, do your own research.

Strawbs
Hoping for something positive before the cows come home.......

I found that artice for IC August 06

Meridian Petroleum's chief executive, Tony Mason, says the company has been the victim of "rampant market abuse" and collusion involving a firm of stockbrokers. They are alleged to have taken a short position in the shares using contracts for difference (CFD) and Mr Mason has reported the firm to the regulators.

The timing is particularly unfortunate because Meridian is bouncing back after reporting poor 2005 figures. Gas production at its primary producing asset, the Emery Hudson gasfield in Michigan, fell from a peak of 900m cubic feet of gas a day (mcfpd) early in 2005 to just 278 mcfpd in mid-2005. Two subsequent step-out wells did not find commercial quantities of gas, so operations there were shut down, awaiting further drilling later this year. And Meridian's efforts to build up reserves were also thwarted by a scarcity of rigs.

But 2006 is turning out to be a better year for the company. The share price soared in the first half on news of drilling success on the deep Calvin 36-1 gas well in Louisiana. This should start producing in September this year, followed by the Milford 36 well in Michigan. Meridian has also acquired a coal-bed methane prospect in Black Warrior Basin, Alabama, which could involve drilling more than 600 wells. Its best bet, however, may be five gas exploration licences north of Adelaide, south Australia. It starts drilling there early in 2007.
---------------------------------------------------------------------------
Ord price: 14.75p Market value: 11.8m*
Touch: 14.5-15p 12-month High: 39p Low: 7p
Dividend yield: nil PE ratio: na
Net asset value: 6p* Net cash: 1.59m*
*Adjusted for subsequent placing
--------------------------------------------------------------------------------
Year to Turnover Pre-tax Earnings Dividend
31 Dec (000) profit (m) per share (p) per share (p)
2004 356 -1.08 -2.4 nil
2005 88 -0.87 -1.4 nil

Market makers: 5
Traded on Aim
Last IC view: 23 Sep 2005, page 76
Meridian has dramatically increased gas reserves in 2005-06. Buy.

MRP starting on a upward trend

Nice to see. I guess we'll hit some resistance soon looking back at the chart. Fingers crossed it's good news this month.

Strawbs.

40p looks like resistance..i sold at 35p on the way down

It would be nice if it was. I was thinking of previous resistance at 24, as in February and March of this year. Either way, I'm happy to see it rise.

Strawbs.

So much for 24 being resistance....... Always nice to be wrong.....on the positive side.

Strawbs.

You were saying........

Well, right afterall, but nice to be wrong for a while. :-)

If the chart is anything to go by then I'd expect a bounce soon, from here or possibly a fraction lower. If they're planning a small placing, then it's understandable that people in the placing would sell at the higher price, and then take up larger or similar options with cheaper shares. I certainly don't think the price moved up strongly on the back of a placing though. I think Calvin is still the key milestone here. It pushed the price into the 40's at the start of the year, and I suspect will do the same again if finally completed.

The last RNS indicated an update before year end, so with only 8 trading days left, that doesn't leave much time to be in or out before any news arrives. The Christmas dead zone with lower volumes can do some funny things to prices too, so larger than normal movements can't be rulled out (up or down).

Personally I'm not sure what news we'll get. The comment in the Evening Standard (which I haven't seen), apparently indicated that Ambrian were looking for resource upgrades and fair value at around 43. I would hope that Meridians brokers have more of a clue about whats happening than the rest of us, and so have some basis for their valuation. When the RNS finally arrives, I would hope the production zone at Calvin has been perforated and the final stages of completion begun. Bonuses would be JV talks over Warrior Basin CBM, Delores, and a positive update to drilling at Orion (which was expected to begin in October as stated in the Interim results).

I'm hoping that Mason has something bullish to say (and not bull of another kind). The share price has been all over the place this year. It would be nice to finish on some upward momentum.

Looking forward to next year, I'd expect to see a larger placing to cover funding of expansion projects and additional land leasing. It could be a very exciting year! Good luck to all fellow holders into 2007, whatever news we see in the coming weeks..

As ever, just my opinion, do your own research.....


Strawbs.

spread bet settlement date ends tuesday for december so expect fireworks then...shorters closing and then buying big for march