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

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 ....



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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
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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,


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

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