Anyone know why everyone seems to be selling?

jeepers ph your usual crap could be right.

It's going mental !!!

news at 3pm
revaluation of assets

30p maybe a low estimate, i may overtake what I first thought

lizard, I accept your appology

so you in... if not hurry cause its going to 30p very soon

i just bought in last time had these lost a packet when danby dome bombed.reading news seems like they done better this time.

more than better.. better than expected... ;-)

I have a feeling MRP have peaked for today - of course I hope I'm wrong.

i'M GLAD TO SAY i WAS VERY WRONG !

news out in 15 mins.... (?!)

heard that one before!

11 mins and lift off

mm's out of stock ;-)

looks like its mashed potatoe again.... :-)

Meridian Petroleum PLC
17 February 2006

17 February 2006




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


Meridian Petroleum (AIM: MRP), the oil & gas company with key assets in the USA
and Australia, has noted today's speculation and rise in the price of the
Company's ordinary shares. The Company wishes to confirm that a placing of
ordinary shares at 14p per share, to raise approximately 1 million, is in
process and is expected to be completed shortly.


The Company knows of no other reason for this speculation or rise in its share
price.


Enquiries:


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

oh dear that will put a damper on the price next week,mm haVe already droped the bid to make more from sellers.but i do think should see oVer 30p when gas is in pipeline.

they haven't dropped the price on advfn 23.5p. this is good news found an opportunity raised funds to develop- common practice. chp placing today up20%- vog also another placing at around 80p now at 250p.

the city thinks this is good news why else did we rally 30+%?.

bring on next week.

what do we reckon for next week?

Hard to say Lizard , perhaps some profit taking on Monday ? There is more news to come though on production update etc , so hopefully the general trend will be up ?!

i reckon profit taking early on espaceman and perhaps a bounce. usually see some decline after a big rise. but saying that we could go north now placing done.

if it drops by a lot want to buy in again. if not i will think about buying into rally.