Anyone know why everyone seems to be selling?

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.

your taking the piss, yer some poor fools may sell and they will watch it just keep climbing, revaluation is due.. calvin will be online very soon

I reckon 60% up tomorrow, institutions will want these big time

I wouldn't say no to 60% , I'm 30% up already but I won't hold my breath for the %60 , I am prepared to be patient with these ones. I've learnt my lesson , I sold VOG , and the next day they went up%60 , I still made a profit but nowhere near as much.

I think 30 p is deffo attainable in the very short term.

will this do

Nah sorry , a bit big for my garden .

med long term view on mrp- won't get in watching every tick up tick down while mm play games long term potential still remians and in a review of prospects/assets vastly undervalued.

australia project seems very interesting.amongst others.

I agree...this is a medium - long term buy...good value

well blue by the end of the day.

ps 600p rumoured broker note coming out on EME!!

this is exactly my point- if i had watched this am i may have sold keep a long term view on this one. off to watch goo.

5.6 million trades already , whats going on then ?

looking ok espaceman as is gold oil goo!

yeah I know , I had a look at goo the other day and it was 5.88 .

my god!! never seen buying of a stock like this,we'll be 30+ e.o.d