Anyone know why everyone seems to be selling?

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

wait until it gets revalued!.

exactly, 2 on the cards i reckon

it is a bit cheap when you compare to others and read the oilbarrel article i suppose

Yesterday I said 30p was attainable in the short term , I didn't mean the next day !

news out this PM... looks damned good

a last minute rally to 30p !! lol

20 February 2006




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

RAISES 1M IN PLACING OF NEW SHARES


Meridian, the oil & gas exploration and production company with key assets in
the USA and Australia, following the announcement on 17 February, today
announces the successful completion of an institutional placing of new Ordinary
Shares in the Company.

Westhouse Securities LLP has placed 7,171,426 new Ordinary Shares at a price of
14p per new Ordinary Share with institutional investors, raising approximately
1.0 million before costs.

The funds raised will be used to acquire additional properties and to complete
the work programme on Orion and Calvin, as well as other existing properties.

Application will be made for the new Ordinary Shares to be admitted to AIM and
dealings are expected to commence on 27 February 2006. Following the placing,
the number of Ordinary Shares in issue will be 71,264,619.



Tony Mason, Chief Executive of Meridian Petroleum, said:

"I am delighted with the success of the placing and the continued support of our
shareholders. The funds raised will enable us to complete a number of near term
projects, including our recent substantial gas show on the Calvin Field,
generating significant additional revenue and cashflow."



Enquiries

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


Westhouse Securities LLP (020 7601 6100)
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