Anyone know why everyone seems to be selling?

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

damned good news

does anyone have more info on australia project. this could be large.

good news -35p soon.

Hey Lizard , have you got the Spudhead crystal ball ?!!

i don't believe i am in the same league as spudhead as far as talking crap goes.

Wow. Skyrockets goin off all over the resources sector. I'm not actually onboard this one, hanging on to some others tho!
Good luck to all who have these.

What else you got beasties ?

beasties- do you have goo?.

Pretty much everything else; VOG CHP JKX EME UEN AIMR APP CEY CSH EDR FOGL FQM GFM GOO JKX KMR SBE TAG TNZ UEN. And that's just the stocks that are currently goin mental. Got a lot more that might do the same in the future.
Owt to do wid resources really. Timing of buys correctly is the really tricky bit!!