Anyone know why everyone seems to be selling?

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.'

We've all seen this so many times . why does it keep getting posted on here ?

spudhead - no news today then, price dropped all day

well its up aint it ;-), hey master, when you going back into TFC mate, you r thread is still going over at a d v f n

are we day traders or serious investors - long term mrp is what i bought into.

an institution is dumping at the moment, we are going through the RAB effect again, there is another talk of another placing of shares, hey I dont mind, if we keep getting good news, suprised we didnt get the news today, maybe its being held back for the morning, or maybe the goods didnt arrive on time, but it must be there now, so I am expecting this news to come out ;-)

onwards and upwards as they say. the company is very undervalued for a company that has found gas and is very soon to be producing, licence to start pumping must be days away now

and dont forget REVALUATION, this will put us right up there with VOG or even above it if Tony plays it right

In for the long term spudhead, mm's brought the sp down this morning, but will rise later. Waiting for the gas news and revalulation.
Have not yet decided when to go back into TFC, but will let you know.

themaster- can i suggest gold oil goo.

agree with the mrp analysis- med/long term play for me!

Lizard - was in GOO bought at 3.98 and sold 5.50 (too earily as usual), why should I get back in now?

if you invested in goo in the first place the master i would expect you know the potential?. long term hold for me!.

mrp- awaiting news i reckon!- hence mm stability.

I think the news is held back for tomorrow, for a bigger impact

75p by friday

at least ph-

waiting for wills to exit, they held 3%, they are currently in the process of dumping.. they started yesterday, so should be out by tomorrow

This share price has more ups and downs today than a Ben Dover movie !

SER is moving up, could be large gains tomorrow

All quite on this thread today, anyone have views/news

i've added today@25p. i suppose we await news.

What is the exact, precise news you are hoping for?

you obviously don't know mrp very well then saintserf- many updates in regard to existing contracts dyor.