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Meridian Petroleum PLC (MRP)     

espaceman - 04 Apr 2006 07:18

News you've all been waiting for ...

Meridian Petroleum PLC
04 April 2006

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

VICTORY 1-21 SUCCESSFULLY COMPLETED


Meridian, the oil & gas exploration and production company with key assets in
the USA and Australia today announced that the Victory 1-21 production well (10%
WI) has been successfully deepened in order to further penetrate a Niagaran
reef.

Using a coiled tubing unit and conventional work over rig, Total Depth was
reached at 4,394 feet and gas communication was made between 4,161 feet and
4,192 feet, an increase of approximately 31 feet in net pay. The well was
treated with acid to stimulate flow and is currently being swabbed to remove
remaining acid from the well bore following which the well will be put back on
line this week. It is anticipated that enhanced production rates will be gained
from the additional pay sections in the reservoir.

Anthony Mason, Chief Executive of Meridian said:

'The successful deepening of Victory 1-21 is good news for Meridian. The well
will be back on line this week, following which Meridian will resume receiving
income from Victory 1-21. We are now looking forward to the imminent completion
on Calvin 36.'

Don Caldwell, a certified petroleum geologist, is the Company's Qualified Person
and has reviewed the information in this announcement.


Enquiries:


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

Westhouse Securities (020 7601 6100)
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 Exchange ND

pumben - 16 Mar 2007 07:19 - 157 of 741

This co is so fustrating, they have being going on about hook up of Calvin 36-1 for over 13 months & each update is full of promises but fails to deliver !!! I understand the complexities of the work but the people running the business are supposed to be experts in these areas !!
I suppose the SP will drop again !!!!!
Just letting ot some fustration, any thoughts that may help me to calm down.

cynic - 16 Mar 2007 08:32 - 158 of 741

delays of any kind, let alone unreasonable ones, are 95% certain to presage ultimate bad news

hlyeo98 - 16 Mar 2007 08:33 - 159 of 741

Meridian Petroleum PLC
16 March 2007



16th March 2007



Meridian Petroleum plc
('Meridian' or the 'Company')


Operations Update


Meridian Petroleum, the oil and gas exploration and production company with key
assets in the USA and Australia provides an update on its operations.


Highlights:


Calculation of well flow rate at Milford 36 to commence

Lease equipment agreements signed for Orion 36

Field development plan to be prepared at Calvin 36


Milford 36, Livingstone County, Michigan, 25% Net Revenue Interest (NRI)

On 13th March, the Milford 36 well was re-perforated using a ballistic
perforating technology previously utilized by Meridian in the Calvin 36 # 1 well
in Louisiana.

The Milford well had some 1,450 pounds per square inch ('PSI') Shut in Tubing
Pressure('SITP') on the morning of 13th March, indicating potentially virgin
pressure from the Niagaran Reef. Due to this high pressure and the combustive
nature of the gas, the well was extinguished with salt water and the
perforations made at the requisite zone.

Following perforation, the well flowed back some of the fluid used to extinguish
the well and, due to darkness and the frost laws in Michigan, a frac tank was
filled and the water was disposed of accordingly. The well was shut in overnight
and despite having in excess of 100 barrels of salt water in the formation, the
SITP was 1,275 PSI, clearly indicating that good contact with the producing zone
had been made and that gas pressure was of a high rate. The well flowed back the
fluid at approximately 30 barrels per hour at around 150 to 175 PSI flowing
tubing pressure. The recovered water weight and density all indicated that this
was salt water used last year to clean the well bore. The original assessment
was that this fluid had been absorbed by the formation.

Given the promising outcome of this set of perforations, the next step, likely
to take place in the next week, will be the calculation of the bottom hole
pressure ('BHP') and potential well flow rate. The well is located on a primary
pipeline route and the gas is considered by Meridian to be of pipeline quality
with no requirement for any form of processing. All steps will be taken to bring
this asset on line as soon as possible. Additionally, the Company is negotiating
with co owners the purchase of additional working interest.


Orion 36, Oakland County, Michigan, 75% NRI

Work has commenced on the construction of the hydrogen sulphide (H2S) removal
facility on site. The Company has entered into several lease agreements for
critical items of equipment in order to minimize up front capital expenditure
and also to speed up the process with long lead time equipment. It is
anticipated that the well should be on line before the end of June 2007.


Calvin 36, Winn Parish, Louisiana, 68.75% NRI

After recent work and positive results, the Company is now satisfied that the
well is in good condition and able to produce gas on a sustainable basis. Recent
swabbing of the well indicated some small obstructions around the pay zone at
bottom hole, but these have since been cleared and the Company will continue to
periodically swab the well in order to clear any additional obstructions that
may arise.

The pressure build and the potential flow rate is as anticipated by the
Directors. Detailed discussions with Smith Operating of Shreveport LA have
now begun over the hook up of the well into the processing system in place at
the Calvin Field and to get the gas into the local pipeline system. To this end
an additional gas sample from the well will be obtained next week in order to
move this process forward as rapidly as possible.

Work is continuing with Ensight 111 Energy Partners on the deep gas and it is
anticipated that certain locations will be staked in the next 30 to 45 days and
a field development plan finalized over the course of the next 2 to 3 months.


Australia, Dolores, 100% WI


The Native Title agreement is expected to be signed in Adelaide in April 2007.

Tony Mason, Chief Executive Officer stated, 'We remain enthusiastic as to our
continuing development on our US properties and look forward to updating
shareholders shortly as to our activities in Australia.'

John Randell who works for Wellmaster LLC, is an independent contractor who
meets the criteria of a qualified person under the AIM guidance note for mining,
oil and gas companies, has reviewed and approved the technical information
contained in this announcement with respect to Orion and Milford.

Art Davies who works for West Mountain Operating, Inc. is an independent
contractor who meets the criteria of a qualified person under the AIM guidance
note for mining, oil and gas companies, has reviewed and approved the technical
information contained in this announcement with respect to Calvin.

hlyeo98 - 01 Apr 2007 13:51 - 160 of 741

Buy recommendations in both Shares and Investors Chronicle on MRP this week. Looks cheap at 21p.

hlyeo98 - 02 Apr 2007 08:18 - 161 of 741

MRP is moving upwards now.

hlyeo98 - 18 Apr 2007 17:56 - 162 of 741

Good news...


Meridian Petroleum PLC
18 April 2007

Meridian Petroleum plc

('Meridian' or the 'Company')

Australian Native Title Agreed

Meridian Petroleum PLC (AIM : MRP), the gas and oil production and exploration
company with assets in the US and Australia announces the successful signing of
the Native Title Agreement that allows the Petroleum Exploration Licence ('PEL')
132 in relation to the Dolores Prospect in the Arrowie Basin, South Australia to
be offered to Meridian.

In a ceremony held in Adelaide on Tuesday 17th April, Mineral Resource
Development Minister Paul Holloway officially signed the Native Title Agreement,
allowing the grant of the new PEL 132. The Native Title land access agreements
were concluded pursuant to the Commonwealth Native Title Act 1993 between
Meridian Resources Pty. Ltd., the native title claimants (Adnyamathanha people)
and the South Australian Government through the Right To Negotiate process

In a news release the Minister has stated: 'The Arrowie Basin deal is the first
time that the Adnyamathanha people have signed a land access agreement for
petroleum exploration, subsequent development and production, and I congratulate them,'

Tony Mason, CEO, Meridian, has commented 'This is an extremely significant event for Meridian as it marks the end of 3 years of hard work by the Company to reach this stage. Now that we have the Native Title agreed, we will continue with
developing the operational plan and assembling the team for drill testing to
begin in Q4 2007.'

The ECL Scott Pickford reserve summary on the Dolores prospect gave a P2
Prospective Resource volume of 540 Bcf GIP. The Dolores resource is located
approximately 40 km from the Moomba to Adelaide pipeline.

cynic - 18 Apr 2007 18:51 - 163 of 741

haven't followed this stock for ages, but an interesting chart always provided sp does not plunge through 25+50 dma (coinciding now) and 200 dma at 20 .... it shouldn't! .... that being so, expect decent support here and thus effectively a pretty good buying opportunity, thoug the more cautious may want to see a decent bounce first.

Chart.aspx?Provider=EODIntra&Code=MRP&Si

maestro - 18 Apr 2007 19:17 - 164 of 741

will open 26p tomoro>>>>>>32p close

myway - 19 Apr 2007 11:40 - 165 of 741

Great news for Meridian Petroleum as they sign an agreement with the Adnyamathanha people that allows the Petroleum Exploration Licence in relation to the Dolores Prospect in the Arrowie Basin, South Australia to be offered to Meridian.

Details can be found at shareclubuk.co.uk the agreement will allow Meridian to
develop the operational plan and assembling the team for drill testing to begin in Q4 2007. The ECL Scott Pickford reserve summary on the Dolores prospect gave a P2 Prospective Resource volume of 540 Bcf GIP. The Dolores resource is located approximately 40 km from the Moomba to Adelaide pipeline.


myway - 30 Apr 2007 11:32 - 166 of 741

Meridian Petroleum, operations update come with a shed load of information. Money in the bank. Brammer had over-billed Meridian by some $89,953.22. its a sad state of affairs when Meridian could only get there money through legal action. The full report can be found at shareclubuk.co.uk. The demand for Oil and Gas is always strong.. With oil prices on the brink of increases which will benefit both Meridian and there investors.

oilyrag - 30 Apr 2007 13:21 - 167 of 741

their investors

cynic - 30 Apr 2007 13:23 - 168 of 741

market severely underwhelmed ..... if sp does not bounce off 200 dma, then holders could be taking a(nother) bath

Big Ted - 30 Apr 2007 13:31 - 169 of 741

its an oil/gas minnow... aaaaaaaargh
*runs for cover*

hlyeo98 - 14 May 2007 08:26 - 170 of 741

Meridian Petroleum PLC
14 May 2007


Meridian Petroleum plc

('Meridian' or the 'Company')


Calvin Field Update

Meridian Petroleum, the oil and gas exploration and production company with key
assets in the USA and Australia announces that its Calvin 36 #1 well located in
the Calvin Field, Winn Parish, Louisiana has undergone treatment to prepare it
for gas production.

On Tuesday 8 May the well was treated with a nitrogen wash to remove any
potential obstructions to gas flow in and around the area of the slotted
liner by the producing zone within the well bore. The treatment was successful
and some residue was removed from the producing zone area. Additionally, the
resulting gas pressure build up and flow back post the removal of the Nitrogen
was satisfactory for commercial production purposes.

On Wednesday 9 May a swabbing unit was used to remove fluid from the well bore, including the water previously used to 'kill' the well. Again, the resulting
pressure build and flow back of gas from the reservoir were found to be
satisfactory for commercial production purposes, and there appeared to have been
no additional water ingress moving into the well bore.


Swabbing was completed on Thursday 10 May with no additional fluids being
recovered. Given the satisfactory nature of the gas pressure build up and
prospective flow rate, the Company is now in the process of finalizing
arrangements with Smith Operating of Shreveport, Louisiana to tie the well into
the local Calvin Field gas processing and transportation system.


The gas contains approximately 10.187% CO2 and so must be processed in order to remove the CO2 before it can be sold into the grid. The Calvin Field gas
processing and transportation system includes a CO2 knockout facility, and so
will provide the quickest and most efficient processing of the gas and removal
of the CO2.

Tony Mason, Chief Executive Officer stated, 'The final steps towards getting
Calvin 36 #1 into production are now in place, and we are on target to meet our
stated goal of production in the second quarter of 2007. Our next challenge is
to exploit the gas in the deeper zones of the Calvin Field.'

Art Davis of the West Mountain Operating Company in Longview, Texas meets the
criteria of a qualified person under the AIM guidance note for mining, oil and
gas companies, and has reviewed and approved the technical information contained in this announcement with respect to Calvin 36 #1.

myway - 18 May 2007 09:24 - 171 of 741

Positive news in from Meridian 14th May. The final steps towards getting
Calvin 36 #1 into production are now in place, we are on target to meet our
stated goal of production in the second quarter of 2007.

The response from the markets were that the SP has traded down which continued the trend of the last few weeks. The boys and girls at shareclubuk.co.uk were in profit but now we are out of pocket. Posters are there any underlying reasons why the fall in the SP should take place? If so can you let the club know? Or is it the MM adjusting, before production starts, which in-turn should be followed by a SP hike? By the way was yesterdays gain of 0.75p the start of a turnaround?

Tau Ceti - 05 Jun 2007 17:13 - 172 of 741

The market makers just p*ss*d all over investors today by faking buy / sell figures using an offer price way in excess of actual buy price. For anyone interested the actual buy / sell figures were approximately as follows: Buy = 656010, Sell = 537924. The market makers would not be playing these games if this company did not have outstanding prospects coming on line any day now so beware of buy / sell figures you see for the next few weeks. Someone out there is trying to scoop up as many MRP shares as they can get on the cheap. Pity the authorities are too spineless to deal with these people.

maestro - 05 Jun 2007 19:37 - 173 of 741

why not deal with them ourselves...i'm sure they would take notice of a little gentle persuasion

hlyeo98 - 18 Jun 2007 18:53 - 174 of 741

Meridian Petroleum PLC
08 June 2007

Meridian Petroleum plc

Placing of new shares to raise 1.78 million

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

Ambrian Partners has placed 16,181,900 new Ordinary Shares at a price of 11p per new Ordinary Share with institutional investors, raising 1.78 million before costs.

The funds raised will be used to continue the development and growth of the
Company in three key areas:

1. Ensuring the successful completion of all activities required to bring the Orion 36; Calvin 36#1 and Milford 36 gas wells into production.

2. Sustaining progress with the development plans for the company's major
assets:
A test well to establish the potential of the Calvin Deep gas prospects
in Louisiana (contingent reserves 58bcf* net)
Acquisition of additional acreage at the Company's Coal Bed Methane
project in Alabama and detailed planning on the pilot project (contingent
reserves 240-390 bcf* net)
Investigation of the optimum approach to drilling on the Dolores prospect
in Australia (prospective reserves 432bcf* net). Possibilities under
consideration include bringing a partner into the project to help with the
funding and technical requirements.

3. Adding technical resources to the Meridian Petroleum team and providing a
solid organisational and governance platform for future growth.

Application has been made for the new Ordinary Shares to be admitted to AIM and
dealings are expected to commence on 13 June 2007. Following the placing, the
number of Ordinary Shares in issue will be 96,430,863. The new Ordinary Shares
will be issued under the existing authorities granted to the Directors.

Additionally, the Company plans to release its preliminary results for the year
ended 31 December 2006 on 26 June 2007.

Stephen Gutteridge, Chairman of Meridian Petroleum, said: 'The funds raised from
this placing will help finance the final stages of our development into
production, and will enable us to plan our capital spending programme to
progress our larger projects in the coming months.'

cynic - 18 Jun 2007 21:08 - 175 of 741

sorry guys, but this chart is truly horrid .... also look back at comments of 18 april

myway - 28 Jun 2007 11:08 - 176 of 741

Well I take my hat to them, as they are helping me to make profits, who am I talking about? Yesterdays news from Meridian announcing that three Directors who have purchase a total of 784,528 shares, Stephen Cutteridge non-ex Chairman, Peter Cutteridge non-ex Director and David Wake-Walker non-ex Director, they are all out to make profits, the members of shareclubuk.co.uk were so pleased to read this news as it should lead to profits on their investments. Are you in on the profit run.
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