Anyone know why everyone seems to be selling?

will hold you to that ph.

ph- can't see any news have i missed it?.

Erm , nope - I can't either...

picking up looks encouraging!

Since 10am the buys have been going mad and then came the news at 1030 and now it's mental !

rns from today,IMO pile in now!!
Dexter
++++++++++++++++++++++++++++++++++

Meridian Petroleum PLC
03 February 2006

03 February 2006



MERIDIAN PETROLEUM PLC

('Meridian' or 'the Company')



CALVIN drilling update







Meridian Petroleum (AIM: MRP), the oil & gas company with key assets in the USA
and Australia, announced on 24 January that its Calvin 36-1 well on the Calvin
Field, Winn Parish Louisiana (80% WI), had encountered a substantial gas show in
the Sligo Petit Zone. The well was flowed on a limited open hole test with a
25/64 inch choke in excess of 1mmcfpd.



Based upon the analysis of previous production data from the Sligo Petit Zone,
the Company anticipates the following break down of the gas and condensate mix -
Carbon Dioxide 3.14% to 11.66%, Nitrogen 3.75% to 5.28%, Methane 76.97% to
83.11% and Propane 0.95% to 2.36%.



Due to the default and non consent of the original owner of the Calvin lease,
Meridian's Net Revenue Interest will increase to 67.75% from 60% until a
significant financial penalty is paid through the increased production revenue.



Meridian is moving ahead as quickly as possible to complete the well and
commence production into the nearby pipeline.





Anthony Mason, Chief Executive of Meridian said:



'We are very pleased with the likely rich condensate content of the Calvin well
which will enhance our revenue from the field. While unfortunate, the previous
lease owners default increases Meridian's revenue share enabling costs to be
recovered more quickly.'







Enquiries:

COME ON WE CAN DO BETTER THAN THIS! MKT CAP 9M DON'T MAKE ME LAUGH.

here, here lizard!, this m. cap should be at least 3x this IMO
Dexter

anything in sat media for mrp?.

with the rising gas prices i would expect mrp are keen to get on line asap.
why is the sp under 20p. floated at 50+p now after recent news are valued less now than then. surely now in its best position yet?>

with RAB out, this looks ready to blow... 40-50p expected this week

there will be a write up in share magazine aparently... so we better tell money am to write it up ;-)

hope so katcenka- this has potential to hit these levels but 'this week'?.

Ok , so please explain this to me , RAB selling their stake in MRP , why is this good news ? Sorry if this sounds like such an elementry question ! Also I think MRP was originally list on AIM around 30p.

so what if rab reduced there holding... they now hold less than 3% as from today.

it gives more liqiudity to the stock, if they had held on then the share could of gone rediculously to high, there a lot of PI's in this now, take a look at the number of shares bought and sold... pretty much a straight book, no overhang, its clear these are going to now only go up, the gas discovery is larger than first thought according to the company and a revaluation on calvin will be out very soon. this will push the share price well above 30p, there is further news on aqiusitions coming also, and if you speak to the chairman he will tell you there is a lot more good news to come..

personally I think you should do your own research, cause your making me do the work for you and you will only slag off what I say.

but according to some on ad v fn there is going to be some big write ups on this company this week... they could be wrong, but I think they may be right

I think you got me wrong , It was a genuine question about RAB and the affect on the share price . I don't know enough about this game to slag off anything you say.

espaceman, r u a Renault fan? :-))

Yeah how did you guess ?!!

Me too! 4th one, kids up & gone but i've got used to it.

It's my first one , my kids are only 4 and one and a half -2.2dci Grand espace new shape , I think it's a great car, so comfortable and it can go a bit.I drive to South of France and Turin a lot , the motorway is where it's best.

Subject: RE: Progress
From: "Tony Mason" Add to Address Book
To: XXXXXX
Date: Tue, 7 Feb 2006 14:21:21 -0600

Dear Sir,
It is disappointing that these Institutions have decided to sell as I was under the impression that that had ceased. However, these funds have their agendas and exit strategies and it is my belief that they may be investors again when it is realised the true value of the company and that matters are clearly progressing to our business plan. There is no sinister reason I can assure you and we have no plans at this stage for a rights issue that you allude to. As for an update on operations; you are correct in your assumption and there will be a news release when we are able to. I anticipate that this will be in the very near future.
I regard this investment as a medium term buy and hold.

Regards,



Anthony J. Mason,

CEO Meridian Petroleum PLC
Meridian Resources, USA, Inc
Meridian Resources Australia, Pty
(T) 713-599-1611
(C) 713-201-6883
(F) 713-552-1641