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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

Meridian Petroleum PLC
02 August 2007


2 August 2007

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

AGM Statement and Operational Update

Meridian Petroleum (AIM: MRP), the independent oil and gas exploration and
production company with key assets in the USA and Australia announces that at
the Company's Annual General Meeting, held at 11:00am today in London, all
resolutions were duly passed.


Steve Gutteridge, Chairman, also gave the following update on its operations in
the USA.

Highlights

Calvin 36-1 on-stream with average flow rate of 50 mcfpd during first
week of production

Orion 36 scheduled for first gas in mid-August.

.Milford 36 to be put on test to establish gas flow rates and
potential for oil production; NRI increased to 29%

Company to seek farm-out or partial sale of Australian assets

Calvin 36-1, Louisiana

On 26 July 2007, Meridian Petroleum announced that it had commenced gas
production from its Calvin 36-1 well in Louisiana. The well is producing from
the shallow reservoir sands in the Calvin field in which the Company holds a
68.75% net revenue interest.

The Company's analysis of available reservoir data suggests that it will be some
weeks before pressures build and a clear view of gas production capability
emerges. Over the past week the well has flowed at an average rate of 50 mcf
per day with a peak daily rate of 82 mcf per day. The Company is monitoring
well performance closely and will continue to clean-up the well bore over the
coming weeks.

In respect of the further development of the deeper Calvin reserves through the
JV with Ensight Partners, the Company is currently evaluating drilling a low-
cost re-entry of the 5-29 well to test the Terryville sands potential. The
Company is also considering the prospects for a higher-cost new well, with the
potential for multiple targets, including the higher pressure zones.

Orion 36, Michigan

The Company is making steady progress towards bringing the Orion 36 well in
Michigan on-stream. The H2S processing and associated facilities at Orion
represent a significant investment for the company involving the transportation
and installation of several major items of equipment. Over the past month the
Company has experienced unforeseen delays in transportation including an
incident where the refrigeration unit was severely damaged during transit. We
are now pleased to confirm that all these major units are safely on-site and the
final processes of hook-up and testing are underway. CMS, the local utility and
buyer of the gas, has scheduled a target start-up date of 15 August 2007, and
the Board currently has a reasonable expectation that the Company and its
contractors will be able to meet that schedule.

Milford 36, Michigan

The results of the latest explosive perforation of the reservoir were
encouraging, but the tests also encountered unexpected oil shows. Whilst these
may enhance future cash generation from the well, it could result in an
increase in the investment in processing facilities required and add to the time
needed to bring the well into production. Consequently, the Board has decided
to put the Milford 36 well on an extended 30 day test to more clearly establish
the economics of bringing the well on-line. As the Board is maintaining tight
control over cash commitments, it plans to commence this extended test once the
Orion 36 well is on-line. The Company has recently increased its net revenue
interest in Milford 36 from 25% to 29%

Stephen Gutteridge, Chairman of Meridian Petroleum, said: 'We were pleased to
announce that the Calvin 36-1 well was producing last week. However it is
production from Orion 36 that we believe will make a real difference to our
cash position, and our current focus is on delivering that as soon as possible.
We are continuing to evaluate our plans for the development of Meridian's
larger potential assets and we are making progress in recruiting a Chief
Operating Officer to assist with the Company's day-to-day activities as we
expand our production. Conservative management of our cash resources remains
key in the short-term and we will look for a farm-out or partial sale of the
Dolores prospect in Australia and we are considering the disposal of our assets
in Mississippi to raise further cash.'

The Company also confirms that its new website is live from today, and can be
found at


www.meridianpetroleum.com

.

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.

John Randell, who works for Wellmaster, 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 Orion.


- ends -

This is just like having a baby, the market is blowing hot and cold over todays news from Meridian Pet statement and operational update. The SP has had a first class week however is now trading down. As far as I can see its all about the rate of gas and cash flow from the Calvin 36-1 well in Louisiana. In which the company holds a 68.75% net revenue interest. Over the past week the well has flowed at a rate of 50 mcf and a peak of 82 mcf per day. The company will be keeping their eye on the flow rate, and will continue to clean-up the well bore over the coming weeks.

At shareclubuk.co.uk we feel that at this stage its sit on your hands time to wait for the gas rate to flow at a much higher level. Now the truth of the matter is that there will be gas and cash flow form the Clavin 36-1. However it is production from Orion 36 that will make the real difference to the companys cash position, Meridian is currently focusing on delivering that as soon as possible, until then the SP will have a bumpy ride. The labour pains of making profits.

All I ever seem to have are miscarriages so will be glad to suffer a few labour pains LOL

looks more like blowing cold n cold ...... your best hope is that short term holders selling now the news is out rather than market in general being unimpressed, but don't hold your breath!

We are taking deep breaths and ready to hold your hand on this one Maggie

Have the waters broken yet?

Could be a "Phantom" job - SP drops once again and with double the amount of buys to sells.

looks like another miscarriage!!!!! have been having them all over the place today. Looks like we'll just have to try again.

Well, Orion should be on line this week. So news this week or next, and Orion be on line and flowing well will be a fundamental change for MRP.

Potential for a decent rise imo, if the news is good.

Fingers crossed.

Papalpower, I have been with this compnay nearly two years & it has been one of the most frustrating companies. The news has been disappointing on a regular occurence & investors thought that the news at the agm was going to be good regarding the connection of the gas wells to production but again it wasn't producing as much as expected. Based on their news over the last 18 months, what do you think is going to be different this time ?

I'm still holding & I hope that you are right regarding the news this time around but somehow I don't think it will.

Orion is potentially a well that will generate serious cash flow for MRP, and make them much stronger financially.

Its not going to push the price back up to 40p, however, all being well, MRP should recover to over the 20p levels.

http://www.oilbarrel.com/email_index.html?page=/news/article.html?body=1&key=oilbarrel_en:1187316177&feed=oilbarrel_en

17.08.2007

Meridian Brings Orion Onstream And Plans To Use Cash To Aid Additional

Development Of Calvin And Milford Assets

Shares in Meridian Petroleum ticked up this week as the AIM-quoted company brought the Orion field onstream, the second of its onshore US assets to start producing this month. The Orion sour gas field in Michigan is undergoing final testing ahead of full commercial production. Flow rates are expected to be in line with earlier projections of between 2 and 4 million cubic feet of gas per day.

The Orion field was discovered in the early 1980s but production was swiftly abandoned due to the high levels of hydrogen sulphide (H2S). Todays high gas prices and technological advances encouraged Meridian to revisit the gas deposit, which, once stripped of the H2S, produces gas of pipeline quality with a reasonably rich condensate content.

The processing required to remove the H2S costs 45 cents per thousand cubic feet of gas. CEO Tony Mason admitted the H2S removal is expensive but said it is economically viable considering the high level US gas prices have sustained for some time now. It helps that the field is near existing infrastructure.

Even so, there has been significant investment in ground works and a new well. In early 2007 the company drilled the Orion 36 well, which encountered 122 feet of gas-bearing pay. Processing equipment has been installed and the field has been connected to the local CMS utility, which will buy the gas for a price in excess of the benchmark Henry Hub. The processing facilities can handle rates of up to 5.5 million cf/d, providing scope for additional production.

Despite delays in securing essential equipment and a recent hiccup when the refrigeration unit was damaged during transit, Orion has been one of the speediest projects in the Meridian portfolio, with the field onstream within 18 months of securing the asset. This is in contrast to the Calvin field in Louisiana, which has taken a number of years to bring onstream due to reservoir complexities and the tight market for the right equipment and personnel.

The company has been working on bringing the shallow sands of the Calvin field onstream since 2004: three years later and that goal has been achieved, with the Calvin 36-1 well flowing an average of 50,000 cubic feet of gas per day during its first week of production. Production has peaked at 82,000 cf/d and the company will continue to clean-up the well bore in the coming weeks and monitor production performance.

The real interest in the Calvin field lies in the deeper reservoirs: the Knowles Limestone, the Terryville A&B sandstones, the Calvin A&B sandstones and the Troy Limestone. These sands are productive for other players in the area, including Anadarko Petroleum, which last year described its Vernon field, some 40 miles to the north and on trend, as a sleeping giant, with proven reserves of 1.4 trillion cubic feet of gas. The Calvin field isnt in this league but it still looks promising with petroleum engineers Scott Pickford estimating a total in-place gas resource of 252.65 bcf with an estimated recoverable resource of 157.88 bcf in the deeper Terryville and Calvin sands.

This is promising stuff but, as always in the natural resources business, there is a downside: the geology will not be easy to crack. The Terryville A and B sandstones normally-pressured but the reservoirs are relatively tight and will be difficult to produce. The Terryville B sandstone flowed gas at variable rates during the late 1970s using conventional completion techniques; Terryville A has yet to be tested but looks to be similar based on log character and cores. Achieving a commercial flow rate from these sandstones will depend on the successful application of modern completion techniques.

The Calvin sandstones have tested at significant rates in the past with very high pressures and high flow rates for the area. But this is an over-pressured reservoir and will require specially rated equipment to drill and develop safely. This will put a premium on any development plan and so the company is taking a cautious approach to assessing this asset. Meridian is evaluating whether to drill a low-cost re-entry of the existing 5-29 well to test the potential of the Terryville sands. It may also invest in a higher cost new well to test multiple prospects, including the higher pressure zones. Revenues from the Orion field will be key in helping the company finance these more expensive drilling plans (although a farm-down in equity is also likely).

Orions cash flows will also be used to fund the development of the Milford-36 well in Michigan. An extended 30-day production test will be initiated once Meridian has the revenues in from Orion. The company is still evaluating the best way to proceed with the Milford-36 well after the latest explosive perforation of the reservoir encountered unexpected oil shows.

This is good news (and it is little wonder the company has increased its net revenue interest in the project from 25 per cent to 29 per cent) but it also complicates matters: oil would improve cash generation from the well but it would also require additional investment in processing facilities. For a small company with limited resources, this is a careful balancing act and for now an extended production test looks like the best way to better understand the reservoir and get to grips with the best way to extract value from the field.

will be buying these before the stampede

certainly a solid performance, but please take good note of the last para of the rns ....... rush to buy very very cautiously in these markets; they have no logic

http://www.investegate.co.uk/Article.aspx?id=200708240703457553C

Some good news.


Meridian Petroleum PLC 24 August 2007

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

Production Update

Meridian Petroleum (AIM: MRP), the independent oil and gas exploration and
production company with key assets in the USA and Australia announces a
production update.

Key Points

- Orion 36 (75% Net Revenue Interest (NRI)) latest projected production rate -
over 5 mmcfd from next week

- Calvin 36-1 (68.75% NRI) production steady at around 50 mcfd - further action
required

- Victory 1-21 (10% NRI) production during June/July showed a 65% increase on
May at 130 mcfd

- Milford 36 (29% NRI) Extended production test to commence now Orion 36 is
online

Orion
Following the commencement of production on August 15, the extensive testing of
the system with live gas and the final arrangements for commercial sales to CMS
have been completed, as follows:

- All lines have been pressure tested with no leaks or problems

- Major plant and equipment, including the refrigeration unit, are all
operating effectively

- The interconnect line with CMS has been blown clear with nitrogen with no
issues encountered

- The bottom hole pressure bomb has been dropped and testing is underway

- Minor problems associated with metering and electrical communications were
encountered but have now been resolved

Commercial sales to CMS are planned to commence today, slightly later than
expected, but with the extra data now available and the success of the live gas
testing programme, the Company now expects those sales to be greater than
anticipated, with production building up over the weekend to in excess of 5
mmcfd next week.

At this rate of gas production, the Company also expects to benefit from
combined liquid output of NGL's and Condensates of some 50 bbls/day. These
liquids will sell for some 80 -100% of the West Texas Intermediate oil price.

Calvin
The 36-1 well has not yet responded to further treatment and production is
steady at around 50 mcfd. Further action will be required in the coming weeks
and the Company is currently reviewing the options to improve output.

Victory 1-21
Ominex, the operator of Victory 1-21 has reported improved performance from the
well in recent weeks. Average production in June/July was over 130 mcfd which
was a substantial improvement on the 80 mcfd averaged in May.

Milford 36
As previously announced, the Milford 36 well will now be put on extended test to
evaluate both the gas and oil production potential.

Further Updates

The Company will announce its 2007 Interim Results on 6 September and will
provide a further update on both production and plans for the Company's other
assets in the USA and Australia.

Stephen Gutteridge, Chairman said: 'Our work over the past week to complete the
testing on the Orion facility has gone well, and commercial sales are now
projected to be better than our initial expectations. We are now producing from
3 assets with a fourth going onto extended test shortly. We are now looking
forward to building up our experience as a US gas producer, and the next stage
in our development is to prioritise the best opportunities within our portfolio
of assets for reinvestment of the cash generated by this production.'

John Randell, who works for Wellmaster, 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 Orion.

Tis very good news imo that Orion is flowing at top estimates, being 5mmcfd, that well over what the expectation was in general.

Will add significant cash flow to the company now.

This is excellent news.

There she blows !!

The nice bit for me is :

"Further Updates

The Company will announce its 2007 Interim Results on 6 September and will
provide a further update on both production and plans for the Company's other
assets in the USA and Australia."


This will allow a settling period after a good rise and then further upwards movement on further news, all being well.