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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

PapalPower - 24 Aug 2007 07:11 - 204 of 741

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.

PapalPower - 24 Aug 2007 07:30 - 205 of 741

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.

Peter123 - 24 Aug 2007 07:32 - 206 of 741

This is excellent news.

Oakapples142 - 24 Aug 2007 08:06 - 207 of 741


There she blows !!

PapalPower - 24 Aug 2007 08:10 - 208 of 741

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.

Oakapples142 - 24 Aug 2007 08:28 - 209 of 741


How right you are

share trader - 03 Sep 2007 14:12 - 210 of 741

Orion 36 well delay announced, click HERE for information

Peter123 - 17 Sep 2007 19:43 - 211 of 741

Meridian Petroleum PLC
17 September 2007


17 September 2007 AIM: MRP

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

Directors' Dealings

Meridian was today informed that Angelo Baskaran, the Finance Director of the
Company, has bought 135,000 ordinary shares of 5p each ('Ordinary Shares') in
the Company from Anthony Mason, the Company's Chief Executive, at a price of
12.25p per Ordinary Share, being the mid-market closing price on Friday 14th
September 2007.

Mr Mason's interests in the Company accordingly now comprise 23,992,334 Ordinary
Shares which represents 24.85% of the issued share capital of the Company.

Mr Baskaran's interests in the Company accordingly now comprise 135,000 Ordinary
Shares which represents 0.14% of the issued share capital of the Company.


- ends -

For further information contact:

Meridian Petroleum Plc
Stephen Gutteridge, Chairman +44 (0) 20 7811 0140
Tony Mason, CEO +1 713 599 1611

Ambrian Partners +44 (0) 20 7776 6400
Tim Goodman

Parkgreen Communications +44 (0) 20 7851 7480
Simon Robinson
Erica Nelson

Marcel1970 - 21 Sep 2007 08:42 - 212 of 741

Does anyone know when next news is due?

maestro - 21 Sep 2007 16:46 - 213 of 741

before end of sept...so next week probably

Peter123 - 25 Sep 2007 10:49 - 214 of 741

Good News, cashflow up and running.

Meridian Petroleum PLC
25 September 2007



25 September 2007


Meridian Petroleum plc

('Meridian' or 'the Company')


Orion 36 Production Update


Meridian Petroleum (AIM: MRP) announces an update to the market on its Orion 36
well in Michigan, in which it has a 75% Net Revenue Interest (NRI).


Gas production at Orion is currently averaging over 3 million cubic feet per
day. Production of Natural Gas Liquids (NGL) is in-line with expectations, and
an initial sale of 350 barrels from stock has been undertaken.


The Company has completed its reservoir perforation plan with minimal downtime,
and the pressure build-up at the well is encouraging and continues to rise.


The Company is benefiting from current high US energy prices of around $7 per
thousand cubic feet for Natural Gas at Detroit Gate, and over $80 per barrel for
West Texas Intermediate crude oil.


The current gross daily value of production from Orion 36 is in excess of
USD23,000.

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

For further information contact:

Meridian Petroleum Plc Ambrian Partners Parkgreen Communications

Stephen Gutteridge, Chairman Tim Goodman Simon Robinson

+44 (0) 20 7811 0140 Richard Greenfield Erica Nelson

+44 (0) 20 7776 6400 +44 (0) 20 7851 7480

Tony Mason, CEO

+1 713 599 1611




This information is provided by RNS
The company news service from the London Stock Exchange

Marcel1970 - 25 Sep 2007 13:20 - 215 of 741

If this is good news why is the share price not going up?

Peter123 - 25 Sep 2007 14:07 - 216 of 741

I am wondering myself???

maestro - 25 Sep 2007 17:51 - 217 of 741

BECAUSE its the most manipulated stock on the market ...typical zionist city whores shorting it

dexter01 - 17 Oct 2007 14:33 - 218 of 741

check this out!,.... screaming buy IMO
Dexter

Meridian Petroleum PLC
17 October 2007


17 October 2007


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

Orion 36 Production Update


Meridian Petroleum (AIM: MRP) announces an update to the market on its Orion 36
well in Michigan, in which it has a 75% Net Revenue Interest (NRI).

Gas production at Orion is currently averaging over 3.5 million cubic feet per
day. Production of Natural Gas Liquids (NGL) remains in-line with expectations,
and cumulative sales of over 1000 barrels from stock have been undertaken.

Throughout the build-up of production during the past 3 weeks, tubing pressure
has continued to rise and is currently in excess of 900psi.

The Company continues to benefit from current high US energy prices of over
$7.50 per thousand cubic feet for Natural Gas at Detroit Gate, and over $80 per
barrel for West Texas Intermediate crude oil.

The current gross daily value of production from Orion 36 is in excess of
USD28,000.

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

maestro - 17 Oct 2007 17:25 - 219 of 741

and still the shorting scumbags won't let it rise

potatohead - 29 Oct 2007 10:30 - 220 of 741

its not shorters..

the market wont let it rise and there is no reason for a rise, orion production income will be spent on projects.. trust has gone on this company and also why did TM resign.. all those emails of telling people when an rns was out was well out of order and I reckon this could be a reason why he had to quit.. also what about his holdings no one will buy until he has sold..

chav - 29 Oct 2007 12:35 - 221 of 741

Of course the Orion income will be spent on other projects!!How else do you think the company can grow if it does'nt develop the rest of the impressive asset's Blue???? MRP are probably the safest punt on AIM as far as oilers go.How many others are self funding or can even get close to covering their admin costs?

capetown - 29 Oct 2007 12:43 - 222 of 741

chav,this has to be a steal @10p?

chav - 29 Oct 2007 12:50 - 223 of 741

Capetown,this has to be a steal at 20p!!
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