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
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!!
capetown
- 29 Oct 2007 12:53
- 224 of 741
I can see all the arguments for not buying when it was 40p,but at this price i am in,i remember COP being all the rage and now that has doubled from its recent lows,MRP will do the same.
chav
- 29 Oct 2007 12:57
- 225 of 741
There's plenty out there with a higher mkt cap but not producing the goods.Production at Orion gives a hell of alot of safety to MRP from having to go to the market, cap in hand, for more money to survive or develop.