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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
24 July 2006





24 July 2006



MERIDIAN PETROLEUM PLC

('Meridian' or 'the Company')


AUSTRALIAN NATIVE TITLE AGREEMENT SIGNED


Meridian Petroleum (AIM: MRP), the oil & gas company with key assets in the USA
and Australia, today announces the signing of an agreement ('the Agreement') in
respect of its Australian PELA 132 licence Native Title Claim.

The Native Title Claim Group and its governing body ATLA hold the traditional
land rights to the licence area and their agreement is required prior to any
exploration being undertaken.


The principle terms of the Agreement require Meridian to pay:


A signature payment of AUS$60,000

An annual administration fee of AU$15,000, subject to annual
inflation adjustment

An annual royalty of 1% of production



These terms are in line with other recently negotiated native title claim
settlements. The Agreement will now be referred to the South Australian
Minister of Mines and Petroleum for execution.

PELA 132, in the Arrowie Basin, onshore South Australia contains the Dolores
prospect which is 40km from the existing Moomba to Adelaide gas pipeline linking
the Cooper Basin gas fields to the South Australian gas consumers. Meridian has
a 100% working interest in the licence and is planning to drill the Delores
Prospect later this year.

Meridian recently announced the results of a Scott Pickford evaluation of the
Delores Prospect which assigned a 'best estimate' Gas-In-Place of 547 Bcf
(approximately 91mmboe) and an estimated P50 gas recoverable of 432 Bcf
(approximately 72 mmboe).

Anthony Mason, Chief Executive of Meridian said:

'The signing of this Native Title Agreement represents the culmination of over 2
years of negotiations and is a major step forward in the development of our
Australian assets. Scott Pickford recently assigned an estimated 432Bcf P50
recoverable gas reserve to the prospect. We are now reviewing the best way in
which to exploit this prospect and anticipate drilling will commence at the turn
of the year'.

afternoon all,
i just emailed MRP re. funding and got this reply in about 5 mins.
Dexter


RE: Funding
Date: Tue, 25 Jul 2006 08:44:25 -0400
From: "Tony Mason" Add to Address Book
To: "****** *******"

That issuen is being examined. As they say we shall see. It may not be
equity there are other forms of capital available to us.

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



-----Original Message-----
From: ****** *******[mailto:******.roger@btopenworld.com]
Sent: Tue 7/25/2006 07:40
To: Information
Subject: Funding

Hi Tony,
good news on the native title as well as the deep gas. The
one thing that does concern me is the cost of these projects and the
CBM aquisition. Obviously with Calvin and Victory producing this will
generate some cashflow, but do you forsee the need for additional funding
via a placing to help with these.
I look forward to your reply,
Regards,
Roger ??

Dexter.. I think your getting on tonys nerves.. his reply sounded.. lets put nicely

feck off you annoying little PI

TAKEN FROM ADVFN-AGM..............

NoviceMikeT - 27 Jul'06 - 14:16 - 23907 of 23916


OK Guys - quite a missive

OK very positive meeting and for me a very assuring meeting.
I had a big scare with MRP Friday - After today I am certain that it was a big scare and all misinterpreted / in accurate and false information.

All the resolutions were carried and TM did say that they were in discussions with other auditors about carrying out the audit in future years.

He had some very interesting things to say on Market Abuse.

TM has been in a number of discussions with the FSA and he is putting together a catalog of some very serious issues. It nearly all relates to this particularly board he did not mention the board by name but the general gist of what he said, who he said it to, leaves me certain it is ADVFN. Its quite a tedious job putting all that paperwork together for the FSA but it is in progress and the full documentation will be going to them in about 2 weeks. It does not help that the board refuse to return his calls and have provided no assistance at all.

Some serious damage has been done to the company with the recent continued shorting of shares particularly on the back of serious false information imparted deliberately to effect movement in the share prices. The FSA are going to look at that in some detail and take their own action. Hallelujah. But for MRP it is an unnecessary focus when there are far more important things to be getting on with but they need to do it because they have a duty to protect their share price.

He is going to speak to the NOMAD and task them to get information as to who has been involved in the Hypothecation the lending of shares for shorting. It has been very difficult to get accurate information on this.

So Calvin Im going to come clean with everyone and let you know what has happened these last few days. Im sure that some of it has had an effect on the SP as I have spoken to one or two people and its fairly likely they too spoke to others and I know as a result of this some of those people have lightened their load in MRP. I did not and Ive still maintained my same holding. I am particularly relieved now.

On Friday I started to make some enquiries about Calvin and spent the best part of the evening on the phone to Louisiana. As I got passed from one person to another the news I was hearing was not good. In fact I was getting very alarmed. By Midnight Friday I was in a pig-sweat. As I understood it then Calvin had been shut it and was a totally unviable proposition: WHAT? I was asking.

I had some correspondence with TM over the weekend and I took his angry response to be quite defensive and only became more worried. Now that I understood where the misinformation came from I can fully understand TMs anger. Hes already dealing with the problem of the SP being maliciously depressed and had I started shouting and screaming this it would have gone through the floor and ultimately causing massive damage to MRP (as it has been damaged by all the recent shorting).

It was part and parcel of the reason why I took time off work (and Im a contractor so I get paid by the day no work / no pay) to go to the AGM. Tony was well prepared for me. He had all the peprwork relating to Calvin available to be inspected. All the permits and the recent filings.

He also had a detailed Map of the pipelines in the area there had been some misinformation about that too. Why I am so certain now that I had been misinformed is that the name of the company working the well, which I kept getting from the people in Louisiana Justice Mears were actually the people who originally worked Calvin some 18 months back! And yes, the well had been shut in then because there was a problem. A big problem. They 4ked it up.

Thats why they are currently being so careful with Calvin 36/1. That is why time and time again Mason has stressed that they are not going to rush this at all and hes is only going to work with the right people and the right equipment. Its too delicate a situation to be done any other way.

They are working on Calvin at the moment they have done the Barefoot Completion. They are still cleaning away some Acid. This afternoon they will go in with a wire line and check the fluid and flow rate. They still need to do a further 30 days of flow tests.

The pressure at Calvin is quite low only some 900 / 1200 lbs and it is well known that the area is vertically fractured. It is very easy to blow it and end up flooded with water. That is why they have to be so careful.

What they do know from the history of Sligo Petit and this type of formation, is that the initial flows are going to be very low, then they are going to rise and then rise quite sharply and very high (and thats also where the big problem comes) after that it should slow down a bit, will level off and flow then at that constant steady level.

There will be some further announcements in some weeks to the market about Calvin and what they are expecting long term.

The pipes in the area are good theyve successfully tested them with water to ensure that theyre not blocked or corroded and they all run to a major de-salination plant originanly built by FINA. Fortunately this plant is quite modular and it can be added to with new modules If it all comes right in the Calvin field as a whole which is what they are working towards then they will need to add to the plant. For the time being thought the plant in place is more than adequate for Calvin 36/1.

Tony Mason was open he was well armed with substantial documentation, maps and he was ready for me. Weve been in communication this week. I am totally satisfied that the scare I got was down to misinformation and not talking to the right people. I feel quite guilty that I wasted Tonys time with what has turned out to be some false information and if some of that has filtered out to people inadvertently and had any adverse effect on the SP these past couple of days, then I apologise. Tony came across as open and honest this morning and I have no further reason to doubt him or be sceptical.

The big excitement for MRP at the moment is Australia and especially Warrior Basin. They are in the process of trying to form a partnership at the moment. Tony spoke about Scott Pickfords 1 in 5 assessment. A big reason for that and their somewhat cautious approach is that there is some work to be done here. This land is frontier territory its in the middle of nowhere. Its 40kms to the nearest pipelines. But those are substantial pipelines.

MRPs Warrior Basin acquisition is potentially Strongest on-shore play in Southern Australia. This is what is going to make MRP into a household name. The potential is huge. Even better, the Hydro Carbons are only at 4000ft. Its not going to be a costly exercise to drill for these. Their biggest cost is going to be mobilising the rig and getting it out to the Frontier!!

You are going to see an improvement in the web-site in the next couple of months. Theyre bringing control of that to the States it has been a nigh impossible task to manage and update the web-site when it controlled from London by 3rd parties.

Tony was very upbeat and excited. The company is moving forward, has some tremendous realisable, assets in place and is massively undervalued at the moment. The NOMAD is tasked to work hard and right the public profile of MRP. Without doubt there will be a correction in the SP most especially when the FSA takes action against those who have manipulated and abused the company SP to further their own ends.

Ive got to say I came away really relieved and actually quite excited. Ill let IJ / Chris and Graham speak for themselves but Im sure they too came away too with some of that excitement.

Though I am currently 100% cash, MRP is a company I have liked for some time, albeit that it is rather illiquid being so tiny ..... It is a racing certainty that FSA will take no action at all against the bears, but that is a side issue ..... If, and it is still a pretty big if, MRP are to become a substantial company, they are going to need to come up with some decent production ..... It's fine getting excited at prospects, but in the energy game the anticipation is far too often better than the arrival - e.g. Calvin was recently touted as the big company-maker, but it is clearly (I think) very far from that

I agree with Cynic. It would be nice to see action taken, not just on this share but a number of them. Ultimately though I suppose it will be difficult to prove any specific abuse, as eveyone is posting "an opinion" at the time they write, and events and conditions change opinions. Of course if someone was posting something to deliberately mislead (an email from xyz for example), then I'm sure that could be easily proven as "made up" and so deliberately misleading. This site, I'm pleased to say tends to be far better in terms of content than certain others I've visited.

In my opinion anyway...... :-)

Strawbs.

How romantic to find myself holding hands with Strawbs yet again!

LOL.

Strawbs

This just looks like another over-priced oil company. The chart looks very bearish to me. I expect to see it at 15p and then around 10p.

This has been over-ramped for some time and it now looks like some realism has taken hold. Many of these exploration companies look likethe worst of the dot com boom.

Clearly the bears have been badly scared by the threat of alleged action by FSA ..... down a further 1.5p!

I think the bears have been a bit more realistic and accurate than the bulls.

cynic,

I seriously dount the FSA will take any action, and I am surprised TM is focussing on this, rather than building shareholder value in the company.

Surely the best way to dispose of the bears is to buid real value, and the market will sort out the true price?

And if there is a large short position, when it closes the price will increase I would have thought?

expect bad news tomorrow, talk of cavin not ready now till october, so another extension.. and we were told september. and before that 30 days and before that imminent, results due out expected to show a loss and reduction in shareholder funds.

8p will shortly follow

to late to short today, but may be worth trying to short tomorrow as sp is just about spot on 50 dma resistance level

Carefull Cynic. Mason will be after you. Shorters aren't welcome. :-)

Strawbs.

who the hell is Mason? Fortnum's partner?

As in Tony Mason CEO. Was he not miffed about some broker shorting MRP?

Actually given that Calvin will come on-line eventually, and all the assets they have acquired, it might actually be worth going long rather than short.

Maybe I'll put it in my paper portfollio..........

In my opinion, do your own research, ya da ya da ya.....

Strawbs.

Strawbs you're correct IMO --short closed ..THANKS 34p TO 15p..
This share price should never be this low given the facts and TM WILL REVEAL
ALL WHEN HE THINKS FIT TO DO SO. It's a no brainer like HMB------DYOH

RNS: Interim Results

Might need to hold that short a little longer. Looks like Calvin won't be ready until October after all. I've no doubt this will hit the share price again, but I think long term this must be completed eventually......unless they go bust of course.

In my opinion, do your own research.....etc.

Strawbs.

sp opened about 10% down so arguably too late to short ..... though calvin may well come good, markets don't like bad news, even delays against promises, especially from minnows and the figures weren't so hot either.