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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

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.

capetown - 29 Oct 2007 12:59 - 226 of 741

As per the wall st,interview.
i bought last week @10.06

chav - 29 Oct 2007 13:06 - 227 of 741

The Wall Street interview with SG was very good and confirmed everything that we already know,pleasing to hear that the flow rates for Orion are still going well.
With EME in decline lately on bad news perhaps some of the sellers will see the sense in investing in MRP as a safer bet.

chav - 30 Oct 2007 13:49 - 228 of 741

MRP seem to have hit the bottom of the slippery slope and poised ready for the break up.Little bit of Blue today,hopefully alot more of it to come!

capetown - 02 Nov 2007 09:07 - 229 of 741

Could this be the breakout?

Bluelady - 02 Nov 2007 09:22 - 230 of 741

Capetown, a question I keep on asking myself, lol. And yes I am a holder.

capetown - 02 Nov 2007 09:23 - 231 of 741

Be patient,it will happen.

capetown - 06 Nov 2007 08:43 - 232 of 741

Good rise from its 10p low,volumes on the up,15 next support?

maxtor - 04 Jan 2008 08:16 - 233 of 741

Good News Today.Up 8% already
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