Meridian new to AIM (20/7/04) seems to have been drastically underpriced, offered at 30p already flying around 50p. Heavy institutional support, still plenty of upside imho
Any thoughts anyone?

being monitoring isoft recently,the price keeps going down.
any comment anyone?

andrewt,
IMO you have`nt missed the boat, i did`nt buy in until 14.5p, still cheap when you look at the mkt cap, under 11m.
Dexter

Meridian Petroleum Reports Commercial Fflow Rate From Calvin 36-1 well, Louisiana
Tuesday, January 24, 2006
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Meridian Petroleum, the oil & gas company with key assets in the USA and Australia, has announced that the Calvin 36-1 well on the Calvin Field, Winn Parish Louisiana (80% WI), reached a Total Depth of 8,512 feet on 20 January 2006. A substantial gas show resulted and commercial flow rates of up to 1mmcf/pd were encountered using a 25/64 inch choke. Both down hole pressure rates and well head pressure rates were highly satisfactory. The initial completion and flow test were open hole with no casing string. As such, higher flow rates are anticipated from the completed well with a smaller choke. The production pattern in this field, and from this formation, is that wells generally start at modest production levels and build up over time.

The Louisiana State gas flare ban meant that gas was produced into a frac tank on location. The pressures encountered were such that, with due regard for safety, the well was shut in immediately after completion of the flow test. Previous gas tests in this zone have indicated pipeline quality gas with a high condensate content. Plans are now moving forward to get the well completed and on line as soon as possible. A pipeline runs through the location approximately 100 yards from the well head to the Calvin field dehydration and processing facility.

Given the overall potential in the Calvin Field, Meridian will be conducting further exploratory work in the Rodessa Zone and then, once these are secured, in the undrilled deeper zones which are expected to be highly prolific. The appropriate steps are underway to secure these interests.

Anthony Mason, Chief Executive of Meridian said:

Calvin 36-1 is a significant onshore hydrocarbon discovery and we expect to add to this success in other areas as the year progresses. We are also looking forward to bringing our other near production assets on line soon.

put some on these @14p, also more on gold oil. think these have potential albeit speculative.

I speculate these will be the type of Company that Harry Wilson will be looking to steal post February Chinguetti production.

Not saying this one in particular but they do produce gas in the GOM and on land adjoining, add this find and a low sp, ands what have you got?

Another Fusion Oil & Gas.

Make a note of that.

This is the big gusher mentioned in Sept.2005,Sambal are you still in.

http://business.timesonline.co.uk/article/0,,8211-2007120,00.html

"Meridian Petroleum was the clear leader in the small caps, with shares surging 9.63p to 17.25p. The prospector said one of its bore holes in Louisiana, the Calvin 36-1 well, is pumping enough oil to be commercially viable. Meridian shares have derated from a peak of 56p in less than a year as holders grew impatient for news of a workable find''