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?

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''