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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

no idea and don't really care ..... it was a pretty rash buy when i did so, albeit very modestly, and damn nearly dumped the damn things .... fortunately sp has recovered, though for how long no one knows

anyway, you keep touting MRP and perhaps one day sp will rise to some level where i hope you will have the sense to take profits ..... btw, cap of 8m is best part of FA! .... even GOO's cap is 8.5x greater, and as you and i concur, there is still no susbtance to that company (other than Mr P keeps buying swathes!)

Exactly,GOO' cap is damm near twice MRP with hardly any income therefore which is most liable for a rerating?

would not disagree at all, though i remain very puzzled that Mr P (and MF Global) continues to buy and buy and now owns 15% ..... he may be very rich, but can he really be buying purely on whim?

I certainly do not think there will be a rebound, I havn't an opinion of whether it will go up or down. IMHO the chart says it all 'the trend is your friend'' and all that.

if you are a holder, how can you not have a view as to the direction of sp, and certainly if you think there will be no rebound (your words) why on earth did you not sell ages ago? .... should you sell now? ...... your holding is now worth so little (relatively) that i would wonder if it is worth it.

The trend can be your friend however you have to judge when the trend is about to turn if you are going to make the cash!
The fundermentals for MRP are good which is the main thing and the market will not be able to hold it back that much longer surely!

market will not be able to hold it back that much longer
what planet are you on?

cynic,

LOL...Kivver is not a holder of MRP, although I am sure he is more than able to speak up for himself...;0)

See post by Kivver......13 Jan 2008 23:30 - 305 of 352

Definately keep an eye on mrp and be ready when I feel it positve and sustainable upward movement.

Kivver - big apology due! ...... clearly getting blind in my old age ..... comprehensively failed to see the "NOT"

That will explain why you cann't see MRP as a screaming buy then Cynic!!! lol

i see chav as a screaming idiot instead!

Politeness went out the window along with the eyesight I see.

indeed - but don't take it personally!

My skin is thick but I like to think my brain isn't!

hmm! jury out on that one - lol!

give it a rest cynic for heavens sake...u r ruining the thread

as i have told you before, when i want your advice i'll give it to you ...... go and slither back over hadrian's wall .... you never know, you may find some more "true (wannabe) brits there"!

thats his intention scot

Peace Ladies and Gents, stop throwing Haggis at each other, in the meantime ; what's this ? : MRP up, rest of the market down, unusual !

British Bulls concur!

MRP Meridian Petroleum PLC '' 7.75 7.75 8.00 7.25 8.00 3.23% BUY CONF