potatohead
- 14 Feb 2006 15:31
Meridian Petroleum PLC
14 February 2006
14 February 2006
MERIDIAN PETROLEUM PLC
('Meridian' or 'the Company')
ORION LEASE SIGNED
Meridian Petroleum (AIM: MRP), the oil & gas company with key assets in the USA
and Australia, today announces that it has signed a lease on the Orion field
(100% Working Interest) located in Oakland County, Michigan.
Based on data from earlier wells, the lease contains a proven and probable shut
in reserve of 3 BCF of gas in place with approximately 2.7 BCF recoverable.
The gas content is pipeline quality after treatment and also contains
condensate.
The Niagaran reef was previously drilled in the late 1980's and early 1990's but
was shut in due to hydrogen sulphide emissions and the absence of appropriate
treatment technologies. Meridian's proposed use of 'sulphur treat' towers, a
technology now widely used for this type of gas treatment has been accepted by
the Michigan Department of Environmental Quality (DEQ).
Flow rates on the previous wells averaged between 2 to 4 mmcf per day plus
condensate and Meridian anticipates achieving similar flow rates from its
proposed new well location. The bottom hole location of the new well will remain
the same as the previous wells but will be accessed from the surface via a
directional drilling leg.
The proposed new well location is on a partially used asphalt pit adjacent to a
major gas pipeline.
Anthony Mason, Chief Executive of Meridian said:
'We are delighted to have signed up this significant shut in gas reserve in
Michigan State. Subject to permitting and equipment availability, we expect to
begin drilling operations early in the second quarter of this year.'
Enquiries:
Meridian Petroleum (020 7409 5041)
Tony Mason, Chief Executive
Westhouse Securities (020 7601 6100)
Richard Morrison
lizard
- 05 Apr 2006 18:19
- 39 of 57
strong close- open up i reckon!
potatohead
- 06 Apr 2006 13:14
- 40 of 57
FROST LAWS AT MILFORD HAVE BEEN REMOVED, EXPECT NEWS UPDATE ON MILFORD TOO, WE COULD GET A TRIPPLE RNS
VICTORY - ONLINE
CALVIN - ONLINE
MILFORD - WORK HAS STARTED DUE TO REMOVAL OF FROST LAWS
YIPPPEEE
potatohead
- 25 Apr 2006 13:38
- 41 of 57
last chance to get in me thinks..
britshare
- 25 Apr 2006 14:40
- 42 of 57
bankokbang/bluedolphine/potatohead.
katcenka
- 25 Apr 2006 22:04
- 43 of 57
not long now!!!!
KEAYDIAN
- 25 Apr 2006 22:05
- 44 of 57
bankokbang/bluedolphine/potatohead.
explosive
- 25 Apr 2006 23:44
- 45 of 57
Mmmmmm looks interesting, perfect for acid rain lovers, very smelly too I'd imagine.... Has there been any local protests yet?
britshare
- 26 Apr 2006 03:06
- 46 of 57
bankokbang/bluedolphine/potatohead/katchenka.
dexter01
- 26 Apr 2006 10:00
- 47 of 57
morning all,
just thought i would throw in my tuppence worth. With regards to people saying they have been told that TM has told them there will be an update in 5 10 or however many days, if this were true it would amount to insider dealing as it would be price sensitive. When i have emailed the responce i have got is pretty standard , the same kind that everyone would get.Unless i have a declared interest TM would`nt know if i had 100 or 1,000,000 shares.
IMO, calvin could already be hooked up and producing, this sort of thing happens a lot, when you read an RNS they say something like, the hook up was completed on the 20th of april and is now producing etc. etc.
So all we have to do is sit and wait or take our profits, it`s as simple as that, although some try to complicate things with graphs for this and that. A graph would mean nowt if for example everything was going to plan and then there was a blow out or such like.
It`s not rocket science, it just take a bit of common sense and a bit of luck now and again, trust YOR and judgement, listen to what others have to say, but at the end of the day it`s your money and nobody else`s.
regards,
Dexter
potatohead
- 26 Apr 2006 13:54
- 48 of 57
lets see what today brings eh!!
dexter01
- 26 Apr 2006 14:26
- 49 of 57
Once we have completed the work we will inform the market. The completion is on track and in line with our expectations. Complicated reservoirs take time and have to be handled in a careful and conservative manner.
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
--------------------------------------------------------------------------------
From: ****** *******
Sent: Wed 4/26/2006 08:05
To: Information
Subject: Calvin
Dear sir,
as a shareholder i am a little concerned about the iminent hookup of calvin, am i right in thinking that this will be finished this week ?
regards,
Roger *******
lizard
- 26 Apr 2006 14:40
- 50 of 57
at least this period will get out the 10 minute holders!.
potatohead
- 23 May 2006 13:59
- 51 of 57
expect news out between this afternoon and thursday..
suspension of share may well be on the cards as the hike up in SP will be significant
get in now, you wont get it this cheap again
cynic
- 26 May 2006 07:46
- 52 of 57
Good "Cow Bottom Methane" news today should give even more impetus to this share
potatohead
- 26 May 2006 13:58
- 53 of 57
Meridian Petroleum Provides Update on its Coal Bed Methane Prospect in the Black Warrior Basin, Alabama
Latest Oilvoice Headlines
MeridianPetroleum, the oil & gas exploration and production Company with key assets in the USA and Australia, today issued the following update on its Coal Bed Methane (CBM) prospect in the Black Warrior Basin, Alabama, USA which has been the subject of a due diligence review by Scott Pickford.
The review indicates that the prospect area contains multiple coals with gas content and seam thickness values consistent with a commercially viable coalbed methane development.
The area has been previously explored with a number of wells drilled but not developed. This available primary well data and engineering data from independent sources have been evaluated as part of the Scott Pickford review.
Independent estimates of well productivity were found to be reliable and robust although, in Scott Pickfords opinion, there is a significant probability that the coals are undersaturated. Based on these assumptions, the review projects 30-year cumulative gas production in the range 388 to 604 mmscf per well with peak gas rates of 50 to 80 mscf per well, per day.
Meridian has begun a land leasing programme to establish a footprint from which to conduct a pilot development project. The Company intends that an initial data collection and testing programme will be included as part of the pilot project which itself will be confined to a relatively small scale, on the order of 5 to 10 wells, until uncertainty with respect to undersaturation of the coals is resolved. The capital investment required is expected to be modest by such pilot project standards.
If as expected, the pilot project confirms the reviews projections, Meridian will proceed to lease a 50,000 acre land position on which the Company would expect to drill in excess of 600 producing wells. Adequate infrastructure exists within the area to transport gas to market on a highly economic basis.
Mr. Tony Mason, Chief Executive of Meridian, said:
The Scott Pickford evaluation confirms our view of the significant potential of this CBM prospect. We have a carefully developed plan in place for the leasing of a footprint for the pilot project which we are now implementing. Assuming the successful outcome of the pilot project, we intend to begin the immediate commercial development of the prospect which will involve leasing 50,000 acres of land on which we would expect to drill over 600 wells.
potatohead
- 19 Jun 2006 09:10
- 54 of 57
dexter01 - 19 Jun'06 - 09:07 - 17765 of 17765
Genesis,
this is the email igot last week, it does say news will be positive, but then did`nt we already know that ie; when calvi fianlly comes on line it will be positive because we know the minimum what the flow rate will be.
If you don`t beleive the emails, why don`t you ring the company and ask if they did in fact send it. Use my email to ask if you want
Dexter
__________________________________________
Subject: RE: Calvin
From: "Tony Mason" Add to Address Book
To: "****** *******"
Date: Wed, 14 Jun 2006 07:25:00 -0500
There will be positive news flow on the Calvin 36 #1 well and other assets very shortly.
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
--------------------------------------------------------------------------------
From: ****** *******
Sent: Wed 6/14/2006 06:49
To: Information
Subject: Calvin
Dear sir,
You have told me in past emails that there are no problems with the calvin tie in, but the date has gone from early April to now, the middle of June. If there are problems i feel you should inform the market, likewise if it is tied in i feel you should inform the market, as i feel with the market as it is now and with MRP`s sp dropping dramatically, it would be price sensitive information. I do feel that the shareholders need to be re assured as to what is happening, as in the past timescales have come and gone and at the moment investors are getting cold feet thinking this is another case of timescales being very misleading.
I look forward your reply.
Roger $$$$$$$
mysunshine
- 20 Jun 2006 13:23
- 55 of 57
Meridian Petroleum PLC
20 June 2006
20 June 2006
MERIDIAN PETROLEUM PLC
('Meridian' or 'the Company')
Activity Update
Meridian, the oil & gas exploration and production company with key assets in
the USA and Australia, has today issued the following update on its activities.
Calvin Field (67.75% NRI) Successful well test
- Calvin 36 #1
On Friday, 16 June 2006, Calvin 36 #1 was successfully tested and completed with
5 1/2 inch casing being set. A completion test is being filed with the State of
Louisiana. The Company is currently evaluating whether any additional work will
be required on the well prior to final hook-up, which is planned in the next few
weeks after approval of permitting filed with the State of Louisiana.
Calvin 36#1 will be producing from the Sligo Petit Zone. The gas is of high
quality and the gathering and process facilities are in place in the Calvin
field making transport to market very simple. Estimated production rates are
between 0.25 to 1mmcfpd.
- Calvin 5 # 31
The Company is putting together equipment and personnel for the re entry and
work over of the Calvin 5 # 31 well with a view to producing from the Rodessa
Zone. The Company is moving forward as quickly as practicable and will keep the
market informed of progress.
Orion, 80% NRI:
Equipment and personal are in place for re-entering the 2.7 to 3 BCF Orion reef.
Re-entry is planned in the week of 14 August 2006. A rig and a directional
drilling unit have been booked accordingly and the Company is currently on
schedule to meet the current timetable
Milford 36; 25% NRI:
Meridian is planning the step and drilling of lateral holes using a coiled
tubing unit in August 2006. This reef has in excess of 100 feet of net pay and,
after an examination of well logs and 2-D seismic by the Company and its
partners, it was felt that this course of action was the most technically
suitable in order to increase flow rate to a higher level. This asset has been
previously tested and contains pipeline quality gas which can go straight into
the local pipeline without the need for additional processing.
Deep Gas Rights Acquisition:
The Company is in the final stages of a substantial acquisition of deep gas
rights in area of significant gas production. The reserve is on shore and on
trend with some substantial production from several well known gas producers.
The terms of the acquisition have been agreed, and Scott Pickford, the company's
reserve engineers, have been retained to compile a Competent Persons Report
(CPR) which will indicate the gas in place (GIP) and Estimated Ultimate
Recoverable (EUR). Details of the reserve will be made public following the
completion of this independent report.
Subject to title opinion from the Company's lawyers, the transaction should
close in less than 30 days. The reserve potential is likely to be in excess of
80 BCF, with the Company retaining a 70% Net Revenue Interest (NRI) in the
acreage.
Tony Mason, Chief Executive of Meridian, commented:
'Meridian continues to make good progress in executing its business plan. The
Company has access to significant upside in markets where products can be not
only easily taken to the market but also receive above spot market prices in
terms of payment. Furthermore, the smaller, producing assets provide cash flow
in the short to mid term whilst the plans for the Company's larger projects are
being executed.'
Don Caldwell, a certified petroleum geologist, is the Company's Qualified Person
and has reviewed and approved the information in this announcement.
mysunshine
- 20 Jun 2006 13:30
- 56 of 57
Hi Potatohead - Just a polite question. Any chance of putting Meridian's name somewhere in the heading of the thread so it will draw people's attention to which company it's about? Hope you don't mind me asking. At the moment people may overlook it.
mysunshine
- 20 Jun 2006 13:42
- 57 of 57
Just realised there are two Meridian threads running at the same time. As the other is already entitled MERIDIAN PETROLEUM your thread may be overlooked if you don't have MERIDIAN in it somewhere. No offence meant - just trying to be helpful.