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

Agree Rich, not saying that if bought now, at some stage in the following year you wouldn't see a 100% profit, but the words if and but, ring loud, i too, was a victim of the VOG, CHP, MRP etc era when it all seemed rosy, can remember buying MRP at 18p and selling 2 days later at 23p, nice profit, but if i hadn't sold, look where i would be now! That said these must surely be much better value now... however i would leave well alone for the time being, better value out there...

hi Ted ... at last someone with common sense ... as i said somewhere, perhaps here, if you want an E&P oily with almost certainly better prospects, then have a look at EO. ..... still very risky, and for myself, i bought a couple of months back but sold at a decent profit, more from being shit scared than logic it has to be said

Euhhh !, without taking sides here, ladies and gents take a look at FRR, drilling for oil in Georgia of all places, (not USA) the country just south of the Caucasian Mountains, it could go ballistic but it's not without risk...

Ms Singer has accepted having her 6 million shares locked in for 6 months after which she can,if she wishes,sell them through normal channels.
This is a very positive sign for me as she clearly thinks that the sp is going to head North and increase value over this period.

No, it means she dosn't need the money now.

Whether she needs the money now or not,she would not accept an arrangement that would lose her money!!

chav,

She IN NOT locked in!

Read the RNS!!!

Further to the announcement on 16 January 2008 which notified that Ms Maurene
Singer, ex-wife of Anthony Mason, had a beneficial interest in 6,377,550
Ordinary shares, representing 6.61% of the Company's issued share capital, the
Company can now confirm that Ms Singer has signed a lock-in agreement with the
Company.


Under the terms of this agreement Ms Singer has agreed that these shares shall
not be sold (save in certain limited circumstances) for a period of six months
from 15 January 2008, being the date of the settlement and thereafter will be
sold through the Company's broker in accordance with agreed orderly market
arrangements.

save in certain limited circumstances.

I guess you find this bit a large problem Aim???!!!

chav,

It means she isn't locked in!!!

I think it has nothing to do with company or more nothing to do with what company is doing and how is doing. Probably its just to protect shareholders in case if she would like to sell large stake quick ( what would happen to the shares price?). The question is if she knows anything about this company...

My girl knows nothing about what I am doing at work, if she would be my wife and she'd get some shares of my company because of divorce first thing she would do : exchange shares for cash! :):):):):)

AIM...Of course she is locked in!!!

I would bet my last dollar that Ms Singers divorce team will have Combed through TM's affairs to get the best deal and are happy with the lock in!!

Where is MRP going now?

Chav,

How can she be locked in when there is a get out clause?

The clause was put there for a reason!

If she was happy to be locked in, why is there a get out clause?

(save in certain limited circumstances)

I dare say there is a reason for it but if it happens,then only in "certain limited circumstances".

Nice little rise today which hopefully will turn into more gains in the coming week.

50% of the spread even!

Oversold and due a bounce.

this is yet another crap E&P company .... it hasn't just run into some bad luck or similar .... the chart tells it all .... if sp crawls up to 7/8p in the immediate future, where it hits 25 dma it will be doing well