www.meridianpetroleum.com

http://moneyam.uk-wire.com/cgi-bin/articles/200909240700095757Z.html
http://www.meridianpetroleum.com/admin/News/Docs/2008%20Results.pdf

http://www.meridianpetroleum.com/admin/News/Docs/Operations%20Update%20March%2009.pdf

http://www.oilbarrel.com/news/display_news/article/conference-report-2-petroceltic-international-targets-multi-tcf-resource-in-algeria-meridian-petro/771.html



Producing Oil/nat gas from the ELV field/USA....45% of Oil/Gas produced hedged at $100/bbl and $10.90 per mcf)

http://www.oilbarrel.com/fileadmin/content/pdfs/oilbarrel/presentations/merid%20pres.pdf


Drilling ELV.....Suspended until gain consent for sidetrack...casing and wellhead left in for future re entry

3D Seismics have been shot on PEL82 Otway Basin Australia....results are excellant!
PEL 82 Potential resource increased from 150mbbls Oil tooooooo 430mbbls Oil!



Also trading on Plusmarkets
http://www.plusmarketsgroup.com/data.shtml?ISIN=GB00B3DDP128/GBX/PLUS-exn

talking to your self is the first sign of madness

good idea though

i would expect the next leg to 60p isnt far away

Target depth should be reached at Pontiac anytime from Wednesday onwards.

2 trading days before a possible RNS regards drilling update.

..

Tomorrow must be regarded as the last trading day for either selling or buying before a drilling update on Pontiac......RNS anytime from Wednesday onwards..

TD achieved at Pontiac tomorrow maybe.

TD achieved and dry....bugger!!.....ELV next up to the plate..

SP settled and slowly rising again ahead of seismic results.

Nice 10% gain today

Up another 13% today so far....re rating continues.

Another mark up due.

While Petroceltic is on the hunt for hydrocarbons in Algeria, Meridian Petroleum is on the acquisition trail. The AIM company, which focuses on North America and Australia, listed in 2004, brought its first significant production on-stream in 2007 and reported a maiden profit the following year. That producing field, the Orion sour gas field in Michigan, has served Meridian well, with a US$4 million investment in a sulfa-treat plant enabling the company to drain an otherwise abandoned deposit. At its peak last summer, Orion was producing 6 million cubic feet per day but it is now in decline, flowing around 2 million cf/d, and should cease production in the fourth quarter of this year.

Efforts to find an Orion look-alike came to naught when the Pontiac well came in dry, leaving rather a space in the portfolio. The company has already taken steps to plug this gap, spending US$10 million last year on the East Lake Verret field in Louisiana. It was critical to our business to get another asset online because we were dependent on just one well and that made us vulnerable if it came offline, explained Gutteridge.

East Lake Verret is home to six producing wells that provide net production of 1 million cf/d of gas and around 50 bpd of oil. The 2P reserve number is 1 million barrels of oil equivalent, of which only 30 per cent is currently in production, providing substantial low risk upside. Meridian plans to get after this upside, with a two to three well programme on the books this year to bring onstream another 500,000 boe, which should lead to a 50 per cent increase in production by the end of the year. This would take output to 1.5 million cf/d and 75 bpd but could be higher if partner negotiations see Meridian take on a bigger slug of the drilling costs and thus eventual production.

The company is also looking for other acquisitions and has a US$35 million war chest courtesy of a US$50 million debt facility. We prefer onshore, and we want to buy proven production with low risk upside, said Gutteridge, who has pushed for six deals this year, none of which have come off. I must be acquiring a reputation as a perennial under-bidder, he said None of those assets have been sold, however, which shows there is a bit of gap to close between buyer and seller aspirations.

Meridian also has a collection of exploration assets in South Australia. These include the Delores gas prospect in PEL 132 in the Arrowie Basin and three 50 million barrel prospects in PEL82 in the Otway Basin. The company isnt allowed to use its debt facility for exploration purposes, which means that drilling on these licences will involve farm-outs or a partial sale of Australian operating company.

The prospective resources in Australia are large enough to attract attention, said Gutteridge, pointing to a possible 226 million barrels of oil equivalent resource.


http://www.oilbarrel.com/news/display_news/article/conference-report-2-petroceltic-international-targets-multi-tcf-resource-in-algeria-meridian-petro/771.html

Not going to take many more buys before a tick up.

Small tick up this morning...not long till 3D results on PEL82

RNS Number : 8473S
Meridian Petroleum PLC
27 May 2009

MERIDIAN PETROLEUM plc

('Meridian' or 'the Company')

Change of Adviser

Meridian Petroleum (AIM : MRP), the oil and gas exploration and production company with producing assets in the USA and exploration licences in Australia, is pleased to announce the appointment, with immediate effect, of Evolution Securities Limited as Nominated Adviser and Broker.

Chav, this is now a new beginning. Watch carefully imho. Things will now get interesting.

Evolution can be/has been slow however I do believe we are arriving at the finished article with this animal.

More sells than buys this Morning and the sp is up 9%...large buy order being filled?....3D results leaking?..

sp up a bit this morning again despite large sells yesterday.

chav, seems it was wins trying to squeeze. Hasn`t fallen back much though. Would expect an update before the AGM ON 18TH