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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

How is this made up?
Is it 108mmcf * $9 = $972k *75% = $731k
What is the value of the natural gas liquids 55bbls/day*29 *$?? *75% = $??
Does anyone know what monthly expenditure is currently?
Many thanks.

108mmcf * $9 = $972,000 * 75% = $729,000
55 bbl condensate * $65 * 29 * 75% = $77,750

Total = $806,750.

Around $918,000 for gas in February, plus of course liquids at 55bls a day for even 28 days gives 1540 boe, at what $60=$92,400+approx. $918,000 still makes it $1m a month gross.

monthly expenditure is about $250k $3 million a year roughly with orion leasing costs

108 mmcf @ month $9 $972k $731k
1600 bbls @ $55 $96k $ 73k

$ 9.6 million - $ 3 ex nett $ 6-7 million roughly

Hello why has this little one woken up this morning

because its at an almost all time low.

On second thoughts,
Could be news on the way.

It is always worth having second thoughts.

Not always.

Are we talking marriage now

does anyone do that in the western world these days?

certainly being a man with a bit of cash behind him, no guy in their right mind would marry.....just ask paul mccartney.
getting married in uk is about worst thing to do....if u do get married, do it elsewhere.....even in oz, if u separate then its only the wealth since you GOT married that counts.....NOT all your wealth in whole of lifetime like dopey uk.....oh yeah, the woman gets half your pension too....another great idea by blair

talking of which....where is the warmonger?

Blimey ! guys ...this has shot up...now that I'm not in.....something cooking possibly ?

Get in then

Well done you guys for holding these I'm long Rift at the mom.

Scotinvestor, woman only gets half your wealth/pension if she's none of her own. In fact if she earns more/has more/has larger pension, than you, she will end up paying you. My understanding of PMcC was he was paying for the upkeep of his daughter + the earnings she claims she could have made had he allowed her to work. Just make sure you marry a woman with money & a large pension pot and the law will work for you too, oh and don't have children.
:o)

well in all 13 companies that i've worked for, i would imagine at least 90% of office of major companies that i worked for to be men.....just admin staff etc that may be women......so unless these women have rich daddies, i cant see them having even half the wealth i have.

i've yet to meet a wealthy woman.

I don't know too many wealthy men either we mustn't move in the right circles. You'll just have to stay single!!!! Now if MRP comes up with the goods I'll be wealthier but not wealthy!

good luck maggie especially on a small share as a lot hhave been hammered lately as i can testify personally.

never mind, if u make a fortune, 18% goes to darling and ultimately fat boy brown.

what does darling do in life? apart from dither for 5 months on NRK, what else does he do? any guesses

You too Scotinvestor Darling - claims expenses without receipts & robs the poor by removing the 10% tax band!!! They're all little gems!

its called "PRUDENCE" by labour government......just like selling OUR gold at lowest prices in 30 years......another great call by brown

brown has even admitted that mathematics wasnt his strong point at school.....duh