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Meridian Petroleum PLC (MRP)     

espaceman - 04 Apr 2006 07:18

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

maggiebt4 - 09 Apr 2008 21:48 - 494 of 741

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)

scotinvestor - 09 Apr 2008 22:08 - 495 of 741

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.

maggiebt4 - 09 Apr 2008 23:11 - 496 of 741

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!

scotinvestor - 10 Apr 2008 01:06 - 497 of 741

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

maggiebt4 - 10 Apr 2008 08:46 - 498 of 741

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

scotinvestor - 10 Apr 2008 09:22 - 499 of 741

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

Andy - 10 Apr 2008 10:28 - 500 of 741

scot,

now why doesn't that surprise us?

scotinvestor - 10 Apr 2008 10:45 - 501 of 741

the point of a SOCIALIST government is for instance, where energy prices rocket as in recent times......the government are there to help the masses by not imposing the massive costs onto them

of course, this gov spend spend spend just like every other useless labour gov in past.....and so have nothing in the kitty....even after good times AND taxing peole to the hilt

that and having consultants everywhere......

no wonder so many brits are leaving......1000 go to west oz every week on average

chav - 21 Apr 2008 11:16 - 502 of 741

We have woke up again with the news on Milford just around the corner. Maybe some EME profit coming into MRP today as well.

chav - 21 Apr 2008 12:13 - 503 of 741

Moving up fast now !

chav - 21 Apr 2008 12:25 - 504 of 741

Flying now.

chav - 21 Apr 2008 13:53 - 505 of 741

Wings come off for the moment!!

dealerdear - 21 Apr 2008 13:58 - 506 of 741

I need a prayer rather than wings to get my money back on this .. :-(

maggiebt4 - 21 Apr 2008 14:13 - 507 of 741

In my case a miracle's required :o((((

chav - 21 Apr 2008 16:36 - 508 of 741

Nice 20% rise for the day. Can understand anyone who has brought in higher up not being to excited yet but look around and there is some rerating taking place.ie EME. I think that anyone who as brought in at up to 40p should remain confident of getting it back before to long. The income stream from Orion has gone from strenght to strenght which should underpin MRP's future at 500,000 per month. Should be news on Milford test this week.

chav - 23 Apr 2008 12:21 - 509 of 741

Wings are back on and flying again on very little volume! News leakage??

chav - 23 Apr 2008 14:06 - 510 of 741

Still flying steady despite small wobble.

scotinvestor - 24 Apr 2008 10:51 - 511 of 741

back to that miracle again being required.....glad i resisted buying

scotinvestor - 24 Apr 2008 10:51 - 512 of 741

back to that miracle again being required.....glad i resisted buying

chav - 24 Apr 2008 10:56 - 513 of 741

At least for MRP it is only a small miracle required unlike other small cap oilers and they are still producing $1,000,000 month to keep the wolves from the doorand no debt.
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