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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

have been out of this share for a while, having been a fan of it for quite a long time ..... as i am very lazy, can you enlighten me as to the reason for sp's fall from grace?

cynic, as is normal in O&G.......delays delays delays...... :)

An extract of the article from http://www.growthcompany.co.uk/

For the full article you'll have to go to the web site......... :)


06/09/2006

Meridian Petroleum expects first production next month from its 158 billion cubic feet Calvin gas field in Louisiana.

Tony Mason, chief executive of USA and Australia-focused Meridian, says first production from Calvin 36 No 1 well is likely next month, followed by Milford 36. Arguing that a legal deal over aboriginal native title to the AIM-quoted company's massive South Australian gas project is very close, Mason says the company now sits on more than one trillion cubic feet of recoverable gas, with another 50 billion likely to be added to Calvin in October.

This portfolio includes a coal-bed methane project at Warrior Basin in Alabama, which holds an estimated 500 billion cubic feet of gas. Mason says a pilot project should be producing from Warrior in the first quarter of 2007.

He emphasises that RAB Capital-backed Meridian, which is already producing from its Victory 12 well, has had all is estimates independently verified and argues the company's projects would be viable at oil and gas prices well below today's. Mason claims canny stake buying should ensure handsome returns when the assets start producing....................................

and also looks like Mason trying to sound optimistic and promote the shares as much as he dares under exchange rules ...... admiitedly all oilies and commodity shares are currently under the cosh, but seemingly the market has less faith in Mason's prognostications that he does.

Well October is nearly upon us,could this be the month that is the making of MRP,let us hope so!!!!

Morning all,
he is my IMMINENT reply to an email I sent to TM`s office !, spelling and grammer to usual standards, I think there is an IMMINENT threat of the secretary getting her/his p45!!!
Dexter
ps, now that word "shortly", what`s the definition of it????????
_____________________________________________

There a lot of things happening at present. What I can say is that all
is on track and we should deliver as planned.
As for market confidence; I suggest you listen to the company and not
the BB's.
We will get an update out 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



-----Original Message-----
From: ****** ******* [mailto:******.*****@btopenworld.com]
Sent: Fri 9/29/2006 07:54
To: Information
Subject: email sent 28th Sept.

Tony,
this is a copy of an email sent yesterday, I would very much
appreciate a reply
regards, Roger

Hi Tony,
as an investor I am becoming a little concerned at the
continuing delays with getting Calvin into production. Earlier in the year
it was stated you anticipated to start work on w/c 27th March withfinal
completion in early April. This then went to within 30 days from 27th
April, this was due to small hold ups with equipment etc..
the well was tested on 16th June and you anticipated final
hook up within a few weeks. On 1st August you were conducting flow
enhancements, and on 8th Sept. you anticipate completion for late October.
Could you tell me the reasons for these continued delays,
as from early April to end of October is a very long delay for a project
that is close to a pipeline which will make transport to market simple.
Also, are other projects continuing, or it it having a knock on effect
until Calvin is in production ?. Is the Calvin deep gas progressing, or
do you have to wait for Calvin to be in production.
I am sure you are doing all you can, but it is worrying to
see market confidence and the share price slip rather dramatically over
these last few months.
One last question, do you still expect Calvin to be
producing by the end of October and the company swing into profit by the ned of
2006 ?
Many thanks for your time, and I look forward to you
reply
regards,
Roger

I e-mailed Tony Mason earlier today re-Calvin,here is his reply

All efforts will be made to meet that deadline. At this stage we are on target.
The Calvin Field is a resource and which within our acreage the recoverable reserve is approximately 155 BCF in the deeper zones and 10 BCF in the shallower zones. We therefore view Calvin as very substantial onshore asset and are approaching it as an overall asset and not simply a one well play.

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

whats going on with this company mkt cap seems low here any reason?.

Mason lives up to his name...wouldn't trust a mason if Yah bul on bit me on the ass

more interest coming in now. low mkt cap an opportunity?. seriously thinking about this one. may look to see if sp stabilises and gains momentum.

Given that people payed nearly 40p earlier in the year when the company had fewer assets, it should be a good buying oppertunity. Calvin is still a sticking point though. On balance I would guess Calvin will be delivered eventually. Just like my school homework, I'd make plenty of excuses to buy more time....but would deliver it in the end. :-) Still some downside risk of detention if Calvin is delayed again though...

In my opinion....Do your own research...etc.

Strawbs.

even so isnt 9m mkt cap a p*** take!.

I would agree. IC had a buy note on MRP a while back. They mentioned that the stock had been heavily shorted through CFD's, which Mason had complained about, but they had a good spread of assets. The stock market tends to operate on extremes though. Too much confidence and over buying, too much dissappointment and over selling. On the plus side though, if the share has been heavily shorted (I have no way of knowing), then the swing back up won't take too long. I still think it needs a positive catalyst to encourage buyers though, and so force the closing of any short positions. Updates seem to come every other month at the moment, so another one should be due in October. The interims indicated Calvin was on course for completion in October, but shareholders have been dissappointed before! I suspect the hope of Calvin and a few technical chart indicators are behind the current price rise.

As ever....just my opinion...do your own research....

Strawbs.

straws- looking better here. something leaked?.
are you in goo?.

Shorts closing I think.

I doubt if anything has leaked. But when the price moves people inevitably think something has. The initial move was probably ahead of Calvin, possible joint venture announcements and some chart technicals (MACD crossing, RSI at/above 50, price above 20 and 50 day MA). The current moves are probably short closing and people chasing the price. All fairly positive though.

I don't hold goo.

In my opinion, do your own research etc.

Strawbs.

Well, news is due soon :

An extract of the article from http://www.growthcompany.co.uk/

For the full article you'll have to go to the web site......... :)


06/09/2006

Meridian Petroleum expects first production next month from its 158 billion cubic feet Calvin gas field in Louisiana.

Tony Mason, chief executive of USA and Australia-focused Meridian, says first production from Calvin 36 No 1 well is likely next month, followed by Milford 36. Arguing that a legal deal over aboriginal native title to the AIM-quoted company's massive South Australian gas project is very close, Mason says the company now sits on more than one trillion cubic feet of recoverable gas, with another 50 billion likely to be added to Calvin in October.

This portfolio includes a coal-bed methane project at Warrior Basin in Alabama, which holds an estimated 500 billion cubic feet of gas. Mason says a pilot project should be producing from Warrior in the first quarter of 2007.

He emphasises that RAB Capital-backed Meridian, which is already producing from its Victory 12 well, has had all is estimates independently verified and argues the company's projects would be viable at oil and gas prices well below today's. Mason claims canny stake buying should ensure handsome returns when the assets start producing....................................

One of many "positive" articles I've seen over the last few months. I still think Calvin is the key. If production starts ahead of the US winter, that should give some solid income to fund drilling programs on assets acquired over the summer.

DYOR, IMHO etc.

Strawbs.

Strawbs,

What income do you expect MRP to derive from Calvin PA?

Andy,

I don't have any figures (someone has probably done the calculations), I was thinking more generally. From memory Calvin was supposed to be online last winter, although I can't remember if that was ever stated by the company, or was just BB conjecture. Given that small O&G companies burn lots of money drilling and (if successfull) converting assets into production, it's important to get those assets online as soon as possible to recoup costs and eventually move into profit on the well. The ideal time to sell gas at a premium is during the winter, hence the importance of hitting the October timeline.

In my opinion anyway....

Strawbs.