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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

Meridian Petroleum (AIM: MRP), the US-focused oil and gas exploration and production company announces an increased allowable production level for its Orion 36 well in Michigan, USA.




The Company has been notified by the Michigan Public Service Commission that effective 31 May 2008, the Maximum Allowable Withdrawal rate over a 12 month period is set at 8.86mmcfd.




This Allowable rate is higher than the current capacity of the Orion plant, which is some 5.5-6mmcfd. Current production levels are around 5mmcfd, well within the capability of the plant and the well. Flowing well-head pressure is in the 850-900 psi range and the Company plans to maintain current output levels for the time being.

So MPSC are allowing MAW of 8.86mmcfd. Interesting. I wonder what kind of reserves that indicates.

RNS Number : 5150V
Meridian Petroleum PLC
29 May 2008




29th May 2008
MERIDIAN PETROLEUM plc
("Meridian" or the "Company")

Update on Australian Licences

Meridian Petroleum (AIM : MRP) , the US-focused oil and gas exploration and production
company announces an update on its Australian
licences.

In December 2007 the Company announced that it had signed Heads of Agreement to sell its
Australian assets to Eaton Equity Partners
(BVI) Limited, a company in which Tony Mason, former CEO of the Company , has an interest. In
its Preliminary Results announcement of 16
April 2008, the Company announced that these discussions had expired.

The Company is committed to ensuring that its obligations under the terms of its licences
in South Australia are met, and in particular
has focused on what is required for the PEL 82 licence in the Otway Basin, which currently
expires in May 2009.

The Company has therefore taken the following steps:

* The data on the PEL 82 licence has been reviewed by RPS Energy, Australia

* The Company's Chief Operating Officer has engaged in a series of meetings in
Australia with representatives of the government of
the State of South Australia , technical advisers and other relevant parties.

* The Company has committed to shoot a seismic programme, probably 3D, over some 70-90
square kilometers of the PEL 82 licence. The
availability of seismic crews is tight for the coming Australian summer period, but the
Company shortly expects to receive confirmation that
we have secured a slot in the first quarter of 2009. The cost of this seismic programme is
expected to be approximately US$2.5 million.

The PEL 82 licence contains 3 attractive potential oil-bearing structures. Whilst highly
prospective in nature, the reports available to
the Company from independent and State geologists indicate the possibility of sizeable oil
resources in each of these structures. The 2 key
objectives of the seismic programme will be to provide better quantification of this potential
and identify optimum drilling locations. The
Board also believes that the value of the PEL 82 licence will be enhanced by the seismic
programme as it will provide potential partners
with better information and will enable us to renew the licence for a further 5 years.

The Company's licences are of interest to other parties, and the Company recently received
a further offer to purchase them. This offer
was less attractive than the offer previously tabled and given the progress made by the
Company and the significant increase in oil prices
in recent months, the Board has rejected the offer as unattractive.

Whilst the Company's primary focus at present is on PEL 82, we are assessing options for
our Arrowie Basin licences and any
opportunities to sell or farm-out these licences will be progressed as they arise.

Stephen Gutteridge, Chairman, said 'With a tight deadline to deliver our commitments on
PEL 82 and the recent significant increase in
oil prices, it makes sense to proceed independently with a development plan for the licence.

The potential is exciting but we must emphasise is highly prospective at this stage. We will have a much clearer picture of the potential following completion of the seismic programme.

Whilst the Board will consider any third party interest in our licences, we now have a clear game plan for PEL 82, the resources to deliver, and significantly higher oil prices, which puts us in a much stronger position for any deal.' Ed Childers, the Company's Chief Operating Officer, who meets the criteria of a qualified person under the AIM guidance note for mining and oil and gas companies, has reviewed and approved the technical information contained in this announcement. -Ends -

Good news on the Aus front then and Orion's allowable production rate doubled which would also suggest a sizable increase in the reserve.

SG means business, Oz assets look very valuable. A re-rating is well overdue.

Interesting old day to be sure!

Look at the trades over the last two days, 500K yesterday in one lump, another 400K today... So we have a buyer? who is it one of TM's crew building an even bigger stake? SG buying? a totally new bidder? All will be revealed soon imo, this AGM looks set to be explosive!

I am getting the vibes now that a hostile takeover approaches. all imo of course

Nice start to Monday morning with good buying and some blue. Interesting times for MRP at last!

http://www.ministers.sa.gov.au/news.php?id=2969

Meridian Petroleum PLC
Daily Commentary


Our system posted a BUY CONFIRMED today. The previous SELL recommendation was made on 21.05.2008 (12) days ago, when the stock price was 7.1300. Since then MRP has gained 5.19%


The recent bullish formation leading to the BUY-IF signal is confirmed today. The market seems ready for a new bullish move. Though the market opened lower today, the days activity created a white candlestick that closed above the previous close. This is a valid confirmation criterion.

The significant failure of the previous SELL signal is unfortunately confirmed too. Our shot went away this time. It is a fact that such signal failures are more unlikely for higher rated stocks, but it is not possible to deal with all the vagaries of the stock market. The signal system, however, continues to do an excellent job in the overall, despite such failures. This can be seen easily with a quick glance to the signal history table.

We hope that you bought this stock and still have the chance to profit from the later phase of the bullish attack. Today your important benchmark was the previous close. You were supposed to watch the session carefully, feel its bullish tendency despite the lower opening, and go long after making sure that the prices stay over the previous close.

If you bought, continue to hold this stock until the confirmation of the next SELL-IF signal. You are on relatively safe grounds as long as the future prices continue to trade above the benchmark price and if an emergency warning is not issued. What to do if you did not buy? Maybe, you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well, it is a bit late, but not too late. You may still find suitable prices for buying in the following sessions and still profit in case of a sustained bullish move.

The market is currently cold for short-sellers. Avoid any short sales and cover the short positions immediately if there are any. We erred significantly on the short side last time, but we are sure that you may easily cover your losses (if any) by basing your future trades on our signal system.


http://www.britishbulls.com/StockPage.asp?CompanyTicker=MRP&MarketTicker=Oil%20and%20Gas&TYP=S

Trust British Bulls...... Yeah right..!!

I would agree with you there explosive however MRP are in an uptrend and things are happening!

MRP are holding the rises these days and not marked down on the sells...all very postive. Interesting to see which way they go on the 12th after the AGM has finished.

Henry Hub Spot 12.26 .46 3.90

$12.26 + 8% = $13.24.

Orion is now producing 5mmcfd x $13.24 !!!

PLUS approx 1000 barrels of liquids.

Now count those apples!!! even more cash now filling the coffers now!!!

30% increase in the rate we charge in a month or so PLUS a 20% increase in output = 50% more income now!!!

A rerating is well overdue now.

MKT cap vs Revenue is unbelievable

How many other junior O & G companies are producing from an asset with such an enourmous revenue and very little overheads?

this share is hopeless..sold out and switched to eel

meastro lol you say that about every share

Should catch the EEL reversal!

back in again!