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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

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!

MRP is a BUY now

maestro - that made me laugh.

Maestro may be making us laugh but the SP is producing a wider grin - let us hope it continues into a permanent smile.

We slowly getting underway now! Few more days like today and we might start to approach a fairer value at 30p.

Its been a long wait,could yet be well worth it!!

Meridian Petroleum plc




RNS re Share Register




Meridian Petroleum plc (the 'Company') (AIM: MRP), the US-focused oil and gas exploration and production company announces the outcome of an internal investigation into its share register.




The current Meridian Petroleum plc share register shows that the Company's shares are almost entirely held by nominee holders and named private investors. Over the past two months the Company has been conducting an investigation into the beneficial ownership of the nominee accounts. The Company has issued a significant number of notices under section 793 of the Companies Act 2006 to the larger nominee shareholders on the register as well as individuals who have previously disclosed shareholding positions to the Company.




The results from this exercise are;




As at 3 June 2008 the Company had identified the beneficial ownership of 82.3 million shares (85% of the total number of issued shares) as being held primarily by over 2500 individual private investors. Some 2 million shares held by market-makers are included in this number.

Based on previous disclosures the main nominee accounts used by Anthony Mason, former CEO of the Company, have been Mellon Nominees and a designated account of HSBC Global Custody Nominees. As at 3 June 2008, the combined shareholding of these 2 accounts as shown in the Company's register of members was 1.8 million shares (1.9%).

The balance of 12.5 million shares (12.9%) is held by 86 smaller nominee accounts with an average holding of approximately 145,000 shares.

Mr Mason has not responded to the section 793 notice recently served on him. The Company is continuing to seek more detailed information on the disposal of shares by Mellon Nominees and HSBC Global Custody Nominees.




Based on the evidence available to it, the Board of Meridian Petroleum believes that Mr Mason's shareholding may be substantially smaller than the last disclosure made by him to the Company, as reproduced in the Company's Report and Accounts sent to shareholders on 16 May 2008. The Company's register of members indicates that the shareholding of Mellon Nominees has decreased from 14,627,334 shares on 5 September 2007 to a balance of zero on 2 June 2008. 6,377,550 of these shares were transferred to Maurene Singer in January 2008, which was the subject of a notification on 16 January 2008.




Stephen Gutteridge, Chairman, said 'Over the past year, the Company has made significant improvements in its standards of governance, control and communication. We have a new Board, new management and strong cash-flow and the Company is now moving forward with development plans in Australia and continues to seek further assets in the US. The Board are also determined to ensure that the Company and its investors have accurate information on the ownership of the Company and we will continue to pursue that objective.'




ENDS




For further information contact:




Meridian Petroleum Plc
Ambrian Partners
Parkgreen Communications

Stephen Gutteridge, Chairman
Tim Goodman
Ana Ribeiro


+44 (0) 20 7811 0140
+44 (0) 20 7634 4711
+44 (0) 20 7851 7480








This information is provided by RNS
The company news service from the London Stock Exchange

Now there's an eye opener of a RNS!! TM caught out playing games good on SG.. Should see this moving fast now that's cleared up.

Interesting morning so far with the sp up and then a load of selling to put it down,now on a bounce with buyers returning.

Tricky for Maestro to know what to do in the morning! Confident that they will go up myself.

the figures below are courtesy of my good friend LR2 on another board...... do the math and then tell me MRP should be 8.25p. Try doubling that and expect good forward movement this week on the run upto the AGM...... here you go...

Hi FG & Rizz,

Having some fun calculating income for June are we?

Here's what I think.

5mmcfpd. Current price of HH $12.71 plus 8% premium = $13.73.
Condensate (guessing here) say equal to May at 1400 bbl at say $85.

So 5mmcfpd x 30 days x $13.73 = $2,059,500.
1400 bbl x $85 = $119,000.
Total = $2,178,500.

On going expenses at previously announced figure of $1.50 per mcfd = $225,000.
Net revenue = $1,953,500.

At 72.785 NRI = $1,421,855 going in the bank for June.
At 54.589 NRI (well it could be soon I guess) = $1,066,396.

So every month is another half million pounds banked. If the share price goes up 0.5p a month all it is doing is tracking the extra cash in the bank. Interesting thought eh?

Regards,
LR2.

Good buying action this morning FG and the sp up 6%....peeps getting in before the AGM on the 12th?

http://quote.barchart.com/texpert.asp?sym=mrp.LS&code=BEQM