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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

just to remind you of our baby

http://www.meridianpetroleum.com/pdf/operations/Orion%20photo%20presentation.pdf

Sp going great guns again today and the rerating picking up speed.

On the corporate activity front the recent bid discussion announcement came and went with no deal being made. A short lived rally up to 11p was quickly followed by a retrenchment back to pre-bid situation levels.

From an operational perspective fortunes have improved dramatically for MRP over the second half of the period with production from Orion-36 continuing to rise and providing excellent revenue growth, improving 87% from Q4 07 to Q1 08.
Analyst
Name: Werner Riding
Tel: 020 7510 8596
werner.riding@hoodlessbrennan.com

We welcome the reassessment of the companys strategy going forward. We feel the
focusing of efforts on core producing assets with near term cash-generative ability is important. To this end, we view the intention to dispose of the Mississippi assets and the Australian licence as a positive step.
We also feel reassured by the acknowledgement from the Board to place on hold the Alabama CBM project as it illustrates the ability to identify and prioritise projects based on potential economic value added. We feel this will enable the firm to focus on positive NPV projects and begin to generate shareholder value.

MRPs current market capitalisation of 6.0m is close to its current net asset value of 5.3m indicating there is very little recognition of current strong production being reflected in the share price. We feel there is more speculative upside potential than downside risk at current levels,
providing Orion-36 maintains its current production performance. As such we are upgrading MRP to Buy from Speculative Buy.

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Just incase you missed it....'MRPs current market capitalisation of 6.0m (ok 9mill now) is close to its current net asset value of 5.3m indicating there is very little recognition of current strong production being reflected in the share price. We feel there is more speculative upside potential than downside risk at current levels,
providing Orion-36 maintains its current production performance. As such we are upgrading MRP to Buy from Speculative Buy'.

now are you telling me we are not a bid target , cashflow from Orion will re rate MRP on its own!

Having a bit of a blip at the moment!

FANTASTIC news for MRP shareholders this morning..What a RNS! Rerating a near certainity now.

we are away and RUNNING now!!

RNS Number : 8175W
Meridian Petroleum PLC
16 June 2008






16 June 2008

Meridian Petroleum plc




Director/ PDMR Shareholding




Meridian Petroleum plc (the 'Company') (AIM: MRP), the US-focused oil and gas exploration and production company, was today informed that Stephen Gutteridge, Chairman, had made the following purchases of ordinary shares of 5p each in the Company ('ordinary shares'):




75,000 ordinary shares at a price of 9.9p per share on Friday 13 June 2008.

100,000 ordinary shares at a price of 10p per share on Monday 16 June 2008

175,000 ordinary shares at a price of 10.25p per share on Monday 16 June 2008




Of the total 350,000 ordinary shares purchased, 150,000 are held in Mr. Gutteridge's name and 200,000 held in the name of Mrs. M. A. Gutteridge, wife of Stephen Gutteridge.




Following this notification, Mr Gutteridge now has a total beneficial interest in 600,000 ordinary shares, representing 0.62% of the issued share capital of the Company.

.

the re rating continues, at this rate we'll be 30p by the end of the month ;-)

12m pa revenue, mkt cap less than 10m, this is a no brainer!!

re-rating.. wont happen until late september me thinks.. does not happen during summer holidays

Wait till September! whoooooosh

fuck september..i want it now!

50p by the end of the month!

I've never heard such a load of total crap.

dealer, indeed, however these are undervalued. I would not rule out a rise to 20p over the next few months and possibly alot more in the longer term based on newsflow/discoveries. good luck, duc.

Atm it is irrevelent that these are undervalued. You obviously haven't noticed that apart from the occasional share, the MM's won't let Aim stocks rise and that the market is totally cornered by short sellers. Short term these will do nothing unless a bid comes in which is unlikely in the current environment.

ps I own these as well

We must be due some bad news soon(Milford) before the rest of the good.
;-)

new oilbarrel report out.. apparently a reserves update will be out shortly