Anyone know why everyone seems to be selling?

Meridian Petroleum PLC
14 February 2006


14 February 2006


MERIDIAN PETROLEUM PLC
('Meridian' or 'the Company')

ORION LEASE SIGNED


Meridian Petroleum (AIM: MRP), the oil & gas company with key assets in the USA
and Australia, today announces that it has signed a lease on the Orion field
(100% Working Interest) located in Oakland County, Michigan.

Based on data from earlier wells, the lease contains a proven and probable shut
in reserve of 3 BCF of gas in place with approximately 2.7 BCF recoverable.
The gas content is pipeline quality after treatment and also contains
condensate.

The Niagaran reef was previously drilled in the late 1980's and early 1990's but
was shut in due to hydrogen sulphide emissions and the absence of appropriate
treatment technologies. Meridian's proposed use of 'sulphur treat' towers, a
technology now widely used for this type of gas treatment has been accepted by
the Michigan Department of Environmental Quality (DEQ).

Flow rates on the previous wells averaged between 2 to 4 mmcf per day plus
condensate and Meridian anticipates achieving similar flow rates from its
proposed new well location. The bottom hole location of the new well will remain
the same as the previous wells but will be accessed from the surface via a
directional drilling leg.

The proposed new well location is on a partially used asphalt pit adjacent to a
major gas pipeline.



Anthony Mason, Chief Executive of Meridian said:

'We are delighted to have signed up this significant shut in gas reserve in
Michigan State. Subject to permitting and equipment availability, we expect to
begin drilling operations early in the second quarter of this year.'



Enquiries:

Meridian Petroleum (020 7409 5041)
Tony Mason, Chief Executive

Westhouse Securities (020 7601 6100)
Richard Morrison

so happy to be in sub 16p lets keep this little gem quiet

news out this afternoon again, get in quick

Looking good today Spudhead

Tue, 14th Feb 2006, 17:05

--------------------------------------------------------------------------------
Shares in Meridian Petroleum jumped after the oil and gas company signed a lease on the Orion field located in Oakland County Michigan.

The group said based on data from earlier wells, the lease contains a proven and probable shut in reserve of 3 BCF of gas in place with approximately 2.7 BCF recoverable.

"Flow rates on the previous wells averaged between 2 to 4 mmcf per day plus condensate and Meridian anticipates achieving similar flow rates from its proposed new well location," added the group.

Spudhead, your last post was old news, will there be another further RNS?

the way the buys are going through it seems if news is not far off.

Spudhead is famous for saying "news out soon" he doesn't really know...

it brightens my afternoons up waiting for spuddies newsflashes....!!

news of tomorrow, keep your eyes peeled ;-)

institutional buyers ... looks good

LOOKS LIKE A PLACING IS TAKING PLACE, ORDERS ARE BEING FILLED.. COULD SEE A PRICE ON OFFER OF 16p

VERY NICE

what if your short!.

a d v f n rumour of milford not being as good as MRP first thought...

could be some bad news on the way

it was a sick joke

The thing is Spudhead , no one takes you seriously - whatever you say !

what makes you think theres bad news coming spuddy ??

gingermagician - 16 Feb'06 - 14:30 - 9038 of 9039


Received this just now.


From:Tony Mason Add contactSent: 07:42
To:X
Subject:Rumours quick replysend

There are no issues with Milford. Historically, the isuue has been merely getting equipment and personnel together. The short term near production assets are moving along well and overall we are executing upon our business plan. It would seem they are once again speculating without any foundation for that speculation.

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

calvin due to come online - 23/02/2006
victory 21 drilling due and to come online 27/02/2006
milford solution found 15/03/2006
alot more to happen in merdian this year - dont know what your talking about here
NEW APPRAISEL OF ASSETS DUE WHICH MEANS NEW VALUATION 17/02/2006