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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

is that so .....

That is so.

hmm! moving averages seem to be heading south .... must be something to do with the wet weather

As of last trade , Meridian Petroleum (MRP:LSE) traded at 8.25, 50.00% above the 52 week low of 5.50 set on April 08, 2008.

silly % games .... but if you insist ..... sp down to March 2008 level and down >25% from June high and 25 and 50 and 200 dma all going down, as is current price!

Statistics can be whatever you want to make on them as usual ! Todays dip is due to the reserves increase at Orion not being as high as hoped for so some Peeps jump out again. Plenty of news in the coming months though with interims due on the 25th/orion 2 spudding/Oz seismics/ELV spudding/$40m available for new assets etc

exactly so, but you keep throwing your money down this well ..... GB will be delighted to see you redistributing your wealth!

Oil and gas down at the moment but hurricane "Ike" might change all this if it heads towards Texas.....expect a sudden surge in prices if there is going to be damage and disruption to the huge installations that way !.

whoopsadaisy! ...... did i just spot sp zipping though 200 dma? ...... sure did, but heading for Antarctica

My chart shows Antarctica in the 80 & 90's.....hopefully MRP will get there!!

cynic..the shorting city scumbag wanker

Hope he's closed (or do i..) - with potentially impressive results out next week we are heading up imo. Good times.

do i gather that some of you think i have shorted this stock? ...... would that i had! .... but with such a minute cap, prob not even possible

hey cynic, what u done to maestro.....u seem to have upset him

no idea, but i suspect he has bought heavily into this, being yet another dud ..... he seems to have portfolio consisting of nothing else

Maiden profits announced on Thursday?

Orion2 permit has been applied for soooooo not long till drilling beings imo.

Interims out tomorrow.

why the friggin fall?

I could not agree more. Good RNS and as far as consolidation goes, one of my biggest successes was Dana Pet who did just that. Can it be a bit of tree shaking for a big buyer - no - thats stupid isn`t it ! !

Plenty of companies would wish to be able to put out figures like that in their results, in this day and age!

maiden profits,healthy bank balance and plenty happening in the coming months.