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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

ITS COMING!!!!!!!!!!! :))

don't be such a prick!! .... even if this company was worth anything, it sure as hell would not be remotely near 6x current price!

Do a little research!!! Then we'll see who the prick is!!!!!!! How much is 150 million barrels of oil worth?

not sure where you got your numbers from, but have had a quick scan through their drilling updates etc and certainly see nothing to set the world on fire .... and nor does the market

go in the market and offer 75p so you can double your money on the zillion shares you'll be offered

Otway Basin

The onshore PEL 82 Licence in the Otway Basin is well positioned to benefit from hydrocarbon migration from offshore oil-prone formations. The licence contains three attractive potential oil-bearing structures at drillable depths of around 2,500 metres. Whilst highly prospective in nature, reports available to the Company indicate the possibility of sizeable oil resources in each of these structures with a total prospective resource of 150 million barrels of oil.

PEL 82 Prospectivity Summary (5M pdf download)

The Company has completed a comprehensive 3d seismic programme over some 88 square kilometres of PEL 82 during Q1 of 2009 in order to better quantify this potential and identify possible drilling locations.

i.e. all totally hypothical with little substance as would be my forecast of a warm sunny day tomorrow (it's actually not forecast to be nice at all!)

I wonder what is going on here then?,maybee i will get my money back after all,just like BLVN,keep the faith,AMER NEXT.

Looks interesting

TOLD YOU! ITS ON THE WAY

What is bluelyingking?,pray do tell.

669 of 679

cynic MRP is being ramped by EVIL on t1ps.com which explains todays rise no doubt he has cashed in already leaving the lemmings holding.....

Halifax, I doubt it. Looks like bluelyingking has got it spot on this time.

MRP is starting to recover.

No ramper could manipulate 30% on any stock.,unless its huge volumes.

beware of chasing little minnows .... you could end up being eaten alive yourself

certainly never buy on the basis of a rumoured or potential t/o .... if that happens to a bonus to your buying logic, then that is fine

lets face it this share has risen from 3.5p to 5p in old money..wake me up when it hits 10p in old money

I'll give you a nudge on Tuesday. ;-)

Another 30% tomorrow or more? ;-)

the crystal ball never lies
please sir can i have some more !

Cynic, you are being a stupid now, 150m potential barrels at even $1 in the ground is nearly 130m so stop being a numpty.
If these were firmed up then $8 in the ground is acheivable, work it out, and we are talking only one Oz asset!!!