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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

Think I'd have to agree with Andy. 30p seems pretty unlikely to me. IMO.

Strawbs.

Strawbs,

MRP has risen 50% on this news already, so the upside may be liited form here in the short term IMO.

A plane hitting a building in NY (light aircraft) may unsettle the markets too IMO, depending upon whether it's credited to terrorists or not of course.

you guys don't know MRP...WHEN ITS ON A ROLL THERE S NO STOPPING IT..THE NEWS TODAY IS VERY SIGNIFICANT...DOLERES,CALVIN JOINT VENTURE WILL SEND THIS TO 30P TOMORO...TRUST ME

maestro,

The proce is currently DOWN 2.5p!

I actually thought the RNS was poor, they have given away HALF of their asset in order to JV, and there was no mention of Calvin or any update on the other wells, although they have covered that in previous RNS.

Quite clever to announce after hours, MMs ran the price up during the afternoon as the word leaked, and PI's piled in with rampers quoting "shorters closing", and away it went.

Seen it many times before on the boards, and

don't tell me maestro made yet another wrong call!!

Seems to be going back up now. Market makers probably dropped the price to get some stock. Don't think the RNS told us much, but MRP seems undervalued to me, especially with all the assets they hold. In my opinion anyway.

Strawbs.

manipulation thats all...top up opportunity..same as BFC..mm wankers!

andy,
I don't think they have given anything away. I know TM might be a little inaccurate with his announcements, but I don't think he would give it away!
Dexter

maestro,

Easy to blame MMs, but if we are honest, the RNS didn't really say anything new, except they are going to JV Calvin Deep and that entails giving away half the asset, so hardly brilliant news IMO.


Australia "news" was already known, and Calvin 36-1 well is still not producing.

The ramping that accompanied the rise gave it away, and maybe TM has not been as discreet as he should be!

dexter01,

By doing a 50 - 50 JV, half the asset will belong to the other company, that is what I meant by "giving it away".

I know the other company will input finance and experience, but whatever value was previously given to that asset has now halved.

If the other company bring value to the table, it's an ok scenario IMO, many small companies JV to their advantage.

TAKEN FROM ADVFN

I was very frustrated at the sp movement today, so I asked again about the potential of Calvin Deep Gas keeping in mind the constant attempts by one poster to dismiss the figures; my assurance is based on the fact that if what the CEO says is for real the current sp is just a joke

his reply was:

``The Calvin Deep reserve summary by ECL Scott Pickford is not contingent, it is a catagoric P1 and P2 reserve down to but not including the Lower Cotton Valley Troy Lime formation. There are reserves behind pipe in certain cases.
The GIP is 220 BCF with an EUR of 155 BCF. Note this does not include the Lower Cotton Valley which is highly productive.
There are a number of things that will be coming out very shortly, including changes to the board as we move forward.``

Anthony J. Mason,

CEO Meridian Petroleum PLC
Meridian Resources, USA, Inc
Meridian Resources Australia,

This is more than enough for me to feel confident that we are going to be moving forward very quickly in the near future.

Just received this reply from TM to my e-mail,and by the way it is genuine,not in the habit of posting false e-mails.

Work is on going and I will leave it at that. This ludicrous speculation is caused by persons on the BB who are probably not even shareholders. We will have news fairly shortly.

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



-----Original Message-----
From:
Sent: Tue 10/31/2006 04:19
To: Information
Subject: CALVIN 36-1

I and other investors are rather concerned about the completion of the above,is everything still on track,or has work not started yet, as some investors are trying claim?

--------------------------------------------------------------------------------

DT.. toldya calvin wouldbe up by the end of october..

Mason has lost the plot...another guy for burning

just got this from TM's office.
Dexter

sorry if an email offends PP, but it is relevent to MRP and that is what the thread is for. I DO NOT post fake emails..........



_____________________

Wrong. Jv is not connected to 36 #1. The JV covers deep and shallow as
the field is treated as a development resource and thus our approach is
developmental for all zones.

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



-----Original Message-----
From: ****** ****** [mailto:******.*****@btopenworld.com]
Sent: Fri 11/3/2006 09:42
To: Information
Subject: JV etc.

hi Tony,
am I right in thinking that the hook up and production of
Calvin 36-1 will not take place until the JV is signed and sealed, as in
the RNS it was stated that a 50-50 jv would cover Calvin deep and
shallow
I look forward to your reply
Roger*******

guys Calvin wont be up this month either.. something is very wrong, you should make TM account for all his rns's that clearly were no where near accurate re the hook up.

I am sorry to say, but back in July (post 93 I think), I wrote, "It's fine getting excited at prospects, but in the energy game the anticipation is far too often better than the arrival - e.g. Calvin was recently touted as the big company-maker, but it is clearly (I think) very far from that "

Looks like I may well have been right

Mason's month is a jupiter month...i.e 1 year...the man is a masonic fraud

just got this from TM's office
Dexter
PS.... yes, it is genuine!
PPs........ we have a new word MINIMAL

-------------------------------

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
a workover rig is booked for the 36 #1 well.
The time scale for production will be minimal once the well is
completed.
The Calvin Field JV will be finalized this week based on lawyers doing
as they are supposed to.


-----Original Message-----
From:****** *******[mailto:******.*****@btopenworld.com]
Sent: Mon 11/6/2006 06:58
To: Information
Subject: Calvin

Hi Tony,
I have a couple of points that I would like you to clarify
is the situation at Calvin anywhere near completion, as
the anticipated date of the end of October is now long gone.
Is there any truth in supposed emails that you have sent saying that a
rig is booked for Calvin ?
If this is the case surely it will still be some considerable time
before it would be producing. After all you have set a number of deadlines
throughout the year.
I would really appreciate it if you could clear these couple
of points up.
I look forward to your reply
Roger *******

on the basis of Dexter's post, i now have a couple (three seemingly!) of questions .....

1) How much is known about the production capability of the Calvin site?
2) How long will it take to complete the well?
3) Am I singularly dense, or will it not take 3/4 months to evaluate the flows, quality etc even when the well is completed?