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

GET IN NOW... its about to move up to 26p

Not today I don't think.

Monday looks darned good for news on calvin...

lets hope Mason is working hard this weekend to give us the 27th march deadline news

Northern Petroleum is now valued at about 73m, some have said in the past that MRP should be valued at $100m which is about the same.

Are our assets worth more than NOP? I dont know, can anyone please advise?,do our reserves have the same amount.

Also in the Daily mail it says the price target for NOP is 3.60 (mkcp 150m) so still upside in NOP.

The reason I ask is to acertain how much REAL upside there is in MRP.

no one knows how much calvin is worth except scott pickford, and Mason said we may not get to hear what this figure is until may interims.. so it could be a while yet... or we will get it once calvin is online which could be late this week or early next, Victory news is now due, so I am expecting news on this very early this week

What does Calvin online mean?

Kind regards sker

means it will connected to the gas works pumping out gas, and lots of it..

this week is the week Calvin pumps out gas and MRP starts earning millions ;-)

Victory news due, due now!!!

I dont think thats quite true, but should be in the next 2-3 weeks

EHH!! the pipeline is only 300 yards away, I dont think it will take 2-3 weeks, the americans are hard working. Dim but hard working

news is very close, I cant wait for the news

Calvin is online ;-) yes please, come on boys the pipeline is only 300yards away from calvin

calvin kline ???- a pair of underpants done it a world a good now up over 2%, is there a risk we have already had big rise or jan or do you think it has a lot more to go?

looking ok so far- is an update on australia asset due stated 'end of march' if so last day today and what about cbm (coal bed methane) project?.

exciting times ahead for mrp i reckon!

Hope nothings happened to potatoehead,i cannot beleieve that the old spud has not been here telling us that news is due.......

Steve

don't like the heading of this thread!

NEWS OUT MONDAY 7am

or the fact its yet another thread, i think this is one of those that has great prospects but its just going to take a lot longer than you think!

WHAT WITH A REVALUATION FIGURE COMING OUT SOON.. ON ALL ASSETS, I DONT THINK SO ;-)

ph -can you change the header to be more mrp related!- cheers.

News you've all been waiting for ...

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

STRBCGDSDBGGGLX

good show through 30p and hold the level please!