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

Morning all,
I just emailed TM to get a direct answer regarding a couple of points, it`s not that i did`nt beleive comedy( i think), but just wanted to know for myself!. I got this reply in about 10 minutes!!
Dexter

RE: Calvin hook up
Date: Mon, 10 Jul 2006 05:20:47 -0400
From: "Tony Mason" Add to Address Book
To: "****** *******"

The Calvin tie in is on track and we have filed with the State. As for
the BB nonsense we are most certainly taking action against certain
people.

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:******.roger@btopenworld.com]
Sent: Mon 7/10/2006 04:02
To: Information
Subject: Calvin hook up

Hi Tony
Is the Calvin hook up and final tie in for production still
going to plan with you just waiting for the paperwork from the
authorities ?.
There is a lot of talk on BB`s regarding flow rates and
timescales. also there is talk of legal procedings being taken against certain
posters for fraudulent emails, is there any truth in this at all ?
I look forward to your reply,
regards,
Roger

I just asked another question re; any more work needed once the permits are through, here`s the answer:
Dexter

Hi again!
I other point i meant to ask was whether you forsee the need
for any further work to be done on Calvin once you have the permits ?
regards,
Roger



Simple answer, no. We will assess the well next week and then tie in
shortly there after subject to State permits etc. I would point out that
this is only 1 well and the focus should be on the larger picture

from TM testerday



RE: Deep gas aquisition
Date: Mon, 17 Jul 2006 09:49:36 -0400
From: "Tony Mason" Add to Address Book
To: "****** *******"

News is forthcoming and will be out later this week.

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:******.roger@btopenworld.com]
Sent: Mon 7/17/2006 08:45
To: Information
Subject: Deep gas aquisition

Hi Tony,
In the activity update of 20th June the mention of the deep
gas aquisition that you hoped to have completed in less than 30 days,
is this still the case. Also, if this is the case, would this timescale
include the CPR ?.
The other point I have is Calvin, is this still on course
?, I know that this is only one of many irons that you have in the fire,
but, obviously, this will provide valuable income from the first day of
production. Hopefully once this happens investor confidence will return
with a vengance !
I look forward to your reply,
regards,
Roger ?

Meridian Petroleum PLC
19 July 2006

19 July 2006



MERIDIAN PETROLEUM PLC

('Meridian' or 'the Company')



ACQUIRES RIGHTS TO EXPLOIT ESTIMATED 158 BCF GAS RECOVERABLE



Meridian Petroleum (AIM: MRP), the oil & gas company with key assets in the USA
and Australia, today announces that it has negotiated the rights to exploit the
deep gas potential of the Cotton Valley Formation in the Calvin Field, Winn
Parish, Louisiana, U.S.A, by way of a 70% Net Revenue Interest.


The Calvin Field is a dome-like structure with a prominent, possibly sealing,
NW-SE fault which bisects the field. Meridian already holds rights to the
relatively shallow Sligo-Pettet and Rodessa formations south of the fault.


The deep rights contain 4 distinct potential reservoir members:


Knowles (or Winn) Limestone
Terryville A&B sandstones (Main Targets - normal pressure)
Calvin A&B sandstones (Main Targets - overpressured)
Troy Limestone


Scott Pickford, at the request of Meridian, has undertaken a review of the
available data to assess the gas potential of the Cotton Valley Formation.
Scott Pickford has concluded that there is substantial gas-in-place.



The Terryville A and B sandstones are normally-pressured but relatively tight
reservoirs. The Terryville B sandstone has flowed gas at variable rates during
the late 70's using conventional completion techniques whilst the Terryville A
sandstone has yet to be tested but looks to be similar based on log character
and cores. The Terryville A and B sandstones are considered to be contingent on
the successful application of modern completion techniques such as 'slick-water
fraccing' which may significantly enhance Meridian's ability to successfully
develop these reservoirs.



The over-pressured Calvin sandstones have tested at significant rates in the
past with very high pressures and high flow rates for the area. Scott Pickford
considers that there is a need for high-pressure rated facilities and
appropriate safety systems to control the prevailing well-head conditions along
with pressure reduction facilities to get the gas online. It should be noted
that both Anadarko and Rising Star are producing from similar formations in the
Vernon Field, to the north of the Calvin Field.



Scott Pickford considers the high pressure volumes to be contingent on an
economically viable development plan which takes into account the requirement
for specialist facilities. Meridian will be progressing such a plan after the
normally pressured reservoirs have been tested, converted to Reserves and
brought onto production.



Scott Pickford's unrisked estimate of gas in-place and recoverable Contingent
Resource is tabulated below.


Reservoir In-place (Bcf) Recovery Factor Estimated
(%) Recoverable (Bcf)
Normal Pressure
Terryville A 61.78 55.0% 33.98
Terryville B 117.50 60.0% 70.50
Overpressured
Calvin A 40.76 75.0% 30.57
Calvin B 32.61 70.0% 22.83
Total 252.65 157.88


Anthony Mason, Chief Executive of Meridian said:



'The previously discovered and tested Calvin deep reservoirs contain significant
estimated recoverable gas resource though they have remained undeveloped due to
technical difficulties. We will apply modern recovery techniques to overcome
these difficulties enabling us to bring significant quantities of gas to market
under controlled conditions.



'Meridian currently has production from the Victory 21 well while the Calvin 36
# 1 is ready to commence production immediately upon the granting of a state
permit, which is anticipated shortly.'





Mr. Andrew J. Kirchin, Managing Director of Scott Pickford, who meets the
criteria of a qualified person under the AIM rule guidance for mining, oil and
gas companies, has reviewed and approved the technical information contained
within this announcement.

great news - could be back to 40p very soon.

dount it, its only 125bcf, way below what we were told at the beginning of 1milbcf

strange life ..... good news and a small drop in sp

Because it implies substantial expenditure without any guarantee of success. Increases in exploration often drop the price. An increase in production might raise it though.

20.07.2006
Meridian Negotiates Deep Gas Rights In Louisiana - And Finds The Reserve Potential Exceeds Expectations
Meridian Petroleum has secured rights to exploit the deep reservoirs of the Calvin field in Louisiana. As previously noted on oilbarrel.com, this has been a long held ambition for AIM-quoted Meridian, which sees plenty of potential in these deep but difficult gas formations.

The company already understands the potential of the fields shallower horizons, the Sligo-Pettet and Rodessa formations. Its Calvin 36-1 well flowed more than 1 million cubic feet per day of condensate-rich gas from the Sligo Pettet zone earlier this year. The company hopes to hook this well up to producing facilities shortly, pending the award of a state permit, thereby completing a project that has been stalled by equipment and personnel shortages and boosting company cash flows.

But it seems the real excitement in the Calvin field lies deeper in the Lower Cotton Valley Formation, in which Meridian now holds a 70 per cent net revenue interest. The formation is made up of four main reservoir intervals: the Knowles Limestone, the Terryville A&B sandstones, the Calvin A&B sandstones and the Troy Limestone.

These sands are productive for other players in the area, including Anadarko Petroleum, which earlier this year described its Vernon field, some 40 miles to the north and on trend, as a sleeping giant, with proven reserves of 1.4 trillion cubic feet of gas.

The Calvin field isnt in this league but it still looks promising. A previous operator, Fina, put the reserve number on the Calvin deep gas at 300 billion cubic feet of gas but this was believed to be on the optimistic side. A cautious Meridian was hoping for a number in the 80 to 100 bcf range: given that even a couple of bcf are commercially viable onshore US, where small finds are favoured by surging energy demand, booming prices and well-established infrastructure, a resource of this size would have been proved very valuable to a company of this size.

But it now seems the original Fina estimates may not be so wide of the mark. Meridian hired petroleum engineers Scott Pickford to compile estimates of gas-in-place and recoverable reserves in the deeper Terryville and Calvin sands. Those estimates are now in and point to a total in-place gas resource of 252.65 bcf with an estimated recoverable resource of 157.88 bcf. This is very good news for Meridian.

But, as always in the natural resources business, there is a downside: the geology will not be easy to crack. The Terryville A and B sandstones normally-pressured but the reservoirs are relatively tight and will be difficult to produce. The Terryville B sandstone flowed gas at variable rates during the late 1970s using conventional completion techniques; Terryville A has yet to be tested but looks to be similar based on log character and cores. Achieving a commercial flow rate from these sandstones will depend on the successful application of modern completion techniques.

The Calvin sandstones have tested at significant rates in the past with very high pressures and high flow rates for the area. But this is an over-pressured reservoir and will require specially rated equipment to drill and develop safely. This is entirely do-able: Anadarko, as mentioned earlier, is producing from similar formations to the north. It will, however, put a premium on any development plan and may require Meridian to farm-down its equity in the project.

The company plans to take a phased approach to this new asset. It will test the normally-pressured reservoirs first and bring those into production before turning its attention to the more complex high pressure Calvin sandstones. Besides, the bulk of the gas lies in the Terryville sands. According to Scott Pickford, Terryville A could hold 61.78 bcf of gas in place, of which 33.98 is recoverable while Terryville B is 117.5 bcf in place, of which 70.5 bcf is recoverable. The Calvin A sands have an in place tally of 40.76 bcf (30.57 recoverable) with Calvin B having 32.61 bcf (22.83 bcf recoverable).

This is starting to look like a substantial portfolio. With a potential resource of 547 bcf of gas in place at its Dolores project in Australia, 389 bcf in the Black Warrior coal bed methane prospect in Alabama plus the 250 bcf in the deeper Calvin reservoirs, and Meridian is sitting on 1 tcf of gas - and thats 1 tcf of gas onshore and close to existing infrastructure. There is, of course, some way to go before these numbers are realized: title issues in Australia need to be clarified, partners found to share the costs of appraisal and development and, critically, the acid test of the drillbit needs to be applied.

potatohead , re 12 of 15
the 1trillion cubic feet was the entire portfolio, not just this i project, check your figures!
Dexter

looks like the SP is heading south Dex. I feel these could go as low at 15p

here you are, i will add a payment for your bashing. Your figures of 1 trillion cubic feet were for the whole portfolio, just admit you were wrong.
Dexter

looks like the SP is heading south Dex. I feel these could go as low at 15p

from another thread

dexter01 - 20 Jul'06 - 13:03 - 22736 of 22741


just got this email from TM, not as positive as i had hoped but there you go
Dexter

RE: Calvin permit
From: "Tony Mason" Add to Address Book
To: "****** *******"
Date: Thu, 20 Jul 2006 06:24:26 -0500

I would suggest within the next few weeks, difficult to tell when dealing with civil servants. We are pressing hard.

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


--------------------------------------------------------------------------------
From: ****** *******Sent: Thu 7/20/2006 04:16
To: Information
Subject: Calvin permit


Hi Tony,
may I say what great news it was yesterday regarding the deep gas aquisition, you really are building a solid portfolio.
My main point is, in your experience, usually how how long is the process for obtaining the permit needed to get Calvin flowing ?.
I look forward to your reply,
Roger *******



yummy, a futher 3 weeks for the SP to decline, I am now confident I will get these sub 15p

Meridian Petroleum PLC
24 July 2006





24 July 2006



MERIDIAN PETROLEUM PLC

('Meridian' or 'the Company')


AUSTRALIAN NATIVE TITLE AGREEMENT SIGNED


Meridian Petroleum (AIM: MRP), the oil & gas company with key assets in the USA
and Australia, today announces the signing of an agreement ('the Agreement') in
respect of its Australian PELA 132 licence Native Title Claim.

The Native Title Claim Group and its governing body ATLA hold the traditional
land rights to the licence area and their agreement is required prior to any
exploration being undertaken.


The principle terms of the Agreement require Meridian to pay:


A signature payment of AUS$60,000

An annual administration fee of AU$15,000, subject to annual
inflation adjustment

An annual royalty of 1% of production



These terms are in line with other recently negotiated native title claim
settlements. The Agreement will now be referred to the South Australian
Minister of Mines and Petroleum for execution.

PELA 132, in the Arrowie Basin, onshore South Australia contains the Dolores
prospect which is 40km from the existing Moomba to Adelaide gas pipeline linking
the Cooper Basin gas fields to the South Australian gas consumers. Meridian has
a 100% working interest in the licence and is planning to drill the Delores
Prospect later this year.

Meridian recently announced the results of a Scott Pickford evaluation of the
Delores Prospect which assigned a 'best estimate' Gas-In-Place of 547 Bcf
(approximately 91mmboe) and an estimated P50 gas recoverable of 432 Bcf
(approximately 72 mmboe).

Anthony Mason, Chief Executive of Meridian said:

'The signing of this Native Title Agreement represents the culmination of over 2
years of negotiations and is a major step forward in the development of our
Australian assets. Scott Pickford recently assigned an estimated 432Bcf P50
recoverable gas reserve to the prospect. We are now reviewing the best way in
which to exploit this prospect and anticipate drilling will commence at the turn
of the year'.

afternoon all,
i just emailed MRP re. funding and got this reply in about 5 mins.
Dexter


RE: Funding
Date: Tue, 25 Jul 2006 08:44:25 -0400
From: "Tony Mason" Add to Address Book
To: "****** *******"

That issuen is being examined. As they say we shall see. It may not be
equity there are other forms of capital available to us.

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:******.roger@btopenworld.com]
Sent: Tue 7/25/2006 07:40
To: Information
Subject: Funding

Hi Tony,
good news on the native title as well as the deep gas. The
one thing that does concern me is the cost of these projects and the
CBM aquisition. Obviously with Calvin and Victory producing this will
generate some cashflow, but do you forsee the need for additional funding
via a placing to help with these.
I look forward to your reply,
Regards,
Roger ??

Dexter.. I think your getting on tonys nerves.. his reply sounded.. lets put nicely

feck off you annoying little PI

TAKEN FROM ADVFN-AGM..............

NoviceMikeT - 27 Jul'06 - 14:16 - 23907 of 23916


OK Guys - quite a missive

OK very positive meeting and for me a very assuring meeting.
I had a big scare with MRP Friday - After today I am certain that it was a big scare and all misinterpreted / in accurate and false information.

All the resolutions were carried and TM did say that they were in discussions with other auditors about carrying out the audit in future years.

He had some very interesting things to say on Market Abuse.

TM has been in a number of discussions with the FSA and he is putting together a catalog of some very serious issues. It nearly all relates to this particularly board he did not mention the board by name but the general gist of what he said, who he said it to, leaves me certain it is ADVFN. Its quite a tedious job putting all that paperwork together for the FSA but it is in progress and the full documentation will be going to them in about 2 weeks. It does not help that the board refuse to return his calls and have provided no assistance at all.

Some serious damage has been done to the company with the recent continued shorting of shares particularly on the back of serious false information imparted deliberately to effect movement in the share prices. The FSA are going to look at that in some detail and take their own action. Hallelujah. But for MRP it is an unnecessary focus when there are far more important things to be getting on with but they need to do it because they have a duty to protect their share price.

He is going to speak to the NOMAD and task them to get information as to who has been involved in the Hypothecation the lending of shares for shorting. It has been very difficult to get accurate information on this.

So Calvin Im going to come clean with everyone and let you know what has happened these last few days. Im sure that some of it has had an effect on the SP as I have spoken to one or two people and its fairly likely they too spoke to others and I know as a result of this some of those people have lightened their load in MRP. I did not and Ive still maintained my same holding. I am particularly relieved now.

On Friday I started to make some enquiries about Calvin and spent the best part of the evening on the phone to Louisiana. As I got passed from one person to another the news I was hearing was not good. In fact I was getting very alarmed. By Midnight Friday I was in a pig-sweat. As I understood it then Calvin had been shut it and was a totally unviable proposition: WHAT? I was asking.

I had some correspondence with TM over the weekend and I took his angry response to be quite defensive and only became more worried. Now that I understood where the misinformation came from I can fully understand TMs anger. Hes already dealing with the problem of the SP being maliciously depressed and had I started shouting and screaming this it would have gone through the floor and ultimately causing massive damage to MRP (as it has been damaged by all the recent shorting).

It was part and parcel of the reason why I took time off work (and Im a contractor so I get paid by the day no work / no pay) to go to the AGM. Tony was well prepared for me. He had all the peprwork relating to Calvin available to be inspected. All the permits and the recent filings.

He also had a detailed Map of the pipelines in the area there had been some misinformation about that too. Why I am so certain now that I had been misinformed is that the name of the company working the well, which I kept getting from the people in Louisiana Justice Mears were actually the people who originally worked Calvin some 18 months back! And yes, the well had been shut in then because there was a problem. A big problem. They 4ked it up.

Thats why they are currently being so careful with Calvin 36/1. That is why time and time again Mason has stressed that they are not going to rush this at all and hes is only going to work with the right people and the right equipment. Its too delicate a situation to be done any other way.

They are working on Calvin at the moment they have done the Barefoot Completion. They are still cleaning away some Acid. This afternoon they will go in with a wire line and check the fluid and flow rate. They still need to do a further 30 days of flow tests.

The pressure at Calvin is quite low only some 900 / 1200 lbs and it is well known that the area is vertically fractured. It is very easy to blow it and end up flooded with water. That is why they have to be so careful.

What they do know from the history of Sligo Petit and this type of formation, is that the initial flows are going to be very low, then they are going to rise and then rise quite sharply and very high (and thats also where the big problem comes) after that it should slow down a bit, will level off and flow then at that constant steady level.

There will be some further announcements in some weeks to the market about Calvin and what they are expecting long term.

The pipes in the area are good theyve successfully tested them with water to ensure that theyre not blocked or corroded and they all run to a major de-salination plant originanly built by FINA. Fortunately this plant is quite modular and it can be added to with new modules If it all comes right in the Calvin field as a whole which is what they are working towards then they will need to add to the plant. For the time being thought the plant in place is more than adequate for Calvin 36/1.

Tony Mason was open he was well armed with substantial documentation, maps and he was ready for me. Weve been in communication this week. I am totally satisfied that the scare I got was down to misinformation and not talking to the right people. I feel quite guilty that I wasted Tonys time with what has turned out to be some false information and if some of that has filtered out to people inadvertently and had any adverse effect on the SP these past couple of days, then I apologise. Tony came across as open and honest this morning and I have no further reason to doubt him or be sceptical.

The big excitement for MRP at the moment is Australia and especially Warrior Basin. They are in the process of trying to form a partnership at the moment. Tony spoke about Scott Pickfords 1 in 5 assessment. A big reason for that and their somewhat cautious approach is that there is some work to be done here. This land is frontier territory its in the middle of nowhere. Its 40kms to the nearest pipelines. But those are substantial pipelines.

MRPs Warrior Basin acquisition is potentially Strongest on-shore play in Southern Australia. This is what is going to make MRP into a household name. The potential is huge. Even better, the Hydro Carbons are only at 4000ft. Its not going to be a costly exercise to drill for these. Their biggest cost is going to be mobilising the rig and getting it out to the Frontier!!

You are going to see an improvement in the web-site in the next couple of months. Theyre bringing control of that to the States it has been a nigh impossible task to manage and update the web-site when it controlled from London by 3rd parties.

Tony was very upbeat and excited. The company is moving forward, has some tremendous realisable, assets in place and is massively undervalued at the moment. The NOMAD is tasked to work hard and right the public profile of MRP. Without doubt there will be a correction in the SP most especially when the FSA takes action against those who have manipulated and abused the company SP to further their own ends.

Ive got to say I came away really relieved and actually quite excited. Ill let IJ / Chris and Graham speak for themselves but Im sure they too came away too with some of that excitement.

Though I am currently 100% cash, MRP is a company I have liked for some time, albeit that it is rather illiquid being so tiny ..... It is a racing certainty that FSA will take no action at all against the bears, but that is a side issue ..... If, and it is still a pretty big if, MRP are to become a substantial company, they are going to need to come up with some decent production ..... 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

I agree with Cynic. It would be nice to see action taken, not just on this share but a number of them. Ultimately though I suppose it will be difficult to prove any specific abuse, as eveyone is posting "an opinion" at the time they write, and events and conditions change opinions. Of course if someone was posting something to deliberately mislead (an email from xyz for example), then I'm sure that could be easily proven as "made up" and so deliberately misleading. This site, I'm pleased to say tends to be far better in terms of content than certain others I've visited.

In my opinion anyway...... :-)

Strawbs.

How romantic to find myself holding hands with Strawbs yet again!