www.meridianpetroleum.com

http://moneyam.uk-wire.com/cgi-bin/articles/200909240700095757Z.html
http://www.meridianpetroleum.com/admin/News/Docs/2008%20Results.pdf

http://www.meridianpetroleum.com/admin/News/Docs/Operations%20Update%20March%2009.pdf

http://www.oilbarrel.com/news/display_news/article/conference-report-2-petroceltic-international-targets-multi-tcf-resource-in-algeria-meridian-petro/771.html



Producing Oil/nat gas from the ELV field/USA....45% of Oil/Gas produced hedged at $100/bbl and $10.90 per mcf)

http://www.oilbarrel.com/fileadmin/content/pdfs/oilbarrel/presentations/merid%20pres.pdf


Drilling ELV.....Suspended until gain consent for sidetrack...casing and wellhead left in for future re entry

3D Seismics have been shot on PEL82 Otway Basin Australia....results are excellant!
PEL 82 Potential resource increased from 150mbbls Oil tooooooo 430mbbls Oil!



Also trading on Plusmarkets
http://www.plusmarketsgroup.com/data.shtml?ISIN=GB00B3DDP128/GBX/PLUS-exn

8p actually maestro but you are right that 8p is pathetic given that it got up to 40p pre-production/ELV deal and having 3D indicating 430 million bbls in the ground in Oz.

Shares still seem to be thin on the ground for MM's to sell on:-)

If the buying continues today then could see a significant rise in the sp.

Buying continues...starting to move up.

Quiet time waiting news on Oz JV.

Still quietly waiting!

Still quietly waiting!

Just hang on in there Maggie.

Little rise to start the day off...EK buying yesterday must have encouraged a few more buyers.

Wednesday 14 October 2009




MERIDIAN PETROLEUM plc

("Meridian" or "the Company")

Operations Update

Work programme at East Lake Verret successfully completed

Meridian Petroleum (AIM : MRP), the oil and gas exploration and production company with producing assets in the USA and exploration licences in Australia, announces an update on operations in the USA.
East Lake Verret Field ("ELV"), Louisiana, USA

The planned work programme at ELV involving well work-overs and changes to the production streams has been successfully concluded, and all wells are now back on-stream ahead of schedule.

The work-over of the Kafoury 2 well has been particularly successful. This is the largest producing well in the field and, following the clean-up and re-perforation work, it has been steadily eased up to a gross production level of 3.5 mmcfd of natural gas and just under 70 bbls/day of oil. The well is no longer producing water and production levels will be gently increased over the next few weeks.

Both the McKerall 1 and 2 wells are now producing at expected levels using the compressor facilities available centrally at the field.

Gross oil production from all six wells is now back to levels last seen in April/May, whilst production of natural gas has been restored to July levels even with the Kafoury 2 well on controlled flow-rates.

Production

Production from ELV in September was affected by the work programme and associated shut-ins. Net natural gas production was 10.7 mmcf and net oil production was 1,023 bbls. Over the first eleven days of October net production was 8.9 mmcf of natural gas and 469 bbls of oil. The combined average daily rate of production was 93 barrels of oil equivalent per day ("boepd") in September and 178 boepd in October to date.


The average oil price received for ELV production in September was US$65.19/bbl and the estimated price received for natural gas was just under US$3.00/mcf.

Hedging

The Company's hedging contracts delivered cash gains of US$118,500 in September.

Pushing on upwards :-)

Break past 60p and the SP should be away and running....shares still in short supply for the MM's.

maggie maggie may
be happier today
MRP are looking
to return a good pay.

Chav Chav hurrah
I'm happier today
Have ordered the champagne
Hope it won't be in vain!
Or at least lost it's fizz before I get to celebrate
Keep the posts going!

Think you need some more practice Maggie.....lol

Now BB would that be at drinking or writing verse? Drinking I've probably had too much practice but writing verse, too busy trying -with little success- to read this market to practice which, in turn, takes me back to the drink :-)))))))

lol, got sent this text yesterday... clean enough and funny enough to put on here....cynic came to mind when reading it.....
Just when you knew all the abbreviations possible, then there's these:
(_!_) regular arse

(__!__) fat arse

(!) tight arse

(_*_) sore arse

(_0_) well used arse

(_e=mc2_) smart arse

and my favourite for those you want to really tell it too:
(_x_) kiss my arse

I'll let you draw your own conclusions..:))

i'll happily settle for the penultimate!

Yes very fitting i think...lol sent via mam an e-mail last night, i remember i sent you one before and it didn't arrive maybe ian needs to have a look??

Excellent BB I'll take the ultimate!

You say where and when!!! come on......