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

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?

http://www.oilbarrel.com/home.html

07.11.2006
Meridian Is Looking For Big Step Ups By Drilling The Deeper Horizons Of Its Gas Assets In Louisiana, Exploiting Its Coal Bed Methane In Alabama And Developing Its Gas Acreage In Australia
Meridian Petroleum, which is listed in London, is one of a number of junior exploration and production companies which have focused primarily on the US partly because there is low sovereign risk, but mainly because high oil and gas prices have presented opportunities for smaller companies which did not exist before.

All over the US there are pockets of oil and gas which were discovered by large and medium sized companies but not exploited by them because they were considered too small or not material to their needs. With gas prices touching US$12 per thousand cubic feet at one stage and oil prices still high at US$58 a barrel, small companies can turn a handsome profit by developing pools with reserves of a few billion feet of gas or a few million barrels of oil. They are mostly low to medium risk, in the sense they have already been discovered. Add in the facts they are onshore and there is good infrastructure to transport any output, they are usually low cost too.

Meridian, which floated on Londons AIM in July 2004 raising 2.3 million and as at October 31 2006 had a market capitalisation of 13.27 million, has assembled a growing US portfolio with assets in Michigan, Louisiana, Alabama and Mississippi.

Its model has been, like other small cap companies, to establish some production to keep the lights on as the phrase goes in oil circles and then think about bigger targets. There is some output from the Victory 1-21 well in Michigan of which Meridian has 10 per cent. Production is around 250,000 cubic feet a day, so 250,000 cubic feet a day may not sound much but it all helps. Also the Calvin 36 # 1 well in the Sligo Petit formation in Louisiana tested 1 million cubic feet a day and should be on stream this month. Meridian has a majority share holding in this well.

Were Meridian to pursue what it calls its small assets developments then it has several million cubic feet a day of near production in its sights. There is another prospect in the Calvin 36 well in a different zone which could mean 2 to 4 million cubic feet from there. The Milford 36 well could produce an extra 1 million cubic feet a day on top of the 1 million cubic feet a day expected, the Victory 1-21 well could produce 1 million cubic feet a day and the Orion field could come in with 4 million cubic feet. Meridian has Net Revenue Interests (NRI) in these fields ranging from 10 per cent to 67.75 per cent.

However, while these projects could and possibly will come to fruition, Meridian has decided to go quickly for a possibly big step in output with what it calls a primary project. It has secured the rights to exploit the deep reservoirs of the Calvin field. The company already understands the potential of the shallower horizons, the Sligo Petit and Rodessa formations, which go to depths of around 8,432 feet.

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

The Calvin field is probably not this big. A previous operator, Fina, put the reserve number in the Calvin field at 300 billion cubic feet but this seemed optimistic. A report by independent reservoir engineers ECL Scott Pickford put the gas in place from three of the horizons but not the deepest, the Troy Lime, at 220 billion cubic feet in place with some 142 billion recoverable. (The Troy Lime at levels of 14,560 feet could have huge reserves but Meridian is not going to exploit these just now.) The bulk of the reserves are in the Terryville sands. Gas in place here is put at over 100 billion cubic feet with around half recoverable. Drilling will not be simple, however. The reservoir is over pressurised and it is not clear that re-entry will be possible. If it is not, Meridian will have to farm down some of its 70 per cent interest to a medium sized partner to share the cost.

Still and all, 220 billion gas in place is a lot of gas for a small company to contemplate. But this is not all. There is the Warrior Basin coal bed methane project at West Sipsey in Alabama covering 50,000 acres and four coal seams. There is thought to be 463 billion cubic feet of gas in place with 242.5 bcf to 389.4 bcf recoverable based on minimal coal saturation levels. Pilot drilling could take place in first quarter 2007.

In Australia Meridian has its Dolores project which involves a 100 per cent interest in four licences in the Arrowie Basin and 100 per cent in one licence in the Otway Basin. Reserve potential has been put at 543 bcf of gas in place with 463 billion recoverable. The company is looking for a farm out partner for one of the Arrowie licences and hoping to drill in Q1/Q2 2007. Meridian is thus sitting on potentially nearly 1 trillion cubic feet of gas.

Of course it will take time to realise the potential even if all goes well. Only the drillbit will tell in the end. In the meantime there are Native Title issues to be sorted in Australia and partners to be found for Calvin.


Rodders

Very good news for Meridian

Meridian Petroleum PLC
07 November 2006





Meridian Petroleum plc
('Meridian' or the 'Company')


Conclusion of Amended Australian Native Title Agreement


Meridian Petroleum plc (AIM: MRP) the oil and gas exploration and production
company with assets in the United States and Australia, announces the conclusion
of the amended agreement with regard to the Company's Australian PELA 132
licence Native Title Claim ('the Agreement').


The amended terms of the Agreement following the announcement on July 24th 2006
are as follows:


- A signature payment of AU$60,000


- A first year administration fee of AU$15,000


- An annual 1% royalty of production


- Administrative fees over the life of PELA 132 to be capped at AU125,000


Having been agreed by the State and the governing body ATLA, the Agreement is
now being circulated to the nine native title signatories under the Agreement,
with the process expected to take up to three weeks. Following this the
Agreement will be returned to the State for signature with completion on
Meridian's signature, date to be announced, but expected before year end. At
that time a formal ceremony with the Australian Minister of Mines and Energy
will be held.


As part of the Agreement, Meridian has agreed that if it enters a production
situation, the Company will endeavour to support the local community health
programmes for the Adnyamathana, the local indigenous people who inhabit the
Flinders Ranges. Initial support programmes will include the establishment of a
dialysis clinic within the area.


The Agreement with Meridian is the first petroleum agreement ever signed off by
the Adnyamathana people. Commenting on the Agreement, Tony Mason, CEO, Meridian
stated, 'The Agreement is substantial as it frees the Company to conduct
operations on the Dolores prospect, which is located some 40 Km from the Moomba/
Adelaide pipeline and which we believe to be a highly commercial prospect.


'We are also commencing detailed analysis of the prospectivity within our
overall acreage position in order to identify and develop additional prospects.
This will include detailed seismic review and reprocessing of certain areas plus
AVO analysis in some cases in order to fully develop the prospect.'


PELA 132 covers an area within the Arrowie Basin onshore South Australia and
contains the Company's Dolores Prospect, located 40km from the existing Moomba
to Adelaide gas pipeline which links the Cooper Basin gas fields to South
Australian gas consumers. Meridian holds a 100% interest in the Dolores
Prospect and plans to commence operations in Q1 2007 with a test well.




ENDS


For further information contact:

Meridian Petroleum Plc Ambrian Partners Parkgreen Communications

Tony Mason Neil Mac Lachlan Simon Robinson
Richard Brown Victoria Thomas
00 1 713-599-1611 +44 (0) 20 7776 6400 +44 (0) 20 7493 3713




Notes to Editors


About Meridian


Meridian is an oil and gas exploration and production company with key assets in
the United States and Australia. Meridian is quoted on the AIM market of the
London Stock Exchange (ticker: MRP), and is headquartered in London, with
offices in Houston, Texas and Adelaide, Australia.


In May this year, Meridian announced the results of Scott Pickford evaluation of
the Delores Prospect which assigned a 'best estimate' gas-in-place of 547 Bcf
and an estimated P50 gas recoverable of 432Bcf.

Thanks for more good news, Dexter.

hyleo,

What news?

pump and dump?

Huge buys into MRP today...I think news are coming out soon

was mentioned in Evening Standard as well yesterday,maybe in line with Calvin RNS update.

Was rated a "screaming buy" in Shares article on oil stocks last week, but hardly moved at all. Haven't seen the Evening Standard article, but nice to see some positive movement anyway. A positive note on Calvin certainly wouldn't go a miss.

As ever, do your own research, in my opinion, etc etc.....

Strawbs.

Just bought in just now.

These were tipped in Investors Chronicle about a month ago... I'm not in bought and sold ages ago, will keep an eye out though.

Sounds sensible. I've been disappointed on several occasions now waiting for Calvin, but I'm hoping (maybe too much) that the JV deal will spur them on to finally get producing. My guess (or perhaps hope again) is that Meridian where short of both cash and expertise to complete Calvin. Now the JV partner is on board, it's in both parties interest to get producing in time for the peak winter demand. I hope (again) that the JV partner has both the expertise and money to complete the project, and start some revenue flow before the next phase of drilling, and potential development of other assets. In my opinion, do your own research.

Strawbs
Hoping for something positive before the cows come home.......

I found that artice for IC August 06

Meridian Petroleum's chief executive, Tony Mason, says the company has been the victim of "rampant market abuse" and collusion involving a firm of stockbrokers. They are alleged to have taken a short position in the shares using contracts for difference (CFD) and Mr Mason has reported the firm to the regulators.

The timing is particularly unfortunate because Meridian is bouncing back after reporting poor 2005 figures. Gas production at its primary producing asset, the Emery Hudson gasfield in Michigan, fell from a peak of 900m cubic feet of gas a day (mcfpd) early in 2005 to just 278 mcfpd in mid-2005. Two subsequent step-out wells did not find commercial quantities of gas, so operations there were shut down, awaiting further drilling later this year. And Meridian's efforts to build up reserves were also thwarted by a scarcity of rigs.

But 2006 is turning out to be a better year for the company. The share price soared in the first half on news of drilling success on the deep Calvin 36-1 gas well in Louisiana. This should start producing in September this year, followed by the Milford 36 well in Michigan. Meridian has also acquired a coal-bed methane prospect in Black Warrior Basin, Alabama, which could involve drilling more than 600 wells. Its best bet, however, may be five gas exploration licences north of Adelaide, south Australia. It starts drilling there early in 2007.
---------------------------------------------------------------------------
Ord price: 14.75p Market value: 11.8m*
Touch: 14.5-15p 12-month High: 39p Low: 7p
Dividend yield: nil PE ratio: na
Net asset value: 6p* Net cash: 1.59m*
*Adjusted for subsequent placing
--------------------------------------------------------------------------------
Year to Turnover Pre-tax Earnings Dividend
31 Dec (000) profit (m) per share (p) per share (p)
2004 356 -1.08 -2.4 nil
2005 88 -0.87 -1.4 nil

Market makers: 5
Traded on Aim
Last IC view: 23 Sep 2005, page 76
Meridian has dramatically increased gas reserves in 2005-06. Buy.

MRP starting on a upward trend

Nice to see. I guess we'll hit some resistance soon looking back at the chart. Fingers crossed it's good news this month.

Strawbs.

40p looks like resistance..i sold at 35p on the way down

It would be nice if it was. I was thinking of previous resistance at 24, as in February and March of this year. Either way, I'm happy to see it rise.

Strawbs.