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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

Peeps are not keen on the consolidation I guess....not sure I am either but the figures look good and plenty in the pipeline with drilling etc...so holding tight.

that's the prob .... nothing significant actually in that pipeline yet, except hope and some blue sky

Drilling 2-3 wells at ELV, drill Orion2, seismics in Oz + drill Dolores....plenty in the pipline now.

drilling ain't oil, though i accept you'll never find the one without the other!

Drilling isn't oil, however the ELV 2-3 wells are proven so very low risk and Orion2 is next door to Orion1....Oz is the total wildcat and until the seismics are done no one really knows although RPS put the potential as very large should it come in.

26th September 2008







MERIDIAN PETROLEUM plc

('Meridian' or the 'Company')




Director/ PDMR Shareholding







Meridian Petroleum (AIM: MRP), the oil and gas exploration and production Company with producing assets in the USA and exploration licences in Australia, announces that it has today been informed that the following Directors of the Company have purchased ordinary shares of 5p each ('ordinary shares'):




Stephen Gutteridge, Chairman of Meridian, purchased 200,000 ordinary shares at a price of 6.5p per share on 25 September 2008 and 160,000 ordinary shares at a price of 6.5p per share on 26 September 2008. Following this notification, Mr Gutteridge now has a total beneficial interest in 960,000 ordinary shares, representing 0.99% of the issued share capital of the Company.




David Wake-Walker, non-executive Director, purchased 125,001 ordinary shares at a price of 6.5p per share on 26 September 2008. The ordinary shares purchased are in the name of The David Wake-Walker Pension Scheme, a registered pension scheme of which David Wake-Walker is the sole beneficiary. Following this notification, Mr Wake-Walker has a total beneficial interest in 250,002 ordinary shares, representing 0.26% of the issued share capital of the Company.

Well GXR,

Looks like things are on the move now!

The CRystal Ball Says Buy

1.50P BID ON THE WAY

YOU HEARD IT HERE FIRST!

ITS COMING!!!!!!!!!!! :))

don't be such a prick!! .... even if this company was worth anything, it sure as hell would not be remotely near 6x current price!

Do a little research!!! Then we'll see who the prick is!!!!!!! How much is 150 million barrels of oil worth?

not sure where you got your numbers from, but have had a quick scan through their drilling updates etc and certainly see nothing to set the world on fire .... and nor does the market

go in the market and offer 75p so you can double your money on the zillion shares you'll be offered

Otway Basin

The onshore PEL 82 Licence in the Otway Basin is well positioned to benefit from hydrocarbon migration from offshore oil-prone formations. The licence contains three attractive potential oil-bearing structures at drillable depths of around 2,500 metres. Whilst highly prospective in nature, reports available to the Company indicate the possibility of sizeable oil resources in each of these structures with a total prospective resource of 150 million barrels of oil.

PEL 82 Prospectivity Summary (5M pdf download)

The Company has completed a comprehensive 3d seismic programme over some 88 square kilometres of PEL 82 during Q1 of 2009 in order to better quantify this potential and identify possible drilling locations.

i.e. all totally hypothical with little substance as would be my forecast of a warm sunny day tomorrow (it's actually not forecast to be nice at all!)

I wonder what is going on here then?,maybee i will get my money back after all,just like BLVN,keep the faith,AMER NEXT.

Looks interesting

TOLD YOU! ITS ON THE WAY

What is bluelyingking?,pray do tell.

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