Meridian Resource Finds Gas at its N.W. Bayou Chene Prospect

The Meridian Resource Corporation reports initial production test results at a stabilized gross daily flow rate of approximately 6.5 million cubic feet of gas ("Mmcf") and 214 barrels of condensate with no accompanying water production on its Avoca 6-1 well (N.W. Bayou Chene prospect area). The Avoca 6-1 well was drilled to 11,500 feet measured depth ("MD") and logged gas pay in the Big Hum 2 sand section between 10,748 feet and 10,791 feet MD. The well was tested through 40 feet of perforations between 10,751 feet and 10,791 feet MD at a flowing tubing pressure of 3,608 psi through an 18/64th-inch choke with a shut in tubing pressure measured at 3,974 psi. Production from the well will require construction of a pipeline and production facilities with expectations to place both the Avoca 6-1 and Avoca 5-2 wells on production during early third quarter 2005. The Company owns a 92% working interest in the wells.

Parker Drilling's inland barge 51-B, utilized to drill the N.W. Bayou Chene well, has been mobilized to the Company's Turtle Bay prospect in the Company's Ramos Complex area to drill the CL&F D-1 well. The well will be drilled to a total measured depth of approximately 12,100 feet MD.

Meridian continues to focus on its exploration and exploitation of several project areas including the Ramos Complex and the Biloxi Marshlands project area in addition to its other properties which comprise an asset base consisting of approximately 8,000 square miles of 3-D seismic data.

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