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Meridian Petroleum Company News
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Meridian Petroleum Unveils 1H 2009 Interim Results
During the first half of 2009, Meridian continued its three-pronged strategy to develop the business, including investment in exploration in Australia and sustaining production and undertaking development drilling in the USA.
8:00 PM EST | September 23, 2009
Meridian's Prospective Resources in Australia Up 300MM Barrels
Meridian Petroleum has reported an increase in prospective resources in its Australian license.
8:00 PM EST | September 16, 2009
Meridian Sustains Production at ELV Field 'Beyond Expectations'
The current period of low US natural gas prices provides an opportunity to carry out a program of planned work at East Lake Verret aimed at sustaining production volumes at the current level into 2010.
8:00 PM EST | September 16, 2009
Meridian Updates on Next Steps for PEL 82 in South Australia
"The volumetric analysis, now based on the more detailed 3D seismic, has confirmed the significant prospectivity in the PEL 82 license," noted Stephen Gutteridge, Chairman of Meridian.
8:00 PM EST | August 31, 2009
Meridian Suspends East Lake Verret Well
Meridian Petroleum has suspended its McKerall 3 well in the East Lake Verret Field ("ELV") in Louisiana, USA.
8:00 PM EST | August 23, 2009
Meridian Updates on PEL 82 Seismic Onshore South Australia
Meridian Petroleum has announced initial results and key conclusions from its 3D seismic survey on the PEL 82 license in the onshore Otway Basin, South Australia.
8:00 PM EST | August 16, 2009
Meridian Reports on Drilling, Production Operations at East Lake Verret
"Production from ELV over the past 12 months has been excellent, with the existing producing wells maintaining better than anticipated flow levels," said Stephen Gutteridge, Chairman of Meridian.
8:00 PM EST | August 02, 2009
Meridian Petroleum Divests Working Interest in Orion 36 Well
Meridian Petroleum has announced the sale of its working interest in the Orion 36 well, Michigan, USA.
8:00 PM EST | June 28, 2009
Meridian Petroleum's ELV Developments in Louisiana to Boost Production
"The McKerall B-9 well is projected to increase our ELV net production by 60% to 150%," said Stephen Gutteridge, Chairman of Meridian.
8:00 PM EST | June 17, 2009
Meridian Petroleum Updates on Production, Devt for US, Australian Assets
Meridian Petroleum has provided an update on the Company's current activities at its producing assets in the US and exploration licenses in Australia.
8:00 PM EST | April 28, 2009
Meridian Petroleum's 2008 Revenue Up 640%
Meridian Petroleum has announced its audited results for the year ended December 31, 2008.
8:00 PM EST | April 14, 2009
Meridian Petroleum Spuds Pontiac Prospect in Michigan
Meridian Petroleum has commenced drilling of the Pontiac prospect in Michigan, USA.
8:00 PM EST | April 13, 2009
Meridian Petroleum Underscores US, Australian Production Developments
Meridian Petroleum, the oil and gas exploration and production company with producing assets in the USA and exploration licenses in Australia, announces an update on the Company's current activities.
8:00 PM EST | March 19, 2009
Meridian Underscores October Production for US Assets
Meridian reported that its Orion 36 well continued to perform well in October, and that its East Lake Verret Field in Louisiana delivered a strong performance in October with no downtime.
7:00 PM EST | November 11, 2008
Meridian Taps Terrex for 3D Seismic in Otway Basin License
Meridian Petroleum has signed a contract with Terrex to acquire 3D seismic data on its 100% owned PEL 82 license in the Otway Basin, onshore South Australia.
8:00 PM EST | October 22, 2008
Meridian Updates on US Production, 7% Upgrade in Proven Reserves
Meridian Petroleum has issued an update on its US production in Michigan and Louisiana and a 7% upgrade in its proven reserves in the East Lake Verret Field.
8:00 PM EST | October 20, 2008
Meridian Releases Interim Results, Plans for Share Consolidation
Meridian announced interim results for the six months ended June 30, 2008. In a separate statement, Meridian has also announced plans for a 1 for 6 share consolidation.
8:00 PM EST | September 24, 2008
Meridian Underscores Production Records, Progress for U.S. Assets
Meridian Petroleum has provided a production and operational update on its US operations in Michigan and Louisiana for the month of August 2008.
8:00 PM EST | September 07, 2008
Meridian Underscores Production Record at Orion 36 Well
Meridian Petroleum issued an update on its operations in Michigan and Louisiana, including information concerning the Orion 36 well, which set a new daily gas production record of 5.88mmcfd on July 31, 2008.
8:00 PM EST | August 04, 2008
Meridian Acquires Rozel's Interests in ELV Field
Meridian Petroleum has completed its acquisition of 60% of Rozel Energy’s interests in the East Lake Verret Field in South Louisiana, U.S., with a cash consideration of $9.84 million.
8:00 PM EST | June 30, 2008
Meridian Buys East Lake Verret Field, Secures Debt Facility
Meridian Petroleum has entered into a purchase and sale agreement to acquire interests in the East Lake Verret (ELV) Field in South Louisiana. The acquisition is conditional upon receiving a $50 million debt facility from Macquarie Bank Limited.
8:00 PM EST | June 11, 2008
Meridian Issues Update on Australian Projects
Meridian Petroleum announced an update on its Australian licenses, which included potentially oil-bearing structures in the PEL 82 license, and further seismic work.
8:00 PM EST | May 28, 2008
Meridian Ceases Talks On Offer
The Board now confirms that all discussions specifically relating to an offer for the Company have ceased and, as a consequence, the Company is no longer in an offer period.
8:00 PM EST | March 24, 2008
Meridian Petroleum Achieves Production Record at Orion Well
Meridian Petroleum says that its Orion 36 well in Michigan achieved new gas production records in February for both the daily rate and the daily average for the month as a whole.
7:00 PM EST | March 03, 2008
Meridian Brings Orion On-Stream
Meridian moved into a cash-generative position in Q4 2007, and 2008 has begun strongly with record monthly production from Orion in January and a new daily production record of over 4mmcfd achieved in early February.
7:00 PM EST | February 14, 2008
Meridian's Orion Field in Michigan Sets Record Production
Meridian Petroleum announces that its Orion 36 well in Michigan, U.S., in which it has a 75% net revenue interest, has set new monthly production records in January 2008.
7:00 PM EST | February 03, 2008
Divorce Settlement Affects 6.3 Million Meridian Shares
Meridian Petroleum plc (AIM: MRP) was notified that as part of a divorce
settlement, Anthony Mason has disposed of 6,377,550 ordinary shares of 5p each
in the Company at a price of 8p.
7:00 PM EST | January 15, 2008
Meridian Requests 35% Working Interest Revert to Them in Calvin Field JV
Meridian Petroleum has formally requested that EnSight, the Company's joint venture partner on its Calvin Field project, re-assign its 35% working interest in the Calvin Deep prospects back to Meridian Petroleum.
7:00 PM EST | January 10, 2008
Meridian Seeks to Dissolve JV with EnSight
Meridian has submitted a written request to EnSight asking that they re-assign their 35% working interest back to Meridian and that the joint venture between EnSight and Meridian be dissolved.
7:00 PM EST | January 06, 2008
Meridian's Orion 36 Puts in Strong Dec. Performance, New Peak Flow Rate
Production levels in December were good, reaching a peak of 3.98mmcfd in
mid-month. Since mid-December the Company has been assessing reservoir
performance whilst sustaining a minimum wellhead pressure of 800psi.
7:00 PM EST | January 03, 2008
Meridian to Sell Australian Assets to Eaton
Meridian Petroleum has signed an agreement to sell its Australian assets to Eaton Equity Partners Limited, a company in which Tony Mason, former CEO of Meridian Petroleum, has an interest.
7:00 PM EST | December 10, 2007
Meridian's CEO Resigns
Meridian Petroleum said Anthony Mason has resigned as chief executive, effective immediately, and that chairman Stephen Gutteridge has been appointed executive chairman.
8:00 PM EST | October 17, 2007
Meridian Completes Private Placement
Meridian Petroleum plc has successfully completed an institutional placing of new ordinary shares in the company.
8:00 PM EST | June 07, 2007
Meridian Issues Ops Update
Meridian Petroleum plc on Monday released an update on its primary projects and ongoing operations.
8:00 PM EST | April 29, 2007
Meridian Awarded PEL 132 in Australia
The Native Title Agreement that allows the Petroleum Exploration License ("PEL") 132 in relation to the Dolores Prospect in the Arrowie Basin, South Australia has been signed and is being offered to Meridian Petroleum.
8:00 PM EST | April 17, 2007
Meridian Issues Ops Update
Meridian Petroleum plc on Friday issued an update on its operations.
8:00 PM EST | March 15, 2007
Meridian Issues Results of Michigan Well Test
Meridian Petroleum plc on Tuesday announced further details of well testing at the Orion site in Michigan.
7:00 PM EST | February 26, 2007
Meridian Petroleum in Share Placing to Raise Funds for Field Development
Meridian Petroleum has successfully completed an institutional placing of new Ordinary Shares in the Company. The funds raised will be used to complete the work program on the development of the Calvin Field.
7:00 PM EST | December 18, 2006
Meridian Announces Conclusion of Amended Native Title Agreement
Meridian Petroleum plc. 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 license Native Title Claim.
7:00 PM EST | November 06, 2006
Meridian Signs Australian Native Title Agreement
Meridian Petroleum plc, the oil and gas company with key assets in the U.S. and Australia, said that it has signed an agreement in respect of its Australian PELA 132 license Native Title claim.
8:00 PM EST | July 23, 2006
Meridian Acquires Rights to Exploit Estimated 158 BCF Gas Recoverable
Meridian Petroleum, whose key assets are in the U.S. and Australia, said that it has negotiated the rights to exploit the deep gas potential of the Cotton Valley Formation in the Calvin Field, Winn Parish, La.
8:00 PM EST | July 18, 2006
Delores Evaluation Suggests P50 Gas-In-Place of 547 Bcf
Meridian says an independent evaluation was carried out on its Delores Prospect and the results estimate P50 gas recoverable of 432 Bcf, based on approximately 80% recovery factor.
8:00 PM EST | May 14, 2006
Meridian Petroleum Logs Gas Pay at Calvin Field
Meridian Petroleum says that its Calvin 36-1 well on the Calvin Field, Winn Parish Louisiana encountered a substantial gas show in the Sligo Petit Zone.
7:00 PM EST | February 02, 2006
Meridian Petroleum Achieves Commercial Flow from Calvin 36-1 Well
Meridian Petroleum reports that the Calvin 36-1 well on the Calvin Field, Winn Parish Louisiana flowed at rates up to 1mmcf/pd using a 25/64 inch choke.
7:00 PM EST | January 24, 2006
Meridian Petroleum Makes Find with Milford 36 Well
Meridian Petroleum reports that the Milford 36 well located in the Southern Reef Trend in the Michigan Basin located in Michigan, USA is an important hydrocarbon discovery.
8:00 PM EST | July 28, 2005