Meridian Resource Logs Gas Pay on Its Bayou Chene Discovery
This is the first of several prospect leads identified by the Company in it Ramos Complex for its drilling program during calendar years 2005 and 2006. The drilling rig utilized to drill the Bayou Chene well has been moved to an adjacent location to drill the Company's Bayou Chene N.W. prospect, Avoca 6-1 well. The well will be drilled to a total measured depth of approximately 11,300 feet MD to test similar amplitude anomalies in the Big Hum 2 (AA) sand sections.
Meridian continues to focus its exploration and exploitation of several project areas including the Ramos Complex and BML in addition to its other properties which comprise an asset base consisting of approximately 300,000 acres and 8,000 square miles of 3-D seismic data.
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