Meridian Ceases Talks On Offer

Meridian Petroleum reported that further to the announcement made on 6 February 2008 that the Company had 'received early stage approaches from more than one party covering a range of strategic options, which may or may not lead to an offer being made for the entire issued share capital of the Company,' 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.

As highlighted in the Strategy and Operations Update of 15 February 2008, the Board of Meridian Petroleum is actively pursuing attractive opportunities to acquire further US assets, and in addition, is considering the possibility for asset swaps with third parties.