Meridian Petroleum PLC : Onwards into 2007/2008

8 September 2006


Flow test of Calvin 36 Number 1 well in the Calvin Field, Winn Parish, Louisiana commenced in April 2006; further test work to enable link up to local pipeline and processing system ongoing


Plans are still on track to complete the Calvin 36 Number 1 well in the Sligo-Pettet, anticipated for late October 2006. The completion involves a well re-entry and some work at bottom hole and the hook up to the local pipeline system.



The Company has an attractive mix of producing assets and a number of
development projects that also promise significant upside. The cash flow from existing production means that the Company benefits from having no debt and expects to move into operating profitability this calendar year.