The funds raised will be used to complete the work programme on the development
of the Calvin Field with work scheduled on the 36 #1 well in January
Tony Mason, Chief Executive of Meridian Petroleum, said: 'This fundraising
enables us to accelerate the work on the Calvin field and other projects. With
next month's development study we will be able to assess the full scale of the
deep and shallow reserves at Calvin and plan a drilling programme accordingly.'
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