Meridian Petroleum PLC : Onwards into 2007/2008

20 June 2006


Meridian is planning the step and drilling of lateral holes using a coiled
tubing unit in August 2006. This reef has in excess of 100 feet of net pay and, after an examination of well logs and 2-D seismic by the Company and its
partners, it was felt that this course of action was the most technically
suitable in order to increase flow rate to a higher level. This asset has been
previously tested and contains pipeline quality gas which can go straight into
the local pipeline without the need for additional processing.