Meridian Petroleum PLC : Onwards into 2007/2008

11 May 2005


Emery Hudson commenced production in July 2004 and is currently
producing at approximately 1 mmcfgd. A high angle step out well is planned for
May 2005 to enhance production further

The Emery Hudson field commenced production in July 2004. Meridian's share of
production was a total of 124 million cubic feet of gas ('mmcf') and 3,067
barrels of condensate in the period to 31 December 2004. The current average
daily production is approximately 1 mmcf. Meridian has a 50% working interest in this producing property. We intend to conduct a high angle step out in this reef in early summer 2005 to increase production levels in what appears to be a very large (over 100 acres in size) Niagaran Reef with excellent overall
production potential.