Meridian Petroleum PLC : Onwards into 2007/2008

16 June 2005


Emery Hudson (50% WI): Step out well planned to boost production

Meridian has begun the permit work required by the State of Michigan in order to commence a high angled step out of the existing well. As identified by 3D
seismic, the reef is approximately 110 acres in size giving the formation very
significant hydrocarbon bearing potential. Permit work is expected to be
completed by the end of June with a view to commencing the step out well,
subject to equipment availability, shortly after. The objective is to restore
gas production to the 4mmscf/pd level plus associated condensate formerly
achieved.