Meridian Petroleum PLC : Onwards into 2007/2008

27 April 2006



The Company has commenced the permitting process with the State of Michigan DEQ and has recently signed the second 40 acre lease block with the land owner therefore enabling an 80 acre unit to be established. A survey of the surface location has taken place and steps to enable the relevant insurance coverage to be put in place have commenced. Drilling activity is likely to commence, based on permitting and approvals, towards the end of the second quarter.