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Meridian Petroleum PLC : Onwards into 2007/2008

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nilip - Sun, 24 Dec 06 :

Guys,

MRP is covered in this weeks Xmas & NY double issue of SHARES magazine - not sure if already mentioned here ...


It states that in future we could be looking at MRP's output going from 104 boepd to 6700 boepd by 2009/10. Analysts @ Ambrain have calculated that MRP's NAV is worth 42.8p/share using only conservative assumptions about oil/gas prices in future, they said if you take a bullish outlook then MRP's NAV is 72.5p/share.

They say that MRP's share price has the potential to double in 2007.



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