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Calvin Field update

14 May 2007 07:01

Meridian Petroleum PLC14 May 2007 14 May 2007 Meridian Petroleum plc ('Meridian' or the 'Company') Calvin Field Update Meridian Petroleum, the oil and gas exploration and production company with keyassets in the USA and Australia announces that its Calvin 36 #1 well located inthe Calvin Field, Winn Parish, Louisiana has undergone treatment to prepare itfor gas production. On Tuesday 8 May the well was treated with a nitrogen wash to remove anypotential obstructions to gas flow in and around the area of the slottedliner by the producing zone within the well bore. The treatment was successfuland some residue was removed from the producing zone area. Additionally, theresulting gas pressure build up and flow back post the removal of the Nitrogenwas satisfactory for commercial production purposes. On Wednesday 9 May a swabbing unit was used to remove fluid from the well bore,including the water previously used to "kill" the well. Again, the resultingpressure build and flow back of gas from the reservoir were found to besatisfactory for commercial production purposes, and there appeared to have beenno additional water ingress moving into the well bore. Swabbing was completed on Thursday 10 May with no additional fluids beingrecovered. Given the satisfactory nature of the gas pressure build up andprospective flow rate, the Company is now in the process of finalizingarrangements with Smith Operating of Shreveport, Louisiana to tie the well intothe local Calvin Field gas processing and transportation system. The gas contains approximately 10.187% CO2 and so must be processed in order toremove the CO2 before it can be sold into the grid. The Calvin Field gasprocessing and transportation system includes a CO2 knockout facility, and sowill provide the quickest and most efficient processing of the gas and removalof the CO2. Tony Mason, Chief Executive Officer stated, "The final steps towards gettingCalvin 36 #1 into production are now in place, and we are on target to meet ourstated goal of production in the second quarter of 2007. Our next challenge isto exploit the gas in the deeper zones of the Calvin Field." Art Davis of the West Mountain Operating Company in Longview, Texas meets thecriteria of a qualified person under the AIM guidance note for mining, oil andgas companies, and has reviewed and approved the technical information containedin this announcement with respect to Calvin 36 #1. Ends For further information contact: Meridian Petroleum PLC Ambrian Partners Parkgreen CommunicationsTony Mason Neil Maclachlan Victoria Thomas+44 (0)20 7409 7233 +44 (0)20 7776 6400 +44 (0)20 7851 7480 Notes to Editors About Meridian Meridian is an oil and gas exploration and production company with key on-shoreassets in the United States and Australia. Meridian is quoted on the AIM marketof the London Stock Exchange (ticker: MRP), and is headquartered in London, withoffices in Houston, Texas and Adelaide, Australia. This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
20th Oct 20104:00 pmRNSHolding(s) in Company
18th Oct 20104:29 pmRNSResult of General Meeting - Replacement
18th Oct 201012:30 pmRNSResult of General Meeting
18th Oct 20107:00 amRNSDrilling Update
30th Sep 20107:03 amRNSChange of Adviser
30th Sep 20107:02 amRNSProposed Placing
30th Sep 20107:01 amRNSLouisiana Drilling Update
30th Sep 20107:00 amRNSHalf Yearly Report
17th Sep 20107:00 amRNSDirectorate Change
17th Aug 20107:00 amRNSDrilling Rig secured for Northumberland 2 well
2nd Aug 20107:00 amRNSAcquisition and US Operations Update
15th Jun 201012:07 pmRNSResult of AGM
20th Apr 20107:00 amRNSOperations Update
15th Apr 20107:00 amRNSFinal Results
31st Mar 20107:00 amRNSDrilling?Update
17th Mar 20101:08 pmRNSHolding(s) in Company
15th Feb 20107:00 amRNSTrading Statement
28th Jan 20107:00 amRNSAcquisition of Production & Reserves in Louisiana
7th Jan 20107:00 amRNSOperations Update
8th Dec 20094:16 pmRNSHolding(s) in Company
4th Dec 20093:58 pmRNSHolding(s) in Company
4th Dec 20097:00 amRNSHolding(s) in Company
3rd Dec 200910:04 amRNSHolding(s) in Company
1st Dec 200910:47 amRNSChange of Name, Board Changes & Directors Holdings
30th Nov 20094:10 pmRNSResult of Extraordinary General Meeting
30th Nov 20097:00 amRNSResult of Open Offer
17th Nov 20096:15 pmRNSHolding(s) in Company
3rd Nov 20091:50 pmRNSHolding(s) in Company
2nd Nov 20095:22 pmRNSPublication of Circular
2nd Nov 20094:10 pmRNSHolding(s) in Company
30th Oct 20097:00 amRNSPlacing and Open Offer
14th Oct 20097:00 amRNSOperations Update
30th Sep 20095:51 pmRNSShare holding in the Company
24th Sep 20097:00 amRNSInterim Results
17th Sep 20097:00 amRNSDevelopment and Operations Update
1st Sep 20097:00 amRNSUpdate on PEL 82 Licence, South Australia
24th Aug 20097:00 amRNSDrilling Update: McKerall 3 well suspended
17th Aug 20097:00 amRNSUpdate on PEL 82 Licence, South Australia
3rd Aug 20097:00 amRNSOperations Update
29th Jun 20097:00 amRNSSale of Orion interest
18th Jun 20093:10 pmRNSResult of AGM
18th Jun 20097:00 amRNSOperations Update
8th Jun 200911:18 amRNSHolding in Company - Amendment
5th Jun 20097:00 amRNSHolding(s) in Company
29th May 20093:12 pmRNSHolding(s) in Company
27th May 20097:00 amRNSChange of Adviser
29th Apr 20097:00 amRNSOperations Update
15th Apr 20097:00 amRNSFinal Results
14th Apr 20091:45 pmRNSPontiac Drilling Underway
31st Mar 20094:40 pmRNSHolding(s) in Company

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