Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPPC.L Regulatory News (PPC)

  • There is currently no data for PPC

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Placing of new shares

19 Dec 2006 14:48

Meridian Petroleum PLC19 December 2006 For immediate release 19 December 2006 MERIDIAN PETROLEUM PLC ('Meridian' or 'the Company') PLACING OF NEW SHARES TO RAISE £1.25 MILLION Meridian Petroleum, the oil and gas exploration and production company with keyassets in the USA and Australia, today announces the successful completion of aninstitutional placing of new Ordinary Shares in the Company. Ambrian Partners has placed 6,944,444 new Ordinary Shares at a price of 18p pernew Ordinary Share with institutional investors, raising £1.25 million beforecosts. The funds raised will be used to complete the work programme on the developmentof the Calvin Field with work scheduled on the 36 #1 well in January and a fullfield development study due to be implemented in January to develop both thedeep and shallow rights. The Company is finalising a lease acquisition of 2additional lease blocks in excess of 2,000 acres in the Calvin Field which willadd additional reserves to the asset base. Additionally, the Company is due to drill the Orion well in Michigan with workcommencing in January. Further lease work will also go ahead on the CBM projectin the Warrior Basin in Alabama and the finalisation of the Australian NativeTitle agreement for the Dolores resource is anticipated in early 2007. Application has been made for the new Ordinary Shares to be admitted to AIM anddealings are expected to commence on 20 December 2006. Following the placing,the number of Ordinary Shares in issue will be 79,649,063. The new OrdinaryShares will be issued under the existing authorities granted to the Directors. Tony Mason, Chief Executive of Meridian Petroleum, said: 'This fundraisingenables us to accelerate the work on the Calvin field and other projects. Withnext month's development study we will be able to assess the full scale of thedeep and shallow reserves at Calvin and plan a drilling programme accordingly.' Ends For further information contact: Meridian Petroleum PLC Ambrian Partners Parkgreen CommunicationsTony Mason Neil Maclachlan Victoria Thomas Richard Brown+44 (0) 20 7409 5040 +44 (0)20 7776 6400 +44 (0)20 7493 3713 Notes to Editors About Meridian Meridian is an oil and gas exploration and production company with key assets inthe United States and Australia. Meridian is quoted on the AIM market of theLondon 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
24th Oct 20187:00 amRNSIssue of Equity
22nd Oct 20189:00 amRNSNew Website
22nd Oct 20187:00 amRNSDrilling update at Puesto Flores field, Argentina
15th Oct 20187:00 amRNSLouisiana Update
5th Oct 20185:17 pmRNSPDMR Shareholding
4th Oct 20184:21 pmRNSPDMR Shareholding
26th Sep 20187:00 amRNSInterim Results for H1 2018
24th Sep 20187:00 amRNSSpud of first new Puesto Flores development well
12th Sep 20187:00 amRNSPuesto Prado and Las Bases Concessions Update
28th Aug 201812:53 pmRNSPresenting at Oil Capital & Hosting Drinks Event
9th Aug 20187:00 amRNSTrading update
27th Jul 20187:00 amRNSPUESTO FLORES/ESTANCIA VIEJA CONCESSION UPDATE
11th Jul 20187:21 amRNSPosting of Corporate Video and Q&A
29th Jun 20183:00 pmRNSResult of AGM
29th Jun 201811:00 amRNSAGM GROUP UPDATE
29th Jun 20187:00 amRNSPDMR Shareholding
28th Jun 201812:35 pmRNSDirector/PDMR Shareholding
21st Jun 20187:00 amRNSDirector/PDMR Shareholding
20th Jun 20187:00 amRNSAward of Options
18th Jun 20187:00 amRNSARGENTINA UPDATE
7th Jun 20187:29 amRNSPosting of Annual Report and Notice of AGM
6th Jun 20185:19 pmRNSDirector/PDMR Shareholding
6th Jun 20187:00 amRNSFY Results for year ended 31 Dec 2017 & Q1 Update
14th May 20187:00 amRNSARGENTINA UPDATE
16th Apr 20187:25 amRNSPUESTO FLORES CONCESSION UPDATE
14th Mar 20187:00 amRNSDirector Appointments
12th Mar 20187:00 amRNSESTANCIA VIEJA SUCCESSFUL TEST RESULTS
5th Mar 20187:00 amRNSNew independent certified Argentine Reserves
28th Feb 20187:00 amRNSArgentinian Stock Exchange Secondary Listing
22nd Feb 20187:00 amRNSArgentina Trading Update
6th Feb 20183:51 pmRNSHolding(s) in Company
2nd Feb 20185:16 pmRNSHolding(s) in Company
12th Jan 20187:00 amRNSOperational Update
2nd Jan 20187:00 amRNSSale of Non-Operated Asset in Louisiana
15th Dec 20177:00 amRNSOperational Update
12th Dec 20177:00 amRNSLegislative approval of Extension Agreement
27th Nov 20177:00 amRNSPresident agrees Argentine Commercial Bank Loan
20th Nov 20172:02 pmRNSResult of Open Offer and Loan Conversion
16th Nov 20177:00 amRNSOperational Update
3rd Nov 20177:00 amRNSSalta Exploration Assets, Argentina Update
30th Oct 201711:54 amRNSHolding(s) in Company
30th Oct 20177:00 amRNSOpen Offer Announcement
23rd Oct 20174:53 pmRNSDirector/PDMR Shareholding
20th Oct 20177:00 amRNSProposed placing and open offer
17th Oct 20177:00 amRNSFirst Sale of oil from Puesto Flores Field
9th Oct 20177:00 amRNSOperational Update
29th Sep 20177:00 amRNSInterim Results
25th Sep 20173:54 pmRNSTR-1 Notification of Major Shareholdings
21st Sep 20175:55 pmRNSAcquisition of Assets in Argentina - Replacement
21st Sep 20177:00 amRNSAcquisition of Producing Assets in Argentina

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.