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

Orion Production Update

4 Mar 2008 14:11

Meridian Petroleum PLC04 March 2008 4 March 2008 MERIDIAN PETROLEUM PLC ("Meridian" or the "Company") Orion Production Update Meridian Petroleum plc (AIM: MRP), the US-focused oil and gas company, announcesthat its Orion 36 well in Michigan achieved new gas production records inFebruary for both the daily rate and the daily average for the month as a whole. A new record daily production rate of 4.18mmcfd was achieved on 29 February.Monthly production for February totalled over 108mmcf at an average daily rateof 3.73mmcfd, the highest monthly average since production began in August lastyear. Production of natural gas liquids during the month averaged 55bbls/day. Operational performance was exceptional with less than 12 hours downtime in thewhole month, continuing on from the previous month's strong performance. During February, the Company successfully completed a change-out on one of thetwo Sulfatreat treatment towers. Operational experience has confirmed that withthe installation of the polishing sponge, each tower is now individually able toprocess over 200mmcf of gas before a change-out is needed. During the Februarychange-out there were approximately 100 odour complaints early in the process,however Meridian worked closely with the Michigan authorities and tookprecautions to ensure that no further problems occurred. Stephen Gutteridge, Chairman, said: "We have enjoyed an excellent start to 2008 with two months of very strongperformance from Orion. We have always emphasised the importance of safety andthe environment in our operations and I am pleased that we are receiving goodfeedback from the Michigan authorities on the quality of the Orion operation.The Sulfatreat changes can result in odours escaping, and we are continuing ourefforts to minimise future inconvenience to the local community and to help intheir understanding of our business." Ed Childers, the Company's Chief Operating Officer, who meets the criteria of aqualified person under the AIM guidance note for mining, oil and gas companies,has reviewed and approved the technical information contained in thisannouncement. - ends - For further information contact: Meridian Petroleum PlcStephen Gutteridge, Chairman+44 (0) 20 7811 0140 Ambrian PartnersTim Goodman+44 (0) 20 7776 6400 Parkgreen CommunicationsSimon RobinsonErica Nelson+44 (0) 20 7851 7480 This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
22nd Jan 20207:00 amRNSPosting of Circular and Notice of General Meeting
20th Jan 20207:00 amRNSSubscription for new Ordinary Shares by Trafigura
7th Jan 202011:05 amRNSSecond Price Monitoring Extn
7th Jan 202011:00 amRNSPrice Monitoring Extension
3rd Jan 20201:11 pmRNSHolding(s) in Company
3rd Jan 202012:37 pmRNSHolding(s) in Company
20th Dec 20193:59 pmRNSHolding(s) in Company
17th Dec 20197:00 amRNSStmnt re Share Price Movement
20th Nov 20197:00 amRNSCompletion of Angostura Acquisition
14th Nov 20197:00 amRNSExpiry of Decree 566 - oil prices return to normal
1st Nov 20197:00 amRNSGroup Update
21st Oct 20197:00 amRNSAcquisition and Subscription
30th Sep 20197:00 amRNSUnaudited Interim Results and Group outlook
17th Sep 20197:00 amRNSPublication of half year unaudited accounts
2nd Sep 201911:12 amRNSFurther update on Argentina
28th Aug 20197:00 amRNSFurther Update on Argentina
13th Aug 20191:26 pmRNSCompany Update
6th Aug 20197:00 amRNSH1 Group Management Reporting & Operational Update
25th Jul 20197:00 amRNSNew Offtake Arrangements
16th Jul 20197:00 amRNSArgentina update
27th Jun 20191:22 pmRNSResult of AGM
27th Jun 20197:00 amRNSAGM Statement
31st May 20197:00 amRNSPosting of Annual Report and Notice of AGM
23rd May 20197:00 amRNSFY Results for year ended 31 Dec 2018 & Q1 update
7th May 20197:00 amRNSNotice of 2018 Annual Results and Q1 update
29th Apr 201911:05 amRNSSecond Price Monitoring Extn
29th Apr 201911:00 amRNSPrice Monitoring Extension
25th Mar 20197:00 amRNSAppointment of Joint Broker
25th Mar 20197:00 amRNS2019/20 Work Programme
14th Mar 20194:14 pmRNSHolding(s) in Company
14th Mar 201911:37 amRNSResult of General Meeting
13th Mar 20198:44 amRNSPDMR / Director Shareholding
11th Mar 20194:15 pmRNSResult of Offer for Subscription & Loan Conversion
25th Feb 20197:00 amRNSOffer for Subscription for up to £6.5 million
15th Feb 20197:00 amRNSNew independently certified reserves report
4th Feb 201912:52 pmRNSHolding(s) in Company
31st Jan 20197:00 amRNS2018 unaudited Group Management Report Highlights
10th Jan 20192:39 pmRNSHolding(s) in Company
9th Jan 20197:00 amRNSNet Group year-end production target beaten
20th Dec 20187:00 amRNSNew Concessions Update Rio Negro, Argentina
18th Dec 20187:00 amRNSDrilling success at Puesto Flores, Argentina
7th Dec 20187:00 amRNSUpdate from Rio Negro Province, Argentina
6th Dec 20187:00 amRNSAppointment of Joint Broker
3rd Dec 20187:00 amRNSCompany Presentation
28th Nov 20187:00 amRNSAcquisition: Las Bases & Puesto Prado Concessions
27th Nov 20187:00 amRNSDrilling update
22nd Nov 20187:00 amRNSArgentina Update
13th Nov 20187:26 amRNSArgentina Update
29th Oct 20187:00 amRNSQ3 2018 unaudited Group Management Report
26th Oct 20187:00 amRNSDrilling update at Puesto Flores field, 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.