Meridian Petroleum's strategy is to build a US focussed oil and gas production business, with a UK corporate base for capital raising and governance. We are listed on the AIM market in London (ticker: MRP). Meridian also has assets in Australia but is currently negotiating a disposal of those assets.

Our assets in the US have been acquired on the basis of four key criteria:

Low technical and reservoir risk – we regard seismic data as essential and have our own processing capability; a detailed asset history is desirable, particularly well data

Low cost of acquisition and exploitation – we prefer onshore assets with good access to infrastructure such as processing facilities and pipelines

A bias towards gas – we believe that the USA will require substantial extra supplies of gas to meet both demand (particularly for gas-fired power generation) and emission expectations in the near future.

A significant working interest – giving the company greater control over development plans and creating the opportunity for future partnerships on larger and more costly projects.