Meridian Resources Corporation (The) by WrightReports

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									Company Fundamentals\Company Profile

   A Wright Investors' Service Research Report:

   Meridian Resources Corporation (The)
                                                                                         440 Wheelers Farms Road
                                                                                         Milford, CT 06461 U.S.A.


  COMPANY PROFILE
  Figures in U.S. Dollars

                                  Wright Quality Rating:LBNN                                Key Data

   Meridian Resources Corporation (The). The Group's principal activities are to explore,   Ticker:
   acquire and develop oil and natural gas properties utilizing 3-D seismic technology.     TMR
   The Group uses 3-D seismic technology to analyze prospects, define risk and target
   high-potential wells for exploration and development. The Group focuses its              2009 Sales:
   operations on the onshore oil and gas regions in south Louisiana, the Texas Gulf
                                                                                            77,500,000
   Coast and offshore in the Gulf of Mexico. As of 31-Dec-2008, the Group had
   interests in 19 fields and 100 producing wells. The Group markets its production to
   third parties. The major customers of the Group include Louisiana Intrastate Gas and     Major Industry:
   Superior Natural Gas.                                                                    Oil, Gas, Coal & Related
                                                                                            Services
                       Stock Chart                                 Officers
                                                          Chairman, President & Chief
                                                                  Executive           Sub Industry:
                                                                 Paul D. Ching        Crude Oil & Natural Gas
                                                                                      Producers
                                                               Senior Vice President &
                                                                      Secretary             Country:
                                                                   Lloyd V. DeLano          United States

                                                                                            Currency:
                                                                                            U.S. Dollars

                                                                                            Fiscal Year Ends:
                                                                                            December

                                                                                            Employees
                                                                                            46

                                                                                            Exchanges:
                                                                                            NYSE
             Stock Price (5/13/2010): 0.33
               Recent stock performance                                                     Share Type:
                   1 Week      25.2%                                                        Common
                   4 Weeks      7.6%
                   13 Weeks    14.4%
                                                                                            Market Capitalization:
                   52 Weeks     5.2%
                                                         
								
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