MAGNOLIA PETROLEUM PLC
USA Focused Oil and Gas Company

Website

epic - MAGP

Magnolia Petroleum plc..... is an AIM listed oil and gas production company
focused on the acquisition, exploitation and development of oil and gas
properties primarily located onshore in the United States. Lead by a highly
skilled management team with over 100 years combined experience in the
on shore oil and gas industry, the Company already has interests in over 60
producing properties and significant acreage in two major project areas,
the potentially game-changing and highly productive Bakken shale in North
Dakota and the proven Woodford and Hunton formations in Oklahoma.
The Company is also currently targeting the Mississippi Formation in
Oklahoma, a known play with proven and substantial reservoirs.

Recent Analyst Report:

Magnolia Petroleum is an independent oil and gas company based in Tulsa, Oklahoma with non-operated interests in two of the most active unconventional resource plays in North America; the Bakken and the Woodford, and plans to acquire new acreage working as an operator in the nascent Mississippi Lime Play.

Earlier in 2011, Magnolia participated with Chesapeake in‘The Sundance Mississippian Lime’ well which paid back to Magnolia costs within three months of drilling.Magnolia’s recent funding which accompanied its move to AiM will allow the company to begin acquiring leases and to build a position in this upcoming play.

An early entrant into the Bakken and Woodford, Magnolia captured early value and has just scored its most successful well to date with the recent Drone 1-34-27H.This well has recorded excellent initial production rates of 1,199 barrels of oil per day and 441 MCF gas per day; albeit being ‘early days’, we believe it is sufficiently encouraging to suggest a near doubling of engineering projections for the well, with likely formal upgrades to follow.

An early estimate would be that this would generate between $146,000 and $228,000 of net revenue above baseline engineering projections to Magnolia over the well life – all other things being equal.The interesting bit is that this was Magnolia’s first 32- stage frac well and if it turns out to be the case that the success seen in the Drone well is repeated as more complex completions are regularly applied and as evidenced by the Skunk Creek and Stocke well announcements. This may fundamentally improve the underlying valuation of the company.

Our post-money corporate valuation is £10.3m which equates to 1.8p/share based on a sum of the parts valuation.

FULL REPORT HERE:

Hardmans Report 7th December 2011

Interesting release from MAGP, almost an honest driller :-0)



Magnolia Petroleum Plc / Index: AIM / Epic: MAGP / Sector: Oil & Gas

14 January 2013

Magnolia Petroleum Plc (`Magnolia' or `the Company')

Comment on Speculation

Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas
exploration and production company, notes the speculation on internet bulletin
boards over the weekend regarding production rates at the Prucha 1-23MH and
Brandt 31-28-12 1H wells.

The figures mentioned are not initial production rates but derive from early 24
hour test runs by the operator. Such test runs are undertaken as part of the
standard practice and provide a guide to the operator as to the appropriate
actions required to bring the well into full production. Shareholders should
note that there is no simple correlation between the results of a 24 hour test
run and the eventual initial production rates and that the former can be
misleading. The Company will be apprised of initial production rates in due
course and will then inform shareholders.

Something big going to happen here, directors buying in big time.,.

Magnolia Petroleum Plc(`Magnolia' or `the Company')

Directors' Dealings

Magnolia Petroleum Plc, the AIM quoted US onshore oil and gas exploration and
production company, received notification on 25 January 2013 that Steven Snead,
the CEO, Ronald Harwood, a non-executive director, and Gavin Burnell, a
non-executive director, have each made the following purchases in the ordinary
shares of the Company:

Director Date of Ordinary Price Subsequent % of Issued
Purchase Shares paid Holding Share
Purchased Capital

Steven Snead 25 Jan 2013 500,000 2.9p 200,415,998 23.56

Ronald 24 Jan 2013 850,000 2.9p 30,582,426 3.60
Harwood

Gavin 25 Jan 2013 200,000 2.92p 14,385,797 1.69
Burnell

sp lively to day.
2517

bought back the 50% i sold earlier at 2.9p when the directors bought.,.

how many buckets of oil are they producing?

Just a smidgen compared to what they are going to produce.
2517

little apples..... hali.,.

This company constantly talks about acerage rather than boped reminds us of HAWK look at their sales .....peanuts!

MAGP is definitely oil, not a peanut in sight. It was Jimmy Carter that made a fortune from peanut---wells, ha!ha!

halifax - I understand the point that you are making, but you have to buy some things on potential. If you wait until the potential has already been achieved, then the share price will already reflect that and there will be no money to be made.

agreed, as long as news flows regularly there will be interest.,.

Excellent news.
2517

bought in today ..onwards and upwards!

Watch this. It will take approx. 30 minutes of your time, but will answer any concerns that you may have about the company, its strategy and its future prospects. Makes me want to buy even more!


http://www.iii.co.uk/interface/profile/LSE%3AMAGP

Fourth straight day of rises. I hereby declare the downtrend well and truly broken. Good news continues to pour from this company. We'll hit new highs before the year end.

Another excellent rns with the number of boepd up significantly over recent months but sp still struggling to reach 3p.
2517

The market response to continued good news coming from MAGP is nothing short of dismal - but you could say that about any small AIM oiler. You just can't give the shares away at present. Until sentiment changes towards the sector, this is going nowhere. Perhaps allowing AIM shares into ISAs might give a short term boost this autumn.

Good results, profitable company and output set to continue to rise. I was sceptical about the minute holdings in wells, but it seems to be paying off. Wells where MAGP have a sizeable interest to come. Broker buy and TP of 4.60p. All in all it looks very promising.
2517

Keep your fingers crossed George, but it does look as though the worm has finally turned. The weight of good news from Maggie looks to have put some support under the share price and I notice WINS have been on the bid a lot these last few days. Looks like they could have a buyer who is keen to accumulate. Lots more to come here.

News on loan funding yesterday looks to have gone down well. A couple of small Director buys have also been received positively. All we need now is a bit of good news from the drill bit and we will be well away.