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

Doubled up yesterday at 1.29p. I don't see this as a Hawk. This outfit may be very small, but it is the real deal.

Good RNS update today, more acrage aquired and plenty going on, should be hearing a lot more in the next few weeks.. So onwards and up!!!!..

Following the resounding success of our first two events, Mining and Resources Quarterly is proud to offer another chance for you to meet, hear from and ask questions of key senior management figures from carefully selected companies.



This event offers an unique opportunity not only to hear about the latest plans from some of the most exciting companies in the sector, but also to put your questions to the people that matter. What is more, there is a free drinks and canapés reception where you can mingle with industry leaders and your fellow investors. Make sure you don't miss this unique opportunity to get the answers you need from the people who make the market.

NEXT EVENT

Date: Wednesday 23rd May 2012

Venue: Novotel, London Tower Bridge, 10 Pepys Street, London, EC3N 2NR

Registration: 6.00pm

Presentations: 6.30pm followed by a drinks/canapés reception



Companies Presenting:



Magnolia Petroleum Plc is an AIM quoted, US focussed, oil and gas exploration and production company with interests in 70 producing properties and non-producing assets covering 16,515 gross acres and 3,000 net acres primarily located in the oil rich Mississippi play in Oklahoma, 4,850 gross acres and 375 net acres in the highly productive oil play in the Bakken/Three Forks Sanish fields in North Dakota as well as the substantial and proven Woodford and Hunton plays, in Oklahoma. The Company focuses on producing areas where the application of horizontal drilling and/or hydraulic fracturing and other techniques offers scope to significantly improve recovery/flow rates. Targeting proven areas lowers exploration risk, illustrated by Magnolia's tremendous success rate achieved so far - 27 out of the first 28 wells in which the Company has participated in have been commercially successful. In addition Magnolia focuses on fields that predominantly produce oil rather than gas securing higher revenues and margins as a result of the higher oil price.



Kea Petroleum (AIM:KEA) is an oil and gas explorer in New Zealand and Australia. Taranaki, New Zealand where Kea is currently exploring has a long history of proven reserves. In 2010 New Zealand Energy Corp and Tag Oil both struck oil resulting in share prices increasing 165% and 100% respectively.

2012 has seen the beginning of Kea’s most exciting and active year. On 10 April, it struck oil and is awaiting equipment to test a field with a potential between one and three million barrels. Two weeks later it commenced drilling its second 2012 well. Later drilling will include one co-funded by Methanex, the world’s largest supplier of methanol.

Ian Gowrie-Smith, Chairman will detail Kea’s exciting prospects.



Click here to go to Event
More companies to be announced

Wish I could be there to see it, but it is a long way to go - even to hear Rita speak.

lord this is a good company but bewar of dilutio it is coming

I don't think there'l be a fundraising in the near term unless they've seen something that they see as a must have!, the last fundraising was on the 2/3/12 when they raised £1.3mil.

I'm not saying there won't be a fundraising in the future, but if their past farmins and purchases of acrage is anything to go by then BRING IT ON!!!!!....

Dilution is a fact of life with investing in small oilers. The best anyone can hope for is that the company continues with the good news flow and that any future share offerings are at progressively higher prices.

Did anyone attend last night's presentation?

Sparkling performance today, it would seem that the presentation went well, although I didn't attend.
2517

Another good rise today.It seams that all 74 wells be it only a small % in each of them
are doing well.The sky's the limit.
Long may it continue.

Results from the Thomason well due any time now. It can only be this that is driving the volume and the share price. The buying is incessant.

Lord Gnome the Thomason is the largest % so far but there's numerous smaller well % in the process of being drilled, spudded and planned, all looking very promising..

grannyboy - if you tot up all the other MAGP interests they won't add up to a fraction of what Thomason is expected to produce. This one well has the potential to treble the company's output and reserves in one fell swoop if the predictions are correct.
The real game changer, however, will be when Magnolia starts to operate and drill its own wells where they have a large percentage of any success.
The share price fell back a bit today as profit takers moved in again. Any meteoric rise without official news to support it has to be speculative and I just wish I had had the courage to sell my holding at 2.8p when I had the chance. What a profitable trading chance I've missed! The problem was that I was expecting the news on Thomason at any moment - silly me - and I didn't want to be out of it when the happened. When the news does finally arrive, I just hope that the share hasn't already burned itself out.

LG agree with what you say, i've managed to trade a small tranche of shares but as you say you don't want to be caught out when the results from Thomason arrive, so don't intend risking any selling at this time...

grannyboy - I don't know about you, but I found the results from Thomason less than impressive and far less than I had hoped for. I think Rita may have over-egged the pudding in her presentation to Moneyam investors the other night. There won't be too much to light another fire under the share price in the next couple of months so I guess it will be some time before we revisit the dizzy heights of 2.8p. I'm happy to hold these for the long term, but I wouldn't mind the odd profitable trade along the way.

Big headline Tom Bulford RHPS tip last night......buy up to 2.25p with a 12 month target of 10p! Great write up.....should explode on Wednesday!

Also tipped in The Mail on Sunday today.Looking good for Wednesday.

Magnolia Petroleum (LON:MAGP) soared another 20% to 2.375p at the mid-price during afternoon trading, possibly reacting once again to the news from last week that said initial production rates of 124 bopd, or barrels of oil per day, and 2,032 mcfpd, or thousand cubic feet per day, for the Thomason 10-27-12 H1 well in the Mississippi Lime Formation in Oklahoma. Output is mainly liquids rich gas with an oil equivalent production rate of 441 boepd, or barrels of oil equivalent per day. Magnolia holds a 12.5% working interest and a 9.375% net revenue interest in the Thomason well so the net initial production attributable to Magnolia arising from the Thomason is 41 boepd. Remains on course to increase the number of wells in which it has an interest in to 100 by the end of the year.



Read more: http://www.oilvoice.com/n/FoxDavies_views_from_the_trading_floor_Premier_Oil_Nautical_Petroleum_and_Afren/dcbe6c618b99.aspx#ixzz1x1xKWGVJ


http://www.oilvoice.com/n/FoxDavies_views_from_the_trading_floor_Premier_Oil_Nautical_Petroleum_and_Afren/dcbe6c618b99.aspx

Another good report today.Now upto 89 wells.Looking good for a nice rise today Get in.

Looking good for another day up 6%.I'm just glad that only 5 of us now about these shares just think if everyone knew about them.