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

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.

Perhaps your name puts investors off. Its the unlucky.lol

Unlucky I have been until this little share popped up.Rita is not a lady to mess with, this is her third company she has help grow and with the other selling for a massive profit I can only hope it continues.

Looking at a 5k profit at the mo, with plenty of news to come and more wells being drilled I can only see this share going higher.

Good for you ub on your profit.

Today's fundraising news explains recent price weakness. The market always sells off when there is a placing. Insiders will dump any stock they can at above the placing price. Looks like we are now cashed up for the next round of expansion. That's funds raised at 0.55p, 1.3p and now 2.125p in less than a year. Hopefully the next time we need to raise funds it will be at somewhere in excess of 3p.

Yet another rns, the downside to having a miniscule interest in so many wells must be the cost attached to the release of news for each well.
2517

Breakout today here,,,,,,,,,

Wow...16 barrels of oil net and I think 3 in the other....enough to fill a couple of Brandts and a few Bollingers....

Reminds me of Nighthawk.....

RF----HAWK were 36p ish 2 years ago so i'll settle for that with MAGP, who finished yesterday up 3% after being 17% to the good before the rns re fundraising was released. Back on track today.
2517

It's the production that's pitiful.....a joke....one of the wells net : 2.3 barrels of oil per day....please.....and yet....the sp is rising...