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

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.
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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.
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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...

Yes, RF, but when you have 100+ of them, you have spread your risk and they all add up. The real game changer here will be when they drill their own wells on their own acreage as operator. You are buying huge potential here cf the current market cap. At present, though, I have to agree that the share price is 'up with events'.

Yep the big prize is the Mississippi formation. Plenty of news flow to come with up to 24 wells to be drilled over the next 2 years or so.
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Rf you got a cheek with only gas in your fogl stash.....

Exactly....at least they have some oil.....with lots more to come!!

I'll tell you what : I am not going to exchange Loligo for 2.3 barrels of oil net !....

This will take a bit of a drop on the 5th oct, so am waiting to see what happens.,.

why 5th Oct?

another 52 mil shares been added

Rf, I have found through experience not to fall in love with a share as you could go down with it.

There is more big drill news before 5th Oct. I understand what you are saying.....but if the drill news is good (better than expected) the additional shares should not make much difference.....but it could be a great opportunity to top up if it does dip a bit!
As before, they will use the additional funding to good use.

Well respected management.
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