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

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.
2517

The only way these shares are going are up. From 0.57 to 3.28 a 475% rise.
They may have only a small % in each well but as Lord Gnome said they all add up
and with the 4000+ acreage and 100% owned the sky is the limit.

Pumping "nodding donkeys".. cost a lot to put into place...so the question is ;....how long to a real profit ?.....

and how much are space craft to carry your gas rf.....

RHPS update.....Bulford says.....While FOGL is a big gamble, MAGP is a lower risk play on the renaissance of the US on-shore oil business. On Monday Magnolia raised £1.25M through a share issue at 2.4p and the price has responded by fizzing upwards through my buy limit. When a share price goes up in spite of the extra supply of shares from a placing that is usually a positive sign. My target is 10p and I am raising the buy limit to 3.5p.

Have you bought MAGP yet RF??

Why would want he want to buy a share that 's going to make a profit.

No...perhaps should have but I have too many shares in negative territory so....just have to wait.....it's the production levels that are paltry.....this is a sp ramp. tip, rise....

Another good rise yesterday and with today's news of it's own drilling the sky is the limit.

In a week or so ago, and yes in profit, tends to blossom in the morning and retreat a bit pm..... bit like cyners.,.

UBS ups stake to 10% from 4%.Some likes these shares.

I do at the mo.,.

Now we're on a roll.,.

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Quite an amazing climb. If we do eventually get the good news from Prucha we will shoot well past 5p. Sooner or later this bubble is going to burst and we will see a nasty pull back and a lot of burnt fingers - but until then let's just enjoy the ride.

Probably going to be a bubble burst...missed out on this...was put off by the chickenfeed production...what is it ?... 100 barrels per day with a 40 million market cap !...ridiculous....