Magnolia Pet Share Discussion Threads

[snowman88] 23/7/2015 13:41

more buyers arriving, - i wonder how much it would take for us to see a rise similar to those in March and April. Wouldn't be hard to add 50% on to our sp, merely during this drill, and if they strike a good source, then who knows where the share price will go! small market cap, and a large working interest in a reasonably deep well with multiple target zones. Would love to hear of good pressures that far down.

[howdlep] 23/7/2015 11:58

Well worth repeating the RNS from 17/7, which given TD is 8-10 days, I would expect a Monday morning RNS. So yes, interest is beginning to build...

TIDMMAGP

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

17 July 2015

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

Commencement of Drilling 94% Owned Well in Oklahoma

Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and
production company, is pleased to announce that its 94% owned and operated
Shimanek #2 vertical well in Oklahoma commenced drilling on 16 July 2015.
Shimanek #2 will be drilled to a total depth ('TD') of 5,300 feet targeting
multiple conventional payzones, including the Mississippi Lime/Chat, Redfork
Sand and the Lower Skinner. The total drill time is expected to be eight to
10 days and an update will be made once TD has been reached.

Magnolia COO, Rita Whittington said, "With an estimated US$8 per barrel
operating cost, the economics of drilling the Shimanek#2 well remain highly
attractive. Thanks to having a 94% interest, this Magnolia operated well has
the potential to materially increase our proven reserves which, as at 1 January
2015, were independently estimated at 985 Mbbls of oil and 2,905 MMcf of gas.
I look forward to providing further updates on our progress as we deliver on
our strategy to prove up the reserves on our portfolio of US onshore leases,
and in the process generate significant value for our shareholders."

* * ENDS * *

[snowman88] 23/7/2015 11:44

well, thats the most buys in a day before midday for a while, so i think people are starting to creep in here, ready for the exciting half of the drill. 5300ft; Multiple target zones; 94% WI; only £7mill Market cap. Whats not to like!

[gavinbell] 23/7/2015 09:55

boys

webcast on JLP about to start (10am) - listen to directors (who took shares in lieu of salary). mining licence (NPV project 1.7 billion) due by end of the month and cash balance around gbp11m with current mcap only 20m.

hxxp://webcasting.brrmedia.co.uk/broadcast/139483

not to mention surface dump project worth alone worth around 20p

about to rerate

[reba] 23/7/2015 09:47

Everything they are doing is positive. Barrels being priced at 42 dollars. Market price between 53 - 58 dollars. good profit on every barrel.
Activity means further increase in producing wells.
Positive profits for further development without having to raise any cash.
What more do PI's want.
Future looks bright.

[snowman88] 23/7/2015 09:22

very true, but the share price will catch up soon.. I must admit i'm surprised we've not seen more buying this week considering we've started drilling a 94%Wi drill! This is a huge step forward for Magnolia, who are only valued at just over £7mill. Imagine what a success at this drill will do for the company, - and they are targetting multiple zones. I'm excited!

[reba] 23/7/2015 09:14

Nothing but buys of late.
MM's just keep moving the goal posts

[snowman88] 20/7/2015 19:35

agree; just coming out of a bowl shape on the chart, quite similar to February of this year, so expecting a rise here, as drilling continues! Multiple targets and 94% WI. Potential for massive positive impact for Magnolia.

[howdlep] 20/7/2015 17:31

corrected to be a rollover I presume

[howdlep] 20/7/2015 13:23

slowly but surely interest is returning, ahead of the next bit of pending news, due within a week...


free stock charts from uk.advfn.com

[howdlep] 20/7/2015 13:19

large 5.7m bargain condition buy gone through, which needs correcting to 0.725p!

[reba] 20/7/2015 11:35

MM's put the offer up yet again. Why won't they let it go.?

[howdlep] 17/7/2015 08:01

Interest should really pickup over next week...


TIDMMAGP

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

17 July 2015

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

Commencement of Drilling 94% Owned Well in Oklahoma

Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and
production company, is pleased to announce that its 94% owned and operated
Shimanek #2 vertical well in Oklahoma commenced drilling on 16 July 2015.
Shimanek #2 will be drilled to a total depth ('TD') of 5,300 feet targeting
multiple conventional payzones, including the Mississippi Lime/Chat, Redfork
Sand and the Lower Skinner. The total drill time is expected to be eight to
10 days and an update will be made once TD has been reached.

Magnolia COO, Rita Whittington said, "With an estimated US$8 per barrel
operating cost, the economics of drilling the Shimanek#2 well remain highly
attractive. Thanks to having a 94% interest, this Magnolia operated well has
the potential to materially increase our proven reserves which, as at 1 January
2015, were independently estimated at 985 Mbbls of oil and 2,905 MMcf of gas.
I look forward to providing further updates on our progress as we deliver on
our strategy to prove up the reserves on our portfolio of US onshore leases,
and in the process generate significant value for our shareholders."

* * ENDS * *

[swinging_dick] 16/7/2015 10:49

Poacher

MAGP have already sold small parcels of non-core property for a considerable profit. Meanwhile the more they prove the resources on current properties, they more valuable they get. When eventually things sell off, the share price could catapult in minutes as it moves to the sale price. Anyone caught on the short side would see their net worth incinerated (tee hee).

[snowman88] 16/7/2015 09:20

wow, that was sooner than i thought for the drill to start. A 94% WI well should get some interest sparked here. Great potential for the company, especially with such a low Market Cap, - wouldn't take much to get us back in the 1-1.5p region.

[poacher886] 16/7/2015 08:40

The MM's wont be able to widen anything soon when they sell the company..!

[reba] 16/7/2015 08:34

Aim playing stupid again. widening the spread.
Pathetic

[howdlep] 16/7/2015 07:22

TIDMMAGP

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

16 July 2015

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

Update on Magnolia Operated Shimanek #2 well, Oklahoma

Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and
production company, is pleased to announce that following its announcement on
13 July 2015 drilling operations at the Magnolia operated and 94% owned
Shimanek #2 vertical well in Oklahoma are expected to commence imminently. The
drilling crew are now on site and the rig has been mobilised.

The well is targeting multiple conventional payzones, including the Mississippi
Lime/Chat, Redfork Sand and the Lower Skinner. An update will be made to the
market once drilling has commenced in the coming days.

* * ENDS * *

[snowman88] 15/7/2015 14:07

could do with volume picking up and getting a bit of momentum behind the share price . then look for a similar rise to the one seen in March to May.

[snowman88] 14/7/2015 09:25

could easily see this back up to the 0.9 region ready for the start of their own well.. 94% WI will have a great impact!

[howdlep] 14/7/2015 08:52

Lord Gnome,

:-)

I guess its when there is so little positive comment about a stock that it can become a contrarian play. We will see

[howdlep] 14/7/2015 08:51

Coverage by Proactive re yesterday's RNS

Magnolia Petroleum on course to bolster reserves:

[lord gnome] 14/7/2015 08:50

Careful howdlep. If you say anything positive about MAGP Fletcher will bite your balls off.

[howdlep] 14/7/2015 08:48

again one or two starting to nibble. Still early days and volume obviously needs to continue to build. However, Zak Mir now out with targets of 0.84p (MA200) and 1.1p (rising trend channel) while greater than support at 0.60p

[howdlep] 13/7/2015 14:41

a good RNS this morning and interest appears to be building slowly, in this diversified play.

Sometimes when you run out of sellers, a contrarian play can be profitable...