Magnolia Petroleum Plc Board Changes

 
TIDMMAGP 
 
Magnolia Petroleum Plc / Index: AIM / Epic: MAGP / Sector: Oil & Gas 
 
23 February 2017 
 
             Magnolia Petroleum Plc ('Magnolia' or 'the Company') 
 
                                 Board Changes 
 
Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and 
production company, announces that non-executive Chairman Thomas Wagenhofer has 
resigned from the Company to concentrate on his other business commitments. 
 
Ron Harwood, an existing non-executive Director of Magnolia, will assume the 
position of Chairman of the Company on an interim basis until a permanent 
replacement has been appointed.  Mr Wagenhofer has agreed to a one month 
handover to ensure an orderly transition. 
 
The information contained within this announcement constitutes inside 
information stipulated under the Market Abuse Regulation (EU) No. 596/2014. 
 
                                 * * ENDS * * 
 
For further information on Magnolia Petroleum Plc visit 
www.magnoliapetroleum.com or contact the following: 
 
Steven Snead               Magnolia Petroleum Plc       +01918449 8750 
 
Rita Whittington           Magnolia Petroleum Plc       +01918449 8750 
 
Jo Turner / James Caithie  Cairn Financial Advisers     [phone] 
                           LLP 
 
Colin Rowbury              Cornhill Capital Limited     [phone] 
 
Lottie Brocklehurst        St Brides Partners Ltd       [phone] 
 
Frank Buhagiar             St Brides Partners           [phone] 
                           Ltd 
 
Notes 
 
Magnolia Petroleum Plc is an AIM quoted, US focused, oil and gas exploration 
and production company.  Its portfolio includes interests in 154 producing and 
non-producing assets, primarily located in the highly productive Bakken/Three 
Forks Sanish hydrocarbon formations in North Dakota as well as the oil rich 
Mississippi Lime and the substantial and proven Woodford and Hunton formations 
in Oklahoma. 
 
Summary of Wells 
 
Category                                                Number of wells 
 
Producing                                                           154 
 
Being drilled / completed                                            14 
 
Elected to participate / waiting to                                  42 
spud 
 
TOTAL                                                               210 
 
 
 
END 
 

(END) Dow Jones Newswires

February 23, 2017 02:00 ET (07:00 GMT)