Share Name Share Symbol Market Type Share ISIN Share Description
Magnolia Pet LSE:MAGP London Ordinary Share GB00B1G3RY22 ORD SHS 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.10p 0.09p 0.11p 0.10p 0.10p 0.10p 100,000.00 07:30:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.4 -6.6 -0.7 - 1.75

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Date Time Title Posts
27/10/201606:46Magnolia Petroleum Plc 2013, for the serious holders1,531.00
04/9/201409:38why to BUY and HOLD in Magnolia Petroleum (MAGP-
21/1/201413:16Test2.00
12/12/201310:10Magnolia Petroleum Plc602.00
12/9/201309:51Step Up in Revenues from Highly Prospective Magnolia Petroleum PLC4,503.00

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DateSubject
04/12/2016
08:20
Magnolia Pet Daily Update: Magnolia Pet is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker MAGP. The last closing price for Magnolia Pet was 0.10p.
Magnolia Pet has a 4 week average price of 0.10p and a 12 week average price of 0.11p.
The 1 year high share price is 0.43p while the 1 year low share price is currently 0p.
There are currently 1,751,458,563 shares in issue and the average daily traded volume is 2,695,700 shares. The market capitalisation of Magnolia Pet is £1,751,458.56.
14/7/2016
07:37
lord gnome: Still beating the drum Fletch? I don't think anyone is left to listen. Judging from the share price everyone has already gone for the exit. If you are the last man, then please shut the door as you leave.
24/12/2014
10:24
r g fletcher: Investors are being warned about putting money into fledgling firms as nearly one in ten have seen their share price drop by 90 per cent. Small, new businesses are attractive as their low share prices have the potential to rise quickly. However, companies are more likely to fail in their early years. "Could have been written with MAGPISH in mind!!"
23/12/2014
13:44
r g fletcher: This company is obsessed with promoting the share price. Why? It needs cash. The website blasts out the homepage message “dedicated to maximising returns”. Really – we will turn to cashflow generation later. There is invariably a converse relation between delivering returns and issuing large numbers of RNS releases. With 45 RNS releases in the past year – almost one a week – Magnolia must win some sort of record. It is a wonder that it has time to do anything else since it is so busy drafting releases.
22/9/2014
19:51
r g fletcher: Five months ago, Tom wrote this damning assessment of Magnolia Petroleum’s (MAGP) business model and market capitalisation. So far, his view has been entirely vindicated. Despite the howls of protests from Magnolia’s ardent supporters, not to mention the absurd accusations I’ve read over the months accusing ShareProphets of being involved in a shorting conspiracy, I actually don’t think Tom went far enough in his criticism of this company. The business model is not clever and it is not shrewd. If you told American private investors about what this company did, they’d laugh at you. There is a very good reason why this company is listed here, with its American holdings, American directors and American headquarters. And I’m afraid to say that reason isn’t because certain British private investors represent the savviest money in global markets... The business model that Magnolia is pursuing is well established in the United States. The problem is that it cannot work in any meaningful sense on public markets, with the associated PLC overheads. As Tom said, tiny carries in marginal producing wells are freely traded among privately held American companies. Usually the people who buy these sorts of interests are “Mom & Pop” operations seeking to boost their retirement incomes. There must be thousands, if not tens of thousands of such oil wells, the proceeds from which are divided up in this way. There is no getting around this fact and, as if any further warning were needed about what a dire investment Magnolia is, today’s RNS should set alarm bells ringing. It wasn’t that long ago that Magnolia was issuing nearly one RNS a week. It genuinely doesn’t seem to have dawned on some people why this was a sign of trouble. After all, why would a company, with such a great business model, be so desperate to promote itself? Why not simply let the results talk? But letting the results talk has always been Magnolia’s Achilles heel. Magnolia bulls will no doubt say that the significant reduction in the number of RNSs over the last few months is evidence of the company moving in the right direction. Well, if they really believe that, that is entirely their call, but I’d be far more concerned why Magnolia still refuses to issue production figures, especially as it has been so keen to publish Initial Production Rates in the past. I’ve talked about Initial Production Rates before, and for Magnolia’s shareholders these figures have been particularly troublesome in the past. In today’s RNS, Magnolia proudly led with its participation in 155 producing wells. I’m deliberately not going to quote what the company had to say about the IPRs at some of its other holdings, suffice to say I am pretty sure that if we ever do find out the ongoing production rates at these wells in the future, I’d be amazed if it is anywhere near what was initially achieved. At 1.05p Magnolia has a market cap of £9.56million. Tom quoted a target of 0.6p in his original piece. Whether or not the share price falls this low is entirely down to the vagaries of AIM. With this market they way it is, perhaps there are greater fools out there who will even push the price higher. Whatever the case I can’t see any compelling reason whatsoever to hold this stock, no matter how deep in the red your position might be. I’ve been in a similar position myself with a stock and the best thing to come out of owning a share like Magnolia is to learn what not to do next time. This in itself could prove to be extremely profitable in the long run, but don’t kid yourself about the fundamentals of this one. They are an illusion. - See more at: http://www.shareprophets.advfn.com/views/6551/magnolia-petroleum-and-the-danger-of-locking-yourself-into-garbage#sthash.YIlxHyIO.dpuf
12/8/2014
07:46
r g fletcher: Five months ago, Tom wrote this damning assessment of Magnolia Petroleum's (MAGP) business model and market capitalisation. So far, his view has been entirely vindicated. Despite the howls of protests from Magnolia's ardent supporters, not to mention the absurd accusations I've read over the months accusing ShareProphets of being involved in a shorting conspiracy, I actually don't think Tom went far enough in his criticism of this company. The business model is not clever and it is not shrewd. If you told American private investors about what this company did, they'd laugh at you. There is a very good reason why this company is listed here, with its American holdings, American directors and American headquarters. And I'm afraid to say that reason isn't because certain British private investors represent the savviest money in global markets... The business model that Magnolia is pursuing is well established in the United States. The problem is that it cannot work in any meaningful sense on public markets, with the associated PLC overheads. As Tom said, tiny carries in marginal producing wells are freely traded among privately held American companies. Usually the people who buy these sorts of interests are "Mom & Pop" operations seeking to boost their retirement incomes. There must be thousands, if not tens of thousands of such oil wells, the proceeds from which are divided up in this way. There is no getting around this fact and, as if any further warning were needed about what a dire investment Magnolia is, today's RNS should set alarm bells ringing. It wasn't that long ago that Magnolia was issuing nearly one RNS a week. It genuinely doesn't seem to have dawned on some people why this was a sign of trouble. After all, why would a company, with such a great business model, be so desperate to promote itself? Why not simply let the results talk? But letting the results talk has always been Magnolia's Achilles heel. Magnolia bulls will no doubt say that the significant reduction in the number of RNSs over the last few months is evidence of the company moving in the right direction. Well, if they really believe that, that is entirely their call, but I'd be far more concerned why Magnolia still refuses to issue production figures, especially as it has been so keen to publish Initial Production Rates in the past. I've talked about Initial Production Rates before, and for Magnolia's shareholders these figures have been particularly troublesome in the past. In today's RNS, Magnolia proudly led with its participation in 155 producing wells. I'm deliberately not going to quote what the company had to say about the IPRs at some of its other holdings, suffice to say I am pretty sure that if we ever do find out the ongoing production rates at these wells in the future, I'd be amazed if it is anywhere near what was initially achieved. At 1.05p Magnolia has a market cap of £9.56million. Tom quoted a target of 0.6p in his original piece. Whether or not the share price falls this low is entirely down to the vagaries of AIM. With this market they way it is, perhaps there are greater fools out there who will even push the price higher. Whatever the case I can't see any compelling reason whatsoever to hold this stock, no matter how deep in the red your position might be. I've been in a similar position myself with a stock and the best thing to come out of owning a share like Magnolia is to learn what not to do next time. This in itself could prove to be extremely profitable in the long run, but don't kid yourself about the fundamentals of this one. They are an illusion. - See more at: http://www.shareprophets.advfn.com/views/6551/magnolia-petroleum-and-the-danger-of-locking-yourself-into-garbage#sthash.YIlxHyIO.dpuf
14/7/2014
16:03
r g fletcher: This is what they have to say!! Five months ago, Tom wrote this damning assessment of Magnolia Petroleum's (MAGP) business model and market capitalisation. So far, his view has been entirely vindicated. Despite the howls of protests from Magnolia's ardent supporters, not to mention the absurd accusations I've read over the months accusing ShareProphets of being involved in a shorting conspiracy, I actually don't think Tom went far enough in his criticism of this company. The business model is not clever and it is not shrewd. If you told American private investors about what this company did, they'd laugh at you. There is a very good reason why this company is listed here, with its American holdings, American directors and American headquarters. And I'm afraid to say that reason isn't because certain British private investors represent the savviest money in global markets... The business model that Magnolia is pursuing is well established in the United States. The problem is that it cannot work in any meaningful sense on public markets, with the associated PLC overheads. As Tom said, tiny carries in marginal producing wells are freely traded among privately held American companies. Usually the people who buy these sorts of interests are "Mom & Pop" operations seeking to boost their retirement incomes. There must be thousands, if not tens of thousands of such oil wells, the proceeds from which are divided up in this way. There is no getting around this fact and, as if any further warning were needed about what a dire investment Magnolia is, today's RNS should set alarm bells ringing. It wasn't that long ago that Magnolia was issuing nearly one RNS a week. It genuinely doesn't seem to have dawned on some people why this was a sign of trouble. After all, why would a company, with such a great business model, be so desperate to promote itself? Why not simply let the results talk? But letting the results talk has always been Magnolia's Achilles heel. Magnolia bulls will no doubt say that the significant reduction in the number of RNSs over the last few months is evidence of the company moving in the right direction. Well, if they really believe that, that is entirely their call, but I'd be far more concerned why Magnolia still refuses to issue production figures, especially as it has been so keen to publish Initial Production Rates in the past. I've talked about Initial Production Rates before, and for Magnolia's shareholders these figures have been particularly troublesome in the past. In today's RNS, Magnolia proudly led with its participation in 155 producing wells. I'm deliberately not going to quote what the company had to say about the IPRs at some of its other holdings, suffice to say I am pretty sure that if we ever do find out the ongoing production rates at these wells in the future, I'd be amazed if it is anywhere near what was initially achieved. At 1.05p Magnolia has a market cap of £9.56million. Tom quoted a target of 0.6p in his original piece. Whether or not the share price falls this low is entirely down to the vagaries of AIM. With this market they way it is, perhaps there are greater fools out there who will even push the price higher. Whatever the case I can't see any compelling reason whatsoever to hold this stock, no matter how deep in the red your position might be. I've been in a similar position myself with a stock and the best thing to come out of owning a share like Magnolia is to learn what not to do next time. This in itself could prove to be extremely profitable in the long run, but don't kid yourself about the fundamentals of this one. They are an illusion. - See more at: http://www.shareprophets.advfn.com/views/6551/magnolia-petroleum-and-the-danger-of-locking-yourself-into-garbage#sthash.YIlxHyIO.dpuf
02/4/2014
06:07
gilly9: gnolia Petroleum Plc Quarterly Operations Update Date : 02/04/2014 @ 07:00 Source : UK Regulatory (RNS & others) Stock : Magnolia Pet (MAGP) Quote : 2.075 0.0 (0.00%) @ 05:00 HOME » LSE » LSE » Magnolia Pet share price Magnolia Petroleum Plc Quarterly Operations Update Print Alert TIDMMAGP Magnolia Petroleum Plc / Index: AIM / Epic: MAGP / Sector: Oil & Gas 2 April 2014 Magnolia Petroleum Plc (`Magnolia' or `the Company') Quarterly Operations Updatefor the Period Ended 31 March 2014 Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, is pleased to announce a quarterly update on its operations across proven and producing US onshore hydrocarbon formations, including the Bakken/Three Forks Sanish in North Dakota and Montana, and the Mississippi Lime and the Hunton/Woodford in Oklahoma. Quarter Highlights * 151 producing wells as at end of Q1 2014 - an increase of 11 during the period * Elected to participate in 29 new wells including those with larger than average interests such as Rothermel 2MH (5.41%) in the Mississippi Lime Formation and Marion 1-23HW (5.41%) and Peters 1-27H (5.21%) targeting the Woodford Formation, Oklahoma * Significant increase in infill well proposals on the Company's leases held by production in North Dakota and Oklahoma to maximise recovery of reserves on individual spacing units * First proposal received to drill eight wells on one spacing unit in Oklahoma targeting Mississippi Lime and lower lying Woodford formations * Borrowing base limit of Credit Facility raised from US$1.6 million to US$2.1 million to accelerate drilling activity and prove up reserves on leases as a result of strong trading performance and increase in new well proposals Outlook * New wells due to come into production in Q2 2014 - several with higher than average interests including the Parmley 1-1WH well * Further participations in new wells and infill drilling with leading operators expected * 240% expected increase in full year revenues to approximately US$2.4 million, in line with market expectation, with full year EBITDA expected to be ahead of market expectations * On-going lease acquisition and management activity in line with strategy to grow and diversify portfolio * Updated Reserves Report (`CPR') to be issued in Q2 2014 - to include estimates for the Company's average production rates and PDP reserves * + Reserves estimate covers approximately 5,500 net acres out of total of over 13,500 in proven formations, such as the Bakken/Three Forks Sanish, North Dakota, and the Mississippi Lime, Woodford, Oklahoma Magnolia COO, Rita Whittington said, "During the quarter we added 29 new wells at various stages of development to our US onshore focussed well inventory. As well as interests in 151 producing wells, a further 16 are being drilled or completed and 46 waiting to spud. Thanks to our excellent drilling success rate and a higher proportion of lower risk infill wells being drilled on already producing leases, our 62 wells undergoing development or waiting to spud represent a strong pipeline of future revenue growth, on top of the 240% increase for the year ended December 2013. "With operators such as Devon Energy increasingly looking to drill eight wells per spacing unit in Oklahoma targeting the Mississippi Lime and Woodford formations, we are confident our well count will continue to rise strongly. In line with our strategy, the higher production and associated revenues, together with our increased credit facility, will fund further drilling activity on our leases as we continue to systematically prove up the reserves on our 13,500 net mineral acres in proven US onshore formations." Well Developments The full list of well developments occurring in the quarter is set out below. Well Formation Status NRI % Operator Parmley 1-1WH Mississippi Lime, Undergoing 12.187 Devon Energy Woodford, fracture Oklahoma stimulation Blaser 1-10H Mississippi Lime, Producing 9.375 Cummings Oklahoma Linda 1-4 Wilcox, Oklahoma Producing 9.375 MT. Dora Voise 1-24WH Mississippi Lime, Drilled and 6.4 Devon Energy Woodford, awaiting Oklahoma completion Peters 1-27H Woodford, Waiting to spud 4.2 Paul Gillham Oklahoma Marion 1-23HW Woodford, Completing 4.1 Devon Energy Oklahoma (formerly ?1-23HW) Rothermel 2MH Mississippi Lime, Waiting to spud 4.1 Devon Energy Oklahoma Jimmy1-28H Woodford, Waiting to spud 3.0 Red Fork Oklahoma Bolay #1-19HW Woodford, Undergoing 2.059 Devon Energy Oklahoma fracture stimulation SPS Lucy 1-14H Hunton, Oklahoma Waiting on IP 1.562 Paul Gillham rates Giles 1-6H Mississippi Lime, Producing 1.22 Red Fork Oklahoma Skunk Creek Three Forks Drilled and 0.675 Kodiak 4-8-17-13H3 Sanish, North awaiting Exploration Dakota completion Skunk Creek Bakken, North Waiting to spud 0.675 Kodiak 4-8-17-13H Dakota Exploration Skunk Creek Three Forks Waiting to spud 0.675 Kodiak 4-8-17-14H3 Sanish, North Exploration Dakota Skunk Creek Bakken, North Completing 0.675 Kodiak 4-8-17-14H Dakota Exploration The Company only provides details and updates for wells in which it has a working interest of 1.5% or more. The Summary of Wells table at the end of each release includes all wells in which Magnolia has an interest and is updated as and when a change in status occurs for all wells. The four Skunk Creek wells are included due to their combined costs and being located in North Dakota. Participation in new wells Well Name Targeted Formation Operator Magnolia's WI/ Net Cost to NRI Magnolia Rothermel Woodford, Oklahoma Devon Energy 5.41%/4.1% US$190,594 1-3WH Cummings Mississippi Lime, Chesapeake 4.18%/3.34% US$141,648 31-28-12-1H Oklahoma Energy Commencement of production Well Name Targeted Operator Gross IPR Magnolia's Net IPR NRI Formation Giles 1-6H Mississippi Red Fork 122 boepd 1.22% 1.5boepd Lime, Energy Oklahoma * * ENDS * * For further information on Magnolia Petroleum Plc visit www.magnoliapetroleum.com or contact the following: Steven Snead Magnolia Petroleum Plc +01 918 449 8750 Rita Whittington Magnolia Petroleum Plc +01 918 449 8750 Jo Turner / James Caithie Cairn Financial Advisers LLP +44 20 7148 7900 John Howes / Alice Lane / Northland Capital Partners +44 20 7796 8800 Luke Cairns Limited Lottie Brocklehurst St Brides Media and Finance Ltd +44 20 7236 1177 Frank Buhagiar St Brides Media and Finance Ltd +44 20 7236 1177 Notes Magnolia
30/7/2013
12:30
r g fletcher: So whats happening with the MAGP share price today ...anyone ?
30/7/2013
08:50
chrisatron: Always thought you were an alright bloke on LSE. I remember you having an unfavorable opinion about my post last year after I suggested MAGP holders reduce their holding at 4.75p +, but that was just your opinion and that's what these forums are for. Yes I ramped the socks off magp last year, but also tried to prevent people getting spiked at the top as it was not a good idea IMO to suggest that buying should continue at those levels. There will come a time when MAGP are worth every penny of 5p and much higher as time goes by, but last year was purely hype to show the potential for this company to grow. Ramping is the PR of the bb. You make your own choices and should always DYOR despite what is said on these forums as they are just guidelines for new investors to get an indication as to what the company and business model is about . I think MAGP are better and stronger than when they peaked, but in terms of the share price, it got way ahead of itself. From here, we have a true picture of where the company is, with a 300% increase in share price since inception. The growth is evident and these Jake wells in particular will make an enormous difference to the revenues, enabling MAGP to step up to the next level, which I would like to see translated as higher Bakken participations.We could argue about the pros and cons, but IMO MAGP will prove to be an excellent in vestment for people with sub 3p averages. The company is accelerating revenue growth through the Jakes and this will obviously lead to the company achieving its goal of higher WI participations. My hope is that the main focus is the bakken, with statoil and marathon, with less emphasis on the smaller Mississippi wells.
30/3/2013
12:57
colinvest: UBS' Weiss credit-rating is a "D", just slightly better than the "D-" of the Cyprus banks! People may not know of the UBS Weiss-ratings, but Weiss are totally trustworthy and 'THE' top ratings' agency. They are 'private' and not influenced by 'vested-interests'. So earlier postings about UBS being 'in trouble' are pretty near the mark, and it is no wonder that they need to liquidate as much tangible security as possible in the most orderly way, - i.e. to dump 130 million shares in one go at a later date would create havoc with the MAGP share price, and indeed with any other company holdings they might have. So hopefully there are not many more shares for UBS to liquidate in MAGP, like 2-million earlier this week at 2.88p, before which the spread-betting quote was 'telephone-only'. With the selling pressure off, the share price has more of a chance to be re-rated on Rita's recent announcements. Hopefully any one of North Korea's nuclear missiles is not aimed at the Bakken, which, IF it reached that far, would have negative implications on all companies with interests in that area ... so here's hoping that the Fat Paranoid Prat, Kim Jong Un, will be taken out sooner that later, so that 'normal service can be resumed' ...!! Happy Easter ...!
Magnolia Pet share price data is direct from the London Stock Exchange
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