Hi all welcome aboard Darling buds , yes it would appear that our total well participations have swollen from 189 to 210 excellent news if correct with 14 drill / completions and 42 waiting spud.
I suspect the percentage interest (NRI) is a factor as if below 1.5% will not be notified by RNS most of the recent participations are in that category and we know that the CLR Sympson unit have added 3 wells probably with rights, others are also possible with Marathon and NFX.
It seems that we are progressing with WTI @ $54.72 Positive +0.73 +1.35% today we should be making dollars at circa $20 per barrel from a $32 - $33 break even, but the usual question as pointed out by Bakoven, are the funds flowing in ?.
The resignation of Thomas seems to have had no effect either way today, hoping he retains his shareholding for a better return in the future and will probably pick up more for his recent role to end of March good luck to him in his other pursuits. GLA
Basically Smidsy, it means no investors/traders have much interest in the good ship Maggie at the moment as its adrift! However, as we LTH's all know, when the wind gets back in her sails and she moves, she moves very quickly! Can't help feeling MAGP will be a success and that we will look back and not believe it was only 0.10 to buy. GLA
Mr. Ronald Sanford Harwood is Non-Executive Director of Magnolia Petroleum PLC. Mr Harwood graduated in 1957 from Wharton School of Finance and Commerce, University of Pennsylvania, with a Bachelor of Science degree in Economics. During the course of his extensive business career, he has had active involvement in originating and developing projects in a wide range of sectors, mainly in oil and gas exploration and production (since 1981) but also in financial and business development services, telecommunications, computer software, power generation and specialty chemicals. Mr Harwood has had active involvement in originating and developing projects in oil and gas exploration and production since 1981. He founded Bellwood Petroleum Corporation in 1985, Bellwood Petroleum LLC in 2007 and Colony Petroleum, LLC in 1990. Colony, an oil and gas investment fund, secured US and international investors to participate in oil and gas exploration and production ventures originated and operated by American and Canadian independent oil and gas companies.
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