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Magnolia Pet Share Chat (MAGP)



Share Price: 1.125Bid: 1.10Ask: 1.15Change: 0.00 (0.00%)No Movement on Magnolia Pet
Spread: 0.05Spread as %: 4.55%Open: 1.075High: 1.125Low: 1.05Yesterday’s Close: 1.125


Share Discussion for Magnolia Pet (MAGP)


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foggy100
Posts: 1,166
Off Topic
Opinion:No Opinion
Price:1.13
Undervalued
Wed 23:46
MAGP has proven leadership and a Pipeline (sic) of wells queued up on the runway with increasing Net Interests. We are due some big results before the year end. Funding is not an issue. Not a placing in sight. Directors are results driven and paid by same . We are profitable and Wells coming on line consistency outpace any decline rates by some margin.. Our studiously acquired landbank has inreased in value. In fact some of it was recently sold off for 3x original price.
This is unlikely to catch fire overnight but by the same token will not colapse either. SP has declined however from 5p (ish) to todays current SP probably due to some extent to early hype.
Now , however I believe it should be a case of a steady climb ( in AIM terms) back to a decent and reasonable SP .
Of course the Oil price is important , but our net cost per barrel is exceptionally low and whne everyone in th epress talks about depressed prices and it is common knowledge I suggest that it is time to look the other way .
Out of the thosands of companies on AIM, this has to be one of the safer one's right now , with great potential.
Rita (RFW) is all about bulding up and selling on DYOR.
Night night , have to work tomorrow....Zzzzz
 
bakoven
Posts: 3,568
Off Topic
Opinion:No Opinion
Price:1.13
Robsky
Wed 23:29
Offhand, I'd say based on some evidence that SOS/RFW still have an ace to play. Often wrong though, so I'll wait to see if they do something about it.
Logging off.
Robsky
Posts: 3,151
Off Topic
Opinion:No Opinion
Price:1.13
View Thread (2)
RE: foggy
Wed 23:14
stupid machine posted before I added a 25% guestimated decline rate so

say 400 x 19 x 3.2% = 243.2 + 88 = 331.2 less decline of 25% of 331.2 say 83BOED

331-83 = 248 add to existing 257 = 505 BOEPD approx. all IMHO lol and conservative

and does not include any of last years wells that a in progress DYOR
Robsky
Posts: 3,151
Observation
Opinion:Strong Buy
Price:1.13
View Thread (2)
RE: new kid on block
Wed 23:06
Magnolia are participants in the Cox 1-29 Crown energy well still waiting on spud @ 2.19% NRI when the heck are these guys gonna drill this well cost us U.S $85,000

Very clear and interesting video on pooling Baks cheers, I think the rest of the crew are still watching it.
RICH3R
Posts: 7,384
Observation
Opinion:No Opinion
Price:1.13
View Thread (2)
foggy
Wed 23:02
Its good to see you posting, we need lots more posters posting and generating interest. If Rob has a 500 hunch ill go with 425
bakoven
Posts: 3,568
Off Topic
Opinion:No Opinion
Price:1.13
View Thread (2)
new kid on block
Wed 22:41
http://www.crownec.com/investment-prospects

I shall check the above occasionally to see how they are getting on in Garfield, Logan, Noble, Payne and Pontotoc.
Robsky
Posts: 3,151
Observation
Opinion:No Opinion
Price:1.13
View Thread (2)
RE: BOEPD
Wed 22:32
IPR's reported this year on 2014 CAPEX wells is 88BOEPD a further 19 wells at average 3.2%NRI all OK wells the last 2 reported average of 447BOEPD

say 400 x 19 x 3.2% = 243.2 + 88 = 331.2 less decline
bakoven
Posts: 3,568
Off Topic
Opinion:No Opinion
Price:1.13
nitty-gritty
Wed 22:23
Goeie aand, menere en mevroue.
Like others, I have gone well beyond original stakeholder limits set. There are many more side issues to examine before plunging into further MAGP commitment. None of them can be regarded as a stroll in the park. The industry is very complex. We are fortunate to have two captains who know the oil business inside out.

I have previously made a brief reference to division orders and forced pooling. They influence the many lease interests the company already holds, and will shortly increase. The video link gives a clear idea on the latter. (Don't close the link when reaching the end as a series of windows appears on related subject matter.)

http://rafiusa.org/issues/landowner-rights-and-fracking/video/?gclid=CM-pw96KwcECFdTLtAodeF8AHw

SOS, I believe, mentioned 200 producing wells as an objective. It might be an interim step only. Toklan Oil & Gas, a private company, has 580 producing wells. They function, apparently, along similar lines. They have also gone the same route with mortgage arrangements, presumably to secure working capital. After being caught out on the wrong end of the 2008 banking crisis, their present status seems to be on an even keel.

Commerce Bank, Stillwater(?), has undertaken a number of mortgage arrangements similar to the one with MAGP. It is now noted that the recent collateral is not the first as a similar step was taken in 2013. As far as I can make out the eleven lease parcels mortgaged at that time have now been made good. They are notarised as "REL", which is interpreted as released/relinquished, with MAGP denoted as grantee.

We don't have much to go on insofar as available cash for reinvestment is concerned. Well participations for 2014, amounting to somewhere near $4m, is fair going . . . particularly if the bulk of it has come via receipts.
foggy100
Posts: 1,166
Off Topic
Opinion:No Opinion
Price:1.13
View Thread (2)
BOEPD
Wed 22:12
315 by year end
Any one else care to have a go ?
Robsky
Posts: 3,151
Observation
Opinion:Strong Buy
Price:1.13
View Thread (2)
RE: ps
Wed 22:08
Rich I wish I could have got my poxy holding at that price I would now own 0.43% of the company but yes a few buys like that will increase demand.

Foggy all will add to the turnover and value of Magnolia and will increase demand for the share and therefor the SP will increase pro rata.



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