Thanks for the honours L1 (and jr) and glad you have managed to get your required holding back, full steam ahead then unless there are any other stragglers. jr good finds, it would appear that positives are now being banded around the market press etc long may it continue might take a few more if we hang here any longer lol
http://www.proactiveinvestors.co.uk/columns/northland-capital-partners-view-on-the-city/17141/northland-capital-partners-view-on-the-city-magnolia-petroleum-quarto-group-union-jack-oil-and-txo-plc-17141.html Thought there would be a lot more coverage of production cost under $30/ barrel.
Well done getting your holding back L1 hopefully it's not just your buying that has given us a bit of blue. Agree with what you say about rob and baks. Post rec.
Just refilled the last of my Eggs that I gave up in August - slight loss but a) still a CGT saving and b) was surprised we got anywhere near back to these levels after the mid-August production update rising to 250bopd. Delighted to be fully loaded once again and will sit back and wait for the success to flow in - literally. Great research that you and Baks have been continuing as always - best posters on any board imo. Slightly scary to find that I now have nearly 4m Mags spread over my ISA, Personal Fund and SIPP so when we hit the 5p levels again, things will be very interesting! In Maggie we trust!!
More press news
Hopefully Monday will be a response to snippets in the papers over the weekend. The Independent Sunday 19 October 2014 Market Report: City puts a turbulent week behind it Magnolia Petroleum climbed 0.07p to 1.15p after announcing that two more wells in the US have begun production and revealing that its production costs are less than $30 per barrel, an unusually low figure that gives it slack to deal with low oil prices. http://www.independent.co.uk/news/business/sharewatch/market-report-city-puts-a-turbulent-week-behind-it-9803323.html
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