Member Info for sunbed44

Love the comment........................................I am confident my AIM PF will do well after weeks and weeks of research. Am in 7 at the mo and looking at 2 more at the mo PMG and BAO. My current 7 are WRES, NTOG, QFI, RRL, SOU, NCT and MAGP with a total amount of shares approaching 20m. I keep switching my favourites in my mind but at the moment they are WRES and SOU............................Expecting news on all 7 very soon and quite excited about seeing the imminent CPR due out next week from MAGP.............

Appreciate your posts as they are very good. Don't have much time to post on here (or anywhere else at the mo). However, still hold quite a few here (several M's). Also heavily in to 6 others, WRES, NTOG, NCT, SOU, QFI and RRL. Closely following PMG and BAO. SOU is the biggest holding in £'sand expecting to see 16p this year. Still quite confident with MAGP and was my best bet a while ago but there are better AIM shares around at the mo. When they get to 5p again I will be selling around 2.5m and moving it elsewhere. Spookily my average is 2.94p at the mo, more or less exactly the current sell price at the mo. Oh and by the way "C" knows who he is and I would not trust him with a ...........I just feel sorry for the less experienced investors on these boards who will be making their decisions o his posts. Very much reminds me of PB over on VOG. PS looking forward to the CPR on here (hopefully) next week.

Come on mate we need you back posting. There are some really good guys on here like iam, rich, celtic, oilman and few others. C getting boring and needs new material, he also playing games on other boards. Deffo a selfish ramper and not a team player at all.

Company News

Magnolia Petroleum (LON:MAGP)

On Friday, Magnolia Petroleum announced that the Helgeson 41-30H well, a horizontal well operated by Marathon Oil targeting the Bakken formation, North Dakota, saw drilling begin on 4th February 2013. Magnolia currently holds a 5.428% working interest and a 4.071% net revenue interest in Helgeson. The projected total cost of the well is US$8.56m of which Magnolia’s contribution is US$464,745. The company added that drilling is underway at the BB Rice #2 and BB Rice #3 wells, operated by Hess Corporation, in highly prospective Bakken region of North Dakota.

The Nighswonger Farms 2815 1-13H (renamed Paul) well in Mississippi Lime, operated by Slawson Exploration in Oklahoma is also being spudded.

Our view: Magnolia Petroleum’s latest drilling at the Helgeson 41-30H well further builds on the momentum created last year when it substantially increased its acreage and the number of potential drilling locations across proven onshore formations in the US. Since the start of 2013, Magnolia has seen a rapid increase in production rates. The Walker well in Oklahoma, where Magnolia holds a 1.11% working interest and 0.83% net revenue interest, saw gross initial production of 17 barrels of oil equivalent per day (boepd). Production has also begun at the Longfellow Energy-operated Beebe 24-W1H horizontal well in the Woodford formation, which has revealed a gross initial production rate of 73 boepd. In Montana, following Magnolia’s purchase of 7,886 net mineral acres in the state, Apache Corporation has acquired around 300,000 net acres in Daniels County to prepare for drilling activity. Magnolia believes the region has the potential to serve as a significant addition to the production from the prolific Bakken formations. Over the last twelve months, Magnolia has acquired over 4,300 net mineral acres in Oklahoma, and continues to participate in drilling wells to shore up its reserves. The company boasts of a strong pipeline of opportunities both as participant and as operator, with around 600 potential drilling locations on existing acreage. Given the increase in the number of wells that are due to come on stream in 2013, many of which are materially larger interests, Magnolia is likely to see revenues and the value of its reserves increase. We remain optimistic the company will witness a period of sustained growth, and thus maintain a Speculative Buy rating.