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Ariana forecast 47% rise in Kiziltepe gold production


Magnolia Pet Share Chat (MAGP)



Share Price: 2.55Bid: 2.30Ask: 2.80Change: -0.05 (-1.92%)Faller - Magnolia Pet
Spread: 0.50Spread as %: 21.74%Open: 2.60High: 2.60Low: 2.55Yesterday’s Close: 2.60


Share Discussion for Magnolia Pet


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smidsy
Posts: 5,485
Off Topic
Opinion:No Opinion
Price:2.60
RE: RE: Oil $100
Today 08:30
Morning maggots and you too Robsky.
I agree with Robsky, Rita has a good track record to date and I believe successful with her previous projects (five from memory) and she has taken on MAGP with a view of giving it to her grandkids when the time is right.

GD7 I hope that you don't think that I was trying to steal your thunder in posting the article re $100 oil but you seem to have lost your direction in giving us a daily bulletin and after several years and taking on one or two numpties to protect your posts it seemed a little sad that our BB should be left neglected. But, please resume your daily posts but leave out the bad news. :-))
 
Robsky
Posts: 4,588
Observation
Opinion:Hold
Price:2.55
RE: RE: Oil $100
Today 08:05
Morning GD buyback! I have been saying that for years but they not listening lol...not giving up yet though , the outlook is better and She has a lot to prove in terms of reputation to colegues, WED and the Oil market in the US as well as LTHs. GLA
Guidedog7
Posts: 1,410
Off Topic
Opinion:No Opinion
Price:2.60
RE: Oil $100
Today 07:12
Morning Robsky

Thanks for update perhaps the BOD and Rita may be able to show the market some confidence by putting their hands into their pockets and buying some shares at this price! or even create a buy back to reduce the number of shares in the market place.
Robsky
Posts: 4,588
Off Topic
Opinion:Hold
Price:2.60
RE: Oil $100
Sun 23:34
Aramco is due to go on public offer IPO, Saudi requires the top price for this asset and will therefor push up the price of oil where possible.

2015 saw the oversupplied oil market even more oversupplied by Saudi in an attempt to bankrupt the shale revolution in the US which failed IMHO, they also cut production to create a bounce from $30 barrel.

Foreign reserves have been used to bolster the Saudi economy for years now so even more important for them to keep the oil price high by controlling supply and reaping the rewards of the increase in POO.

Maggie looks to have suffered badly along with its shareholders some 90+% down with serious lack of regular meaningful information which has not helped, regrettably killing off some of the LTHs this needs to improve with the promise of a full list of well developments provided in due course.

Moving into positive cashflow with an increasing POO should be reflected in the previous $4m reserves as at 1 Jan 18 and therefor improve the value of Magnolia eventually.

All IMHO DYOR GLA
Robsky
Posts: 4,588
Off Topic
Opinion:Hold
Price:2.60
RE: Oil $100
Sun 22:33
Smidsy the outlook for oil is good

BOD " Following the rise in the price of oil, the Company is producing positive cash flow from its existing operations and this is expected to increase further since revenues lag oil prices by a number of months. "

Just wish they would get a wiggle on like you old boy I am getting older WTI @ $68

http://www.proactiveinvestors.co.uk/companies/rns/3768/PRNRNS_201804160615PR_NEWS_UKDISCLO_0044
Robsky
Posts: 4,588
Off Topic
Opinion:Hold
Price:2.60
leases
Sun 22:11
Evening all a positive further increase to lease holding in Dewey co signed 16 April and 19 April

S22 T19N R18W N2 NW
S22 T19N R18W SW NW
S22 T19N R18W NW NE

and S23 T19N R18W SE

Assigned to MAGP from Murray street investments and Black River as pointed out on 3rd April this acreage contains the producing oil well SINCLAIR 14/11-19-18 by Tapstone Energy this well tested on 9 Oct 17 at in IPR of 229 BBL and 2277MCF per day from the Mississipian and is a muti unit and the BARTENBACH 2215-19-18 1H .
smidsy
Posts: 5,485
Off Topic
Opinion:No Opinion
Price:2.60
Oil $100
Fri 08:39
MrEnglish
Posts: 1,111
Observation
Opinion:No Opinion
Price:2.75
View Thread (2)
Don't over look this line
Thu 08:54
from the recent update

Reserves Report does not include proved shut-in, proved undeveloped, probable and possible reserve classes as well as Magnolia£s interests in undeveloped acreage.

Basically what this is saying is that once the oil price hits a certain level the operators, over whom we have no control as a small percentage player, will reopen the taps. This will provide an instance uplift in both day to day income and reserve value. We no idea however what percentage of MAGPs holdings are currently 'shut in'.
leftie
Posts: 45
Off Topic
Opinion:No Opinion
Price:2.75
RE: Oil near late-2014 highs
Thu 08:46
Crickey, the oil price is flying. Its shot through any rsistance that has been there over the past few months at around $66 and is now touching $69.

increased oil receipts over the next few months should help if we can cobble any money together to drill a few more locations.

Moreover, what is our plan now? Is it still to prove up land to sell, or is it to drill Oklahoma locations?
leftie
Posts: 45
Off Topic
Opinion:No Opinion
Price:2.75
RE: Whittington
Thu 08:11
I doubt it. I think as the RNS states she is hamstrung by a lack of working capital. The bank loan will presumably be frozen so the day to day cash will be from any profit from existing operations, which thanks to our working interest despite having hundreds of wells in out portfolio will only amount to effectively a couple of wells output.

If you look at NTOGs performance since last summer it does suggest that actually drilling these lovely leases we have got all this data on will generate a lift in the SP and hence build a mid-tier oil company. Something there is no sign of with the current management, despite the promise of all this WED cash. Sadly the companies history with 100% working share wells is not good.




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