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Is the Bull Market over? Andre Minassian says no! Watch here

Is the Bull Market over? Andre Minassian says no!


Magnolia Pet Share Chat (MAGP)



Share Price: 0.1025Bid: 0.095Ask: 0.11Change: -0.0025 (-2.38%)Faller - Magnolia Pet
Spread: 0.015Spread as %: 15.79%Open: 0.105High: 0.105Low: 0.0925Yesterday’s Close: 0.105


Share Discussion for Magnolia Pet


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Guidedog7
Posts: 845
Off Topic
Opinion:No Opinion
Price:0.1025
OPEC and Friends Agree
Sun 22:08
 
Guidedog7
Posts: 845
Question
Opinion:No Opinion
Price:0.1025
2017 Invest in Gas Stocks
Sun 17:48
http://www.fool.com/investing/2017/01/21/why-2017-is-the-year-to-invest-in-gas-stocks.aspx

Will Continental Resources make any announcements this week as they stated their Q4 this time last year.
Hopefully they can help us more in the gas / oil fields. Up the SP etc.
Carlisle38
Posts: 107
Off Topic
Opinion:Buy
Price:0.1025
View Thread (3)
Trump will make MAGP great again!
Sun 11:16
😄
riddler
Posts: 79,587
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.1025
Robsky
Sun 08:04
Thanks so muxh mate
riddler
Posts: 79,587
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.1025
Rich
Sun 08:00
Totally agree..huge gap up to 0.15/2p if 0.11p breaks and reserves update due
NAV was $7.2mln in Jan 2016 based $30 POO
NAV should be $10-12mln in Jan 2017 on $$55
Guidedog7
Posts: 845
Off Topic
Opinion:No Opinion
Price:0.1025
Oil Cuts Deeper and Faster
Sat 20:29
Hi RICH3R just hope Mr T holds to his words and makes it work for all of us !
More wells!!! Oil / Gas must hold up to the new market pressures

https://www.bloomberg.com/news/articles/2017-01-21/opec-russia-say-oil-cuts-are-deeper-and-faster-than-expected
Robsky
Posts: 4,297
Off Topic
Opinion:Hold
Price:0.1025
Completion
Sat 18:05
GRADY COUNTY

Marathon Oil Company
11 3N 6W Michelle Abel 1-11-2xh, October 26, 2016
HH, GAS, TD: 23656 ft
Lat: 34.74032, Long: -97.79222 API: 35051240370002

As confirmed on the last RNS multi unit now producing IPR was 2331.85 BOED from Springer circa 3 BOED to Magnolia a higher NRI would have been nice.

GLA
Robsky
Posts: 4,297
Off Topic
Opinion:Hold
Price:0.1025
View Thread (2)
RE: Robsky
Sat 17:16
Hi Riddler hopefully yes yes yes, but only BOD or wee Brooke know the current lease, acreage and well position, I had a good handle on the state of play at one point but now short of information given recent events.

Well participations under 1.5NRI are not notified by RNS so are unknown and that includes the latest 10 Clr wells at 0.53% and also the added 3 new Sympson wells (where I believe we have right to participate but undeclared as yet).

It would be interesting to know when Devon and other operators sold out their shared positions to others did we (Magnolia ) retain our interest or sell accordingly, might be a mix of both, assuming new operators would want maximum ownership.

As already mooted for example Whitestar seem to have reduced production on the Logan wells therefore creating cashflow reduction for MAGP, these 10 wells Marions, Lemmons and Rothermels were 4%NRI earners so not insignificant at near $200k per well (circa $2mil) investment, I also noticed that Mechanics Liens were taken out at the time of the takeover to protect our investment, this would will have been magnified given other take overs in our wells of interest.

Consideration might have been taken at the time to monetise these assets and concentrate on new acreage in more prolific areas, if so this has not been reflected in the leasing position or the fact that we had an issue placing at 0.1p to raise funds, we need to trust that the management knows best.

While production is not the main purpose of MAGP, cash flow and production is required for re-investment of the income after expenses to prove up land on our acreage through drilling and therefore increase our oil and gas reserves .

GLA

All IMHO DYOR

RICH I like kissing but not retracing lol ....I was hoping the rhetoric surrounding trump and the America coming first will encourage the use of home grown oil and less importing to the US that would help our case however the POO is a world commodity so who knows ? also it looks like the UK will become a larger purchaser of gas from USA.

"Whether the optimistic outlook permeating the energy sector is more cautious or full-speed ahead will become increasingly clear in the coming weeks as operators unveil their year-end earnings results and, more important, their spending plans for 2017"

.http://www.naturalgasintel.com/articles/109119-north-american-eps-ofs-sector-likely-to-report-substantial-investments-higher-pricing-say-analysts




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