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Magnolia Pet Share Chat (MAGP)

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Share Price: 0.185Bid: 0.18Ask: 0.19Change: -0.035 (-15.91%)Faller - Magnolia Pet
Spread: 0.01Spread as %: 5.56%Open: 0.22High: 0.22Low: 0.185Yesterday’s Close: 0.22


Share Discussion for Magnolia Pet


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Robsky
Posts: 3,867
Off Topic
Opinion:No Opinion
Price:0.185
RE: smidsy
Today 16:32
Jeez Rich the POO is, well poo but the weather is good lol where on this planet are you ?, it is raining cats and dogs here.....I blame Smidsy he brought it up from down south lol ...and Maggs is diversifying into more gas to sell to the locals hope that works out well. yeah there is still the whisky hic.. hic....hic
 
Poacher886
Posts: 1,519
Off Topic
Opinion:No Opinion
Price:0.185
....
Today 16:29
A drop of this magnitude on zero news, must mean news is on the horizon. I've been adding here and there myself, this bargain price is doing wonders for my long standing average!
smidsy
Posts: 4,552
Off Topic
Opinion:No Opinion
Price:0.185
Reds and Blues
Today 16:28
Change most of the reds for blues and we show a fair day today. If the momentum is kept up tomorrow and onwards then I will be a very happy bunny.
smidsy
Posts: 4,552
Off Topic
Opinion:No Opinion
Price:0.185
Don't forgrt Thomas
Today 16:24
He was brought onboard for a reason but so far he has been rather quiet.
I am hoping that for the past seven months he has been busy with a super duper plan that will please everyone.
smidsy
Posts: 4,552
Off Topic
Opinion:No Opinion
Price:0.185
From Robsky's link
Today 16:19
November 05 2015

Magnolia Petroleum CEO says diversification and cash generation key

Newswire

November 04 2015

Magnolia Petroleum's ten well drill programme begins

Newswire

October 16 2015

UPDATE - Magnolia Petroleum switches on the gas

Newswire

September 28 2015

Magnolia Petroleum seeing excellent progress on the ground

Newswire

August 25 2015

Magnolia Petroleum says it is still cash generative and profitable

Newswire

July 28 2015

Magnolia Petroleum to re-invest in other wells

Newswire

July 13 2015

Magnolia Petroleum on course to bolster reserves

Newswire

June 30 2015

Magnolia Petroleum welcomes experienced E&P man to board

Newswire

June 25 2015

Magnolia Petroleum chief exec Snead toasts “excellent momentum”
RICH3R
Posts: 7,609
Off Topic
Opinion:No Opinion
Price:0.185
smidsy
Today 16:17
Single malts?? Mmm nice :-p

But it doesn't do to upset one's better half lol or you could find your assets painfully cut off !!!

:-/

Who knows what will be in any forthcoming report from Maggie?? But until we see a recovery in the POO, I can't honestly see much headway being made and I noted earlier on today that POO had once again fallen below $30 a barrel.

Sheesh........

At least the weather's nice here....hahaha :-)
Robsky
Posts: 3,867
Off Topic
Opinion:No Opinion
Price:0.185
RE: When
Today 16:08
The lease holding( HBP ) well at the Sympson 10 well project is the Sympson 1-6H which tested on 16 August 2013 location 34.681992 -97.666911 Garvin Ok section 31 3N 4W. these will add to the existing 103 producing wells on magnolias leases, most of the new wells have now spud with completions due in March.

Magnolia Petroleum says it's balancing its energy product and diversifying revenues with the participation in ten new gas wells in Oklahoma.

They will be drilled alongside operator Continental and target the proven Woodford formation at a total cost to Magnolia of an estimated US$590,000, with its net interest in each well 0.525%.

The 10 wells form part of Magnolia’s strategy to more evenly balance its oil/gas product mix which currently stands at 56%/44%, it said.

The oiler noted that gas markets have local supply and demand dynamics which tend to be independent of global oil prices, which are under pressure.

Rita Whittington, its chief operating officer, said: "With production already established on the leases, these new increased density wells represent low risk opportunities to rapidly increase production, maximise recovery rates on individual spacing units, and upgrade reserves to the proven developed producing category."

She highlighted that the company had built a portfolio of 203 producing wells, split 56% oil and 44% gas, in which its average interest is approximately 3%.

"Increasing our gas production ought to be viewed with risk management in mind. Due to gas markets being more local than oil, this move will further diversify our revenues."

She added the firm remained highly confident that its producing well count will continue to grow strongly over both the short and long term.

"In line with our strategy, revenues generated from production are reinvested into new wells to prove up the reserves on our leases.

"These were recently estimated at 873 Mbbl of oil and 2,454 MMcf of natural gas and valued at US$20.88 million, providing Magnolia with considerable asset backing, particularly when compared with our current market capitalisation.”

http://www.proactiveinvestors.co.uk/companies/news/111466/magnolia-petroleum-balances-product-mix-with-10-new-wells-111466.html
smidsy
Posts: 4,552
Off Topic
Opinion:No Opinion
Price:0.185
oilmagnet
Today 16:06
I was testing to see if you were awake. I know it was your dog that went missing. lol
Mrs. smidsy kept telling me that drinking Malt in the amounts that went down my neck would not be good for me. It looks like she was right.
oilmagnet477
Posts: 3,854
Off Topic
Opinion:No Opinion
Price:0.185
Smidsy
Today 15:56
Thanks for your efforts mate, but if you were looking for Robsky's dog it's no wonder you didn't find it!
smidsy
Posts: 4,552
Off Topic
Opinion:No Opinion
Price:0.185
When
Today 15:23
We eventually receive the long overdue reports do we expect a better report than last year or will it be 'doom and gloom'. Does anyone have a view of the current situation?




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