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Fund Manager Chris Bailey talks about an opportunist 2017 for investors Watch here

Fund Manager Chris Bailey talks about an opportunist 2017 for investors


Magnolia Pet Share Chat (MAGP)



Share Price: 0.095Bid: 0.09Ask: 0.10Change: 0.00 (0.00%)No Movement on Magnolia Pet
Spread: 0.01Spread as %: 11.11%Open: 0.095High: 0.095Low: 0.095Yesterday’s Close: 0.095


Share Discussion for Magnolia Pet


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Robsky
Posts: 4,292
Off Topic
Opinion:Hold
Price:0.095
RE: RNS
Today 11:41
Morning all, Disco sharing your sentiment and lack of excitement, on balance a few buys look to have been generated and not the usual sell of and drop on the SP although it is early days yet.

The Michelle abel well completions are not in as yet so Rita probably can't say until Marathon divulge this info however Marathon wells in Grady Wheeler 1-6XH produced 707 BOED and Nekiah1-18XH produced 988 BOED at circa 50% oil from the woodford the Michelle is a Springer,morrow,missi well so might surprise us.

Like jr glad to see we are still in the game even with the muted RNS. GL
 
discopablo
Posts: 2,540
Off Topic
Opinion:No Opinion
Price:0.095
RE: RNS
Today 10:56
that's two emotions not wo emotions!
discopablo
Posts: 2,540
Off Topic
Opinion:No Opinion
Price:0.095
View Thread (5)
RNS
Today 10:55
Like very many here, I am quite heavily invested in MAGP.

I must say I am feeling wo emotions this morning.

On the one hand I was pleased/ relieved to see the flashing red dot when my alarm went off. The fact that the Board are still alive is surely a good thing.

However, on the flip side, I am quite frustrated. The RNS is little more in my opinion than a copy and paste effort. In my opinion it falls short in commensurate terms of the pain and patience that long term holders are having to experience.

Sorry - that's the way I feel! How about something new BoD? Time to change the format of your quarterly updates at the very least to show the market and shareholders that you are not just regurgitating the same old stuff because you feel you should.

Best of luck all!
jr71
Posts: 1,149
Off Topic
Opinion:No Opinion
Price:0.095
RE: RE: MAGP outlook !
Today 08:51
More than daggers glad to see the bod are still functioning.......
Guidedog7
Posts: 836
Question
Opinion:No Opinion
Price:0.095
Onshore activity is on rise
Today 08:45
http://www.proactiveinvestors.co.uk/companies/news/171661/magnolia-petroleum-says-onshore-activity-is-on-rise-in-us-171661.html

So any guesses on Market Cap on results of Updated Reserves Report as at 1 January 2017 ???
RuleofThirds
Posts: 364
Off Topic
Opinion:No Opinion
Price:0.095
View Thread (2)
Under 1p?
Today 08:05
Not invested here and no knowledge of this company but 153 producing wells and a share price of under a penny .... really?
smidsy
Posts: 5,029
Off Topic
Opinion:No Opinion
Price:0.095
View Thread (2)
RE: MAGP outlook !
Today 08:04
The message I am seeing is that the BOD are confident with the eventual outcome for Maggie. To have plans to start drilling under today's market restraints to me shows that they are sure of their success.
I have no plans to move elsewhere, I am sticking with MAGP and I can see daggers1 being a little more relieved on the back of todays RNS.
NMH19
Posts: 6,090
Off Topic
Opinion:No Opinion
Price:0.095
Rns
Today 07:15
No mention of bopd ??? But they seem upbeat ....
Guidedog7
Posts: 836
Off Topic
Opinion:No Opinion
Price:0.095
MAGP outlook !
Today 07:10
Outlook
New wells due to come into production in Q1 2017
Participation with leading operators in new wells and infill drilling which are commercial at lower oil prices
Updated Reserves Report as at 1 January 2017 due in the near-term
On-going lease acquisition and management activity in line with strategy to grow and diversify portfolio
Guidedog7
Posts: 836
Off Topic
Opinion:No Opinion
Price:0.095
Q4 results RNS so up or down
Today 07:04
Magnolia COO, Rita Whittington said, “Thanks to two new wells coming on stream during the Quarter and following the divestment of 67 producing wells with little or no economic value in 2016, Magnolia ended the year with a portfolio of 153 producing wells located in proven US onshore formations.
“With WTI consistently trading above the US$50 level on the back of the recent OPEC meeting and our cost base almost a third lower than it was a year ago, Magnolia is well placed to step up our level of drilling activity once a recovery in sentiment has become firmly entrenched. With this in mind, we are encouraged by the noticeable pick up we are seeing in planned drilling by operators in our areas of focus; while on a wider level the near 10% month on month increase in the US rig count to 634 in December 2016 bodes well.  Our strategy and objective remains the same: to drill alongside established operators to prove up the reserves on our leases, and in the process generate value for our shareholders.”




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