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Ariana forecast 47% rise in Kiziltepe gold production


Magnolia Pet Share Chat (MAGP)



Share Price: 2.60Bid: 2.40Ask: 2.80Change: 0.00 (0.00%)No Movement on Magnolia Pet
Spread: 0.40Spread as %: 16.67%Open: 2.60High: 2.60Low: 2.60Yesterday’s Close: 2.60


Share Discussion for Magnolia Pet


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smidsy
Posts: 5,484
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.
dogger
Posts: 229
Off Topic
Opinion:No Opinion
Price:2.75
Clarification required
Thu 07:53
I guess that I have never properly understood the Capital Management Agreement with WED.
Do WED need MAGP to stay alive, for them to get their hands on the rest of the $18.5m ? Or can they simply find another partner if MAGP go under ?
Is the reason that they have only drawn down half a million so far because they fear Magp£s demise ?
Can anybody help ?
Guidedog7
Posts: 1,409
Off Topic
Opinion:No Opinion
Price:2.75
Oil near late-2014 highs
Thu 06:57
buzzlightyear4
Posts: 6,716
Off Topic
Opinion:No Opinion
Price:2.75
So where from here?
Wed 19:42
Who knows the answer,I think 1p next...
bakky
Posts: 5,393
Off Topic
Opinion:No Opinion
Price:2.75
Whittington
Wed 16:20
purposely running this into the ground to pick it up for next to nowt and go forward privately? Who's now regretting voting for her??
buzzlightyear4
Posts: 6,716
Off Topic
Opinion:No Opinion
Price:3.05
Sold 80k at a huge loss today
Tue 20:35
This share is finished.....

No wonder the last director took 6p a share,he knew this was being driven into the ground!!

Sell while you still can!!
leftie
Posts: 45
Off Topic
Opinion:No Opinion
Price:3.15
RE: Visit
Mon 12:43
I agree I think the situation is sufficiently important to merit an RNS. If the bank does not agree to continue the loan, is that game over???

I think we can only invest the money that has been allocated from WED. I don't think the WED deal is like a loan where the money is allocated to the company to be used when the company needs it. Unless someone knows better I think investors have to put the money into the scheme and hence look for a return. I suppose they will only invest based on the hope of excellent returns. The lack of new well proposals actionned since the deal started would seem to support this view - either that or there is a freeze on cash due to the loan situation.




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