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Caps Lock on… DAVID LENIGAS on this week’s Share Views!! Watch here

Share Views Episode 10 - DAVID LENIGAS talks Gatwick Gusher and AAAP


Magnolia Pet Share Chat (MAGP)



Share Price: 0.11Bid: 0.10Ask: 0.12Change: 0.00 (0.00%)No Movement on Magnolia Pet
Spread: 0.02Spread as %: 20.00%Open: 0.11High: 0.11Low: 0.11Yesterday’s Close: 0.11


Share Discussion for Magnolia Pet


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Robsky
Posts: 4,210
Off Topic
Opinion:Buy
Price:0.11
RE: objective change...??
Today 13:39
Hi baks I think it might be a case of priorities and trying to retain cash for a more productive assets other than leases, ideally a producing well or three, sure we are building up a cash surplus and it will be more to invest over time.
 
bakoven
Posts: 3,712
Off Topic
Opinion:No Opinion
Price:0.11
RE: objective change...??
Wed 20:29
Mr S -- There might well be a step change somewhere along the line. MAGP is certainly well placed to exit any burden that could be a hangover for Chesapeake, Continental, Devon, etc in the aftermath of the oil depression. It is comparatively free of the sort debt being carried by the OK companies.

SOS might decide to show his hand on substantial title deeds he holds. I have been slightly puzzled by the stalled nature of lease interests, especially in so far as they apply to SCOOP, Stack, Meramex and others, but can only nassume there is purpose to our acreage remaining static. Time will tell.
Guidedog7
Posts: 712
Off Topic
Opinion:No Opinion
Price:0.11
OPEC reaches deal to limit output
Wed 20:16
Guidedog7
Posts: 712
Off Topic
Opinion:No Opinion
Price:0.11
U.S. crude oil inventories fall
Wed 16:47
Guidedog7
Posts: 712
Off Topic
Opinion:No Opinion
Price:0.11
ISDX Trades today so far
Wed 15:15
28/09/2016 14:37 457,646 0.107
28/09/2016 14:15 500,000 0.107
28/09/2016 13:31 4,542,354 0.11
28/09/2016 12:28 3,000,000 0.101
28/09/2016 11:34 925,233 0.107
28/09/2016 08:04 540,114 0.105
Robsky
Posts: 4,210
Off Topic
Opinion:No Opinion
Price:0.11
View Thread (2)
RE: been hiding
Wed 15:00
Good to see you hanging In AimO difficult to contribute when there is not a lot going on just a case of waiting ....a nice lift today.

Continental fracked a couple of wells on 16 and 17 MCKINLEY 1-24-13XH and Ludwig 9-22-15XH both in Blaine obviously higher graded, not of much interest to us but at least the wheels are turning.

The Maxine well referred to in the RNS is the Maxine# 1H 5X operated by Newfield and worth 4BOEPD to us
Lat: 35.95765515246916, L -98.28368031656494 located in Blaine co

Billy Rae 1 I believe to be a Devon well sold and now operated by Whitestar petroleum in Payne co.

Double R 9 also in Payne operated by Crown Energy the Wilber previously declared as operated by Chesapeake in Alfalfa co and worth just under 12boepd to Magnolia.

Moore is another new one on me and hard to navigate without more info, however the Baxendale's are a group of 6 Newfield extended wells in section 13 Stephens Co 2N-4W which were off my radar and as far as I know never noted by RNS because of the low percentage interest but what FANTASTIC wells they are and we are involved with 5 @ .03% the Sympson wells also in Stephens 2N-4W sections 6,31,18................ looking forward to these.

IMHO DYOR
Poacher886
Posts: 1,579
Off Topic
Opinion:No Opinion
Price:0.11
Still Alive
Wed 14:53
It would seem..
Midus
Posts: 2,715
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.11
View Thread (4)
A welcome
Wed 13:38
Small step today
Guidedog7
Posts: 712
Observation
Opinion:No Opinion
Price:0.11
Remember This
Wed 10:07
Aim_Oilman2
Posts: 472
Off Topic
Opinion:No Opinion
Price:0.11
been hiding
Wed 09:56
Still here, just had nothing to say.

Personally I think this ship had a massive hole in the side, but I think that it is slowly being plugged and there is room moving forward. Positive RNS.




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