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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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riddler
Posts: 79,587
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.1025
Robsky
Today 08:04
Thanks so muxh mate
 
riddler
Posts: 79,587
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.1025
Rich
Today 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: 842
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
RICH3R
Posts: 7,949
Research
Opinion:No Opinion
Price:0.1025
View Thread (3)
chart
Sat 15:19
http://uk.advfn.com/p.php?pid=chartscreenshot&u=2KpbFyYo/ud2o/76C1u2DHMEE2AGCg1gRUWczQ4b%20oU=

I re-visited my chart from a couple of days ago to encompass more daily candlesticks and ignore the extremes. It shows the sp this week 'kissing' the resistance and retracing.

imvho it wont take too much of a push to see MAGP climbing in an uptrend once again BUT an over-production of oil in the US (as per Guidedog's post) is surely the last thing we need?
riddler
Posts: 79,587
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.1025
View Thread (2)
Robsky
Sat 14:57
Excellent post ..so the up shot is MAGP ..Ince they navigate the $800k due at end of March 2017 should be set up nicely ?
RICH3R
Posts: 7,949
Observation
Opinion:No Opinion
Price:0.1025
RE: US Rig Count Soars
Sat 13:26
Hi G7 surely this is madness as it will likely break the OPEC agreement and send POO down again? Sheesh...............
Guidedog7
Posts: 842
Off Topic
Opinion:No Opinion
Price:0.1025
US Rig Count Soars
Sat 09:11
Crude Oil Rallies As US Rig Count Soars
By Alliance | Fri, 20th January 2017 - 19:51

WASHINGTON (Alliance News) - Crude oil futures rallied Friday for a small weekly gain, despite further signs that US production will skyrocket.
US energy companies this week added the most oil rigs since 2013, as big oil looks to take advantage of plus-$50 oil prices. Baker Hughes reported the number of active US rigs drilling for oil jumped higher by 29 to 551 rigs this week.
Analysts say US and Canadian production may prevent OPEC quotas from ending a global supply glut that forced oil below USD30 in 2015.
Yesterday, the Energy Information Administration reported a build of 2.3 million barrels for the week to January 13, to a total of 485.5 million barrels.
Feb. WTI oil gained USD1.05, or 2%, to settle at USD52.42/bbl. Crude oil was up 0.1% for the week.
In economic news, Philadelphia Federal Reserve President Patrick Harker said he expects three interest rate increases in 2017 if the economy stays on track.
"I see three modest hikes as appropriate for the coming year, assuming the economy stays on track," Harker told the New Jersey Bankers Association. "The economy is displaying considerable strength."




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