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Magnolia Pet Share Chat (MAGP)



Share Price: 1.175Bid: 1.15Ask: 1.20Change: 0.00 (0.00%)No Movement on Magnolia Pet
Spread: 0.05Spread as %: 4.35%Open: 1.175High: 1.175Low: 1.175Yesterday’s Close: 1.175



Share Discussion for Magnolia Pet (MAGP)


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Robsky
Posts: 2,845
Off Topic
Opinion:No Opinion
Price:1.30
View Thread (4)
RE: Robsky
10 Jun '14
It is hard to see where this 8% rise is coming from there must be a load of orders pending because not a lot is showing.
 
Robsky
Posts: 2,845
Off Topic
Opinion:No Opinion
Price:1.30
View Thread (4)
RE: Robsky
10 Jun '14
Just have to AimO the crew are very quiet at the moment, I hope they are still on board otherwise we will need to have them court marshalled for desertion Lol.
Aim_Oilman2
Posts: 263
Off Topic
Opinion:No Opinion
Price:1.30
View Thread (4)
Robsky
10 Jun '14
Don't know where you find the time pal
Robsky
Posts: 2,845
Off Topic
Opinion:No Opinion
Price:1.25
View Thread (5)
RE: MAGP RNS
10 Jun '14
CEO Stephen Snead.

"Our US$5 million reserves backed credit facility as well as our recently
reported full year revenues of US$2.4 million show how far Magnolia has come in
a short space of time. We are successfully establishing a track record of
strong growth, and we are highly confident we will build on this further in the
current year and beyond."
Robsky
Posts: 2,845
Off Topic
Opinion:No Opinion
Price:1.25
View Thread (5)
RE: MAGP RNS
10 Jun '14
Reserves

"More horizontal wells need to be drilled to the Woodford before Magnolia's
reserves in the formation are upgraded but we are confident the Woodford will
play a major role in Magnolia's reserves growth going forward, and even has the
potential to surpass our original expectations for our Mississippi Lime
reserves".

Potential to SURPASS original expectations to include "sweet spots" in the lime and add to previously unqualified reserves in the underlying Woodford formation across much of our acreage.
Robsky
Posts: 2,845
Off Topic
Opinion:No Opinion
Price:1.25
View Thread (5)
RE: MAGP RNS
10 Jun '14
Objective:

"Our overall objective is to prove up the reserves on our US onshore leases and
here too excellent progress is being made with Magnolia's PDP reserves now
standing at US$8.4 million having been US$919,000 in October 2011.

PDP reserves alone are equal to 0.92p per share this excludes oil production of 150 - 200 BOEPD with other reserves and Montana alone at cost price valuation of 0.5p per share.
Robsky
Posts: 2,845
Off Topic
Opinion:No Opinion
Price:1.25
View Thread (5)
RE: MAGP RNS
10 Jun '14
Continued:

Over the medium term however the upwards trend for Magnolia's net production is intact thanks to our fast
growing well count, a long pipeline of drilling opportunities, and a rising
average interest in wells. Our well count has increased from 64 at the time of
our AIM IPO to 184 by end of December 2013, and it has since grown to 227.
Meanwhile over the same time frame we have upped our average net revenue
interest to over 3% from 0.6%.
Robsky
Posts: 2,845
Off Topic
Opinion:No Opinion
Price:1.25
View Thread (5)
MAGP RNS
10 Jun '14
AGM statement :

"While 2012 saw us acquire 13,500 net mineral acres in liquids rich US onshore
plays, 2013 saw a step up in our drilling activity alongside established
operators such as Devon Energy and Statoil, as we focused on growing our
production generated revenues to fund more drilling to prove up the reserves on
our leases. Revenue growth is therefore a key performance indicator and for
2013 we reported a 244% jump in net revenues to US$2,443,244, which followed
the previous year's 194% increase to US$709,395.
buzzlightyear4
Posts: 5,323
Off Topic
Opinion:No Opinion
Price:1.20
This will slowly drift back up....
10 Jun '14
mms waiting for people to drop off....
comerciante
Posts: 1,227
Off Topic
Opinion:No Opinion
Price:1.20
buzz
10 Jun '14
Yes it is and also we are a bit desperate having run out of ideas. We have nothing more to tell you other than what we have already said.

They are as distressed as the rest of us and just as frustrated.



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