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Magnolia Pet Share Chat (MAGP)



Share Price: 1.575Bid: 1.55Ask: 1.60Change: -0.04 (-2.48%)Faller - Magnolia Pet
Spread: 0.05Spread as %: 3.23%Open: 1.615High: 1.615Low: 1.575Yesterday’s Close: 1.615


Share Discussion for Magnolia Pet (MAGP)


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bakoven
Posts: 3,491
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Opinion:No Opinion
Price:1.03
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cheyenne
6 Aug '14
Cheyenne will be a massive project once completed (?24 months) with pads running a mile east along the south side of E1490 Road. The SCOOP potential looks impressive.

34.854556, -97.825060

https://www.google.co.uk/maps/place/Bradley,+OK+73011,+USA/@34.8524922,-97.8205131,14z/data=!4m2!3m1!1s0x87b283e3315cb05b:0xb448aae7fab5cea5
 
bakoven
Posts: 3,491
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Opinion:No Opinion
Price:1.03
scoop
6 Aug '14
CLR's August presentation is put up mainly to give better understanding of SCOOP, relevant to MAGP's interests in Grady, Stephens and elsewhere. There is also a diagram towards the end of the paper showing composition of the Woodford.

http://phx.corporate-ir.net/phoenix.zhtml?c=197380&p=irol-presentations

Vitruvian's four Cheyenne wells in Grady could be another pointer. The diagram involves S3-T4N-R6W. See -

http://imaging.occeweb.com/AP/CaseFiles/occ5098970.pdf

They are to extend through Sections 3 & 10. You will also note up to half-a-dozen light lines - proposed additions - running north/south that encroach into Section 2. In sum, it could be one of the biggest operations undertaken in Grady.

Our lease interests in Grady are -

S7-T5N-R5W
S22-T8N-R7W
S2-T3N-R6W
S36-T7N-R5W (Green Acres)
S11-T3N-R6W

- so a couple of them are within spitting distance.
neat
Posts: 3,261
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Price:1.03
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RE: neat
6 Aug '14
I seen them ones, perfect timing for me also, just trying to put together my findings before coming in again. once i get in i am in till the sell.
Aim_Oilman2
Posts: 312
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Opinion:No Opinion
Price:1.03
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neat
6 Aug '14
Also the Montana acreage is set to expire in 2017. This is when I think they will sell up personally
Aim_Oilman2
Posts: 312
Off Topic
Opinion:No Opinion
Price:1.03
neat
6 Aug '14
I remember listening to something form the BOD stating that they get 3 years leases with a 3 year kicker should it expire however that comes with a fee.
neat
Posts: 3,261
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Opinion:No Opinion
Price:1.03
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RE: neat
6 Aug '14
Ok thank you for your response, i see we are nearly at my buy price, thats nice but i am not ready yet, please wait a little magp before you move.
bakoven
Posts: 3,491
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Opinion:No Opinion
Price:1.03
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neat
6 Aug '14
Lease details entered here are never older than the start of 2012. Generally, all of them carry tenure of not less than two years - probably three - with extensions granted when applied for and/or considered feasible. There is only one exception in a county (I forget which one) where the lease seems to be renewed every 6 months. In addition, the acreage in MT was understood to continue for not less than 5 years.
neat
Posts: 3,261
Off Topic
Opinion:No Opinion
Price:1.03
Can i ask for information if
6 Aug '14
anyone has it to hand on expire dates for the leases?
bakoven
Posts: 3,491
Off Topic
Opinion:No Opinion
Price:1.03
stephens
6 Aug '14
Can't recall if I posted details of MAGP leases in Stephens. The list below is relevant to a presentation today. It will follow shortly.

S10 T1N R8W
S17 T1N R6W
S18 T2N R4W
S5 T2N R4W
S6 T2N R4W
S2 T2N R4W
S18 T2N R4W
S16 T1S R7W
S1 T2N R4W
S7 T2N R4W
S8 T2N R4W
bakoven
Posts: 3,491
Off Topic
Opinion:No Opinion
Price:1.03
MudPump
6 Aug '14
The link below shows up an authentic view of the now abandoned activity around Scobey.

http://www.danielscountyleader.com/index.php?option=com_content&view=article&id=3926:it-s-been-over-six-months-with-little-activity&catid=8&Itemid=139

Jim Halvorsen has taken up position as leading spokesman of MT's oil development. Anything he has to say in coming months should be followed. For me, the Brockton-Froid fault remains an unknown historical consequence insofar as any bearing it might have had on migration out of Daniels. An overriding constraint to development in the region is distance from hubs and absence of infrastructure. For the moment I treat it as something of a white elephant. The $4m+ could have been better applied elsewhere. Delays, however, were equally applicable to the Williston basin - then it took off after the science had been worked out.

> PS. I have some further data on OK which Robsky will be able to sort out.

[bakky - You have made a dangerous statement, one unlikely to be smiled on by management.]



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