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Magnolia Pet Share Chat (MAGP)



Share Price: 1.225Bid: 1.15Ask: 1.30Change: 0.025 (+2.08%)Riser - Magnolia Pet
Spread: 0.15Spread as %: 13.04%Open: 1.20High: 1.225Low: 1.20Yesterday’s Close: 1.20


Share Discussion for Magnolia Pet (MAGP)


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POSmanPAT
Posts: 37
Observation
Opinion:Strong Buy
Price:1.05
View Thread (3)
The Times (Sat)
24 Aug '14
"Meanwhile, Magnolia Petroleum shares jumped 52.4% to 1.6p. An independent assessment valued it's proven reserves in America at $32 million; more than double the entire market value of the company. Also production in July hit 257 barrels a day, a big increase on the 150 barrels in April" (p52)
 
bakoven
Posts: 3,550
Off Topic
Opinion:No Opinion
Price:1.05
township tools
24 Aug '14
http://www.earthpoint.us/TownshipsSearchByDescription.aspx

Very efficient and especially useful for ND.
bakoven
Posts: 3,550
Off Topic
Opinion:No Opinion
Price:1.05
View Thread (2)
Robsky
24 Aug '14
Ahem. Becoming forgetful, even to the extent of naming Helgeson as Gunderson. Perhaps I should follow Oilm and jr's method with a spreadsheet. Shall revisit ND when time permits.
With "79 wells" coming on stream Q4 is looking very upbeat.
As RFW comments on proving up leases I am very interested to see what near-term plan there is for substantial chunks of land taken up in Lincoln this year, amongst others.
Robsky
Posts: 3,103
Off Topic
Opinion:No Opinion
Price:1.05
View Thread (2)
RE: Robsky, etc
23 Aug '14
Evening Bakoven we still have the DRONE 2-34-27H by Slawson Exploration located in Dunn Co listed as confidential @ 1.33% NRI the other Drone came in at 1200BOPD and they are in the Saxon oilfield.

Also Marathon oil operate the Kerr's & Eckleberg's Gustafson & Helgeson in the Bailey field and Hunt operate the Bully field with the Stock and Quill wells.
MrEnglish
Posts: 680
Observation
Opinion:No Opinion
Price:1.05
View Thread (6)
RE: RE: Mags
23 Aug '14
Hope you're right.

Either way the 2014 EOY revenue estimate of $6m+ is suddenly looking vaguely possible, although Rita and the gang still have a couple rabbits to pull from hats to get there.

Anybody doubt they can do it?
Robsky
Posts: 3,103
Off Topic
Opinion:No Opinion
Price:1.05
Mail Article
23 Aug '14
Magnolia Petroleum (up 69 per cent today at 1.78p) was one the best performers and its rally proves a prior sell-off was overdone, at least that’s the view of house broker Northland Capital.

The American oil junior on Friday restated reserves with an estimated worth of US$31million, and revealed net production had increased by two thirds since April.

http://www.dailymail.co.uk/money/investing/article-2731864/SMALL-CAP-MOVERS-All-quiet-ahead-Yellens-Jackson-Hole-speech.html
Mexas
Posts: 60
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.05
View Thread (2)
RE: Fall in the SP
23 Aug '14
It closed 1.6 no idea why LSE shows 1.05...
bakoven
Posts: 3,550
Off Topic
Opinion:No Opinion
Price:1.05
View Thread (2)
Robsky, etc
23 Aug '14
Whereas there is good reason to keep track of all OK interests ND mapping in contrast, by virtue of lesser acreage, is not quite as important. Infill wells, granted, will contribute to bopd notwithstanding meagre NRIs. Three Forks-Sanish will probably be a bonus but depletion rates are likely - and wisely - causing restriction in investment to ~$50k per well. See e.g -

http://www.magnoliapetroleum.com/index.php/component/k2/item/121-skunk-creek-infill-wells

I am assuming the Last Chance and South Fork oilfields represent the biggest assets in ND together with Guinderson and Gustafason.

Last night I dug up ND township ranges, applying them to Google. They can be left aside for the present unless the bb. is keen to have them. No need for information overkill . . ..
Robsky
Posts: 3,103
Observation
Opinion:Strong Buy
Price:1.05
View Thread (6)
RE: RE: Mags
23 Aug '14
Mr E confidential stats were only released during the course of last week, sure Rita will have had prior information as
investor but would have needed the IPR infrmation w/e 31/6 for this report(unlikely)
why not RNS the skunk creek wells on wednesday or thursday when they were out.

from memory I posted a jake result before the official RNS which was followed up in
typical Rita fashion with a 4 Jakes RNS.
My theory here is that she has or is expectimg something bigger
and better for the next RNS maybe a Devon or three as well.

The mysterious MAGP dont you love it lol



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