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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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oilmagnet477
Posts: 3,189
Observation
Opinion:No Opinion
Price:1.03
View Thread (7)
Prospects....
7 Aug '14
$5,000,000 annual revenue by end 2014, almost certainly producing a profit and continuing to grow production and leases.

If I had £9,000,000 right now I'd be on a plane to the US
 
Robsky
Posts: 2,980
Off Topic
Opinion:No Opinion
Price:1.03
Well research
6 Aug '14
Well reseach from Sandridge Energy shows some big 1000 bopd results from the Mississippi / Woodford

Alfalfa
Gruenwald 2710 loc 7 27N 10W 1775 bd + 2709mcfd

DMC 2710 2-12H loc 1 27N 10W 1165b/d + 4776mcfd

Others include Hudson in woods co @1007 b/d and Joane marie 2705 2&3 @ 1436b/d and 1122b/d Herbert 2805 @1061b/d Grant Co.

full list and with dates and location and production test here;
http://seekingalpha.com/article/2378235-sandridge-energy-latest-well-results-and-what-to-expect-from-the-q2-report?uprof=45&dr=1
Robsky
Posts: 2,980
Off Topic
Opinion:No Opinion
Price:1.03
View Thread (2)
RE: cheyenne
6 Aug '14
Montana has value for Fidelity Exploration from July 2014 and now also in Valley County where MAGP has acreage.

Four reissued permits were approved for Fidelity Exploration & Production Co. wells. In Fallon County’s Cedar Creek Field, two Eagle Formation wells were approved: the State 2887, located at SE NE 36-8N-59E (2574 FNL/1241 FEL) and the State 2889, located at NE SW 36-8N-59E (1446 FSL/2579 FWL). Both wells have a proposed depth of 2,000 feet. One of the wells is in the Bowdoin Field in Phillips County: the State 1316, located at NW SW 36-32N-33E (1993 FSL/870 FWL) and the fourth well, also in the Bowdoin Field but located in Valley County, is the Fee 1507, located at SW 19-32N-35E (124 FSL/1532 FWL).

The latter two wells will tap the Mowry Shale at a proposed depth of 1,800 feet.

Fidelity Exploration & Production Co.

Our gas assets include:

Significant operated fields (all 100% WI)

Baker Field, Fallon County, MT

Bowdoin Field, Phillips County, MT

Shiloh Field, Rusk County, TX

Current net production of 62 MMCF/d

Low cost/high margin production at Baker and Bowdoin

Horizontal drilling potential in Cotton Valley in Shiloh Field
Oil growth is key to Fidelity’s strategy, but we maintain a diversified portfolio

http://files.shareholder.com/downloads/MDU/2597897512x0x734437/da861021-48a1-404d-a796-258e9c0b6136/Exploration%20&%20Production.pdf
bakoven
Posts: 3,492
Off Topic
Opinion:No Opinion
Price:1.03
View Thread (2)
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: 3,492
Off Topic
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
Off Topic
Opinion:No Opinion
Price:1.03
View Thread (2)
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
Off Topic
Opinion:No Opinion
Price:1.03
View Thread (2)
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
Off Topic
Opinion:No Opinion
Price:1.03
View Thread (2)
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: 3,492
Off Topic
Opinion:No Opinion
Price:1.03
View Thread (2)
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.



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