Have got a bit carried away over on that other board - as you can see - BUT- to called a liar !!!! does get me wound up ! WIll be interesting to see if I get a reply .! The way the CEO tells it there - to me - face to face on a number of occasions - could/should be serious multibagger . BUT there have been serious doubts raised with me re the track record of the Management that it remains a 5-10% er of my portfolio. Did you read the oilbarrel link that you sent me ? BigC
Rita Whittington, COO of Magnolia, said, "We now have interests in 129 producing wells in established US onshore formations. With an additional 51 wells at various stages of development, we are well placed to significantly grow this total in the near term. Furthermore, as the Voise and Nevada wells demonstrate, we are not only continuing to replenish our pipeline of new drilling activity alongside leading operators such as Devon Energy, but with interests of 7.5% and 5.0% respectively, we are also increasing the average size of our net revenue interests. As a result, the strong growth seen to date in Magnolia's daily production and the value of our proven (P1) reserves, which as at 1 August 2013 stood at 214 boepd and US$40.721m respectively, is set to continue, as we focus on our goal to build shareholder value."
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