discopablo - I haven't looked at a chart in ages. Where is Rich3r? Ichimoku shows breakout by some margin above the Kumo. There is also a strong trigger for 29 September, although interims around 10 September are likely to pre-empt the next surge.
Looking back on the day's posts it would seem that investors are finally beginning to understand the intricacies of the MAGP formula. There certainly are few obstacles to stop RFW reaching her £500m mid-tier objective.
Well we were very stable around the 2.2p mark for a long while prior to the unfounded drop, that was with 212BOPD and most expected 250 on disclosure, all that still without a CPR for ALL of our acreage and of course poor sentiment from 2yrs of water torture.
So with todays news, i would expect at least a return to the 2.2p+ range, then if we add in in the incoming wells and can push towards 300BOPD, the market im sure will like that and push us on again...if we turn up with more acquisitions then who knows!
SO yea 2.4+ over the next 2 weeks sounds quite achievable to me.
I think the interims and soon to be released (surely!) Drill news over say the next two weeks will push us beyond 2.4 again. I know that's still cheap in the eyes of many including myself but do you think that's a possibility? Keen to hear from you.
happy i got my isa filled and i finally went blue today after chasing the price down endlessly.
2 percent in profit. more to come, here till the end as always, good to see L1onheart and the return of chrisatron, many thanks to the regulars for their endless input and enthusiasm, and a particular thanks to Robsky for keeping it all alight in the darkest times.
any sign of Rich3r? does he still hold here? be good to know you are well fella, hoping today put a smile on if you are still holding.
Over the course of the last six months initial production rates were reported for 25 wells in proven US onshore formations such as the Bakken and Mississippi Lime. In addition the Company elected to participate in a further 40 new wells alongside leading operators including Statoil and Marathon Oil. In line with strategy, the level of Magnolia’s interest in wells has also been steadily rising as illustrated by the Blaser (9.375%) and Great White (7.5%), so that the average working interest in the Company’s portfolio of 121 producing wells and 53 wells under development has increased to approximately 3%, compared to 0.6% at the time of Magnolia’s IPO in November 2011. As these new wells come into production, another major increase in production and 2P reserves, which as at 1 August 2013 stood at 214 boepd and US$47m respectively, can be expected. Rita Whittington Chief Operations Officer
Well the herd arrived today. Congratulation to those that were here last week (and the week before that). Massive volumes traded and none of them from me. Obviously I'd love to buy some more but frankly I've filled my boots with them for the past several months.
Next week, as Robsky hinted earlier big increases in production to report and the associated revenue that brings, see you all in the land of milk and honey...
Been busy here today,sit back and laught at them,this share has to rise,just give it time the tree shakers want cheap shares to sell for big profit, friend tipped this while ago,so I have just watched,bought in today
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