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Magnolia Pet Share Chat (MAGP)



Share Price: 0.70Bid: 0.65Ask: 0.75Change: 0.00 (0.00%)No Movement on Magnolia Pet
Spread: 0.10Spread as %: 15.38%Open: 0.70High: 0.70Low: 0.70Yesterday’s Close: 0.70


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Robsky
Posts: 3,462
Off Topic
Opinion:No Opinion
Price:0.83
MAGP
5 Jan '15
NORTHLAND CAPITAL PARTNERS VIEW: December 18 2014, 8:22am

Success in drilling its own majority operated wells will add material reserves. The low cost nature of vertical drilling is also attractive in light of the new lower oil price environment.

The company has a number of opportunities to drill such wells in its Oklahoma acreage either as operator or as financial partner.

The company recently reiterated that it is a low cost producer with an operating breakeven at around $30/bbl leaving considerable headroom to withstand current oil price weakness.

Valuation remains undemanding.
 
Robsky
Posts: 3,462
Off Topic
Opinion:No Opinion
Price:0.83
View Thread (2)
RE: A well a day <29>
5 Jan '15
Morning all, thanks for the well SoonToBe

Location Alfalfa Co, close to the other Cummings well just south on the EO100 rd while the wells are not visible many other wells are visible along this road..... map ref; 36.869022 -98.528714 .
SoonToBe
Posts: 110
Observation
Opinion:No Opinion
Price:0.83
View Thread (2)
A well a day <29>
5 Jan '15
Well Name: <Cummings 31-28-12 2H>
Pun Number: <003-214072-0-0000> *
Location: <Oklahoma>
Formation: <Mississippi Lime>
Operator: <Chesapeake Energy>
NRI%: <3.34>
Net Cost: <141670>
Status: <Producing>
Initial Production Date: <03/09/2014>
Net IPR: <11>
Latest Gross Production: <Unknown>
Comment: <Back after the Christmas break and starting the ear with a decent sized well. Only production figures are from before the initial production date??? Would expect this to be a good well, but no data to support it as yet...>

Disclaimer:-
This information is correct to the best of my knowledge and is based on publicly available information. Any corrections or additional information will be gladly received.

*Needs confirmation.
bakoven
Posts: 3,635
Off Topic
Opinion:No Opinion
Price:0.83
wti
4 Jan '15
Like everyone else I have no idea when the markets will recover. Other than the next roiund of self-operated drills and infill wells we could experience a slack H1. Even if it should become the case, there is reasonable assurance in the steadily accumulating cash reserve. I would expect SOS/RFW to use this period to their advantage. Two articles, amond many, caught my eye -

http://www.capitalisttimesradio.com/gameplanforloweroilprices

http://www.chron.com/business/outside-the-boardroom/article/Oil-companies-slow-spending-at-rapid-pace-5990169.php

2014 (10 months Jan - Oct/ average Oklahoma crude prices in $/barrel)
90.81 96.40 96.84 98.81 98.35 101.73 99.24 93.47 90.43 81.46

The real crunch began in November. Discounted values should therefore start showing up on the company's books commencing March 2015. It assumes receipts from principals lag by up to 6 months following delivery to Cushing.
Robsky
Posts: 3,462
Off Topic
Opinion:No Opinion
Price:0.83
View Thread (3)
RE: Have I won?
2 Jan '15
Good new Year Guys,

I sent an e mail to Rita with seasons wishes and requested a best guess or actual BOEPD figure as soon as possible in the new year.

I hope It doesn't put her on the spot to much as I would not like to influence or spoil the news flow, worst case will be end of year results but hopefully an indication before then, a good number might get us out of the doldrums lol.
jr71
Posts: 641
Off Topic
Opinion:No Opinion
Price:0.83
View Thread (3)
RE: Have I won?
2 Jan '15
Don't think we will know until Rita issues the next CPR which could be in April at a guess.....

Quarterly update due now too. Maybe next week. Hoping there is a lot to report. That would be a good start to 2015.
smidsy
Posts: 4,139
Question
Opinion:No Opinion
Price:0.83
View Thread (3)
Have I won?
2 Jan '15
Can someone confirm that I have won the competition please.
Ta very much.





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