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Magnolia Pet Share Chat (MAGP)



Share Price: 0.71Bid: 0.67Ask: 0.75Change: 0.00 (0.00%)No Movement on Magnolia Pet
Spread: 0.08Spread as %: 11.94%Open: 0.71High: 0.71Low: 0.71Yesterday’s Close: 0.71


Share Discussion for Magnolia Pet (MAGP)


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foggy100
Posts: 1,394
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Opinion:No Opinion
Price:1.08
..
21 Oct '14
In the current climate of lower Oil prices , perhaps it may be prudent to shelve the Self Operator aspirations for a while and pick up some more Land whilst prices may have weakened.
OPEC meet late in November I think and I speculate that Oil prices may firm in the New Year
 
bakoven
Posts: 3,650
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Opinion:No Opinion
Price:1.08
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good evening
21 Oct '14
Keeping my head down for the present but all being well, based on recent new findings, I shall continue to add over coming months. All evidence points to MAGP m-o is based on sound principles. Disparate strands of comparison indicate several smaller companies are running into cul de sacs owing to inadequate forethought on consequences of over-ambitious expansion.

One example is Avalon (AOGP) -- already $30m in the red -- which expects annual losses to continue for several years. That sort of race may invite an ever-present threat of foreclosure. Whereas I earlier thought in terms of far greater MAGP participation percentages, management's continuing policy of spreading risk via well numbers with modest sums is proving its worth. We already know that many of the lease locations are in the midst of prime areas . . . far better to target known sweet spots rather than taking up blanket areas that may have poor outcome.

http://www.woodford-shale-oil-congress.com/

". . . confirming 400 million barrels of recoverable oil and 250 million barrels of valuable condensate as well as associated gas".

The Springer really caught my imagination, particularly on learning that it consisted of a mixture of sandstone and shale, viz. improved porosity characteristics. Later, it is learnt, that that composition has drawbacks in places; drilling has to be undertaken with great care as the well bore is prone to collapsing on itself. Generally, reservoir pressure seems very favourable.

The SP might be doing its usual tricks, but there have been some revealing posts tonight. Many thanks to those who had the audacity to pester the "oil queen".
Robsky
Posts: 3,579
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Opinion:No Opinion
Price:1.08
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RE: Daily oil production
21 Oct '14
Good result OS glad to see the company is very prudent with our money.

Out of interest Magnolia has invested a total of US $3,294,593 in 25 participations in 2014 so far, from that the average interest per well is now 3.2% over the 25 wells invested in with an average CAPEX per well of just shy of U.S $132,000 of these wells only six IPR's have been declared.

4 x ND Kodiak @ average IPR 2206

2 x Oklahoma wells at average IPR of 447boed.

This all leaves 19 Oklahoma wells of average participation of 3.2% to declare for this year's investments and the balance from last year including some 4 & 5 percenters still progressing and yet to declare.

Hmmmmmmmmmm
Oleseadog
Posts: 124
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Opinion:No Opinion
Price:1.08
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Daily oil production
21 Oct '14
Hi Robsky and all-well I have received a reply to my last e-mail addressed to Ms Rita Wittington,COO.This response is from Mr Frank Buhagiar of St Brides Media and Financial.I won't produce it verbatim,but it is basically company waffle reiterating what we already know, in that the last known figure is 257BOEPD as at 1st July.Magnolia commissions independent consultants,twice a year to determine the daily production and this self same info is released to the market.In order to have daily figures they would need to employ a fulltime engineer so the current method is more cost effective.It all seems fair enough to me but no harm done in asking the question.GLA,regards,OS.
Robsky
Posts: 3,579
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Price:1.08
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RE: Rob
21 Oct '14
Thanks Rich only the second time I have mailed and both times have been replied to but don't want to make a habit of it she is far to busy oil hunting me thinks.

It has been very quiet here today have narrowed down the new well locations to be Van meadows - Noble,
B&W1-24 - Payne and Woodrell - Pawnee still not 100% yet I should have asked my friend to confirm but that would take out all the fun lol.
RICH3R
Posts: 7,558
Observation
Opinion:No Opinion
Price:1.08
View Thread (4)
RE: Rob
21 Oct '14
mate, it sounds like you're half way there to being signed up by Rita !!

are you framing that email lol?

I salute you Sir :)
Robsky
Posts: 3,579
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Price:1.08
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RE: Rob
21 Oct '14
And ISDX below all above 1.09 though some were early morning.

PR guy ? hoped you liked the quote from the COO I posted today came to my inbox from the queen of oil herself thanking me for sending her the newspaper links from the weekend lol.

21/10/2014 16:23 5,000 @ 1.09
21/10/2014 09:00 3,843 @ 1.12
21/10/2014 08:10 200,000 @ 1.1
21/10/2014 08:09 200,000 @ 1.1
RICH3R
Posts: 7,558
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Price:1.08
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Rob
21 Oct '14
hi there, in that case the 5 trades before yours were presumably buys too. not worth fretting about though.

I think Rita should hire you as her PR guy ;)
Robsky
Posts: 3,579
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Price:1.08
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RE: today
21 Oct '14
Hi Rich
more monkey business I am afraid I suspect 11 trades all buys mine at 1.09 @16.19 lol, one was a bed and ISA from 20th . can't explain the drop other than a large after hours trade coming in yet the mm would not quote for 250k
weird ;(
RICH3R
Posts: 7,558
Observation
Opinion:No Opinion
Price:1.08
View Thread (2)
today
21 Oct '14
okay who caused today's 4% drop lol??

I can only see 7 trades thus far today - none of major volume, with at least 1 appearing to be a buy - and we are down 4%.

:(





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