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Magnolia Pet Share Chat (MAGP)



Share Price: 0.575Bid: 0.55Ask: 0.60Change: 0.00 (0.00%)No Movement on Magnolia Pet
Spread: 0.05Spread as %: 9.09%Open: 0.575High: 0.575Low: 0.575Yesterday’s Close: 0.575



Share Discussion for Magnolia Pet (MAGP)


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Robsky
Posts: 3,622
Off Topic
Opinion:No Opinion
Price:1.13
View Thread (4)
strong buys
11 Nov '14
Some strong buys at the close

16:19 - 11/11 Buy 1000000 1.15p £11,500.00
16:19 - 11/11 Buy 700000 1.14p £7,980.00
 
SoonToBe
Posts: 118
Observation
Opinion:No Opinion
Price:1.13
View Thread (5)
RE: A well a day
11 Nov '14
Not quite sure that I fully understand all that, but sounds like a good deal to me.
Robsky
Posts: 3,622
Off Topic
Opinion:No Opinion
Price:1.13
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RE: A well a day
11 Nov '14
STB it looks like Rita done a deal with Hangdown Oil for the participations at minimal cost to MAGP prior to listing on aim.

To enable Magnolia to participate in a wide range of Marathon’s currently extensive drilling opportunities, an agreement has been signed with Hangtown Oil, LLC to farmout Magnolia’s interest in five proposed middle Bakken wells to be drilled by Marathon in central Dunn County, North Dakota.

Under this arrangement, Magnolia will not be required to make any contribution towards the cost of drilling and completing the wells, but will nevertheless receive 25% of the working interest revenue once the cost of drilling and completing has been recovered.
SoonToBe
Posts: 118
Observation
Opinion:No Opinion
Price:1.13
View Thread (5)
RE: A well a day
11 Nov '14
Morning Robsky,

Yes, the intention was for it to be MAGP wells; good to get off to a controversial start, looks to be adding value to knowledge base already...

Andi Schollmeyer is listed in the 25th October 2011 CPR (page 43) as a MAGP asset; operator Marathon (Dunn 144N, 94W, sections 5&8).

There are others (not on your list below) but I only promised '1 a day', so all in good time...
Robsky
Posts: 3,622
Off Topic
Opinion:No Opinion
Price:1.13
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RE: A well a day
11 Nov '14
SoonToBe sounds like a good idea mate but thought it would be MAGP wells who is Andi Schollmeyer don't think that one is ours lol.

MAGP Marathon wells

ECKELBERG 14-23H
ECKELBERG 14-23TF
CURTIS KERR 24-8H
GUSTAFSON 31-30H
HELGESON 41-30H
NICKY KERR 14-8
Smith trust 1-2H
Robsky
Posts: 3,622
Off Topic
Opinion:No Opinion
Price:1.13
View Thread (3)
RE: move
11 Nov '14
Morning Lindi, all,

I have been scratching around looking for something worth posting alas with the drop in oil prices there appears to be trimming back on drilling at the moment however Devon Energy posted a third-quarter profit of $1 billion fuelled by record oil production that exceeded the company’s forecast and what Devon Energy do is surely to rub off on to us Magnolia Petroleum in a big way, "Rock on" as you say our time is coming.

Devon’s retained assets produced 640,000 barrels of oil equivalent per day in the third quarter, up 19% from 538,000 barrels per day in the third quarter of 2013. Oil and liquids represent 55% of the company’s production in the most recent quarter.

Article;
http://newsok.com/devon-energy-reports-record-oil-production/article/5363570
SoonToBe
Posts: 118
Observation
Opinion:No Opinion
Price:1.13
A well a day <1> - correction
11 Nov '14
Well Name: <Andi Schollmeyer 41-5H>
Pun Number: <Unknown>
Location: <North Dakota>
Formation: <Bakken>
Operator: <Marathon Oil Company>
NRI%: <0.2782>
Net Cost: <Unknown>
Status: <Producing>
Initial Production Date: <Unknown>
Net IPR: <Unknown>
Latest Gross Production: <August 2014>; <Oil - 849>; <Gas (Sold) - 283>

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.
SoonToBe
Posts: 118
Observation
Opinion:No Opinion
Price:1.13
A well a day <1>
11 Nov '14
Well Name: <Andi Schollmeyer 41-5H>
Pun Number: <Unknown>
Location: <North Dakota>
Formation: <Bakken>
Operator: <Marathon Oil Company>
NRI%: <0.2782>
Net Cost: <Unknown>
Status: <Producing>
Initial Production Date: <Unknown>
Net IPR: <Unknown>
Latest Gross Production: <July 2014>; <Oil - 849>; <Gas (Sold) - 283>

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.
SoonToBe
Posts: 118
Observation
Opinion:No Opinion
Price:1.13
View Thread (5)
A well a day
11 Nov '14
In a bid to increase both my knowledge and share some information around I though that I might have a go at a daily feature (Monday to Friday and there may be days when work gets in the way).

So each day I'll pick a MAGP well and detail some basic information about it. Obviously more that happy for those more knowledgeable to throw in correction and fill in the various 'unknowns'.
lindi22
Posts: 886
Off Topic
Opinion:No Opinion
Price:1.13
View Thread (3)
RE: move
11 Nov '14
Morning Robsky, we need a bull run to get us out of the doldrums!!!!! Our day will come....





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