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Magnolia Pet Share Chat (MAGP)



Share Price: 0.565Bid: 0.53Ask: 0.60Change: 0.025 (+4.63%)Riser - Magnolia Pet
Spread: 0.07Spread as %: 13.21%Open: 0.565High: 0.565Low: 0.565Yesterday’s Close: 0.54



Share Discussion for Magnolia Pet (MAGP)


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Robsky
Posts: 3,626
Off Topic
Opinion:No Opinion
Price:1.13
View Thread (3)
RE: A well a day <2>
12 Nov '14
Interesting choice of well one of the latest, so not a lot of detail available or given by MAGP though research suggests that this well is in Stephens or Payne co Ok where B&W are operating, Payne is the more likely location due to the proximity and number of this well.

Recent well reported 5/13/2014 Oklahoma Payne 1303 bopd and 1215mcf gas

B&W Operating, LLC Greenshields Trust 1-23H. 23 19N-1W-1M loc 36.101795 -97.280165

Magnolia holds 28 lease positions close to this well in sections 17,24,28,30,32 among others.

DYOR
 
SoonToBe
Posts: 118
Observation
Opinion:No Opinion
Price:1.13
View Thread (3)
A well a day <2>
12 Nov '14
Well Name: <B&W 1-24H>
Pun Number: <Unknown>
Location: <Oklahoma>
Formation: <Mississippi Lime / Woodford>
Operator: <B&W Operating LLC>
NRI%: <1.23>
Net Cost: <$41918>
Status: <Waiting To Spud>
Initial Production Date: <Unknown>
Net IPR: <Unknown>
Latest Gross Production: <Unknown>

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
gorgeousgeorge
Posts: 188
Off Topic
Opinion:Strong Buy
Price:1.13
Woodford Formation
12 Nov '14
An interesting industry update on the Woodford formation.

http://www.ugcenter.com/videos/connect-series-woodford-760756
Robsky
Posts: 3,626
Off Topic
Opinion:No Opinion
Price:1.13
View Thread (3)
RE: operatorship
11 Nov '14
Baks
Further information coming to light Solman = Soloman and is active and operated by an un-assigned operator hence the reason MAGP not registered but is on Magnolia lease.

location 15- 29N-9E 22/2/2012
Robsky
Posts: 3,626
Off Topic
Opinion:No Opinion
Price:1.13
View Thread (3)
RE: operatorship
11 Nov '14
Baks one would assume that these two wells in Osage are still pumping away holding acreage, suggestion is that they are old codgers and not worth a mention OCC and were going before data reporting came about, also the fact that Magnolia does not come to the fore as operator in any other well in Oklahoma bar Woger S.( operator 22814) not to be confused with Magnolia Petroleum Ltd(operator 12584).
MrEnglish
Posts: 757
Observation
Opinion:No Opinion
Price:1.13
View Thread (4)
RE: strong buys
11 Nov '14
I'd argue that the strong buying pressure of the past week, a quick count up (from 4/11/14) has the buys being 5m more than sells, has finally moved the SP up from 1.12p to 1.15p.

[Early yesterday I was getting quoted 1.18p to buy, but then to 1m buy and 1m sell went through and things settled down]
bakoven
Posts: 3,655
Off Topic
Opinion:No Opinion
Price:1.13
View Thread (3)
operatorship
11 Nov '14
Coincidental to the Hangtown llc subject, I was going through some back issues/RNSs in an attempt to see where we have lost early momentum. There is one aspect where we fell short of aspirations: (in caps) OPERATORSHIP. TulsaWorld put out the company's mesaage in July 2012. To my knowledge nothing more materialised from the KS/OK border. So what changed perceptions?

http://www.tulsaworld.com/archives/british-firm-operating-wells-in-oklahoma-field/article_36b95692-abed-59a2-9de1-15165262ec4b.html
See also -
http://www.investegate.co.uk/magnolia-petroleum-plc--magp-/prn/positive-update-on-operations-in-oklahoma/20120611070000PD6C7/

* Assumed operatorship for the first time through workover of two producing wells (Osage Lynn and Solman)

As Roger #1 periodically gets a mention here, we should remember that RFW was contemplating workover up-hole on one of the shallower formations. Understandably such a proposal will not take place until production from the well falls to near zero.

Robsky -- Owing to the work roster you more than anyone might be in a position to make a decent fist of individual well production. One that I check periodically is GreenAcres 1-36H, primarily because Grady is one of the leading counties where we should be making real effort to acquire more acreage. The well's figures from February - September are

1-36H 7,609.40 12,288.69 9,185.08 9,092.24 8,904.05 8,472.73 7,918.83

Decline rates are acceptable which is possibly due to presence of sandstone (porosity) in the structure.

re: Share price -- No point in dwelling on it but my burning curiosity is to learn what has been going on in the background for a considerable time.

Robsky
Posts: 3,626
Off Topic
Opinion:No Opinion
Price:1.13
View Thread (4)
RE: strong buys
11 Nov '14
someone accumulating maybe ? and no effect on the SP lol those mm's playing a crafty game.
MrEnglish
Posts: 757
Observation
Opinion:No Opinion
Price:1.13
View Thread (4)
RE: strong buys
11 Nov '14
There have been some strong buys going back to last Thursday.
Robsky
Posts: 3,626
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





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