Wed, 05th Jun 2013 10:42
Shares in Magnolia Petroleum leapt after the US oil & gas explorer said its daily production had risen more than 70% in just three months. Magnolia said an independent production report had shown an increase in its net daily production to 257 barrels of oil equivalent per day (boepd) at 1 July from
Read moreLONDON (Alliance News) - Magnolia Petroleum PLC Thursday said it has started production at its Parmley 1-1WH well site and is participating in six new wells in Oklahoma at a cost of USD899,808. The US-focused onshore oil and gas production company, which takes small stakes in multiple wells
Read moreLONDON (Alliance News) - UK shares are higher at open Thursday, ahead of some US economic data later in the day.
B&Q and Screwfix owner Kingfisher is leading FTSE 100 fallers, down 5.4%. Despite showing a strong increase in its retail profit for the first quarte
LONDON (Alliance News) - Magnolia Petroleum PLC Tuesday said the borrowing base limit of its credit facility has been increased for the second time since securing the facility. In a statement, the US onshore focused oil and gas exploration and production company said the borrowing bas
Read moreLONDON (Alliance News) - Magnolia Petroleum PLC Wednesday said its pretax loss narrowed in 2013 as its strategy to rapidly increase production led to a 48% increase in the number of wells on its leases and a more-than-tripling its revenues during the period. The US-focused onshore oil and g
Read moreLONDON (Alliance News) - AstraZeneca Tuesday set out its defence against a GBP63 billion takeover offer from US rival Pfizer Inc, urging its investors to be patient because it is set to grow quickly after it invests in its pipeline and transforms the company over the next few
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