3 Sep 2014 11:52
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Magnolia Petroleum Information
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Don't have an account? Click here to register.Magnolia Petroleum participates in three new wells
Tue, 11th Jun 2013 10:13
AIM-listed US onshore-focused oil and gas company Magnolia Petroleum has reported its participation in three new wells in Oklahoma including a Mississippi Lime formation well in which Magnolia has a 10 per cent working interest. Magnolia Petroleum said that this was in line with the company's strategy to increase the size of its interests in wells in which it had been participating in alongside established operators to rapidly grow net production and reserves. The company said that it would be participating in the wells for an aggregate net cost of $392,370.Rita Whittington, Chief Operating Officer at Magnolia Petroleum, commented: "We continue to increase our average interest in wells in proven US onshore formations. Along with the well today, this year we have announced the Blaser targeting the Mississippi Lime in which we have a 12.5% working interest, as well as our 5.4% interests in the Marathon operated Gustafson and Helgeson wells in the prolific Bakken, North Dakota."Magnolia Petroleum's share price was down 2.97% to 2.45p at 10:20 on Tuesday.MF
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29 Aug 2014 11:36
22 Aug 2014 14:59
Magnolia Petroleum shares rise on production bounce
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 more30 Jul 2014 10:41
29 May 2014 10:54
Magnolia Petroleum Increases Production, Participates In Six New Wells
LONDON (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 more29 May 2014 07:25
UK MORNING BRIEFING: Kingfisher Shares Fall 5% Amid Firm Open
LONDON (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
20 May 2014 13:00
Magnolia Petroleum Secures Second Increase In Credit Facility
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 more14 May 2014 08:59
Magnolia Petroleum Pretax Loss Narrows On Production Increases
LONDON (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 more6 May 2014 11:22
UK MIDDAY BRIEFING: AstraZeneca Asks For Investor Patience
LONDON (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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