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 reports 'highly active' first quarter
Mon, 15th Apr 2013 11:23
AIM-listed oil and gas exploration and production company Magnolia Petroleum has published a quarterly update indicating a highly active first three months of the year.The company reported having an interest in 96 producing wells as at end of the first quarter of 2013 and a current total of 104 producing wells.Initial production rates for 10 wells were disclosed and the company said that it had elected to participate in an additional 11. Some 985 net mineral acres was acquired in the Montana section of the company's Bakken/Three Forks Sanish formation, bringing total acreage acquired in the district to 7,866.Rita Whittington, Chief operating Officer at Magnolia Petroleum, commented: "This has been another highly active quarter for the company, during which we reported initial production rates for 10 wells, elected to participate in a further 11, and increased our net mineral acreage to over 12,700 in proven US onshore formations. She added: "The momentum has continued into the current quarter. Since period end, the number of producing wells in which we have an interest has increased to 104 and we continue to receive multiple new well proposals, reflecting the considerable potential of the acreage we hold."Magnolia Petroleum's share price was up 0.89% to 2.82p at 11:19 on Monday. 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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