Member Info for Guidedog7

http://www.bbc.co.uk/news/business Interserve 'is no Carillion' Shares in services group Interserve tumbled in the opening minutes of trading on Wednesday morning following a report by the Financial Times that the government is monitoring the company. Interserve's share price is down 8.68% at 110.5p. �Interserve has had its problems for sure, but it�s no Carillion," says Neil Wilson, senior market analyst at ETX Capital. He said: "Following write downs on contracts - a la Carillion, in October [Interserve] warned that it would likely breach banking covenants at the end of the year but managed in December to secure �180m in short-term funding and deferred the debt test until the end of March. "Last week it said discussions with lenders were progressing and a further announcement with regards to its longer-term funding arrangements will be made in due course. "Work to be done for sure but overall quite positive and gave nothing to suggest that it was being put on a financial health watch list."

https://www.cnbc.com/2018/01/16/oil-markets-focus-on-tighter-supplies-healthy-demand.html

Q4 IN THE REPORT? At leased we know that company seems stable after the move round of well sales with pv9 at the same values +/- a few k. Anybody HAD TIME TO WORK OUT SP Value with Pv9 at just over $4 million?????? No CD YET smidsy ????????

https://www.investegate.co.uk/magnolia-petroleum-plc--magp-/prn/updated-reserves-report/20180116070000PA156/

Overview: Total net PDP oil and condensate reserves of 274.475 Mbbl as at 1 January 2018 (1 January 2017: 282.686 Mbbl of oil and condensate) Total net PDP gas reserves of 1,692.497 MMCF as at 1 January 2018 (1 January 2017: 2,343.116 MMcf gas) Change in total net PDP reserves due to: the divestment of interests in the 13 Sympson Wells to align portfolio with counties that qualify for investment under the US$18.5m capital management agreement with Western Energy Development LLC (�WED�) and to pay down debt � as these were increased density wells, all 13 had been included in the January 2017 report the divestment of a number of non-core and low valued wells US$4,002,000 value (NPV9) of total net PDP reserves as at 1 January 2018 (1 January 2017: US$4,026,000) provides strong asset backing to current market capitalisation The Reserves will be used to re-determine the borrowing base limit of the Company�s US$6 million credit facility in February 2018 The Report only covers proved developed producing reserves and does not include proved shut-in, proved undeveloped, probable and possible reserve classes as well as Magnolia�s interests in undeveloped acreage

Rita Whittington, CEO of Magnolia, said, �The updated Reserves Report demonstrates the significant asset backing behind Magnolia, even after taking into account factors such as the realignment of our portfolio of producing wells over the period to those areas in Oklahoma where we will be focusing our activities under our US$18.5 million investment agreement with WED. These areas include the prolific SCOOP and STACK plays where operating costs are relatively low, recovery rates are high, and activity levels are increasing. �Having recently received the first US$500,000 tranche of the WED Agreement, we are currently deploying these funds into new leases and wells which, as well as generating fees for Magnolia, will also provide us with a free carry on the first wells drilled. As a result, I am confident that going forward the value of our PDP reserves will rise significantly, and I look forward to providing updates on our progress.�

http://noomag.com/2018/01/15/oil-prices-extend-gains-after-usa-production-drop.html

Poacher I think this is the bit that counts for us in the WED deal 1.5% up to 25% Magnolia receives cash fees as well as a 25% carried working interest in the first well of a spacing unit. Detailed here http://magnoliapetroleum.com/wp-content/uploads/2018/01/MAGP-Gilchrist-IDWells-08.01.18-Final.pdf ; If this works hopefully p1 value a lot higher plus SP up by mid summer ! poo at $60 + So do we buy more or Stick ????? until break even point RITA ITS 50P for me so hurry UP ;-O

https://www.marketwatch.com/story/us-natural-gas-supplies-mark-record-weekly-drop-2018-01-11?dist=etfs Everyone on the up even dare I say it but yes NTOG ;-(( Must be our turn this week if Q4 has been positive ;-D

Cant see MAGP here but at leased Continental Resources Inc are so in a way we are there but under the radar http://247wallst.com/energy-business/2018/01/13/15-major-oil-gas-energy-stocks-with-multiple-analyst-upgrades-and-price-hikes-for-big-gains-in-2018/

$3.07 per million BTUs Have you opened the valve Rita and converted GAS to CASH ;-O http://247wallst.com/energy-economy/2018/01/11/natural-gas-price-jumps-on-record-storage-withdrawal/

$64.54 BETTER LET RITA KNOW P1 VALUE JUST WENT UP AGAIN ;-D what about the SP !!!! smidsy I thought you old boys had electric cars now ;-O due to G force complications. Or has miss F been helping you out again ??? https://www.cnbc.com/2018/01/10/oil-markets-near-3-year-highs-on-tighter-us-market.html

Hi Robsky hopefully we will have an upbeat Q4 result and a better 2018. 2 x 100k buys just gone through so will Rita send out Q4 in the morning so we can all ponder it over the weekend or will it be next week???? MANIC MONDAY !!!!!!!!!! SEEMS GOOD FOR ME https://www.bing.com/videos/search?q=manic+monday+music&view=detail&mid=1D0FE6DE48CDE8309DC01D0FE6DE48CDE8309DC0&FORM=VIRE SO do us old timers buy more or stick as possible new investors will be better off buying NOW ;-)))

https://www.cnbc.com/2018/01/10/oil-is-close-to-levels-not-seen-since-the-thanksgiving-2014-bloodbath.html

https://www.forbes.com/sites/judeclemente/2018/01/07/what-happens-when-you-dont-build-natural-gas-pipelines/#42fd9c545fd6

https://www.cnbc.com/2018/01/08/us-oil-prices-hit-highest-since-2015-but-doubts-loom-over-rally.html

https://www.reuters.com/article/us-global-oil/u-s-oil-prices-hit-highest-since-2015-but-doubts-loom-over-rally-idUSKBN1EY059

Happy New Year Robsky I hope this is the start of the recovery and we will see more meat on the bones once the Q4 results are released. Only hope this year we will NOT see any more dilution and be able to fund these wells with income that is being generated from WED and other partners. It will be interesting to see our P1,P2,P3 values now after all the selling and new well interests, or will we need a competent persons report to state this, obviously the bank must be happier now not sure what how big the loan is now?? Not easy to find any data , don't know why it could be the WED connection keeping a tight hold on things.

https://www.upi.com/Oil-prices-inch-higher-on-US-rig-count-decline/7101515421597/ Will Rita ever be able to get market confidence back here??? I suppose until we see some numbers on the profit / loss sheet nothing much seems to excite the market ! Even smidsy forgot to play a CD this morning after the RNS ;-( Talk about a slow move up to 10p I need 50p as do many others here just to brake even ;-(((((

https://www.investegate.co.uk/magnolia-petroleum-plc/prn/participating-in-three-us-onshore-wells/20180108070000PFEBB/