Member Info for Guidedog7

Magnolia CEO, Rita Whittington said, �Thanks to Gilchrist�s better than expected IP rates, these three new wells have been materially de-risked, specifically in terms of geological risk. They therefore have the potential to significantly add to the US$200,000 of value generated for Magnolia by the successful US$500,000 pilot programme with WED. We are focused on replicating this success many times over and with this in mind, we are currently investing the first US$500,000 tranche of capital received under the US$18.5 million WED agreement. I look forward to providing further updates in due course, as we look to increase our total production and reserves across our portfolio of interests in proven US onshore formations.� Further Information on Western Energy Regional Center LLC WED is an affiliate of Western Energy Regional Center LLC, a United States Citizenship and Immigration Services (�USCIS�)-designated Regional Center which can accept investment in job-creating projects from foreign nationals through the Immigrant Investor Program.

So will Q4 break even or will we have a loss. The BOD have sold some wells, poo went + $55 - $60 so should be a bit more positive ;-D

https://oilprice.com/Energy/Energy-General/US-Rig-Count-Dips-As-Oil-Prices-Hold-Steady.html

Magnolia CEO, Rita Whittington said, �These three wells highlight the prolific nature of the STACK play in Oklahoma which, together with the SCOOP, is an area where we are increasingly focusing our activity, both independently as well as via our US$18.5 million capital management agreement with Western Energy Development LLC. We expect to invest the initial US$500,000 from WED and subsequent tranches we receive under the agreement into leases in these two plays which, as well as earning fees for Magnolia, will also result in us gaining a free carry into new wells drilled. Our focus on the highly active STACK and SCOOP plays, together with our agreement with WED promise to kickstart our strategy to significantly grow our production and reserves through the acquisition and development of leases alongside established operators such as Continental Resources. As a result, we are confident the year ahead will see a step-up in activity and I look forward to providing further updates on our progress.�

http://magnoliapetroleum.com/wp-content/uploads/2017/12/MAGP-First-EB5-11.12.17-FINAL.pdf

https://www.forbes.com/sites/christopherhelman/2018/01/03/natural-gas-demand-hits-record-as-cold-bomb-targets-northeast/#2a4c26bfaacd

https://www.cnbc.com/2018/01/03/oil-prices-are-poised-to-fall-because-theres-little-left-to-do-but-sell.html

https://www.reuters.com/article/global-oil/oil-marks-highest-january-opening-price-since-2014-idUSL4N1OX06I?feedType=RSS&virtualBrandChannel=11563 Q4 RESULTS out soon !!!! hopefully MAGP at break even point by now !!!!!

https://www.forbes.com/sites/daneberhart/2017/12/29/u-s-energy-markets-set-to-kick-off-2018-with-a-bang/#41451e58422b

https://www.cnbc.com/2017/12/26/reuters-america-update-9-oil-soars-u-s-crude-hits-60bbl-for-first-time-since-mid-2015.html

Hi smidsy it is probably the city boys and girls are spending the xmas bonuses. Unlike us silver surfers we have to wait until pension day ;-( Anyway now we are at the highs of 5p I can't spare the cash and as we all know us old boys and girls need a minimum of 50p to break even :-((((( If father xmas is kind he may give us an uplift or some spending money ;-P Can't see Rita giving out any dividend for a few years so just hope the SP will cover at the end of the day :-D Off to catch a Turkey they can't half run this time of year ;-))) almost as bad as Robsky' s haggis

Morning Mr E there was two RNS issued last night !! Re Price Monitoring Extension Probably looking at the just an overview of us and checking us out due to share sp movement since Rita took control https://www.investegate.co.uk/Index.aspx?searchtype=3&words=magp https://finance.yahoo.com/quote/MAGP.L?p=MAGP.L

Some MM's may spend Xmas in Her Majesty's Prison Service if found out !!!!!!! And about time to ;-P

Here is your xmas CD dividend payment for the year smidsy https://www.youtube.com/watch?v=Hj-fBHnOJdM

https://www.bloomberg.com/news/articles/2017-12-17/oil-holds-gains-near-57-as-u-s-drillers-trim-crude-rig-count

https://www.investegate.co.uk/chaarat-gold-hlgs-ld--cgh-/rns/funds-raised-to-advance-the-tulkubash-hl-project/201712180700045767Z/

http://theamericanenergynews.com/energy-financial/rising-us-output-keeps-a-lid-on-oil-prices-gains

https://www.reuters.com/article/us-global-oil/oil-prices-rise-on-north-sea-pipeline-outage-but-growing-us-output-looms-idUSKBN1E904D So with the 300k in the piggy bank from the placing are the BOD out on the Gilchrist 2016 1-36H well site marking out the next drilling position ;-D. You never know MAGP may even be able to buy back some of these shares in the future to allow us old boys and girls to take advantage of a higher SP ????

https://www.cnbc.com/2017/12/13/oil-markets-focus-lower-us-crude-stock--growing-output-caps-gains.html Will this help Rita with the applicants for the EB-5 programme???

Still a long way from the 50p I need to break even ;-((((