If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
To date, this pilot programme has generated a rate of return of 100%; a return on investment of 3.26 times; US$75,500 in value for Magnolia (lease bonus plus a carried interest for 25% in the first well, within each spacing unit); and US$127,982 uplift in the PV9 value of Magnolia’s reserves. Is this why we had all of the buying over the last few days ???
https://www.investegate.co.uk/magnolia-petroleum-plc--magp-/prn/gilchrist-well-ip-rates-exceed-expectations/20171214070000PA955/ 5p per haps ;-P
You are warmly invited to attend Proactive Investors' One2One Mining Forum which is taking place on Thursday 11th January at The Chesterfield Mayfair Hotel from 6pm. Presenting on the evening will be Kibo Mining (LON:KIBO), Chaarat Gold (LON:CGH), Royal Road Minerals (CVE:RYR), Neo Lithium (CVC:NLC) & Firesteel Resources (CVE:FTR). Chaarat Gold (LON:CGH - Market Cap: £76 Million) Chaarat Gold is an exploration and development company operating in the Kyrgyz Republic with a large, high grade resource - the Chaarat Gold project. Chaarat is on track to release a resource update for the Tulkubash leach project in the Kyrgyz Republic in January 2018 followed by the completion of a feasibility study due to be completed during the first quarter. Chief Executive Robert Benbow will be on hand to present on behalf of the company.
https://www.msn.com/en-gb/money/news/saudi-arabia-is-reportedly-planning-to-hike-petrol-prices-by-80percent/ar-BBGDobd?ocid=spartandhp So will we ever see 50p per share??? I don't think this will go any ware until the money is invested and the OIL & GAS can be seen coming into the pipeline So that could be another 6 months if that . At the end of the day it is only money and I can't spend it all on dog chews ;-D. We are still here so all we can hope for is a breakeven point sometime The only thing is if we obtain another 12 new wells, which have an aggregate net cost of US$270,300, as in RNS http://magnoliapetroleum.com/wp-content/uploads/2017/11/12-New-Wells-19.04.17-Final.pdf There must be some return in income sometime surly
So what will they do with this info today take us UP or DOWN??????
Western Energy Development LLC WED is an affiliate of Western Energy Regional Center LLC, a United States Citizenship and Immigration Services - designated Regional Centre which can accept investment in job-creating projects from foreign nationals through the Immigrant Investor Programme.Â
Magnolia CEO, Rita Whittington said, “The first US$500,000 under the US$18.5 million agreement with WED represents a major milestone for Magnolia. Thanks to the quantum of funds involved, the fees generated, and the 25% carried interest in new wells, the WED agreement promises to accelerate our strategy which is to generate value through the acquisition and development of leases in productive US onshore formations alongside established operators such as Devon Energy and Continental Resources.  The management fees will complement the revenues generated by our portfolio of interests in over 150 producing wells; while our carried interest in new wells will provide de-risked, nil cost entry into attractive leases.†Western Energy Development LLC CEO, Greg Neher said, “We expect today’s US$500,000 investment will be the first of many and we look forward to working closely with the Magnolia team with a view to replicating the success of the pilot programme on a much larger scale. We feel confident in our near-term competitive position because amendments to the EB-5 programme currently being considered by the US Congress have the potential to accelerate our growth.  Specifically, two changes contemplated in proposed bills: firstly a dramatically shorter visa issuance wait for applicants that invest in rural projects such as WED’s compared to urban real estate projects; and secondly an almost doubling in the EB-5 minimum investment amount — meaning we require fewer investors to reach or exceed our targets.â€
Magnolia Petroleum plc, the AIM quoted US focused oil and gas exploration and production company, is pleased to announce Western Energy Development LLC (‘WED’) has received the first US$500,000 tranche of capital as part of its exclusive US$18.5 million capital management agreement with Magnolia.  Magnolia will invest these funds into oil and gas properties in Oklahoma that qualify under the US Immigrant Investor Programme and in return will earn fees and equity in new wells and leases. As announced on 4 July 2017, Magnolia entered into an exclusive agreement with WED to invest, on behalf of WED, up to US$18.5 million into the Oklahoma oil and gas market. In return Magnolia receives cash fees as well as a 25% carried working interest in the first well in each spacing unit. A pilot programme in which Magnolia invested US$500,000 on behalf of WED into qualifying oil and gas properties in Oklahoma, generated US$75,500 in value for Magnolia in terms of lease bonus and the carried interest for 25% in the first well within each spacing unit; plus an additional US$127,982 uplift in the PV9 value of Magnolia’s reserves. To date, the pilot programme has generated a rate of return of 100% and a return on investment of 3.26 times.
https://finance.yahoo.com/news/does-magnolia-petroleum-plc-aim-080706078.html Time will tell !!
http://www.foxbusiness.com/markets/2017/12/03/oil-prices-fall-after-u-s-drillers-add-rigs.html
Morning smidsy I just had a puppy dream that we were at full sail as well ;-( Not to be just have to go back and play with my ball now!!
https://www.wsj.com/articles/oil-nudges-higher-ahead-of-opec-meeting-1512034256
Try this stisbury2405 Last Thursday in November tomorrow so perhaps a little RNS note to take us up to Xmas perhaps RITA IF not I think smidsy is bang on WITH Q4 update ;-(( so we will have to amuse ourselves with festive cheer !!! SO The proper behaviour all through the holiday season is to be drunk. This drunkenness culminates on New Year�s Eve, when you get so drunk you kiss the person you�re married to ;-P Best stock up the bar smidsy CD TO START WITH https://www.bing.com/videos/search?q=xmas+party+songs+playlist&view=detail&mid=0D71923029D6BC620E420D71923029D6BC620E42&FORM=VIRE
https://www.fxempire.com/forecasts/article/natural-gas-price-fundamental-daily-forecast-speculative-rally-could-strengthen-on-sustained-move-over-3-161-454040 https://www.bing.com/search?q=let+it+go&form=EDGHPT&qs=SC&cvid=f78fe79e20af478f9176b1a52021c01f&cc=GB&setlang=en-GB
https://www.bloomberg.com/news/articles/2017-11-28/yuletide-weather-will-make-or-break-this-u-s-natural-gas-rally Are you going to open any valves Rita ??????
https://www.cnbc.com/2017/11/27/brent-crude-oil-may-hit-80-in-the-next-year-says-jim-oneill.html Rita what's happening holiday is over so we need an update before Xmas Please ;-D