Member Info for smidsy

The SP is creeping up on every buy.

Glad to see that you are awake lol You just beat me to it with your post but as ever great minds think alike. :-)

6 million just bought @ 0.11p Third on the leader board. Where is everybody? A stonking RNS and not a sausage from the regulars. Come on wake up and smell the coffee.

Ask 0.14p

Transaction#1: Farm out of six Marathon Oil-operated wells in North Dakota Further to its announcement of 20 May 2017, Magnolia has agreed to farm-out (‘the Farm-Out’) its interest in six Marathon Oil-operated wells targeting the Bakken and Three Forks Sanish formations in North Dakota for an upfront cash consideration of US$150,000. Magnolia did not incur any costs in relation to these interests. In addition to receiving an upfront cash payment, Magnolia will retain an interest in all six wells via a back-in after payout arrangement, providing the Company with exposure to future production and cash flow. As a result of the Farm-Out, Magnolia will no longer be required to pay any of its share of the costs for drilling and completing the six wells.

This is a cracking statement :- Magnolia CEO, Rita Whittington said, “After securing what we regard as a game-changing agreement with WED to invest and manage on their behalf up to US$18.5 million of foreign capital under the US Immigrant Investor Programme, today’s transactions are part of a re-evaluation and realignment of our portfolio to participate alongside WED. By providing Magnolia with an additional revenue stream based on asset management services as well as low risk expansion of our lease position and well count, WED represents an excellent platform with which to fast-track our objective to generate substantial value, and we intend to take full advantage of this opportunity.

Full steam ahead. Set all sails for the trip to the land of milk and honey. This shows us that Rita has been busy for the past few weeks.

check out the Ask on NEX. why the difference?

Troy, at least it's a start. lol

http://magnoliapetroleum.com/wp-content/uploads/2017/05/MAGP-Marathon-Wells-30.05.17-Final.pdf

Check out the 'Extrapolating the pilot programme'. Am i reading this right that the plan is to have 962 operating Wells in the next couple of years.?

RNS on ntog

I would imagine that Mr. English and discopabalo to name but two are breathing a huge sigh of relief this morning. :-)

I can see Robsky doing a Scottish Reel jumping over the crossed swords drinking from a bottle of 12 yr, old Malt.

How about this CD https://www.google.co.uk/search?q=the+battle+is+over+on+bagpipes&rlz=1C1JZAP_enGB746GB746&oq=the&aqs=chrome.0.69i59j69i61j69i65j69i57j0l2.2302j0j7&sourceid=chrome&ie=UTF-8

Back to the Pointer Sisters ha ha :-) Bring it on Rita let's get SS Maggie under full sail.

Rita wins the battle without a shot being fired.

GD7 where have you been? I did a post last week with this tune. lol ;-)

Good old Rita. Comes out firing from the hip. She is not taking any prisoners. It's the final countdown. :-)

Stogmot, to vote for Rita you are voting against all three resolutions.