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Notice of AGM

30 May 2012 17:29

Magnolia Petroleum Plc / Index: AIM / Epic: MAGP / Sector: Oil & Gas

30 May 2012 Magnolia Petroleum Plc (`Magnolia' or `the Company') Notice of AGM and Posting of Reports & Accounts

Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, announces that the Company's Annual Report and Accounts for the period ended 31 December 2011, has been posted to shareholders today. An electronic copy of the Reports and Accounts is also available on the Company's website (www.magnoliapetroleum.com).

The Company also announces that the Annual General Meeting of Magnolia will be held at 18452 E 111th, Broken Arrow, Oklahoma, OK74011, USA on Friday 29 June 2012 at 10.00am Central Daylight Time.

* * ENDS * *

For further information on Magnolia Petroleum Plc visit www.magnoliapetroleum.com or contact the following:

Steven Snead Magnolia Petroleum Plc +01 918 449 8750 Rita Whittington Magnolia Petroleum Plc +01 918 449 8750 Antony Legge / James Thomas Daniel Stewart & Company Plc +44 (0) 20 7776 6550

John Howes / John-Henry Northland Capital Partners +44 (0) 20 7796 8800Wicks Limited Lottie Brocklehurst St Brides Media and Finance +44 (0) 20 7236 1177 Ltd Frank Buhagiar St Brides Media and Finance +44 (0) 20 7236 1177 Ltd Notes

Magnolia Petroleum Plc is an AIM quoted, US focussed, oil and gas exploration and production company. Its portfolio includes interests in 74 producing and non-producing assets, primarily located in the highly productive Bakken/Three Forks Sanish hydrocarbon formations in North Dakota as well as the oil rich Mississippi Lime and the substantial and proven Woodford and Hunton formations in Oklahoma.

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