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MAGNOLIA PETROLEUM - new kid on the block (MAGP)     

Alex 36 - 21 Dec 2011 17:55

MAGNOLIA PETROLEUM PLC





USA Focused Oil and Gas Company

Website

epic - MAGP

Magnolia Petroleum plc..... is an AIM listed oil and gas production company
focused on the acquisition, exploitation and development of oil and gas
properties primarily located onshore in the United States. Lead by a highly
skilled management team with over 100 years combined experience in the
on shore oil and gas industry, the Company already has interests in over 60
producing properties and significant acreage in two major project areas,
the potentially game-changing and highly productive Bakken shale in North
Dakota and the proven Woodford and Hunton formations in Oklahoma.
The Company is also currently targeting the Mississippi Formation in
Oklahoma, a known play with proven and substantial reservoirs.

Recent Analyst Report:

Magnolia Petroleum is an independent oil and gas company based in Tulsa, Oklahoma with non-operated interests in two of the most active unconventional resource plays in North America; the Bakken and the Woodford, and plans to acquire new acreage working as an operator in the nascent Mississippi Lime Play.

Earlier in 2011, Magnolia participated with Chesapeake in‘The Sundance Mississippian Lime’ well which paid back to Magnolia costs within three months of drilling.Magnolia’s recent funding which accompanied its move to AiM will allow the company to begin acquiring leases and to build a position in this upcoming play.

An early entrant into the Bakken and Woodford, Magnolia captured early value and has just scored its most successful well to date with the recent Drone 1-34-27H.This well has recorded excellent initial production rates of 1,199 barrels of oil per day and 441 MCF gas per day; albeit being ‘early days’, we believe it is sufficiently encouraging to suggest a near doubling of engineering projections for the well, with likely formal upgrades to follow.

An early estimate would be that this would generate between $146,000 and $228,000 of net revenue above baseline engineering projections to Magnolia over the well life – all other things being equal.The interesting bit is that this was Magnolia’s first 32- stage frac well and if it turns out to be the case that the success seen in the Drone well is repeated as more complex completions are regularly applied and as evidenced by the Skunk Creek and Stocke well announcements. This may fundamentally improve the underlying valuation of the company.

Our post-money corporate valuation is £10.3m which equates to 1.8p/share based on a sum of the parts valuation.

FULL REPORT HERE:

Hardmans Report 7th December 2011



Alex 36 - 21 Dec 2011 19:20 - 2 of 140

Just added a recent analyst report compiled by hardmans and Co and is worth
a read.


Hardman report - click here

Maxo - 21 Dec 2011 20:34 - 3 of 140

alex36 i have had an eye on this one looks good

Alex 36 - 21 Dec 2011 22:36 - 4 of 140

hi maxo

Yes it certainly does and the company have so many current operations and well
participations going on,in the last RNS release the company said "expect more news
as we move into 2012"

Magnolia Petroleum Plc

Additional Wells Agreed and Production Update

20 December 2011

Magnolia Petroleum Plc (`Magnolia' or `the Company')

Participation in Four Additional Wells in the Bakken Formation, North Dakota
and Hunton Formation, Oklahoma and Production Update for Hunton Well

Magnolia Petroleum Plc, the AIM quoted US focussed oil and gas exploration and
production company, announces positive updates on certain non-producing assets
within the highly productive Bakken and Three Forks Sanish hydrocarbon
formations, North Dakota and in the Hunton Formation, Oklahoma and on the
producing Zenyatta 1-6 well in Oklahoma.

Overview

* Participating in the drilling of two new wells in the Bakken / Three Fork
Sanish Formations with leading US oil and gas operator, Marathon Oil
Company

* Participating in the drilling of two new wells in the Hunton Formation,
Oklahoma

* Production commenced from Zenyatta 1-6 well in Oklahoma with Avalon Oil &
Gas III, LLC, producing an average of 79.66 barrels of oil per day and
118.18 MCF of gas per day - production increasing

Rita Whittington, COO of Magnolia Petroleum, said, "This is an extremely
exciting time for the Company as we are now receiving multiple proposals for
wells on both the Three Forks Sanish and Bakken Formations acreage from leading
operators such as Marathon Oil Company. Today's news is in line with the
expected drilling for 2012, as set out in our Admission document and in this
regard I am delighted to report Magnolia is delivering on its strategic
targets.

"While the Bakken Formation, in which we are active, continues to excite strong
interest, our assets in Oklahoma are also looking highly promising and we
anticipate a steady flow of news as we move into 2012."

Full Details

Bakken/Three Forks Sanish, North Dakota

The two new wells announced today in the Bakken/Three Forks Sanish Interest is
in line with the Admission Document of 15 November 2011, in which Magnolia
referred to participating in the drilling of four new wells on its acreage.

* Eckelberg 14-23H infill well in Dunn County, North Dakota (0.53367% working
interest) in partnership with Marathon Oil Company, located in Sections 14
& 23-146N-93W. This well will be drilled to the Middle Bakken Sandstone
interval and is expected to be completed with a 30 stage frac at a cost to
Magnolia of approximately US$43,232.

* Eckelberg 14-23TFH infill well in Dunn County, North Dakota (0.53367%
working interest) in partnership with Marathon Oil Company drilling to the
Three Forks Sanish Formation using the same pad as the above well. The
well, anticipated to spud on 12 January 2012, is expected to be completed
with a 30 stage frac at a cost to Magnolia of approximately US$44,933.

Both Eckelberg wells will be drilled within the same spacing unit as the Clive
Pelton 34-23H well, which was drilled to the Middle Bakken Sandstone Interval
by Marathon Oil Company and participated in by the Company in 2008. The Pelton
well was completed with a single stage frac with an initial production of 483
barrels of oil per day and 148 MCF of gas per day. In comparison, the two new
Eckelberg wells will be completed with 30 stage fracs, and as a result, the
directors believe that production from these two new wells should be
substantially higher.

Hunton Formation, Oklahoma

Magnolia, with its 1.057% working interest, has elected to participate with
Avalon Oil & Gas III, LLC in an infill well, Zenyatta 2-6, located within the
same spacing unit as Zenyatta 1-6, to test the Upper Hunton interval. The
expected spud date is 15 January 2012.

In addition, Magnolia has elected to participate in a further Hunton well,
located in Pottawatomie County, Oklahoma with a 0.8333% working interest. This
well will be drilled by Paul Gillham Oil Company, which has had previous
successes in the area. Magnolia estimates that the cost to the Company of
participating in this well will be approximately US$11,745.

Magnolia recently participated with its 1.057% working interest in the drilling
and completion of the Zenyatta 1-6 well, located in Section 6-8N-2E,
Pottawatomie County, Oklahoma with Avalon Oil & Gas III, LLC. This well was
drilled in the Hunton Formation. Production was established in October 2011 and
is steadily climbing. The well is currently producing an average of 79.66
barrels of oil per day and 118.18 MCF of gas per day and has gross proved
reserves of 77.90 Mbbl.

Alex 36 - 22 Dec 2011 01:16 - 5 of 140

Have just added a recent report into the main intro for ease of viewing and
with link.

Maxo - 22 Dec 2011 08:36 - 6 of 140

alex36 thanks very much for the info

Alex 36 - 22 Dec 2011 09:03 - 7 of 140

MAXO

In the last rns they said there will be newsflow as we move into 2012 and that could
be on the oklahoma wells which could be 2500+ bopd

davyboy - 22 Dec 2011 11:00 - 8 of 140

alex i have just found out about this one and think it looks very good so will be
joining you shortly with a few k

Alex 36 - 22 Dec 2011 13:53 - 9 of 140

davyboy

Magnolia is flying today and seems there is some rumours of some good news coming
over xmas period in OKLAHOMA and also a farm in on one of its plays. INTERESTING.

Recent broker report had a 1.8p near term target

skinny - 22 Dec 2011 13:56 - 10 of 140

Not of much use with a 25% spread.

Alex 36 - 22 Dec 2011 17:26 - 11 of 140

Skinny it was not a big spread all day and it closed 0.6p - 0.65p which
is 19% up on day !

Alex 36 - 22 Dec 2011 22:22 - 12 of 140

Recent Rns

Magnolia Petroleum Plc (`Magnolia' or `the Company')

Operations Update in the Highly Productive Bakken/Three Forks Sanish hydrocarbon formations, North Dakota

Magnolia Petroleum Plc, the AIM listed US focussed oil and gas exploration and production company, is pleased to announce a positive update on its operations in North Dakota where the Company has a portfolio of interests in the potentially game-changing and highly productive Bakken/Three Forks Sanish hydrocarbon formations.

Overview

* Successful drilling of the two Skunk Creek Wells located in the Bakken/

*Three Forks Sanish formations, Dunn County, North Dakota

+ Magnolia participated with a 0.59% interest in the drilling of each well with Kodiak Exploration

+ Highly encouraging initial shows and subsequent application made to
drill an additional three Bakken wells and three Three Forks Sanish wells within the same 1,280 acre spacing unit

+ On completion of these further six wells,a substantial increase in overall production attributable to Magnolia is expected

+ Completion of both wells expected to commence by end of 2011 - between
23 and 24 multi stage frac techniques are to be performed on the two wells

* Stocke 1-4-9H well, located in McKenzie County, North Dakota, now reached
total depth, awaiting completion + Magnolia participating with Hunt Oil Company
with a 3.17% working interest

Magnolia Petroleum COO, Rita Whittington said, "We are delighted to be able to provide our shareholders with such a positive update on our operations so close to our listing on AIM last month. The successful drilling of the two wells at Skunk Creek and reaching total depth in the Stocke well provides us with huge encouragement as we continue to participate in drilling in the highly productive Bakken/Three Forks Sanish formations. We are particularly excited about the Skunk Creek Three Forks Sanish well, as Moyes & Co. our Competent Person singled out this well as a trigger for a significant shift in Magnolia's reserve categories once the well has been successfully drilled and is producing.

"Modern technology such as multi-stage frac techniques used in the completion of horizontal wells has increased production tremendously in non-conventional oil and gas plays. Magnolia's participation in the Drone well, completed as a 30 stage frac, yielded an initial production of 1,199 barrels of oil per day, and nearly trebled Magnolia's net production interests to approximately 20 barrels per day. We are extremely pleased with the Company's participation in successful drilling programmes to date and our highly experienced Board anticipates the Stocke and Skunk Creek wells will prove to be highly productive and will add to our outstanding success rate to date. With this in mind, I very much look forward to updating shareholders on our progress".

---------------------------------
Another

20 December 2011





Magnolia Petroleum Plc (`Magnolia' or `the Company')





Participation in Four Additional Wells in the Bakken Formation, North Dakota



and Hunton Formation, Oklahoma and Production Update for Hunton Well



Magnolia Petroleum Plc, the AIM quoted US focussed oil and gas exploration and production company, announces positive updates on certain non-producing assets within the highly productive Bakken and Three Forks Sanish hydrocarbon formations, North Dakota and in the Hunton Formation, Oklahoma and on the producing Zenyatta 1-6 well in Oklahoma.



Overview





* Participating in the drilling of two new wells in the Bakken / Three Fork

Sanish Formations with leading US oil and gas operator, Marathon Oil

Company

* Participating in the drilling of two new wells in the Hunton Formation,

Oklahoma

* Production commenced from Zenyatta 1-6 well in Oklahoma with Avalon Oil &

Gas III, LLC, producing an average of 79.66 barrels of oil per day and

118.18 MCF of gas per day - production increasing





Rita Whittington, COO of Magnolia Petroleum, said, "This is an extremely exciting time for the Company as we are now receiving multiple proposals for wells on both the Three Forks Sanish and Bakken Formations acreage from leading operators such as Marathon Oil Company. Today's news is in line with the expected drilling for 2012, as set out in our Admission document and in this regard I am delighted to report Magnolia is delivering on its strategic targets.



"While the Bakken Formation, in which we are active, continues to excite strong interest, our assets in Oklahoma are also looking highly promising and we anticipate a steady flow of news as we move into 2012."



Full Details



Bakken/Three Forks Sanish, North Dakota



The two new wells announced today in the Bakken/Three Forks Sanish Interest is in line with the Admission Document of 15 November 2011, in which Magnolia referred to participating in the drilling of four new wells on its acreage.





* Eckelberg 14-23H infill well in Dunn County, North Dakota (0.53367% working

interest) in partnership with Marathon Oil Company, located in Sections 14

& 23-146N-93W. This well will be drilled to the Middle Bakken Sandstone

interval and is expected to be completed with a 30 stage frac at a cost to

Magnolia of approximately US$43,232.

* Eckelberg 14-23TFH infill well in Dunn County, North Dakota (0.53367%

working interest) in partnership with Marathon Oil Company drilling to the

Three Forks Sanish Formation using the same pad as the above well. The

well, anticipated to spud on 12 January 2012, is expected to be completed

with a 30 stage frac at a cost to Magnolia of approximately US$44,933.





Maxo - 23 Dec 2011 08:09 - 13 of 140

alex, happy xmas !!!! i see from those rns that magnolia are active on a number
of wells at moment

gibby - 09 Jan 2012 11:24 - 14 of 140

whoops see peeps getting locked in here today - all the large trades 1m + have been sells - smart money getting out - small pi buying only probably following ramps on various sites - gla

Lord Gnome - 09 Jan 2012 21:38 - 15 of 140

I don't think so gibby. Huge volume today with trade equivalent to over 25% of the company's stock. Strong close, and a move up on good volume should be sustained. Lots of news to come which will drive interest. Could be a good stock to hold or a stock to trade over the next 12 months. USA shale gas plays are a market sweet spot at the moment and this one has momentum.

2517GEORGE - 11 Jan 2012 12:46 - 16 of 140

Bought in today for an exciting and profitable ride (hopefully).
2517

gibby - 19 Jan 2012 20:43 - 17 of 140

well done 2517 you must be in profit - i sat this one out - just wasnt convinced at the time - i looked again today but am i right in saying that today's rns upgrade magp have only 1.5% of that - i only sped read the rns so could be wrong? if there is some weakness here think i may have a dabble - i realise they seem to have multiple targets which in itself should be good - i need to research this one more me thinks - did i see a target here of 11p or was it more cant quite remember? cheers

Lord Gnome - 20 Jan 2012 09:11 - 18 of 140

It was a positive RNS - but not 1.5% - just 0.015%!!!

I had to smile to myself. An RNS to announce a small increase in our 0.01543% interest! How the heck could anyone end up with an interest that small or that precise. At 6,000 bpd gross, that's worth about 9.25 bpd to MAGP and an increase of just 0.925 bpd or about $100 per day less expenses. That is by far the lowest value RNS I have ever read. No wonder ExxonMobile didn't hit the front pages with this one. Oh.... and it hasn't even happened yet.
Holding shares in this company is going to be fun ;-))

Lord Gnome - 24 Jan 2012 19:46 - 19 of 140

Another good move up today on good volume. Looks like we've said goodbye to the 1p level.

unluckyboy - 25 Jan 2012 10:46 - 20 of 140

Christmas has either come early or late, up up up and away.

riviera1069 - 25 Jan 2012 12:35 - 21 of 140

Cheers Alex for sticking this one up last month. I am enjoying the ride and still holding. Riv
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