January 16, 2018

Updated Reserves Report

Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, announces the results of an independent Reserves Report (‘the Report’) as part of the six-month bank debt redetermination process. The Report covers the Company’s net proved developed producing reserves (‘PDP’) across its leases in […]
January 8, 2018

Participating in Three SandRidge Energy Operated Wells in Oklahoma

Magnolia Petroleum plc, the AIM quoted US focused oil and gas exploration and production company, is pleased to announce that it has received notice from SandRidge Energy, the operator of the Gilchrist 2016 1-36H well (‘Gilchrist’) in Oklahoma, that three additional increased density wells are to be drilled on the […]
January 3, 2018

Production Update for Three US Onshore Wells

Magnolia Petroleum plc, the AIM quoted US focused oil and gas exploration and production company, is pleased to provide a production update for three new wells that have recently come online and are now producing from the Mississippi Lime formation in the prolific STACK (‘Sooner Trend Anadarko (basin) Canadian, Kingfisher […]
December 14, 2017

Gilchrist Well IP Rates Exceed Expectations

Magnolia Petroleum plc, the AIM quoted US focused oil and gas exploration and production company is pleased to announce that the Initial Production (‘IP’) rates for the Gilchrist 2016 1-36H well (‘Gilchrist’ or ‘the Well’) in Oklahoma significantly exceed the Company’s projections, producing 652 BOPD with 1,178 MCFD or 770 […]
December 12, 2017

Placing and Issue of Equity

Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, is pleased to announce that it has raised £300,000 via the issue of 8,571,428 new ordinary shares (the ‘Placing Shares’) in the Company, at a price of 3.5 pence per share (the ‘Placing’). The […]
December 11, 2017

First USD500,000 Received under USD18.5M Agreement

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 […]