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 BOEPD with an associated flowing tubing pressure of 120 PSI.

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