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 counties’) play in Oklahoma in which the Company has a working (‘WI’) / net revenue interest (‘NRI’), alongside leading operators such as Continental Resources.

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