Q2 2015 Operations Update

Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, is pleased to announce that drilling operations at the Magnolia
operated and 94% owned Shimanek #2 vertical well in Oklahoma are expected to commence by the end of July 2015. Additionally, the Company announces its quarterly update on its operations across proven and producing US onshore hydrocarbon formations in North Dakota and Oklahoma.

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