Updated Reserve Report

Magnolia Petroleum Plc is pleased to announce the results of an independent Reserves Report.  The Report, which is part of the six-month bank debt redetermination process, shows an increase in the Company’s net proved developed producing reserves (‘PDP’) across its leases in US onshore formations such as the Woodford and Mississippi Lime, Oklahoma, and the Bakken and Three Forks Sanish, North Dakota.

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