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 US onshore formations such as the Woodford and Mississippi Lime, Oklahoma, and the Bakken and Three Forks Sanish, North Dakota.

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