This presentation is being made by or on behalf of Magnolia Petroleum Plc (“Company”). This presentation has not been approved for issue as a financial promotion for the purposes of section 21 of the Financial Services and Markets Act 2000 (“FSMA”) and is being supplied in the United Kingdom only to (i) persons who have professional experience in matters relating to investments (being "investment professionals" within the meaning of Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FPO")) or (ii) persons falling within Article 49(2) ("high net worth companies, unincorporated associations etc") of the FPO or (iii) persons who are otherwise permitted by law to receive it. The information contained in the presentation is not intended to be viewed by, passed on or distributed (directly or indirectly) to, any other category of persons . Daniel Stewart & Company plc (“DS”) is authorised and regulated by the Financial Services Authority and will be acting as nominated adviser and broker to the Company in connection with the proposed placing of ordinary shares in the capital of the Company and admission of those ordinary shares to trading on the AIM market of London Stock Exchange plc.
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Magnolia Petroleum Plc is an AIM listed oil and gas exploration and production companythat acquires and develops oil and gas properties located onshore in the United States in proven fields including the Bakken / Three Forks Sanish Formations located in North Dakota and the Mississippi Lime and Hunton / Woodford Formations located in Oklahoma
Bakken / Three Forks Sanish Formations, North Dakota
Mississippi Lime / Woodford / Hunton Formations, Oklahoma
4 wells preparing to be drilled on Magnolia’s acreage – yet to elect to participate
“delivering on phase one”
In March 2012 North Dakota became the number 2 oil producing state after Texas
Magnolia Project Area – Canadian, Pottawatomie, Grady, Cleveland, Seminole and Stephens Counties
“These plays fit our criteria of good investment returns and solid long-term growth potential.”
Thomas Jorden, CEO of Cimarex Energy Co. (Source: Tulsa World)
“delivering on phase one”
Zenyatta 2-6 Well, operated by Avalon, targets the Hunton Formation. Magnolia has a 1.057% working interest
● Magnolia’s Acreage
“delivering on phase one”
● Magnolia’s Acreage
Initial production rates awaited from operator Chesapeake for Thomason well in which Magnolia has 9.375% Net Revenue Interest
For further information please contact:
Chief Operating Officer
Magnolia Petroleum PLC
18452 E 111th St
Broken Arrow, OK 74011
T: +01 918 449 8750
F: +01 918 449 0180
Frank Buhagiar/Lottie Brocklehurst
St Brides Media & Finance Ltd
Telephone +44 20 7236 1177
“A well diversified portfolio of producing properties that provide a stable long life cash flow to underpin the company. It has a small, but well positioned presence in two of the most active unconventional resource plays in North America.”
“A state study evaluating oil reserves in the Three Forks Formation in western North Dakota concluded that there could be as much as 2 billion barrels of recoverable oil… based on more than 200 well measurement logs and 85 sets of testimony from technical experts.”
“The development of the horizontal drilling technology and the multistage fracture stimulation… have transformed once known, but marginal plays into highly profitable plays.”
“The North Dakota leasehold position has the potential… to double the expected recovery of hydrocarbons from the existing asset base providing significant upside to Magnolia.”