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Last 0.57 GBp
Change Today 0.00 / 0.00%
Volume 1.7M
As of 11:35 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

magnolia petroleum plc (MAGP) Snapshot

Open
0.59 GBp
Previous Close
0.57 GBp
Day High
0.59 GBp
Day Low
0.57 GBp
52 Week High
08/26/14 - 1.95 GBp
52 Week Low
02/12/15 - 0.53 GBp
Market Cap
6.1M
Average Volume 10 Days
4.0M
EPS TTM
0.0019 GBp
Shares Outstanding
1.1B
EX-Date
--
P/E TM
4.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for MAGNOLIA PETROLEUM PLC (MAGP)

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magnolia petroleum plc (MAGP) Details

Magnolia Petroleum Plc engages in the acquisition, exploration, development, and production of onshore oil and gas properties primarily in the United States and the United Kingdom. Its project portfolio includes interests in 195 producing and non-producing assets, primarily located in the Bakken/Three Forks Sanish hydrocarbon formations in North Dakota, as well as the Mississippi Lime and the Woodford and Hunton formations in Oklahoma. The company is based in London, the United Kingdom.

7 Employees
Last Reported Date: 05/28/15

magnolia petroleum plc (MAGP) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $87.6K
Chief Operating Officer and Director
Total Annual Compensation: $267.6K
Compensation as of Fiscal Year 2014.

magnolia petroleum plc (MAGP) Key Developments

Magnolia Petroleum plc Announces Shimanek Well Update

Magnolia Petroleum Plc announced that the Shimanek #2 vertical well in Oklahoma reached total depth (TD) of 5,300 feet on 24 July 2015. The Well encountered hydrocarbons in the targeted conventional zones, including the Lower Skinner, Redfork Sand and Mississippi Lime/Chat, in line with the pre-drill geological model. Due to high salt water saturation levels and the high costs associated with the disposal of the salt water, the decision has been made to plug rather than complete the Well to limit the total cost of operations to $175,000, and allocate the remaining $400,000 in the Shimanek budget for new drilling activity. The Shimanek #2 well has no effect on Magnolia's plans to drill conventional prospects identified on other leases within its portfolio.

Magnolia Petroleum Plc Commences Drilling of Shimanek #2 Vertical Well in Oklahoma

Magnolia Petroleum Plc announced that its 94% owned and operated Shimanek #2 vertical well in Oklahoma commenced drilling on July 16, 2015. Shimanek #2 will be drilled to a total depth ('TD') of 5,300 feet targeting multiple conventional payzones, including the Mississippi Lime/Chat, Redfork Sand and the Lower Skinner. The total drill time is expected to be eight to 10 days and an update will be made once TD has been reached.

Magnolia Petroleum Plc Provides Shimanek #2 Vertical Well Updates; Reports Production Results for the Second Quarter of 2015

Magnolia Petroleum Plc announced 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. For the second quarter of 2015, the company reported that 11 new wells commenced production bringing the total number of producing wells to 195 as at end of second quarter of 2015 - a further 31 at various stages of development, elected to participate in 16 new wells in proven formations including the Bakken and Three Forks Sanish, North Dakota and the Mississippi Lime and Woodford formations in Oklahoma.

 

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Industry Analysis

MAGP

Industry Average

Valuation MAGP Industry Range
Price/Earnings 4.8x
Price/Sales 2.1x
Price/Book 0.5x
Price/Cash Flow 3.0x
TEV/Sales 2.5x
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