10th Feb 2016 07:00
MAGNOLIA PETROLEUM PLC - Appointment of Sole BrokerMAGNOLIA PETROLEUM PLC - Appointment of Sole Broker
PR Newswire
London, February 9
Magnolia Petroleum Plc / Index: AIM / Epic: MAGP / Sector: Oil & Gas
10 February 2016
Magnolia Petroleum Plc (‘Magnolia’ or ‘the Company’)
Appointment of Sole Broker
Magnolia Petroleum Plc, the AIM-quoted, US onshore-focused oil and gas exploration and production company, is pleased to announce that Cornhill Capital Limited has today been appointed as sole broker to the Company with immediate effect.
** ENDS **
For further information on Magnolia Petroleum Plc visit http://www.magnoliapetroleum.com/ or contact the following:
| Steven Snead | Magnolia Petroleum Plc | +01918449 8750 |
| Rita Whittington | Magnolia Petroleum Plc | +01918449 8750 |
| Jo Turner / James Caithie | Cairn Financial Advisers LLP | +44207 1487900 |
| Colin Rowbury | Cornhill Capital Limited | +44207710 9610 |
| Lottie Brocklehurst | St Brides Partners Ltd | +44207236 1177 |
| Frank Buhagiar | St Brides Partners Ltd | +44207236 1177 |
Notes
Magnolia Petroleum Plc is an AIM quoted, US focused, oil and gas exploration and production company. Its portfolio includes interests in 202 producing and non-producing assets, primarily located in the highly productive Bakken/Three Forks Sanish hydrocarbon formations in North Dakota as well as the oil rich Mississippi Lime and the substantial and proven Woodford and Hunton formations in Oklahoma.
Summary of Wells
| Category | Number of wells |
| Producing | 202 |
| Being drilled / completed | 10 |
| Elected to participate / waiting to spud | 31 |
| TOTAL | 243 |
Related Shares:
Magnolia Petroleum