20th Jan 2012 07:00
Magnolia Petroleum Plc / Index: AIM / Epic: MAGP / Sector: Oil & Gas
20 January 2012
Magnolia Petroleum Plc (`Magnolia' or `the Company') Exercise of Warrants
Magnolia Petroleum Plc, the AIM quoted US focussed oil and gas exploration and production company, announces that following the exercise of warrants, application has been made for the admission of 4,545,455 new ordinary shares of 0.1p each in the Company ("New Ordinary Shares") to be admitted to trading on AIM ("Admission").
The New Ordinary Shares will rank pari passu with the existing ordinary shares and it is expected that Admission will occur at 8.00am on Wednesday 25 January 2012. The proceeds of the warrant exercise are £25,000, which have been received by the Company.
Following Admission of the New Ordinary Shares, the total number of voting rights in the Company's ordinary shares will be 563,765,716.
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For further information on Magnolia Petroleum Plc visit www.magnoliapetroleum.com or contact the following:
Steven Snead Magnolia Petroleum Plc +01 918 449 8750 Rita Whittington Magnolia Petroleum Plc +01 918 449 8750 Antony Legge / James Thomas Daniel Stewart & Company Plc +44 (0) 20 7776
6550 Charles Vaughan Northland Capital Partners +44 (0) 20 7796 Limited 8800 Hugo de Salis St Brides Media and Finance Ltd +44 (0) 20 7236 1177 Lottie Brocklehurst St Brides Media and Finance Ltd +44 (0) 20 7236 1177 Frank Buhagiar St Brides Media and Finance Ltd +44 (0) 20 7236 1177 Notes
Magnolia Petroleum Plc is an AIM quoted oil and gas exploration and production company focussed on the US. Magnolia has an extensive and highly prospective portfolio of both producing and non-producing oil and gas interests, primarily located in the highly productive Bakken/Three Forks Sanish hydrocarbon formations in North Dakota as well as on the substantial and proven Woodford/ Hunton reservoirs in Oklahoma and the oil rich Mississippi located in Oklahoma. Currently, Magnolia has interests in 64 oil and/or gas producing properties.
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