13th May 2013 07:00
MAGNOLIA PETROLEUM PLC - Notice of AGM and Posting of Reports & AccountsMAGNOLIA PETROLEUM PLC - Notice of AGM and Posting of Reports & Accounts
PR Newswire
London, May 10
Magnolia Petroleum Plc / Index: AIM / Epic: MAGP / Sector: Oil & Gas
13 May 2013 Magnolia Petroleum Plc(`Magnolia' or `the Company') Notice of AGM and Posting of Reports & AccountsMagnolia Petroleum Plc, the AIM quoted US onshore focused oil and gasexploration and production company, announces that the Company's Annual Reportand Accounts for the year ended 31 December 2012, has been posted toshareholders today. An electronic copy of the Reports and Accounts is alsoavailable on the Company's website (www.magnoliapetroleum.com).
The Company also announces that the Annual General Meeting of Magnolia will beheld at 18452 E 111th, Broken Arrow, Oklahoma, OK74011, USA on Wednesday 5 June2012 at 10.00am Central Daylight Time.
** ENDS **For further information on Magnolia Petroleum Plc visitwww.magnoliapetroleum.com or contact the following:
Steven Snead Magnolia Petroleum Plc +01 918 449 8750Rita Whittington Magnolia Petroleum Plc +01 918 449 8750
Jo Turner / James Caithie Cairn Financial Advisers LLP +44 20 7148 7900
John Howes / Alice Lane / Northland Capital Partners +44 20 7796 8800Luke Cairns Limited Lottie Brocklehurst St Brides Media and Finance Ltd +44 20 7236 1177 Frank Buhagiar St Brides Media and Finance Ltd +44 20 7236 1177 Notes Magnolia Petroleum Plc is an AIM quoted, US focused, oil and gas explorationand production company. Its portfolio includes interests in 106 producing andnon-producing assets, primarily located in the highly productive Bakken/ThreeForks Sanish hydrocarbon formations in North Dakota as well as the oil richMississippi Lime and the substantial and proven Woodford and Hunton formationsin Oklahoma. Summary of Wells Category Number of wells Producing 106 Being Drilled / Completed 17 Elected to participate / waiting to 16spud TOTAL 139This table excludes four out of six wells acquired as part of the acquisitionof 800 gross acres with a 100% working interest in Osage County, Oklahoma, asannounced on 10 February 2012. These four wells are currently `shut in' andwill require a workover programme at some point in the future to bring backinto production.
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