29th Jun 2012 16:36
Magnolia Petroleum Plc / Index: AIM / Epic: MAGP / Sector: Oil & Gas
29 June 2012
Magnolia Petroleum Plc (`Magnolia' or `the Company') Result of Annual General Meeting
Magnolia Petroleum Plc, the AIM quoted US focussed oil and gas exploration and production company, held its Annual General Meeting earlier today and all resolutions were duly passed.
** ENDS **
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 John Howes / John-Henry Northland Capital Partners +44 (0) 20 7796 Wicks 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 NotesMagnolia Petroleum Plc is an AIM quoted, US focussed, oil and gas explorationand production company. Its portfolio includes interests in 80 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 80 Being Drilled / Completed 4 Elected to participate / waiting to 9spud TOTAL 93
\* This table excludes four out of six wells acquired as part of the acquisition of 800 gross acres with a 100% working interest in Osage County, Oklahoma, as announced on 10 February 2012. These four wells are currently `shut in' and will require a workover programme at some point in the future to bring back into production.
Related Shares:
Magnolia Petroleum