| | Company Research: Magnolia Petroleum Plc | Magnolia Petroleum Plc is the holding company of Magnolia Petroleum, Inc.
Magnolia is an oil and gas exploration and production company that was founded on 2 July 2008 to engage in the acquisition, exploitation and development of oil and gas properties primarily located onshore in the United State of America.
Magnolia was formed to acquire leases and participate in the drilling of wells in the Bakken Shale ("Bakken") in North Dakota. The Bakken Shale produced oil from the 1950s to the 1980s. However, the introduction of horizontal drilling and fracture stimulation technology within the last decade has re-opened these fields to become economically viable again.
As well as the Bakken, the Company has interests in the Woodford and Hunton formations in Oklahoma, and is seeking to acquire interests in the Mississippi formation. These are all well known oil plays that are now being re-opened as a result of the introduction of horizontal drilling and new technologies.
Magnolia's management team is experienced and skilled in the acquisition, development, production and operation of oil and gas properties, with long-standing industry contacts to take advantage of the changes in technology and introduction of horizontal drilling. | | Technical Information | Registered Address | Charts | | Ticker Symbol | Not known | | ISIN Code | Not known | | Industry Sector | Not known | | Listing Exchange | AIM | | Trading Status | Pre-float | | First Trading Day | 25th November 2011 |
| Magnolia Petroleum Plc Address lookup pending. | Magnolia Petroleum Plc
has not commenced trading. | | Related News | | | Register Interest in this IPO | To register your interest in this IPO please enter your email address below |
ALL IPO strive to provide you with data of the highest possible accuracy. Our data is obtained electronically from multiple suppliers including AFX News Limited and The London Stock Exchange. If you believe you have spotted an error in our data please contact support@allipo.com and we will investigate. Any information, prospectus or other document, or any hypertext link to any of the aforesaid should not be construed as advice on investments or a personal recommendation by ALL IPO plc and is being offered on an execution-only basis. Any decision to invest should be made only after careful consideration of the relevant documentation and particularly after acceptance of the full terms and conditions relating to the specific investment opportunity. Share prices, values and income can go down as well as up and you may get back less than the amount you invested. If in doubt about the suitability of investments referred to in this communication and on our website, you should consult an investment adviser authorised under the Financial Services and Markets Act 2000. | |