Magnolia Petroleum Plc / Index: AIM / Epic: MAGP / Sector: Oil & Gas
10 March 2015
Magnolia Petroleum Plc('Magnolia' or 'the Company')
Directors' Share Purchases
Magnolia Petroleum Plc, the AIM quoted US onshore oil and gas exploration and
production company, is pleased to announce that following the purchase of an
additional 103,092 ordinary shares of the Company at a price of 0.67p on 9
March 2015, the Board of Directors and management have completed their share
purchase programme ahead of entering a close period. This brings the total
number of ordinary shares acquired by the entire Board and management team in
March 2015 to 3,127,949. A breakdown of the latest purchases and subsequent
holdings is as follows:
Director Date of Purchase Ordinary Price Subsequent % of Issued
Shares Paid Holding Share
Purchased Capital
Steven Snead 9 March 2015 39,651 0.67p 202,726,748 22.26%
Ron Harwood 9 March 2015 39,650 0.67p 33,123,175 3.64%
Rita 9 March 2015 19,826 0.67p 12,225,669 1.34%
Whittington
Derec Norman 9 March 2015 3,965 0.67p 101,075 0.01%
The total issued share capital of the Company comprises 910,672,851 ordinary
shares of 0.1p each.
**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
Jo Turner/James Caithie Cairn Financial Advisers LLP +44 20 7148 7900
John Howes/Alice Lane Northland Capital Partners +44 20 7796 8800
Limited
Lottie Brocklehurst St Brides Partners Ltd +44 20 7236 1177
Frank Buhagiar St Brides Partners Ltd +44 20 7236 1177
Notes
Magnolia Petroleum Plc is an AIM quoted, US focused, oil and gas exploration
and production company. Its portfolio includes interests in 183 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 183
Waiting on first sales / IP rates 2
Being drilled / completed 5
Elected to participate / waiting to 26
spud
TOTAL 216© 2015 PR Newswire
