Magnolia Petroleum Plc / Index: AIM / Epic: MAGP / Sector: Oil & Gas
22 July 2016
Magnolia Petroleum Plc ('Magnolia' or 'the Company')
Result of AGM
Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, held its Annual General Meeting earlier today and all resolutions were duly passed.
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For further information on Magnolia Petroleum Plc visit http://www.magnoliapetroleum.com/ or contact the following:
| Steven Snead | Magnolia Petroleum Plc | +01918449 8750 |
| Rita Whittington | Magnolia Petroleum Plc | +01918449 8750 |
| Jo Turner / James Caithie | Cairn Financial Advisers LLP | +44207 1487900 |
| Colin Rowbury | Cornhill Capital Limited | +44207710 9610 |
| Lottie Brocklehurst | St Brides Partners Ltd | +44207236 1177 |
| Frank Buhagiar | St Brides Partners Ltd | +44207236 1177 |
Notes
Magnolia Petroleum Plc is an AIM quoted, US focused, oil and gas exploration and production company. Its portfolio includes interests in 146 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 | 146 |
| Being drilled / completed | 12 |
| Elected to participate / waiting to spud | 18 |
| TOTAL | 176 |
