Oil and gas production firm Magnolia Petroleum on Thursday signed a non-binding agreement for the sale of its 31 wells in North Dakota for a total consideration of $1.5m. Furthermore, the AIM-traded company announced the sale of its Roger Swartz 1 well in Oklahoma for approximately $30,000. The disposals are part of the company's debt reduction programme, and subject to shareholder consent at the company's annual general meeting on 22 June, which is intended to clear a large proportion of an ...Den vollständigen Artikel lesen ...