Thursday, February 16, 2012

Magnolia acquires additional Oklahoma acreage

Magnolia Petroleum Plc has acquired an additional 480 gross acres with an average 83.33% WI and 81.25% NRI in the oil producing Mississippi Lime formation, Oklahoma via a farm-out agreement. Magnolia is on course to drill 1 well in the Mississippi Lime formation by the end of 2012 – Magnolia as operator. Continue reading here..

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