Magnolia Petroleum Plc / Index: AIM / Epic: MAGP / Sector: Oil & Gas
23 October 2013
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, received notification today that Ronald Harwood and Gavin
Burnell, both non-executive directors, have each made the following purchases
in the ordinary shares of the Company:
Director Date of Purchase Ordinary Price P Subsequent % of Issued
Shares aid Holding Share
Purchased Capital
Ronald 22 October 2013 500,000 2.7p 31,612,426 3.47
Harwood
Gavin 22 October 2013 450,000 2.71p 15,635,797 1.72
Burnell
350,000 2.68p
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
Luke Cairns Limited
Lottie Brocklehurst St Brides Media and Finance Ltd +44 20 7236 1177
Frank Buhagiar St Brides Media and Finance 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 125 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 125
Being Drilled / Completed 20
Elected to participate / waiting to 33
spud
TOTAL 178
