Magnolia Petroleum Plc Board Changes
February 23 2017 - 1:00AM
UK Regulatory
TIDMMAGP
Magnolia Petroleum Plc / Index: AIM / Epic: MAGP / Sector: Oil & Gas
23 February 2017
Magnolia Petroleum Plc ('Magnolia' or 'the Company')
Board Changes
Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and
production company, announces that non-executive Chairman Thomas Wagenhofer has
resigned from the Company to concentrate on his other business commitments.
Ron Harwood, an existing non-executive Director of Magnolia, will assume the
position of Chairman of the Company on an interim basis until a permanent
replacement has been appointed. Mr Wagenhofer has agreed to a one month
handover to ensure an orderly transition.
The information contained within this announcement constitutes inside
information stipulated under the Market Abuse Regulation (EU) No. 596/2014.
* * ENDS * *
For further information on Magnolia Petroleum Plc visit
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 +44207213 0880
LLP
Colin Rowbury Cornhill Capital Limited +44207710 9610
Lottie Brocklehurst St Brides Partners Ltd +44207236 1177
Frank Buhagiar St Brides Partners +44207236 1177
Ltd
Notes
Magnolia Petroleum Plc is an AIM quoted, US focused, oil and gas exploration
and production company. Its portfolio includes interests in 154 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 154
Being drilled / completed 14
Elected to participate / waiting to 42
spud
TOTAL 210
END
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