Roger Swartz1 well operated by Magnolia FY 2013 Results Presentation Onshore US production Revenue generating Asset backed Proven business model Fast growing BUILDING A SIGNIFICANT US ONSHORE FOCUSED OIL AND GAS COMPANY Low…
154 13,513 US8.46m producing wells in which net acres in proven US onshore Value of PDP reserves as at Magnolia has an interest all formations held 01.04.14 (CPR) generating revenues OVERVIEW KEY DATA Revenue generative, asset…
Financial Highlights Highlight 31 Dec 2013 (US) 31 Dec 2012 (US) Revenue 2,443,244 709,395 Gross profit 1,196,735 289,957 EBITDA (excluding non cash items) 975,622 (359,944) Non Current Assets 14,752,643 9,638,697 Cash & cash…
Focused on Onshore US Plays Investment Criteria Lowers exploration risk Bakken/Three Forks Proven US Scope to improve recovery rates through application of advanced Sanish Formations onshore techniques such as horizontal drilling…
Bakken / Three Forks Sanish Formations, Asset Backed North Dakota & Montana Montana PDP PDP reserves reserves value value Oct 2011 Apr 2014 US919k US8.42m PDP reserves only covers approx. 5,500 net acres out of total…
Bakken / Three Forks Sanish (North Dakota) Land Package Gross Acres 11,520 Net Acres 412 Proven Development Locations 120 (60/60 Bakken/TFS) Average working/net revenue interest 1.69% /1.27% - up to 5.42%/4.07% Wells per unit 8…
Bakken/TFS, North Dakota Bakken/TFS, Montana Woodford/Hunton, Oklahoma Mississippi Lime, Oklahoma Magnolias Acreage BUILDING A SIGNIFICANT US ONSHORE FOCUSED OIL AND GAS COMPANY 7
Strong Growth to Continue Wells being drilled per spacing unit in North Dakota and Oklahoma 8 Credit Facility US5m Average working interest up to approximately 3% Potential drilling locations 600+ Contact 98% Drilling success…
BOARD OF DIRECTORS & SENIOR MANAGEMENT Rita Whittington Steven Snead COO CEO Petroleum Landman with 32 years experience in the Petroleum Landman with 35 years experience in the US oil and gas industry onshore oil and gas industry…