Magnolia Petroleum One2One Investor Presentation - Proactive ...

Magnolia’s Woodford / Hunton Land Package & Production
• 67,200 gross acres across 105 sections – average working interests up to 2.65% –
average net revenue interest 2.36%
• 12 oil and/ or gas producing properties located in Woodford/ Hunton covering
Oklahoma, Texas
• 7 new wells now producing in the play
• Formations not exploited to the same extent as the Bakken
• 105 well proposals received on current acreage
• Likely to be drilled over the next two to three years
• Magnolia to focus on participating in wells targeting the oil play
• Estimated Ultimate Recoverable Reserves (EUR) per well reported in excess of
400,000 boe
• Initial production on well drilled on this acreage was over 300 bopd
“delivering on phase one”
16
| MAGNOLIA PETROLEUM PLC | September 2012