Magnolia Petroleum One2One Investor Presentation - Proactive ...
Magnolia Petroleum One2One Investor Presentation - Proactive ...
Magnolia Petroleum One2One Investor Presentation - Proactive ...
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Extracts from Competent Person’s Report<br />
October 2011<br />
“A well diversified portfolio of producing properties that provide a stable long<br />
life cash flow to underpin the company. It has a small, but well positioned<br />
presence in two of the most active unconventional resource plays in North<br />
America.”<br />
“A state study evaluating oil reserves in the Three Forks Formation in western<br />
North Dakota concluded that there could be as much as 2 billion barrels of<br />
recoverable oil… based on more than 200 well measurement logs and 85 sets<br />
of testimony from technical experts.”<br />
“The development of the horizontal drilling technology and the multistage<br />
fracture stimulation… have transformed once known, but marginal plays into<br />
highly profitable plays.”<br />
“The North Dakota leasehold position has the potential… to double the<br />
expected recovery of hydrocarbons from the existing asset base providing<br />
significant upside to <strong>Magnolia</strong>.”<br />
36<br />
| MAGNOLIA PETROLEUM PLC | September 2012