Magnolia Petroleum Acquires 1,484 Net Acres in Mississippi Lime

Magnolia Petroleum (AIM: MAGP) has reported that it has acquired 1,484 net acres in the Mississippi Lime.

As quoted in the press release:

• 100% ownership of 800 acres and 83.33% of 480 gross acres moves the company towards a step-change in attributable production

• It has also acquired minority interests in 284 net acres

Click here to read the Magnolia Petroleum (AIM: MAGP) press release.