Magnolia Petroleum Acquires 1,484 Net Acres in Mississippi Lime

- February 17th, 2012

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

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