Magnolia Petroleum MAGP(AIM) The Next Chesapeake

Acreage Acquisition Drives Growth

Mississippi Lime acreage acquisition enhances development potential

Investment Case  Magnolia has acquired 1,484 net acres in the Mississippi Lime, almost doubling its lease holding in onshore US plays 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