Magnolia Petroleum Confidence Growing, Investors Supportive, Daniel Stewart Take a Leading Role

Magnolia completes $2.1m fundraising, Daniel Stewart take Leading Role

Supported by Daniel Stewart, London's leading broker in the oil and gas sector,
AIM-listed Magnolia Petroleum has successfully raised £1.3 million ($2.1 million) as it announced plans to increase its acreage in the US.

Josh Lewis  02 March 2012 07:57 GMT

Magnolia raised the funds through the placement of more than 95.6 million new ordinary shares at 1.3 pence per share and the subscription of nearly 4.5 million shares to certain directors at the same price.

“Today’s fund raising will go towards our participation in further drilling in prolific plays such as the Three Forks-Sanish where earlier this week we reported our best ever initial production rate that has, on its own, increased our net barrels of oil per day by 50%,” Magnolia chief executive Rita Whittington said in a statement on Friday.

“In addition, we continue to evaluate opportunities to increase our acreage across all the formations in which we have a presence, particularly the reopening Mississippi oil play in Oklahoma where we recently acquired 1484 net acres with working interests of up to 100% and where we remain track to operate our first well later this year.”

Magnolia said it was planning to purchase further producing and non-producing interests in the Bakken and underlying Three Forks-Sanish formations in North Dakota as well as in the Woodford/Hunton reservoirs and the oil-rich Mississippi formation in Oklahoma.

The company currently holds stakes in 64 oil and gas producing properties in North Dakota and Oklahoma.

BGC Strike Gold at Sao Jorge with 100% Acquisition from Talon Metals Corp

PRESS RELEASE

March 1, 2012, 8:00 a.m. EST

Brazilian Gold Acquires 100% Interest in Sao Jorge Gold Project

 Brazilian Gold CorporationCA:BGC -7.69% ("Brazilian Gold" or the "Company") is pleased to announce that it has exercised the option to acquire a 100% interest in the Sao Jorge Gold Project ("Sao Jorge Project") from Talon Metals Corp. ("Talon") by accelerating its final payment under the option agreement dated June 14, 2010, as amended on February 17, 2012, (the "Agreement") between Talon, Brazilian Gold, Cabral Resources (B.V.I.) Limited, Seatrain Holdings Limited and Brazilian Resources Mineracao Ltda.

The Agreement was amended on February 17, 2012 to, among other things, provide that the final tranche of consideration payable under the Agreement would be $1,500,000 of Brazilian Gold shares based on the 20 day volume-weighted trading price of the Company calculated in accordance with the Agreement, in lieu of $750,000 in cash and $750,000 in Brazilian Gold shares.

To acquire the 100% interest in the Project, Brazilian Gold was required to pay Talon a total consideration of C$4,500,000 including C$1,500,000 in cash and C$3,000,000 in Brazilian Gold shares. Talon retains a 1% net smelter return royalty on the Sao Jorge Project. The net cost per resource ounce paid by Brazilian Gold to Talon was C$4.80/ounce based on the sum of the indicated mineral resource (11.365 million tonnes grading 1.0 g/t gold for 379,000 ounces of gold) and inferred mineral resource (20.673 million tonnes grading 0.8 g/t gold for 558,000 ounces of gold) at a 0.3 g/t cut-off (Coffey Mining, June 21 2011).

Ian Stalker, CEO of Brazilian Gold, stated, "Talon's willingness to exchange the cash consideration for shares of Brazilian Gold is a vote of confidence in the quality and potential of the Sao Jorge project, as well as our portfolio of nearby exploration projects in northern Brazil.

Magnolia Petroleum (MAGP.LN) DOING GREAT AS WE KNEW THEY WOULD

Magnolia Petroleum

Oil & Gas Exploration and Production MAGP (FTSE AIM ALL SHARE)

Production Update  Magnolia Petroleum yesterday announced extremely positive results from three wells on its Bakken Shale / Three Forks Sanish acreage. The Skunk Creek 15H well targeted the Three Forks Sanish and achieved highly favourable initial production of a reported 2,303 bopd. This is positive news for Magnolia as not only does it enhance the company`s production by a net 10 bopd, but the positive results are also likely to spur drilling activity in the formation, offering Magnolia more opportunities for participation in wells. Furthermore, the production rate indicates that payback will be achieved swiftly on this well. Skunk Creek 14H targeted the Bakken Shale and initial production has been recorded at 212 bopd (1 bopd net to Magnolia). The Stocke 1-4-9H well showed initial production of 295 bopd (7 bopd net to Magnolia). On the back of these positive results, we re-iterate our ‘Buy` recommendation for Magnolia Petroleum and our 3.6p 12-month target price. The additional production will enhance Magnolia`s revenue stream, strengthening the company`s ability to participate in an increasing number of wells, and move it towards a step-change in attributable production. The rate of production exhibited by the Three Forks Sanish well hints at potential upside as regards reserves attributable to Magnolia`s drilling locations within this formation.

Brazilian Gold Corp BGC. TSX.V. Great Results From Suribim Signal Potential Early Start of Production

Brazilian Gold Identifies Thick Intervals of Near Surface Oxide Gold Mineralization at the Surubim Project, Brazil

Brazilian Gold Corporation (TSXV: BGC) is pleased to report thick intervals of near surface oxide mineralization in 2011 and historic drill holes at the Surubim project, Brazil. Surubim is a road accessible exploration project located approximately 75 km southwest of the Company's flagship São Jorge project.

Highlights

* Oxide intersections at Patoa:
 - 88.39 m grading 2.00 g/t gold (DD06SB04),
 - 34.26 m grading 2.60 g/t gold (DD06SB18),
 - 101.08 m grading 0.52 g/t gold (DD06SB20),
 - 26.4 m grading 0.56 g/t gold (PAD-003-11), and
 - 88.4 m grading 0.52 g/t gold (PAD-004-11).
* Oxide intersection at Colonia:
 -  58.10 m grading 1.57 g/t gold (DD07SB25)
* Oxide intersection at Tucunare:
 -  34.96 m grading 0.53 g/t gold (DD05SB11).
* Potential for near surface, rip able oxide resource requiring little to no drilling and blasting.
* Potential for low cost, bulk mining and processing.

Ian Stalker, CEO of Brazilian Gold, commented "The Company is extremely encouraged by the thick intervals of near surface oxide gold mineralization as well as the deeper primary gold mineralization intersected on the Surubim Project. The potential to add significant ounces that could quick ly be brought into production requiring a small amount of capital and at a low operating cost makes for a compelling story. To this end, a drill program to determine the lateral continuity along and across the strike of this laterite hosted gold mineralization is planned for 2012".

Just Keeps Getting Bigger and Better for Brazilian Gold BGC.TSX.V

Brazilian Gold Reports the Final 6 Holes of the 2011 Program at the Surubim Project, Brazil

Release No. 5/12
Vancouver, BC, February 27, 2012

Brazilian Gold Corporation (TSXV: BGC) is pleased to report assay results from the final 6 holes of the 2011 drill program (12 holes in 3,124 m) completed on the Surubim project in the Tapajós region of northern Brazil. The drill program tested below and along strike of historic drill intersections (36 holes in 4,621 m) at the Patoa, Colonia and Tucunare prospects; the prospects are located within a 3 km radius of each other. The program was successful in identifying several parallel zones of primary gold mineralization (Table 1) as well as wide intervals of near surface oxide mineralization; details on the oxide mineralization will be reported in a separate News Release. Surubim is a road accessible exploration project located approximately 75 km southwest of the Company's flagship São Jorge project.

Highlights

• PAD-002-11 intersected 24.0 m grading 1.27 g/t gold (previously reported).
• PAD-003-11 intersected 16.0 m grading 1.63 g/t gold (previously reported).
• COD-003-11 intersected 8.5 m grading 1.74 g/t gold.
• COD-004-11 intersected 15.0 m grading 1.67 g/t gold.
• Oxide and primary gold mineralization point to a developing near surface mineral resource at Surubim.
• Near surface gold mineralization has potential for low cost, open pit mining.

Ian Stalker, CEO of Brazilian Gold, stated "These positive results from the 2011 drill program add significantly to our knowledge of the project and the opportunity to further grow the resource base at Surubim and equally important, to the cumulative gold inventory of Brazilian Gold. The high potential to expand both the known primary and oxide mineralization, as well as identify new zones of mineralization, highlights why Surubim has become a high priority target for ongoing exploration work."

Daniel Stewart Kings of M&A

Astersand, Atlantic Global, THB Group, Quindell Portfolio, William Ransom & Son, Triple Plate Junction. DAN has advised all on M&A in the last few months

Ari Untracht CEO of Taia Lion Resources Keynote Speaker at the Africa Business Club

Ari Untracht CEO of TAIA Lion Resources the ethical developer of the highly prospective Lake Sonfon and Gori Hills gold projects in Sierra Leone will be a keynote speaker at the 14thAfrica Business Conference hosted by the Africa Business Club and taking place between the 2nd-4th March 2012
at Harvard Business School
Check it out at www.hbsafricaconference.com