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Activity ramps up on North American fields

Magnolia Petroleum (MAGP:AIM) is spying a ‘noticeable’ uptick in activity in the US onshore oil and gas sector in which it is active. This is important to the success of the company’s strategy which, in its own words, is ‘to drill alongside established operators to prove up the reserves on our leases, and in the process generate value for our shareholders’.

 

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