Fairholt Resource Investments Plc : Exercise of Warrants

Magnolia Petroleum Plc / Index: AIM / Epic: MAGP / Sector: Oil & Gas
20 January 2012

Magnolia Petroleum Plc ('Magnolia' or 'the Company') Exercise of Warrants

Magnolia Petroleum Plc, the AIM quoted US focussed oil and gas exploration and production company, announces that following the exercise of warrants, application has been made for the admission of 4,545,455 new ordinary shares of 0.1p each in the Company ("New Ordinary Shares") to be admitted to trading on AIM ("Admission").
The New Ordinary Shares will rank pari passu with the existing ordinary shares and it is expected that Admission will occur at 8.00am on Wednesday 25 January 2012. The proceeds of the warrant exercise are £25,000, which have been received by the Company.
Following Admission of the New Ordinary Shares, the total number of voting rights in the Company's ordinary shares will be 563,765,716.

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For further information on Magnolia Petroleum Plc visit www.magnoliapetroleum.comor contact the following:

Steven Snead	Magnolia Petroleum Plc	+01 918 449 8750
Rita Whittington	Magnolia Petroleum Plc	+01 918 449 8750
Antony Legge / James Thomas	Daniel Stewart & Company Plc	[phone]
Charles Vaughan	Northland Capital Partners Limited	[phone]
Hugo de Salis	St Brides Media and Finance Ltd	[phone]
Lottie Brocklehurst	St Brides Media and Finance Ltd	[phone]
Frank Buhagiar Notes	St Brides Media and Finance Ltd	[phone]

Magnolia Petroleum Plc is an AIM quoted oil and gas exploration and production
company focussed on the US. Magnolia has an extensive and highly prospective portfolio of both producing and non-producing oil and gas interests, primarily located in the highly productive Bakken/Three Forks Sanish hydrocarbon formations in North Dakota as well as on the substantial and proven Woodford/Hunton reservoirs in Oklahoma and the oil rich Mississippi located in Oklahoma. Currently, Magnolia has interests in 64 oil and/or gas producing properties.