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Press Releases
Magellan Petroleum Corporation is a publically traded company that often appears in the news. We have created this archive of news stories and press releases to inform the public of new developments.
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Wednesday, June 09, 2010 |
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Portland, Maine, June 9, 2010 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) (“Magellan” or the “Company”) announces that Australia’s
Foreign Investment Review Board (FIRB) has indicated they have “no objection” to Magellan’s acquisition of Santos Limited’s (Santos) 40% interest in the Evans Shoal natural gas field (NT/P48). The Board examines proposals by foreign interests to undertake direct investment in Australia and makes recommendations to the Government on whether those proposals are suitable for approval under the Government's policy. |
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Tuesday, May 18, 2010 |
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Portland, Maine, May 12, 2010 -- Magellan Petroleum Corporation (the “Company”) (NASDAQ: MPET) (ASX: MGN) announced that the Company has signed a term sheet (the “Term Sheet”) with Young Energy Prize S.A. (“YEP”), a Luxembourg corporation, embodying an agreement in principle for an additional equity investment in the Company of $15.6 million.
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Wednesday, May 12, 2010 |
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Portland, Maine, May 12, 2010 -- Magellan Petroleum Corporation (the “Company”) (NASDAQ: MPET) (ASX: MGN) reported consolidated net income of $1.2 million ($.02 per share) on gross revenues of $5.1 million for its fiscal third quarter ended March 31, 2010, as compared to net income of $391,000 ($.01 per share) on revenues of $5.5 million in last year’s third quarter. Working capital was $39.8 million at March 31, 2010, an increase of $2.6 million from June 30, 2009 (fiscal year end). |
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Friday, May 07, 2010 |
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Portland, Maine, May 7th, 2010 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) Representatives of Magellan Petroleum, including William H. Hastings, President and CEO, Magellan Petroleum completed initial presentations in New York City on 5th and 6th May reviewing the Company, its legacy and new assets, certain valuation assumptions, and suggested equity financing options. |
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Friday, April 16, 2010 |
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Portland, Maine, April 16, 2010 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) was reported as being in the top 5 companies in the Oil and Gas E&P industry with the Smallest Short Interest and with the Highest Level of Efficiency. |
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Thursday, March 25, 2010 |
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Portland, Maine, March 25, 2010 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) announced the execution of an agreement by its wholly-owned subsidiary, Magellan Petroleum Australia Limited (MPAL), with Santos Limited (Santos) to purchase Santos’ 40% interest in the Evans Shoal natural gas field (NT/P48), located in the Bonaparte Basin offshore Northern Australia. |
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Wednesday, March 24, 2010 |
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Portland, Maine, March 24, 2010 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) (“Magellan” or the “Company”) announces the award of an offshore exploration permit, Northern Territory, Australia and updates the timing of two exploration wells to be drilled onshore in the United Kingdom. |
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Friday, March 12, 2010 |
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Portland, Maine, March 12, 2010 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) announced that it has, effective March 10, 2010, elected J. Robinson West to fill a newly created vacancy on the Company’s Board of Directors, which has been increased in size from seven (7) to eight (8) directorships by amendment of the Company’s Bylaws. Mr. West will serve as a Class I director until the Company’s 2010 annual meeting of shareholders, when he is expected to be nominated for shareholder approval to serve a full three-year term on the Board. |
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Thursday, March 11, 2010 |
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Portland, Maine, March 11, 2010 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) (“Magellan” or the “Company”) announced the completion of a transaction in North America, the amendment of a warrant agreement, and an update on gas sales flow updates in Australia. |
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Wednesday, February 10, 2010 |
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PORTLAND, Me., February 10, 2010 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) (the “Company” or “Magellan”) announced the appointment of William E. Begley, Jr. as its new Chief Financial Officer (CFO) and Treasurer. Daniel J. Samela has resigned as CFO, Chief Accounting Officer and Treasurer, but will remain with the Company and continue to serve as Vice President – New Ventures. |
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