Last $2.13 USD
Change Today -0.01 / -0.47%
Volume 196.9K
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As of 8:10 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

magellan petroleum corp (MPET) Snapshot

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05/8/14 - $2.52
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08/12/13 - $0.99
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magellan petroleum corp (MPET) Details

Magellan Petroleum Corporation, an independent energy company, explores for, develops, produces, and sells crude oil and natural gas in the United States, Australia, and the United Kingdom. It holds 100% working interests in the Poplar, an oil field located in the western Williston Basin, Roosevelt county, Montana; and Palm Valley and Dingo gas fields located in the Amadeus Basin near Alice Springs in central Australia. The company also has 100% interests in the NT/P82 exploration permit that covers an area of 2,500 square miles located in the Bonaparte Basin, offshore Northern Territory, Australia; and interests in 10 petroleum exploration and development licenses, and a production license, which cover a total area of approximately 200,000 net acres located in the Weald and Wessex Basins, the United Kingdom. As of June 30, 2013, its total proved reserves were 9,201 Mboe, including 7,368 Mbbls of proved oil reserves and 11 Bcf of proved gas reserves. The company was founded in 1957 and is headquartered in Denver, Colorado.

39 Employees
Last Reported Date: 09/16/13
Founded in 1957

magellan petroleum corp (MPET) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $380.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $261.6K
Vice President, General Counsel and Secretary
Total Annual Compensation: $229.2K
Compensation as of Fiscal Year 2013.

magellan petroleum corp (MPET) Key Developments

Magellan Petroleum Corporation Announces the Resignation of C. Mark Brannum as Vice President - General Counsel and Secretary, Effective on August 15, 2014

Magellan Petroleum Corporation announced that on July 16, 2014, C. Mark Brannum notified Magellan of his resignation from the position of Vice President - General Counsel and Secretary in order to pursue another employment opportunity. The effective date of Mr. Brannum's resignation will be August 15, 2014.

Magellan Petroleum Corporation Presents at 3rd Annual ROTH Resources Corporate Access Day, Jun-23-2014

Magellan Petroleum Corporation Presents at 3rd Annual ROTH Resources Corporate Access Day, Jun-23-2014 . Venue: The Dorchester, 3 Tilney Street, London , W1K 1BJ, United Kingdom.

Magellan Petroleum Announces Plans for Two UK Wells in 2014

Magellan Petroleum announced plans for two exploration wells to be drilled during 2014 within the company's license areas in the UK. The company's partner Angus Energy has announced plans to spud in July 2014 an exploration well on the Horse Hill prospect located within the Petroleum Exploration and Development License ("PEDL") 137 area. Angus will carry 100% of Magellan's costs for this well, after which the company will retain a 35% working interest in the well and the PEDL. Later in 2014, the company plans to fund its 50% share of a well to be drilled by its partner Celtique Energie at Broadford Bridge, located within the license area of PEDL 234. Both wells will be drilled vertically and completed without the use of hydraulic fracturing and ultimately target conventional Triassic gas plays. However, during drilling, Magellan will have the opportunity to core and log various shale and tight formations in the Cretaceous and Jurassic sections of the Weald Basin. The Weald Basin, which is located southwest of London, underlays substantially all of Magellan's 347,000 gross (162,000 net) acres of exploration and development licenses in the UK. Three of these licenses, PEDLs 231, 234, and 243, which the company co-owns equally with Celtique, cover the depocenter of the basin.


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