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Last $0.56 USD
Change Today +0.011 / 2.00%
Volume 191.4K
MPET On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ CM
As of 8:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

magellan petroleum corp (MPET) Snapshot

Open
$0.60
Previous Close
$0.55
Day High
$0.60
Day Low
$0.54
52 Week High
05/8/14 - $2.52
52 Week Low
04/2/15 - $0.25
Market Cap
25.6M
Average Volume 10 Days
509.4K
EPS TTM
$-0.17
Shares Outstanding
45.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MAGELLAN PETROLEUM CORP (MPET)

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magellan petroleum corp (MPET) Details

Magellan Petroleum Corporation, an independent energy company, is engaged in the exploration and production of oil and gas in the United States, Australia, and the United Kingdom. It focuses on the development of the Poplar Dome oil field project in Roosevelt County, eastern Montana; and exploration of the Weald Basin in Sussex county, onshore United Kingdom. The company also owns NT/P82, an exploration block in the Bonaparte Basin, offshore Northern Territory. In addition, it, through its interest in Central Petroleum Limited, owns prospective onshore acreage in Australia. The company was founded in 1957 and is headquartered in Denver, Colorado.

26 Employees
Last Reported Date: 09/18/14
Founded in 1957

magellan petroleum corp (MPET) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $431.5K
Chief Commercial Officer and Senior Vice Pres...
Total Annual Compensation: $330.4K
Compensation as of Fiscal Year 2014.

magellan petroleum corp (MPET) Key Developments

Magellan Petroleum Corporation Presents at 27th Annual ROTH Conference, Mar-10-2015 12:00 PM

Magellan Petroleum Corporation Presents at 27th Annual ROTH Conference, Mar-10-2015 12:00 PM. Venue: The Ritz Carlton, 1 Ritz Carlton Dr, Dana Point, CA 92629, United States. Speakers: Antoine J. Lafargue, Chief Commercial Officer and Senior Vice President of Strategy & Business Development.

Magellan Petroleum Receives Non-Compliance Notice From NASDAQ

On January 27, 2015, Magellan Petroleum Corporation received a letter from the Listing Qualifications Department of The NASDAQ Stock Market (NASDAQ) indicating that, based upon the closing bid price of the Company's common stock for the last 30 consecutive business days, the Common Stock did not meet the minimum bid price of $1.00 per share required for continued listing on The NASDAQ Capital Market pursuant to NASDAQ Marketplace Rule 5550(a)(2). The issuance of the letter has no immediate effect on the listing of the Common Stock. The letter indicates that the Company will be provided with a compliance period of 180 calendar days, or until July 27, 2015, in which to regain compliance, pursuant to NASDAQ Marketplace Rule 5810(c)(3)(A). The letter further indicates that if, at any time during the 180-day compliance period, the closing bid price of the Common Stock is at least $1.00 for a minimum of ten consecutive business days, NASDAQ will provide the Company with written confirmation that it has achieved compliance with the minimum bid price requirement. The Company intends to continue to monitor the bid price levels for the Common Stock, and will consider appropriate alternatives to achieve compliance within the 180-day compliance period.

Magellan Petroleum Corporation Provides Update on Poplar CO2-EOR Pilot

Magellan Petroleum Corporation provided an update on its CO2-enhanced oil recovery pilot at Poplar Dome in Montana. The company has been continuously injecting CO2 into the B-2 zone of the Charles formation through the pilot's injector well for approximately 150 days. During that time, downhole injection pressure has remained stable at above minimum miscibility pressure. Pressure data also confirms that injected CO2 has predominantly gone into the target formation matrix with little or no losses of CO2 to fracture systems or thief zones. In early January, two of the four pilot producer wells - after several months of producing only water -- began to exhibit oil production with improving oil cuts. In mid-January, small volumes of natural gas and injected CO2 were also produced from the wells. These two wells have now been temporarily shut - in an effort to encourage the flow of oil and CO2 to the pilot's other two producer wells. The company anticipates that oil production from the pilot producer wells will continue to increase in response to CO2 injection in the coming months.

 

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Price/Cash Flow 1.2x
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