Last $0.78 USD
Change Today +0.008 / 1.04%
Volume 130.7K
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As of 8:10 PM 01/30/15 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
52 Week Low
01/30/15 - $0.75
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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 Announces Executive Changes

On October 31, 2014, the board of directors of Magellan Petroleum Corporation appointed Antoine J. Lafargue as the Company's new senior vice president of strategy and business development and chief commercial officer, and Matthew R. Ciardiello as the company's vice president, chief financial officer, treasurer, and corporate secretary. Lafargue has previously served as the Company's Vice President - Chief Financial Officer and Treasurer, since 2010. Ciardiello has served as the company's manager of financial planning and Investor Relations since April 2011 and the company's corporate secretary since September 2014. Previously, he has served in private equity positions in the Middle East and Europe with a focus on energy and infrastructure.

Magellan Petroleum Corporation, Annual General Meeting, Dec 11, 2014

Magellan Petroleum Corporation, Annual General Meeting, Dec 11, 2014., at 10:00 US Eastern Standard Time. Location: Four Points by Sheraton hotel. Agenda: To elect, by the holders of common stock and Series A convertible preferred stock, the individual named as a Director nominee in the attached proxy statement to the Board of Directors of the company to serve for a three-year term; to elect, by the holder of Series A convertible preferred stock, two additional Directors named in the attached Proxy Statement to the Board of Directors of the company to serve for a one-year term; to vote on the non-binding advisory resolution for the approval of the compensation of our named executive officers; to ratify the appointment of EKS&H LLLP as the independent registered public accounting firm for the company for the fiscal year ending June 30, 2015; and to transact such other business as may properly come before the meeting.

Magellan Petroleum Corporation Provides an Update on the Status of Drilling at the Horse Hill-1 Well in the Weald Basin, Onshore UK

Magellan Petroleum Corporation provided an update on the status of drilling at the Horse Hill-1 well in the Weald Basin, onshore UK. The well spudded on September 3, 2014, and surface casing has been set and cemented to a depth of 84 ft. Drilling on the intermediate section of the wellbore is expected to commence imminently, and, approximately six weeks thereafter, TD is expected to be reached at 8,680 feet. The Horse Hill-1 well, which is designed as a near vertical well that will not be hydraulically fractured, is targeting a conventional Triassic-aged gas target. In addition, the well will be used to evaluate various conventional Jurassic-aged formations. Horse Hill Developments Ltd. is operator of the well, in which Magellan has a 35% direct carried interest. Magellan has decided to defer the opportunity at Horse Hill-1 to run a suite of unconventional logs over the Kimmeridge Clay and Liassic formations.


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