BNET Industries

Magellan Petroleum Corp.

(MPET) is in the Energy Industry

Market Cap:$74.7M
Last Fiscal Year Sales:$40.8M
  • Public
  • US
Dow Jones Description

Magellan Petroleum Corporation (the "Company" or "MPC") is engaged in the sale of oil and gas and the exploration for and development of oil and gas reserves. The Company's principal asset is a 100% equity interest in its subsidiary, Magellan Petroleum Australia Limited ("MPAL").

President & CEO
William H. Hastings
Number of Employees 29
Contact Information

10 Columbus Blvd

Hartford, Connecticut 06106

magpet.com

(860) 293-2006

NAICS Code Crude Petroleum and Natural Gas Extraction: 211111

Recent Events

  • Magellan Petroleum Corp posts net income of USD665,000 for fiscal 2009

    8/31/09 - Financial Announcement - View Story

  • Magellan Closes $10MM Strategic Investment

    7/09/09 - New Investment - View Story

News & Analysis

magellan petroleum corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
William H. Hastings President & CEO
T. Gwynn Davies General Manager
Edward B. Whittemore Secretary

Board of Directors

Name (plus bio) Position
Ronald P. Pettirossi Chairman
Walter McCann Chairman
Donald V. Basso Board of Directors
J. Thomas Wilson Board of Directors
Nikolay Bogachev Board of Directors
Robert Mollah Board of Directors

Organization Position Status
Magellan Petroleum Corporation President & CEO Current
Magellan Petroleum Corporation Board of Directors Current

Organization Position Status
Magellan Petroleum Corporation General Manager Current
Magellan Petroleum Corporation General Manager Former

Organization Position Status
Magellan Petroleum Corporation Secretary Current
Magellan Petroleum Corporation Secretary Current

Mr. Pettirossi has been President of ER Ltd., a consulting company since 1995. Mr. Pettirossi has been a director of MPAL since August 2004. Mr. Pettirossi is a former audit partner of Ernst & Young LLP, who worked with public and privately held companies for 31 years. Age 65.

Organization Position Status
Magellan Petroleum Corporation Chairman Current
Mpal Director Current

Organization Position Status
Magellan Petroleum Corporation Chairman Current
Magellan Petroleum Corporation Board of Directors Former

Organization Position Status
Magellan Petroleum Corporation Board of Directors Current
Canada Southern Petroleum Ltd. Exploration Manager Former
Canada Southern Petroleum Ltd. Consultant Former
Mpal Director Former

Organization Position Status
Magellan Petroleum Corporation Board of Directors Current

Organization Position Status
Magellan Petroleum Corporation Board of Directors Current

Mr. Robert Mollah was elected a director of the Company on September 5, 2006. Mr. Mollah has been a director of MPAL since November 2003 and was elected to serve as Chairman of the MPAL Board of Directors in September 2006. Mr. Mollah is a geophysicist with broad petroleum exploration experience, both within Australia and internationally. From 1995 until 2003, Mr. Mollah was the Australian Executive Director of the Timor Gap Joint Authority which covered the administration of petroleum exploration and production activities in the Timor Sea Joint Development Zone between Australia and Indonesia/East Timor. Prior to 1995, he served as a Petroleum Explorationist and Manager with broad experience in the oil and gas business in Australia and Asia. Age 68.

Organization Position Status
Mpal Director Current
Magellan Petroleum Corporation Board of Directors Current

Executive News

  • Magellan Closes $10MM Strategic Investment

    Rigzone - 7/09/09 - View Story

  • Magellan Closes $10 Million Strategic Investment

    Reuters - 7/09/09 - View Story

advertisement
     MPET $1.44 -0.03 (-2.04% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 349,099
Shares Outstanding 50.21M
Market Cap 72.3M
Year High 1.73
Year Low 0.33
Earnings Per Share 0.02
P/E Ratio 72.00
Dividend N/A
Yield N/A
IndustryTop Rated

Brought to you by CBS MoneyWatch.com

advertisement