Magellan Petroleum (MPET) 1.14 $MPET
Magellan Sells Its Weald Basin Acreage and Settles Litigation
Marketwired - Mon Jun 13, 5:00AM CDT
DENVER, CO--(Marketwired - June 13, 2016) - Magellan Petroleum Corporation (NASDAQ: MPET) ("Magellan" or the "Company"
today announced the sale of the Company's 50% interests in Petroleum Exploration and Development License ("PEDL" 234 in the Weald basin in the UK to UK Oil and Gas Investments PLC ("UKOG" and the settlement of its litigation with Celtique Energie Weald Limited ("Celtique" for approximately $1.8 million.
MPET: 1.14 (-0.14)
Magellan Sells Mereenie Bonus Rights
Marketwired - Thu May 19, 5:00AM CDT
DENVER, CO--(Marketwired - May 19, 2016) - Magellan Petroleum Corporation (NASDAQ: MPET) ("Magellan" or the "Company" today announced the sale to Macquarie Bank Limited ("Macquarie" of all the Company's rights to certain bonus payments related to the Mereenie field located in the Amadeus Basin in Australia for a purchase price of AUD $3.45 million.
MPET: 1.14 (-0.14)
Magellan Enters Into Strategic Exchange Transaction
Marketwired - Fri Apr 01, 5:00AM CDT
Magellan Petroleum Corporation (NASDAQ: MPET) ("Magellan" or the "Company" today announced that it has entered into an exchange agreement with One Stone Holdings II LP ("One Stone" pursuant to which the Company will reacquire all of its Series A convertible preferred stock from One Stone in exchange for the Company's 100% interest in Nautilus Poplar LLC, which owns the oil and gas leases that cover the Poplar field and certain other assets and liabilities (the "Transaction". The Transaction was negotiated and approved by the Special Committee of the Board of Directors of Magellan.
MPET: 1.14 (-0.14)
Magellan Petroleum Regains Compliance With NASDAQ Listing Requirements
Marketwired - Tue Mar 08, 3:22PM CST
On March 4, 2016, Magellan Petroleum Corporation ("Magellan" or the "Company" (NASDAQ: MPET) received formal notification from The NASDAQ Stock Market LLC ("NASDAQ" that the Company has regained compliance with Listing Rule 5550(a)(2), which requires the Company's common stock to maintain a minimum bid price of $1.00 per share. NASDAQ staff made this determination of compliance after the closing bid price of the Company's common stock was at $1.00 per share or greater for the prior 10 consecutive business days.
MPET: 1.14 (-0.14)
Magellan Announces 1-for-8 Reverse Stock Split
Marketwired - Fri Jul 10, 11:28AM CDT
Magellan Petroleum Corporation (NASDAQ: MPET) ("Magellan" or the "Company" today announced that it will effect a 1-for-8 reverse stock split of its common stock. At a special meeting of the Company's stockholders held earlier today, the stockholders approved an amendment to the Company's certificate of incorporation to effect the reverse stock split at a ratio determined by the Company's Board of Directors within a ratio of not less than 1-for-3 and not greater than 1-for-10. The Board approved the implementation of a reverse stock split and determined the appropriate reverse stock split ratio to be 1-for-8. The 1-for-8 reverse stock split will be effective as of the close of business on July 10, 2015, and the Company's common stock will begin trading on a split-adjusted basis on Monday, July 13, 2015.
MPET: 1.14 (-0.14)
Magellan Announces Formation of Special Committee to Review Strategic Alternatives
Marketwired - Mon Jul 06, 5:00AM CDT
Magellan Petroleum Corporation (NASDAQ: MPET) ("Magellan" or the "Company" today announced the formation of a special committee of independent members of the Board of Directors of the Company (the "Special Committee" to consider various strategic alternatives potentially available to the Company. The formation of the Special Committee is not in response to any proposal received by the Company or an approach by a third party.
MPET: 1.14 (-0.14)
Magellan Announces Conversion of Revolving Loan Into Term Loan
Marketwired - Thu Jul 02, 5:00AM CDT
Magellan Petroleum Corporation (NASDAQ: MPET) ("Magellan" or the "Company" today announced the amendment of the senior secured revolving loan facility (the "Revolving Loan Facility", which Nautilus Poplar LLC ("Nautilus", a wholly owned subsidiary of Magellan, entered into on September 17, 2014 with West Texas State Bank ("WTSB". Nautilus holds the Company's interests in the Poplar Field.
MPET: 1.14 (-0.14)
Update on Horse Hill, UK General Elections
Marketwired - Tue May 12, 5:01AM CDT
Magellan Petroleum Corporation (NASDAQ: MPET) ("Magellan" or the "Company" today provided an update on the Horse Hill-1 well ("HH-1" and PEDL 137, in which it owns a 35% direct working interest.
MPET: 1.14 (-0.14)
Magellan Sells Its Weald Basin Acreage and Settles Litigation
Marketwired - Mon Jun 13, 5:00AM CDT
DENVER, CO--(Marketwired - June 13, 2016) - Magellan Petroleum Corporation (NASDAQ: MPET) ("Magellan" or the "Company"
today announced the sale of the Company's 50% interests in Petroleum Exploration and Development License ("PEDL" 234 in the Weald basin in the UK to UK Oil and Gas Investments PLC ("UKOG" and the settlement of its litigation with Celtique Energie Weald Limited ("Celtique" for approximately $1.8 million. MPET: 1.14 (-0.14)
Magellan Sells Mereenie Bonus Rights
Marketwired - Thu May 19, 5:00AM CDT
DENVER, CO--(Marketwired - May 19, 2016) - Magellan Petroleum Corporation (NASDAQ: MPET) ("Magellan" or the "Company"
today announced the sale to Macquarie Bank Limited ("Macquarie" of all the Company's rights to certain bonus payments related to the Mereenie field located in the Amadeus Basin in Australia for a purchase price of AUD $3.45 million. MPET: 1.14 (-0.14)
Magellan Enters Into Strategic Exchange Transaction
Marketwired - Fri Apr 01, 5:00AM CDT
Magellan Petroleum Corporation (NASDAQ: MPET) ("Magellan" or the "Company"
today announced that it has entered into an exchange agreement with One Stone Holdings II LP ("One Stone" pursuant to which the Company will reacquire all of its Series A convertible preferred stock from One Stone in exchange for the Company's 100% interest in Nautilus Poplar LLC, which owns the oil and gas leases that cover the Poplar field and certain other assets and liabilities (the "Transaction". The Transaction was negotiated and approved by the Special Committee of the Board of Directors of Magellan. MPET: 1.14 (-0.14)
Magellan Petroleum Regains Compliance With NASDAQ Listing Requirements
Marketwired - Tue Mar 08, 3:22PM CST
On March 4, 2016, Magellan Petroleum Corporation ("Magellan" or the "Company"
(NASDAQ: MPET) received formal notification from The NASDAQ Stock Market LLC ("NASDAQ" that the Company has regained compliance with Listing Rule 5550(a)(2), which requires the Company's common stock to maintain a minimum bid price of $1.00 per share. NASDAQ staff made this determination of compliance after the closing bid price of the Company's common stock was at $1.00 per share or greater for the prior 10 consecutive business days. MPET: 1.14 (-0.14)
Magellan Announces 1-for-8 Reverse Stock Split
Marketwired - Fri Jul 10, 11:28AM CDT
Magellan Petroleum Corporation (NASDAQ: MPET) ("Magellan" or the "Company"
today announced that it will effect a 1-for-8 reverse stock split of its common stock. At a special meeting of the Company's stockholders held earlier today, the stockholders approved an amendment to the Company's certificate of incorporation to effect the reverse stock split at a ratio determined by the Company's Board of Directors within a ratio of not less than 1-for-3 and not greater than 1-for-10. The Board approved the implementation of a reverse stock split and determined the appropriate reverse stock split ratio to be 1-for-8. The 1-for-8 reverse stock split will be effective as of the close of business on July 10, 2015, and the Company's common stock will begin trading on a split-adjusted basis on Monday, July 13, 2015. MPET: 1.14 (-0.14)
Magellan Announces Formation of Special Committee to Review Strategic Alternatives
Marketwired - Mon Jul 06, 5:00AM CDT
Magellan Petroleum Corporation (NASDAQ: MPET) ("Magellan" or the "Company"
today announced the formation of a special committee of independent members of the Board of Directors of the Company (the "Special Committee" to consider various strategic alternatives potentially available to the Company. The formation of the Special Committee is not in response to any proposal received by the Company or an approach by a third party. MPET: 1.14 (-0.14)
Magellan Announces Conversion of Revolving Loan Into Term Loan
Marketwired - Thu Jul 02, 5:00AM CDT
Magellan Petroleum Corporation (NASDAQ: MPET) ("Magellan" or the "Company"
today announced the amendment of the senior secured revolving loan facility (the "Revolving Loan Facility", which Nautilus Poplar LLC ("Nautilus", a wholly owned subsidiary of Magellan, entered into on September 17, 2014 with West Texas State Bank ("WTSB". Nautilus holds the Company's interests in the Poplar Field. MPET: 1.14 (-0.14)
Update on Horse Hill, UK General Elections
Marketwired - Tue May 12, 5:01AM CDT
Magellan Petroleum Corporation (NASDAQ: MPET) ("Magellan" or the "Company"
today provided an update on the Horse Hill-1 well ("HH-1" and PEDL 137, in which it owns a 35% direct working interest. MPET: 1.14 (-0.14)
