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Home > Company Index > Energy > Oil & Gas Exploration & Production > Magellan Petroleum Corporation

Magellan Petroleum Corporation
Nasdaq (SC): MPET
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 PROFILE
Magellan Petroleum has gone around the world to explore for oil and gas. It operates mainly through its 51%-owned Magellan Petroleum Australia Limited (MPAL), a publicly traded Australian firm. MPAL's chief assets are interests in the Mereenie oil and gas field and the Palm Valley gas field in the Amadeus Basin in Australia's Northern Territory. It has proved reserves of 70.6 billion cu. ft. of natural gas and 496,000 barrels of oil; gas accounts for about 65% of sales. MPAL's main customer is the Northern Territory's Power and Water Authority. MPAL and Magellan Petroleum also own interests in oil and gas properties in New Zealand; Canada; and the US. Origin Energy owns 17% of the company.

 COMPETITION
Canada Southern Petroleum Ltd. (CSPLF)
Santos Ltd (STOSY)
Woodside Petroleum Ltd. (WOPEY)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 16.30
1-Yr. Sales Growth: 21.6%
Employees: 36
Revenue per employee: $452,777.78

 KEY PEOPLE
• James R. Joyce
    CEO
• James R. Joyce
    CFO

 CONTACT INFO
149 Durham Rd.
Madison, CT 06443
US
Phone: 203-245-7664
Fax: -
Online: Web Site

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