23 Dec 2009asset acquisition disposition▲ Good
Magellan's Australian subsidiary sold its Nockatunga oil field interests to Santos for about US$5.6 million, exiting one of its legacy Australian production assets.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 Oct 2009asset acquisition disposition▲ GoodMajor
Magellan Petroleum acquired an 83.5% controlling stake in Nautilus Poplar LLC, owner of the East and Northwest Poplar oil fields in Montana, for $10.9 million ($7.3 million cash plus 1.7 million shares) -- Magellan's entry into US onshore production.