DENVER, CO--(Marketwired - October 02, 2014) - Magellan Petroleum Corporation ("Magellan" or the "Company") (NASDAQ: MPET) today announced that the Company's upcoming annual meeting of shareholders will be held at 10:00 a.m. Eastern Time on December 11, 2014, at the Four Points by Sheraton hotel located at 4343 Collins Avenue, Miami Beach, Florida.
DENVER, CO--(Marketwired - October 16, 2014) - Magellan Petroleum Corporation ("Magellan" or the "Company") (NASDAQ: MPET) today announced that on October 10, 2014, the Company entered into an Options and Stock Purchase Agreement (the "Agreement") to repurchase 250,000 shares and options to acquire 1,512,500 shares of Magellan's common stock from William Hastings, the former president and chief executive officer of the Company.
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Non-GAAP operating income for the first nine months increased 19% to a record high $18.9 million for the period; Revenues for the first nine months increased 17% year over year to a record high $121.8 million for the period
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Total net revenues of $25.8 million for the three months ended September 30, 2014 Access rights renewal revenues were $16.8 million, up from $16.1 million in Q214 GAAP operating loss of $0.8 million, adjusted EBITDA of $4.1 million GAAP diluted EPS of breakeven; non-GAAP diluted EPS of $0.18 Generated $3.2 million in free cash flow Cash and cash equivalents of $75.2 million and no debt as of September 30, 2014
WEST PALM BEACH, Fla.
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