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Wednesday, 06/24/2009 1:50:33 PM

Wednesday, June 24, 2009 1:50:33 PM

Post# of 42535
From someone on Yahoofinance board, take it as you want.

below is what Karen replied:
We had been told that it would take approximately two weeks to get accurate average volume production numbers from our wells. This is obviously taking longer than expected and as soon as we do get the numbers, we will release them. In the meantime, we announced that we have practically doubled the number of producing wells in our portfolio.

News-worthy events happen when they happen. When a third party is involved, we are at the mercy of their schedules and cannot do anything to hurry it. Magellan is continuing to execute its business plan and will continue to build cumulative revenue numbers from its current and future wells; thereby building shareholder value.

Regards,

Karen Willoughby
Investor Relations
866-365-4724
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