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Re: biomanbaba post# 171

Sunday, 11/07/2010 12:58:09 PM

Sunday, November 07, 2010 12:58:09 PM

Post# of 326
Yes one of the biggest draws here in my opinion.


Magellan Petroleum Corporation (Nasdaq: MPET) (ASX: MGN) (the "Company") reported total proved oil and natural gas reserves as of June 30, 2010 were 9.7 million barrels of oil equivalent ("MMBOE"), consisting of 9.48 million barrels ("MMbbls") of crude oil and 1.53 billion cubic feet ("Bcf") (.26 MMBOE) of natural gas. Taking into account the sale of the Cooper Basin assets and the acquisition of the Poplar Fields, the Company's reserves increased from the year-end 2009 reported estimates of 1.6 MMBOE to 9.7MMBOE at year end 2010.


This is not an offer to buy or sell securities or any kind of investment advice. Oil investment carries very high risks so do your own due diligence before and consult a licensed professional making any decisions.

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