Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Operations

v2.4.0.8
Consolidated Statement of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Jun. 30, 2014
Jun. 30, 2013
REVENUES:    
REVENUE FROM OIL PRODUCTION $ 7,601 $ 6,131
OPERATING EXPENSES:    
Lease operating 6,257 4,851
Depletion, depreciation, amortization, and accretion 1,123 1,121
Exploration 3,484 7,907
General and administrative 9,085 9,645
Impairment 0 890
Total operating expenses 19,949 24,414
Loss from operations (12,348) (18,283)
OTHER (EXPENSE) INCOME:    
Net interest (expense) income (243) 298
Fair value revision of contingent consideration payable 2,403 458
Other income 146 698
Total other income 2,306 1,454
Loss from continuing operations (10,042) (16,829)
Loss from discontinued operations, net of tax (4,461) (2,938)
Gain on disposal of discontinued operations, net of tax 30,012 0
Net income (loss) from discontinued operations 25,551 (2,938)
Net income (loss) attributable to Magellan Petroleum Corporation 15,509 (19,767)
Preferred stock dividends and accretion of preferred stock (1,696) (722)
Net income (loss) attributable to common stockholders $ 13,813 $ (20,489)
Earnings per common share:    
Weighted average number of basic shares outstanding 45,348,840 49,642,083
Weighted average number of diluted shares outstanding 45,348,840 49,642,083
Basic earnings (loss) per common share:    
Loss from continuing operations (usd per share) $ (0.26) $ (0.35)
Net income (loss) from discontinued operations (usd per share) $ 0.56 $ (0.06)
Net income (loss) attributable to common stockholders (usd per share) $ 0.30 $ (0.41)
Diluted earnings (loss) per common share:    
Loss from continuing operations (usd per share) $ (0.26) $ (0.35)
Net income (loss) from discontinued operations (usd per share) $ 0.56 $ (0.06)
Net income (loss) attributable to common stockholders (usd per share) $ 0.30 $ (0.41)