Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Operations

v2.4.0.6
Consolidated Statement of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Sep. 30, 2012
Sep. 30, 2011
REVENUES:    
Oil production $ 1,460 $ 3,296
Gas production 200 439
Total revenues 1,660 3,735
OPERATING EXPENSES:    
Lease operating 2,051 3,018
Depletion, depreciation, amortization, and accretion 316 474
Exploration 622 987
General and administrative 3,663 2,512
Impairment 890 0
Gain on sale of assets 0 (4,108)
Total operating (income) expense 7,542 2,883
Income (loss) from operations (5,882) 852
Other income (expense)    
Net interest income 221 271
Other income 15 0
Total other income (expense) 236 271
Income (loss) before income tax (5,646) 1,123
Income tax benefit (provision) 336 (198)
Net income (loss) after income tax (5,310) 925
Net loss attributable to non-controlling interest in subsidiaries 0 15
Net income (loss) attributable to Magellan Petroleum Corporation $ (5,310) $ 940
Earnings per common share (Note 8):    
Weighted average number of basic shares outstanding (in shares) 53,849,181 52,915,811
Weighted average number of diluted shares outstanding (in shares) 53,849,181 54,720,728
Net income (loss) per basic share outstanding (dollars per share) $ (0.10) $ 0.02
Net income (loss) per diluted share outstanding (dollars per share) $ (0.10) $ 0.02