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 6 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
REVENUES:        
Oil production $ 1,442 $ 2,701 $ 2,902 $ 5,996
Gas production 306 501 507 942
Total revenues 1,748 3,202 3,409 6,938
OPERATING EXPENSES:        
Lease operating 1,665 3,259 3,716 6,277
Depletion, depreciation, amortization, and accretion 332 366 649 841
Exploration 4,094 1,006 4,716 1,994
General and administrative 3,394 3,347 7,057 5,858
Impairment 0 0 890 0
Gain on sale of assets 0 98 0 (4,010)
Total operating (income) expense 9,485 8,076 17,028 10,960
Income (loss) from operations (7,737) (4,874) (13,619) (4,022)
Other income (expense)        
Net interest income 258 119 479 390
Other income (127) 0 (112) 0
Total other income (expense) 131 119 367 390
Income (loss) before income tax (7,606) (4,755) (13,252) (3,632)
Income tax benefit (provision) 321 198 658 0
Net income (loss) after income tax (7,285) (4,557) (12,594) (3,632)
Net loss attributable to non-controlling interest in subsidiaries 0 0 0 (15)
Net income (loss) attributable to Magellan Petroleum Corporation $ (7,285) $ (4,557) $ (12,594) $ (3,617)
Earnings per common share (Note 8):        
Weighted average number of basic shares outstanding (in shares) 53,860,337 53,835,594 53,854,759 53,378,216
Weighted average number of diluted shares outstanding (in shares) 53,860,337 53,835,594 53,854,759 53,378,216
Net income (loss) per basic share outstanding (dollars per share) $ (0.14) $ (0.08) $ (0.23) $ (0.07)