Tellurian Inc. Quarterly report pursuant to Section 13 or 15(d)

Loss Per Common Share (Tables)

3 Months Ended

Sep. 30, 2015

The following table summarizes the computation of basic and diluted loss per share:



	THREE MONTHS ENDED
	September 30,
	2015			2014
	(In thousands, except share and per share amounts)
Net loss	$	(3,063	)	$	(2,627	)
Preferred stock dividend	(452		)	(430		)
Net loss, including preferred stock dividends	(3,515		)	(3,057		)
Net loss attributable to non-controlling interest in subsidiary	12			—
Net loss attributable to common stockholders	$	(3,503	)	$	(3,057	)

Basic weighted average shares outstanding	5,702,780			5,706,860
Add: dilutive effects of in-the-money stock options	—			—
Diluted weighted average common shares outstanding	5,702,780			5,706,860

Basic loss per common share:
Net loss attributable to Magellan Petroleum Corporation, including preferred stock dividends	$(0.61)			$(0.54)
Net loss attributable to common stockholders	$(0.61)			$(0.54)

Diluted loss per common share:
Net loss attributable to Magellan Petroleum Corporation, including preferred stock dividends	$(0.61)			$(0.54)
Net loss attributable to common stockholders	$(0.61)			$(0.54)

Potentially dilutive securities excluded from the calculation of diluted shares outstanding in periods with net losses are as follows:



	THREE MONTHS ENDED
	September 30,
	2015	2014
In-the-money stock options	—	368,078
Common shares issuable upon conversion of Series A Preferred Stock	2,690,553	2,510,174
Total	2,690,553	2,878,252