Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Operations (Unaudited)

v3.3.1.900
Condensed Consolidated Statement of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]        
REVENUE FROM OIL PRODUCTION $ 566 $ 1,265 $ 1,215 $ 2,855
OPERATING EXPENSES:        
Lease operating 601 1,270 1,586 2,484
Depletion, depreciation, amortization, and accretion 238 260 436 515
Exploration 10 486 257 908
General and administrative 1,225 2,137 3,203 4,526
Total operating expenses 2,074 4,153 5,482 8,433
Loss from operations (1,508) (2,888) (4,267) (5,578)
OTHER INCOME (EXPENSE):        
Net interest expense (72) (17) (139) (17)
Gain (loss) on investment in securities 118 0 (143) 0
Other income 82 20 106 82
Total other income (expense) 128 3 (176) 65
Loss before tax (1,380) (2,885) (4,443) (5,513)
Income tax expense 0 0 0 0
Net loss (1,380) (2,885) (4,443) (5,513)
Net loss attributable to non-controlling interest in subsidiary 13 170 24 170
Net loss attributable to Magellan Petroleum Corporation (1,367) (2,715) (4,419) (5,343)
Preferred stock dividends (461) (430) (913) (859)
Net loss attributable to common stockholders $ (1,828) $ (3,145) $ (5,332) $ (6,202)
Loss per common share (Note 11):        
Weighted average number of basic shares outstanding 5,757,533 5,709,692 5,730,157 5,708,276
Weighted average number of diluted shares outstanding 5,757,533 5,709,692 5,730,157 5,708,276
Basic and diluted loss per common share:        
Net loss attributable to Magellan Petroleum Corporation, including preferred stock dividends (usd per share) $ (0.32) $ (0.55) $ (0.93) $ (1.09)
Net loss attributable to common stockholders (usd per share) $ (0.32) $ (0.55) $ (0.93) $ (1.09)