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Magellan Petroleum (MPET) Files 1.18M Common Shelf for Selling Shareholders

October 17, 2011 9:20 AM EDT
Magellan Petroleum Corp. (Nasdaq: MPET) filed a registration with the U.S. Securities and Exchange Commission to sell, from time to time, up to 1,182,742 shares of Common Stock on behalf of Selling Shareholders.

Magellan will not receive any proceeds from the sale of our Common Stock by the Selling Stockholders.


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