| Cash and cash equivalents | 892K |
| Accounts receivable trade (net of allowance for doubtful accounts of $0 and $66,702 at September 30, 2011 and at June 30, 2011 respectively) | |
| Accounts receivable working interest partners | |
| Deposit on Evans Shoal | |
| Marketable securities | |
| Securities available-for-sale (at fair value) | |
| Inventories | |
| Deferred income taxes | |
| Assets held for sale | |
| Prepaid assets | |
| Other assets | |
| Total current assets | 4.87M |
| Deferred income taxes | |
| Deposit on Evans Shoal | |
| Securities available-for-sale - Noncurrent | |
| Oil and gas properties (successful efforts method) | |
| Land, buildings and equipment | |
| Field equipment | |
| Property Plant And Equipment Gross | |
| Less accumulated depletion, depreciation and amortization | |
| Net property and equipment | 78K |
| Goodwill | 500K |
| Other assets | 19K |
| Total assets | 5.84M |
| Accounts payable | 519K |
| Accrued liabilities | 2.58M |
| Accounts payable - working interest partners | |
| Short term line of credit | |
| Current portion of notes payable | |
| Liability related to assets held for sale | |
| Deferred income taxes | |
| Income taxes payable | |
| Contingent consideration - short term | |
| Total current liabilities | 3.21M |
| Deferred Income Taxes and Other Tax Liabilities Noncurrent | |
| Notes payable | |
| Asset retirement obligations | |
| Contingent consideration | |
| Total long term liabilities | |
| Commitments and contingencies | |
| Other long term liabilities | |
| Common stock, par value $.01 per share: Authorized 300,000,000 shares, outstanding, 53,735,594 and 52,455,977 at September 30, 2011 and June 30, 2011, respectively | 71K |
| Capital in excess of par value | 104.55M |
| Preferred stock, par value $.01 per share: Authorized 50,000,000 and 0 shares, outstanding, none at September 30, 2011 and at June 30, 2011, respectively | |
| Accumulated deficit | -97.6M |
| Accumulated other comprehensive income | 5.42M |
| Total equity attributable to Magellan Petroleum Corporation | 2.63M |
| Non-controlling interest in subsidiaries | |
| Total equity | |
| Total liabilities and equity | 5.84M |