| Oil sales | |
| Gas sales | |
| Other production related revenues | |
| Total revenues | |
| Production costs | |
| Exploration and dry hole costs | 155K |
| Salaries and employee benefits | |
| Depletion, depreciation and amortization | |
| Auditing, accounting and legal services | |
| Accretion expense | |
| Shareholder communications | |
| (Gain) on sale of assets | |
| Impairment loss | |
| Other administrative expenses | |
| Foreign transaction (gain) loss | |
| Total costs and expenses | |
| Operating (loss) income | -2.19M |
| Warrant expense | |
| Investment income | |
| (Loss) income before income taxes | |
| Income tax (provision) benefit | 0 |
| Net (Loss) income before non-controlling interest | -1.37M |
| Less non-controlling interest (Income) loss | |
| Net (Loss) income attributable to Magellan Petroleum | |
| Average number of shares outstanding Basic | 5.84M |
| Average number of shares outstanding Dilutive | 5.84M |
| Net (Loss) income per basic and dilutive common shares attributable to Magellan Petroleum Corporation common shareholders | |