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Last updated on April 20, 2014 at 8:28 EDT

Latest Evans Shoal Stories

2011-02-01 08:17:00

PORTLAND, Maine, Feb. 1, 2011 /PRNewswire/ -- Magellan Petroleum Corporation (Nasdaq: MPET) (ASX: MGN) Magellan Petroleum Australia Ltd ("MPAL"), a wholly-owned subsidiary of Magellan Petroleum Corporation ("Magellan", "Company"), and Santos Offshore Pty Ltd ("Santos") have agreed to extend the closing date for the sale of Santos' 40% stake in the Evans Shoal gas field located offshore Northern Territory, Australia to MPAL. This extension will allow us to continue to work to obtain the...

2010-12-24 09:01:00

PORTLAND, Maine, Dec. 24, 2010 /PRNewswire-FirstCall/ -- Magellan Petroleum Corporation (the "Company") (Nasdaq: MPET) (ASX: MGN) has received and accepted a legally binding commitment from its largest shareholder, Young Energy Prize s.a. (YEP), to provide the necessary funds required for MPET's wholly-owned Australian subsidiary to close out the acquisition from Santos Offshore Pty Ltd (Santos) of a 40% ownership interest in the Evans Shoal natural gas field in the Bonaparte Basin...

2010-08-09 13:48:00

PORTLAND, Maine, Aug. 9 /PRNewswire-FirstCall/ -- Magellan Petroleum Corporation (Nasdaq: MPET) (ASX: MGN) ("Magellan" or the "Company") has executed a Securities Purchase Agreement and an Investor's Agreement to finalize the terms of its previously announced second Private Investment in a Public Equity ("PIPE") with its largest stockholder, Young Energy Prize S.A. ("YEP"), a Luxembourg corporation. The placement involves the issuance and sale of up to 5.2 million new shares of the...

2010-06-09 11:15:00

PORTLAND, Maine, June 9 /PRNewswire-FirstCall/ -- Magellan Petroleum Corporation (Nasdaq: MPET) (ASX: MGN) ("Magellan" or the "Company") announces that Australia's Foreign Investment Review Board (FIRB) has indicated they have "no objection" to Magellan's acquisition of Santos Limited's (Santos) 40% interest in the Evans Shoal natural gas field (NT/P48). The Board examines proposals by foreign interests to undertake direct investment in Australia and makes recommendations to the Government...

2010-03-25 17:30:00

PORTLAND, Maine, March 25 /PRNewswire-FirstCall/ -- Magellan Petroleum Corporation (Nasdaq: MPET) (ASX: MGN) announced the execution of an agreement by its wholly-owned subsidiary, Magellan Petroleum Australia Limited (MPAL), with Santos Limited (Santos) to purchase Santos' 40% interest in the Evans Shoal natural gas field (NT/P48), located in the Bonaparte Basin offshore Northern Australia. Under the agreement, Magellan will pay Santos time-staged cash consideration equal to Australian...