PORTLAND, Maine, Sept. 3 /PRNewswire-FirstCall/ -- Magellan Petroleum Corporation (Nasdaq: MPET) (ASX: MGN) (the "Company") reported a consolidated net loss of $1.5 million or $0.03 per share on gross revenues of $28.5 million for its fiscal year ended June 30, 2010, as compared to net income of $665,000 or $0.02 per share, on revenues of $28.2 million in fiscal 2009. Magellan's President and Chief Executive Officer, William H. Hastings said, "Our results reflect our transitioning from 'what...
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