Building Shareholder Returns by Maximizing the Potential of Currently Held Assets NASDAQ: MPET June 2012
Magellan Is executing a turnaround strategy focused on maximizing the value of existing oil and gas assets in the United States, Australia, and the United Kingdom 2
Investment Considerations Pro forma cash and equivalents of approximately 45 million More than 10 MMBoe net proved reserves 61 m Several near-term opportunities to significantly increase reserves 45 m Adj (2) 22,000 22 000 net…
Poplar 22,000 net unitized acres covering largest geologic structure in western Williston Basin Substantially all acreage held by production, and capex is mainly discretionary Bakken Play is moving i westt tto Poplar 4
Australian Onshore Assets Palm Valley 145 km SW of Alice Springs 18 18 Bcf of proved gas reserves 100 m revenue contract 23 Bcf over 17 years with price upside 100% owner / operator Connected to Darwin pipeline Dingo 65 km south…
Longer Term: Bonaparte Basin NT/P82 Long term development opportunity Potential reserves of 3 Tcf 100% held exploration block 3D seismic survey to be conducted in Q1 FY13 1 eexploration p o at o well e by 2015 6
Longer Term: UK Shale Northern operated (22.5% 40%) 240,000 net acres 12 licenses Markwells Wood production test ongoing Several drilling prospects identified PEDL 240 (Isle of Wight) Wytch Farm extension play Celtique…
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