Magellan Petroleum Corporation (NASDAQ:MPET)
About Magellan Petroleum Corporation Magellan Petroleum Corporation (MPC) is engaged in the sale of oil and gas and the exploration for and development of oil and gas reserves. As of June 30, 2010, MPC had three operating segments: 100% equity interest in its subsidiary, Magellan Petroleum Australia Limited (MPAL); 83.5% controlling member interest in Nautilus Poplar, LLC (Nautilus), and a 26.3% working interest in the Poplar Fields in Montana. The Company owns two petroleum production leases covering the Mereenie oil and gas field (35% working interest), one petroleum production lease covering the Palm Valley gas field (52% working interest) and seventeen licenses in the United Kingdom, five of which are operated by MPAL. In March
2010, MPAL entered into an agreement with Santos to purchase Santos’ 40% interest in the Evans Shoal natural gas field, located in the Bonaparte Basin offshore Northern Australia.
52 week range
$1.49 - $3.00
Financials As per its last financials statements ending September 30 th, 2010 Magellan Petroleum Corporation (NASDAQ:MPET) generated the total revenue of $2.58 million for the quarter. However the company ended with net loss of $3.41 million or loss of $0.06 per share for the quarter. The company’s total assets accumulate up to $94.15 million as on September 30 th, 2010. The company maintains the current ratio of 7.3 times which depicts that current assets are 7.3 times more than the current liabilities. The company’s high short term liquidity position is also evident from the fact that its cash and cash equivalents of $28.16 million cover the current liabilities by 4.86 times.
Pacific Ethanol Inc (NASDAQ:PEIX)
About Pacific Ethanol Inc Pacific Ethanol, Inc. is a marketer and producer of low carbon renewable fuels in the Western United States. It produces and sells ethanol and its co-products, including wet distillers grain and provides transportation, storage and delivery of ethanol through third-party service providers in the Western United States, primarily in California, Nevada, Arizona, Oregon, Colorado, Idaho and Washington. On May 17, 2009, five of its indirect wholly owned subsidiaries, Pacific Ethanol Holding Co. LLC, Pacific Ethanol Madera LLC, Pacific Ethanol Columbia, LLC, Pacific Ethanol Stockton, LLC and Pacific Ethanol Magic Valley, LLC, each commenced a case by filing voluntary petitions for relief under the Bankruptcy
Code in the United States Bankruptcy Court for the District of Delaware in an effort to restructure their indebtedness. In June 2010, Pacific Ethanol Inc. announced the emergence from bankruptcy of Pacific Ethanol Holding Co. LLC (PEH) and its four wholly owned subsidiaries.
52 week range
$0.37 - $2.75
Inc (NASDAQ:PEIX) generated the total revenue of $46.04 million for the quarter. However the company resulted in net loss of $12.12 million or loss of $0.16 per share for the respective quarter. The companyâ€™s balance sheet shows a much sound financial condition of the company. PEIX total assets accumulate up to $55.47 million with highest proportion of current assets standing at $48.96 million. The company maintains a strong short term liquidity position with current ratio of 1.17 times.
U.S. Energy Corp. (NASDAQ:USEG)
About U.S. Energy Corp. U.S. Energy Corp. acquires and develops oil and gas and other mineral properties. At December 31, 2009, the Company has three operating segments: Oil and gas, real estate, and minerals (including geothermal). The Company is focused on advancing its geothermal properties through exploration and development, and eventual third party funding, sale or joint venture, and advance its molybdenum property by working with its partner, Thompson Creek Metals Company (USA) to develop the Mount Emmons molybdenum project into a operating mine. At December 31, 2009, its estimated proved reserves (approximately 75% oil and 25% natural gas) were 1,086,203 barrel of oil equivalent. Average
production during the year ended December 31, 2009, was 443 barrel of oil equivalent per day (220 barrels of oil and 1,337 million cubic feet per day.
52 week range
$3.91 - $7.39
Corp. (NASDAQ:USEG) reported the increase of 360 percent in its total revenue to $3.36 million for the quarter as compared to the total revenue of $1.38 million for the same period last year. The company however resulted in net loss of $0.23 million or loss of $0.01 per share for the respective quarter. The companyâ€™s total assets accumulate up to $148.80 million with highest proportion of fixed assets in its composition. The company maintains the current ratio of 6.21 times which depicts that the current assets 6.21 times more than the current liabilities. USEG high short term liquidity position is also evident from the fact that its cash and cash equivalent of $10.41 million covers the current liabilities of $7.45 million by 1.4 times.
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