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Magellan Petroleum Corporation is an independent oil and gas exploration and production company focused on the development of a CO2-enhanced oil recovery ("CO2-EOR") program at Poplar Dome in eastern Montana and the exploration of unconventional hydrocarbon resources in the Weald Basin, onshore UK. Magellan also owns an exploration block, NT/P82, in the Bonaparte Basin, offshore Northern Territory, which the Company currently plans to farm-out; and an 11% ownership stake in Central Petroleum Limited (ASX: CTP), a Brisbane based junior exploration and production company that operates one of the largest holdings of prospective onshore acreage in Australia. The Company conducts its operations through three wholly owned subsidiaries corresponding to the geographies in which the Company operates: Nautilus Poplar LLC ("NP") in the US, Magellan Petroleum (UK) Limited ("MPUK"), and Magellan Petroleum Australia Pty Ltd ("MPA"). Our strategy is to enhance shareholder value by maximizing the value of our existing assets. Our portfolio of operations includes several early stage oil and gas exploration and development projects, the successful development of which requires significant capital, as well as significant engineering and management resources. We are committed to investing in these projects to establish their technical and economic viability. In turn, we are focused on determining the most efficient way to create the greatest value and highest returns for our shareholders. Magellan was founded in 1957 and incorporated in Delaware in 1967. The Company`s common stock has been trading on the NASDAQ since 1972 under the ticker symbol "MPET.
Argent Energy Trust`s main objective is to maximize Unitholder value from the existing portfolio of assets while maintaining consistent returns for investors through the development of oil, and natural gas reserves and production with low risk exploration potential.
Sumitomo Electric Group is a recognized global technology leader with over 240,000 employees working at more than 390 Sumitomo Electric Group Companies in 42 countries. Continuing more than a 120-year history of innovation, Sumitomo Electric Group today is engaged in diversified business activities supporting people`s daily lives and industry in five business segments: Automotive, Infocommunications, Electronics, Environment and Energy, and Industrial Materials and Others.
Helix Synergy is a Scarborough, ON-based company in the Energy and Utilities sector.
Tall City Exploration III LLC is a Warburg Pincus-backed exploration and production oil and gas company headquartered in Midland, Texas. The company`s primary activities include the pursuit of acquisitions and the exploration and development of upstream oil and gas assets in the Permian Basin.