Falling sales and oil prices saw Magellan Petroleum announce a first half loss of $1.513 million....
Total sales revenue fell 12 per cent to $11.893 million, primarily reflecting a 25% fall in oil prices from $56.88 a barrel to $42.91 bbl.
Magellan share of production in its Australian Mereenie Field and Palm Valley in the US fell by 3% to 687,000 barrels of oil.
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