Magellan Petroleum Corp. (MPET) CEO William H. Hastings buys 78,000 Shares

President and CEO of Magellan Petroleum Corp. (MPET, Financial) William H. Hastings buys 78,000 shares of MPET on 11/17/2009 at an average price of $1.37 a share.

MAGELLAN PETROLEUM CORP. is engaged directly and through its majority-owned subsidiary, in the sale of oil and gas and the exploration for and development of oil and gas reserves. At June 30, 1996, Co.'s principal asset was a 50.7% equity interest in its subsidiary, Magellan Petroleum Australia Limited. Magellan Petroleum Corp. has a market cap of $56.1 million; its shares were traded at around $1.35 with and P/S ratio of 2. Magellan Petroleum Corp. had an annual average earning growth of 6% over the past 10 years.

Insiders' Positions with MPET

  • Buy:: President/CEO William H. Hastings bought 9,138 shares of MPET stock on 09/14/2009 at the average price of 1.25, the price of the stock has increased by 8% since

  • Buy:: President/CEO William H. Hastings bought 40,000 shares of MPET stock on 09/08/2009 at the average price of 1.16, the price of the stock has increased by 16.38% since

  • Buy:: President/CEO William H. Hastings bought 72,900 shares of MPET stock on 09/02/2009 at the average price of 1.08, the price of the stock has increased by 25% since



Insiders' Positions with MPET

  • Buy:: Director Nikolay V Bogachev bought 1,104,244 shares of MPET stock on 10/14/2009 at the average price of 1.4, the price of the stock has decreased by 3.57% since

  • Buy:: Director, 10% Owner Nikolay V Bogachev bought 568,985 shares of MPET stock on 07/30/2009 at the average price of 1.15, the price of the stock has increased by 17.39% since

  • Buy:: 10% Owner Energy Prize S.a. Young bought 568,985 shares of MPET stock on 07/30/2009 at the average price of 1.15, the price of the stock has increased by 17.39% since

  • Buy:: Director Robert Mollah bought 20,000 shares of MPET stock on 06/05/2009 at the average price of 1.2, the price of the stock has increased by 12.5% since