| (Values in U.S. Thousands) | Jun, 2016 | Jun, 2015 | Jun, 2014 | Jun, 2013 | Jun, 2012 |
| Sales | 0 | 4,460 | 7,600 | 7,070 | 13,710 |
| Sales Growth | -100.00% | -41.32% | +7.50% | -48.43% | -24.55% |
| Net Income | -17,580 | -43,000 | 15,510 | -19,770 | 26,480 |
| Net Income Growth | +59.12% | -377.24% | +178.45% | -174.66% | +181.65% |
Magellan Petroleum (MPET)
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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.