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Magellan looks past Poplar sale toward international assets deals

Apr 01, 2016 - The Deal Pipeline
Board and Executive Moves-Mergers and Acquisitions

Magellan Petroleum Corp. (MPET) announced Friday, April 1, that after a lengthy strategic review process, the company will reacquire its Series A convertible preferred stock from an affiliate of One Stone Energy Prtners LP in exchange for a 100% interest in its Nautilus Poplar LLC subsidiary.  The Denver-based independent oil and gas explorer's Nautilus Poplar subsidiary owns the oil and gas leases that cover the Poplar oil field in Roosevelt County, Montana, as well as certain other undis...