| Balance Sheet for Magellan Petroleum Corp. (MPET) | | | | | | | Assets | in Thousands of Dollars | | | 06/2008 | 06/2007 | 06/2006 | 06/2005 | 06/2004 | | | Cash and Equivalents | 34,615 | 28,470 | 21,883 | 21,733 | 20,407 | | Marketable Securities | 1,708 | 2,974 | 540 | 3,217 | 2,584 | | Receivables | 8,470 | 5,044 | 5,223 | 5,075 | 3,976 | | Inventories | 1,260 | 702 | 735 | 592 | 596 | | Other Current Assets | 404 | 379 | 317 | 527 | 318 | | Total Current Assets | 46,458 | 37,570 | 28,698 | 31,144 | 27,881 | | | Gross Fixed Assets | 142,943 | 124,493 | 91,070 | 84,940 | 73,717 | | Accumulated Depreciation | (114,496) | (84,173) | (63,288) | (60,674) | (49,296) | | Net Fixed Assets | 28,447 | 40,321 | 27,783 | 24,265 | 24,421 | | Intangibles | - | - | 5,323 | - | - | | Other Non-Current Assets | - | 1,404 | - | - | 592 | | Total Non-Current Assets | 38,837 | 48,046 | 39,883 | 25,280 | 25,013 | | Total Assets | 85,295 | 85,616 | 68,580 | 56,424 | 52,894 | | | Liabilities | in Thousands of Dollars | | | 06/2008 | 06/2007 | 06/2006 | 06/2005 | 06/2004 | | | Accounts Payable | 2,929 | 5,537 | 1,857 | 3,602 | 4,367 | | Short Term Debt | - | - | - | - | - | | Other Current Liabilities | 3,858 | 1,647 | 102 | 26 | 268 | | Total Current Liabilities | 8,678 | 8,566 | 3,878 | 4,936 | 6,185 | | | Long Term Debt | - | - | - | - | - | | Deferred Income Tax | 2,508 | 3,519 | 1,436 | - | 403 | | Other Non-Current Liabilities | 11,645 | 9,557 | 7,147 | 5,729 | 4,852 | | Minority Interest | - | - | - | 18,583 | 16,533 | | Total Non-Current Liabilities | 14,153 | 13,076 | 8,583 | 24,312 | 21,789 | | Total Liabilities | 22,831 | 21,642 | 12,461 | 29,248 | 27,974 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 62,463 | 63,975 | 56,119 | 27,176 | 24,920 | | Total Equity | 62,463 | 63,975 | 56,119 | 27,176 | 24,920 | | Total Liabilities & Stock Equity | 85,295 | 85,616 | 68,580 | 56,424 | 52,894 | | | |
