| Income Statement for Magellan Petroleum Corp. (MPET) | | | | | | | Income | in Thousands of Dollars | | | 06/2008 | 06/2007 | 06/2006 | 06/2005 | 06/2004 | | | Operating Revenue | 40,895 | 30,675 | 26,562 | 21,871 | 19,424 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (12,184) | (12,486) | (11,485) | (10,302) | (8,642) | | Gross Operating Profit | 28,710 | 18,189 | 15,078 | 11,569 | 10,783 | | | Selling/General/Admin Expense | (6,692) | (5,336) | (5,086) | (4,195) | (5,422) | | Research & Development | - | - | - | - | - | | EBITDA | 22,018 | 12,853 | 9,992 | 7,374 | 5,360 | | Depreciation & Amortization | (18,021) | (10,693) | (6,314) | (6,994) | (6,342) | | EBIT | 3,997 | 2,159 | 3,678 | 380 | (982) | | Interest Income | 2,123 | 1,670 | 1,269 | 1,142 | 1,099 | | Other Income, Net | 35 | 10 | 119 | - | - | | Total Income Avail For Interest Expense | 5,439 | 1,445 | 4,196 | 1,114 | 118 | | Interest Expense | - | - | - | - | - | | Pre-Tax Income | 5,439 | 1,445 | 4,196 | 1,114 | 118 | | Income Taxes | (14,330) | (999) | (1,679) | 82 | 778 | | Minority Interest | - | - | (1,768) | (1,110) | (546) | | Net Income from Continuing Operations | (8,892) | 447 | 749 | 87 | 350 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (8,892) | 447 | 749 | 87 | 350 | | | Normalized Income | (8,176) | 2,841 | 1,619 | 494 | 350 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (716) | (2,394) | (870) | (407) | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (8,892) | 447 | 749 | 87 | 350 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 06/2008 | 06/2007 | 06/2006 | 06/2005 | 06/2004 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | -0.21 | 0.01 | 0.03 | 0.00 | 0.01 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.21 | 0.01 | 0.03 | 0.00 | 0.01 | | | Diluted EPS from Continuing Operations | -0.21 | 0.01 | 0.03 | 0.00 | 0.01 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.21 | 0.01 | 0.03 | 0.00 | 0.01 | | | |
