Magellan Petroleum Corporation (NASDAQ: MPET) held their 2009 annual meeting of shareholders on December 9, 2009 in Orlando, Florida. The company's shareholders had voted to re-elect Donald V. Basso and Robert J. Mollah to their Board of Directors. The two directors will hold their term for three years, expiring with the 2012 Annual Meeting of Shareholders. The company also approved the appointment of Deloitte & Touche LLP as their independent auditors for the fiscal year ending June 30, 2010.
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Magellan Petroleum Corporation (MPC) is engaged in the sale of oil and gas, and the exploration for and development of oil and gas reserves. As of June 30, 2009, the Company’s principal asset was a 100% equity interest in its subsidiary, Magellan Petroleum Australia Limited (MPAL).
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