Each one in plain English, with the numbers worked through for a shareholder.
31 Mar 2014asset acquisition disposition▲ GoodMajor
The Palm Valley/Dingo sale to Central Petroleum closed, with Magellan receiving AUD $15 million cash and 39.5 million Central shares (worth about AUD $20.7 million) at completion -- ending Magellan's decades-long presence in Australia's Amadeus Basin.
Magellan agreed to sell its entire Palm Valley and Dingo gas field position -- the Amadeus Basin assets it had just consolidated in 2012 -- to Central Petroleum for AUD $35 million in cash and stock, exiting Australian gas production entirely.
Franklin Resources, Inc, Charles B. Johnson, Rupert H. Johnson, Jr, Franklin Advisory Services, LLC disclosed a new substantial TELLURIAN INC. /DE/ shareholding (5.20% of votes).
TELLURIAN INC. /DE/ announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
Magellan's Dingo gas field won a 20-year, take-or-pay supply contract with the Northern Territory's power utility for up to 31 petajoules of gas, giving the newly consolidated Palm Valley/Dingo position a long-term anchor customer.
TELLURIAN INC. /DE/ announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
TELLURIAN INC. /DE/ shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
TELLURIAN INC. /DE/ shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
Amendment reporting that Nasdaq confirmed on February 1, 2013 that Magellan had regained compliance with the $1.00 minimum bid price rule. The notice was first received November 19, 2012, and the bid price stayed at or above $1.00 for 10 consecutive business days. This closes that deficiency matter.
TELLURIAN INC. /DE/ announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).