Magellan Health Services (MGLN) - PennyOmega.com Stock to Watch
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Magellan Petroleum Corporation (NASDAQ:MPET) reported a consolidated net loss of $2.1 million ($.04 per share) on total revenue of $4.5 million for its fiscal second quarter ended December 31, 2010, as compared to a net loss of $3.4 million ($.06 per share) on gross revenues of $3.7 million in the immediately prior quarter.
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Magellan Petroleum Corp. (MPET) Makes Board Changes, Announces New President and CEO
Megellan Petroleum announced that it has appointed William H. Hastings as its new President and CEO. Daniel J. Samela has resigned as Acting President and CEO and will assum the roles of CFO, Chief Accounting Officer and Treasurer. The company also announced changes to its Board of Directors.