Penny Stock News

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Wednesday, September 21, 2005

MPET

MPET Magellan Petroleum Corporation (MPC) is engaged in the sale of oil and gas, as well as in the exploration for, and development of, oil and gas reserves. As of June 30, 2004, MPC's principal asset was a 55.06% equity interest in its subsidiary, Magellan Petroleum Australia Limited (MPAL).

If you take a look at Magellan Petroleum's chart. You will see a significant increase in share value. The companies stock has fallen back a bit from its peak, and may begin to climb again.

This is not investment advice.

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