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Condensed Consolidated Statements of Comprehensive Income (USD $)
3 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME  
Net (Loss) income before non-controlling interest$ 924,598$ (3,411,234)
Foreign currency translation adjustments(1,241,903)6,178,379
Unrealized loss on derivative contract, net of deferred tax00
Unrealized holding gains (losses) net of deferred tax(33,772)0
Total comprehensive income(351,077)2,767,145
Less non-controlling interest (Income) loss15,40135,113
Add back unrealized loss on derivative contract attributable to00
Comprehensive income attributable to Magellan Petroleum Corporation$ (335,676)$ 2,802,258