April 7, 2015 / 1:47 PM / 3 years ago

BUZZ-Magellan Petroleum Corp: Carbon dioxide-enhanced oil recovery successful

** Oil and gas company’s shares up 8.7 pct at 37 cents

** Says carbon dioxide-enhanced oil recovery pilot project at its Poplar wells successful

** CEO Thomas Wilson says success substantially derisks technical feasibility of the project

** Up to Monday’s close, stock had fallen 79 pct in the past 12 months

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