MPAL | Site Map | Contact

Magellan Petroleum is committed to exploring global oil and energy resources with an emphasis on providing for the future. › Learn More

Strategic partnerships allow Magellan Petroleum to discover new resources and develop innovative technologies. › Learn More

Events

South East Asia Australia Offshore Conference Presentation by CEO William H. Hastings
9/22/2010

View All | Subscribe

In Search of Tomorrow's Energy

Magellan Petroleum Corporation, through its wholly owned subsidiary, Magellan Petroleum Australia Limited, and its majority controlling interest in Nautilus Poplar LLC, is engaged in the sale of oil and gas and the exploration for and development of oil and gas reserves worldwide. The Company engages in oil and gas exploration and production in Australia, North America, and the United Kingdom.

The Company has a differentiated business model guided by personnel with over 100 man-years of large oil company experience.

It works to capture discovered, but “under-exploited” natural gas and oil reserves. It adds value through unconventional commercial solutions (Methanol) and in tertiary reservoir plays centered around CO2 flooding. The Company pulls together large Company partners for development endeavors; we work at the moment with Petronas, Shell, and Osaka Gas.

Learn More...

Press Releases

Australian Foreign Investment Review Board (FIRB) Indicates "No Objection" to Magellan's Acquisition of Santo's 40% Interest in the Evans Shoal Natural Gas Field, Offshore Australia
6/9/2010
Portland, Maine, June 9, 2010 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) (“Magellan” or the “Company”) announces that Australia’s Foreign Investment Review Board (FIRB) has indicated they have “no objection” to Magellan’s acquisition of Santos Limited’s (Santos) 40% interest in the Evans Shoal natural gas field (NT/P48). The Board examines proposals by foreign interests to undertake direct investment in Australia and makes recommendations to the Government on whether those proposals are suitable for approval under the Government's policy.

Magellan Petroleum Corporation Announces Additional $15.6 Million Investment by its Strategic Investor
5/18/2010
Portland, Maine, May 12, 2010 -- Magellan Petroleum Corporation (the “Company”) (NASDAQ: MPET) (ASX: MGN) announced that the Company has signed a term sheet (the “Term Sheet”) with Young Energy Prize S.A. (“YEP”), a Luxembourg corporation, embodying an agreement in principle for an additional equity investment in the Company of $15.6 million.

Magellan Petroleum Corporation Announces Third Quarter Results
5/12/2010
Portland, Maine, May 12, 2010 -- Magellan Petroleum Corporation (the “Company”) (NASDAQ: MPET) (ASX: MGN) reported consolidated net income of $1.2 million ($.02 per share) on gross revenues of $5.1 million for its fiscal third quarter ended March 31, 2010, as compared to net income of $391,000 ($.01 per share) on revenues of $5.5 million in last year’s third quarter. Working capital was $39.8 million at March 31, 2010, an increase of $2.6 million from June 30, 2009 (fiscal year end).

View Archive | Subscribe

Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We may use terms on this web site, such as recoverable barrels of oil, oil-in-place, recoverable oil reserves and probable and possible reserves, that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our SEC filings on EDGAR. The Company's Form 10-K can be obtained by writing to the Company at 7 Custom House St., 3rd Floor, Portland, ME 04101. You can also obtain this form from the SEC by calling 1-800-SEC-0300.

The information furnished in this Website by the Company may not be the latest and most current data available. Although the Company will use its best efforts to keep this information current, it does not undertake any duty to continuously update all of the information contained herein.