Magellan Petroleum Corporation News

CEO Shareholder Update

Thu, 19 Apr 2012 00:00:00 GMT

Magellan Petroleum Reports Poplar Developments

Thu, 15 Mar 2012 00:00:00 GMT

First VAALCO Program Well Drilled; Core Analysis Underway. Amsden Discovery Well Continues To Flow. Assessment of Charles Formation as CO2 Enhanced Oil Recovery Candidate Initiated.

Magellan Petroleum Corporation Announces a New Pool Discovery in the East Poplar Unit and an Update for the Palm Valley Gas Field

Fri, 27 Jan 2012 00:00:00 GMT

MPC Announces Inducement Grant Under Nasdaq Rule 5635(C)(4) To New Financial Reporting Manager

Fri, 13 Jan 2012 00:00:00 GMT

PORTLAND, MAINE, January 13, 2012 � Magellan Petroleum Corporation (the �Company�) (NASDAQ: MPET) (ASX: MGN) has appointed Wesson Liversage to the position of Financial Reporting Manager.

MPC Announces Inducement Grant Under Nasdaq Rule 5635(C)(4) To New Operations Manager

Tue, 20 Dec 2011 00:00:00 GMT

PORTLAND, MAINE, December 20, 2011 � Magellan Petroleum Corporation (the �Company� or �Magellan�) (NASDAQ: MPET) (ASX: MGN) has appointed Blaine K. Spies to the position of Operations Manager.

MPC Provides Letter to Shareholders

Tue, 13 Dec 2011 00:00:00 GMT

As many of you know, I wrote a letter to the shareholders dated October 21, 2011, introducing myself as the new President and CEO of Magellan Petroleum Corporation (the �Company�) (NASDAQ: MPET) (ASX: MGN) and offering a variety of my observations and comments regarding the Company.

MPC Announces Voting Results of 2011 Annual Meeting of Shareholders

Mon, 12 Dec 2011 00:00:00 GMT

PORTLAND, Maine, December 12, 2011 -- Magellan Petroleum Corporation (the �Company�) (NASDAQ: MPET) (ASX: MGN) announced that the Company held its 2011 annual meeting of shareholders on December 8, 2011, in Denver (Broomfield), Colorado.

MPC Announces Inducement Grant Under Nasdaq Rule 5635(C)(4) And Appoints General Counsel And Secretary

Mon, 5 Dec 2011 00:00:00 GMT

PORTLAND, MAINE, December 5, 2011 � Magellan Petroleum Corporation (the �Company�) (NASDAQ: MPET) (ASX: MGN) has appointed Milam Randolph Pharo to the position of Vice President - General Counsel and Secretary.

MPC Provides Update on Poplar Infill Drilling

Tue, 25 Oct 2011 00:00:00 GMT

Magellan (NASDAQ:MPET) (ASX:MGN) has begun a new series of infill wells at Poplar Field in Roosevelt County, MT. The aim of this drilling program is to boost Magellan�s production levels while providing useful data for implementing a CO2-enhanced oil recovery pilot.

MPC Provides Letter to Shareholders

Fri, 21 Oct 2011 00:00:00 GMT

Dear Shareholders, I would like to take this opportunity to introduce myself as Magellan�s new President and CEO and to discuss some recent developments and new priorities at Magellan (NASDAQ: MPET) (ASX: MGN).

MPC Confirms Date Of 2011 Annual Shareholders Meeting

Fri, 14 Oct 2011 00:00:00 GMT

Portland, Maine, October 14, 2011 � Magellan Petroleum Company (the �Company� or �Magellan�) (NASDAQ: MPET) (ASX: MGN) announced today that it is proud to welcome you to the 2011 Annual Shareholders Meeting to be held at 10 a.m. (MT) Thursday, December 8th, 2011

MPC Announces New Office Location And Executive Transition

Wed, 28 Sep 2011 00:00:00 GMT

Portland, Maine, September 28, 2011 � Mr. J. Robinson West, Chairman of the Board of Directors of Magellan Petroleum Company (the �Company� or �Magellan�) (NASDAQ: MPET) (ASX: MGN) announced today that Magellan�s Board of Directors has voted to move its headquarters from Portland, Maine to Denver, Colorado, one of the centers of the US oil and gas industry.

Magellan Petroleum Corporation Completes The Rationalization Of Its Assets In The Amadeus Basin, Australia

Thu, 15 Sep 2011 00:00:00 GMT

Portland, Maine, September 15, 2011 � Following the farm out to Vaalco of the deep formations in the Poplar fields in Montana, USA on September 6, 2011, Magellan Petroleum Corporation (the �Company� or �Magellan�) (NASDAQ: MPET) (ASX: MGN) has entered into an agreement to complete the rationalization of its asset portfolio in the Amadeus basin, Australia. Subject to customary approvals, the Company will acquire the remaining interest in the Palm Valley and Dingo fields, will sell its interest in the Mereenie field, and the Company has also entered into a long term gas sale agreement for its Palm Valley field.

Magellan Petroleum Corporation Completes Farm Out of Bakken and Deep Rights to VAALCO Energy, and Further Consolidates Ownership of its Montana Fields

Fri, 9 Sep 2011 00:00:00 GMT

Portland, Maine, September 9, 2011 -- Following the Letter of Intent signed on July 6, 2011, Magellan Petroleum Corporation (the �Company� or �Magellan�) (NASDAQ: MPET) (ASX: MGN) and Nautilus Poplar LLC (�Nautilus�), a wholly-owned subsidiary of the Company, and VAALCO Energy (USA) Inc. (�VAALCO�) (NYSE: EGY) signed and closed a definitive Lease Purchase and Sale Agreement and Participation Agreement (the �Agreement�) on September 6, 2011.

Northern Petroleum plc provides update on Markwells Wood well

Wed, 7 Sep 2011 00:00:00 GMT

Northern Petroleum plc is pleased to announce that it has started operations for an extended well test of the Markwells Wood oil discovery in West Sussex.

Magellan Petroleum Corporation Announces Resolution of Outstanding Issues Related to Termination of Evans Shoal Transaction

Mon, 25 Jul 2011 00:00:00 GMT

Portland, Maine, July 25, 2011 -- Magellan Petroleum Corporation (the �Company� or �Magellan�) (NASDAQ: MPET) (ASX:MGN) and Santos have now finalized discussions regarding an appropriate resolution of all remaining issues relating to the non-closure of the Evans Shoal transaction.

Magellan Petroleum Corporation Begins Bakken and Deeper Formations Development Effort

Mon, 18 Jul 2011 00:00:00 GMT

Portland, Maine, July 18, 2011 -- Magellan Petroleum Corporation (the �Company� or �Magellan�) (NASDAQ: MPET) (ASX: MGN) signed a letter of intent (�LOI�) with Vaalco Energy Inc.(�VAALCO�) (NYSE: EGY) to begin work on developing the Bakken formation and deeper horizons within the East Poplar Unit and Northwest Poplar Field in Roosevelt County, Montana (�Poplar�).

Magellan Petroleum Corporation Provides Evans Shoal Transaction Update

Thu, 16 Jun 2011 00:00:00 GMT

Portland, Maine, June 16, 2011 -- Magellan Petroleum Corporation (the �Company�) (NASDAQ: MPET) (ASX: MGN) provides an update on the Evans Shoal transaction.

Magellan Petroleum Corporation Provides Evans Shoal Transaction Update

Tue, 31 May 2011 00:00:00 GMT

Portland, Maine, May 31, 2011 -- Magellan Petroleum Corporation (the �Company�) (NASDAQ: MPET) (ASX: MGN) provides an update on the Evans Shoal transaction.

Magellan Petroleum Corporation Announces Third Quarter Results

Mon, 16 May 2011 00:00:00 GMT

Portland, Maine, May 16, 2011 -- Magellan Petroleum Corporation (the �Company�) (NASDAQ: MPET) (ASX: MGN) reported a consolidated net loss of $84,275 ($.00 per share) on total revenue of $4.9 million for its fiscal third quarter ended March 31, 2011, as compared to a net income of $1.2 million ($.02 per share) on total revenues of $5.1 million in the prior year. Working capital was $24.1 million at March 31, 2011, a decrease of $8.3 million from the previous quarter, which includes the additional A$10million deposit for the acquisition of a 40% interest in the Evans Shoal gas field, offshore Australia.

Magellan Petroleum Corporation Provides Operations Update

Mon, 16 May 2011 00:00:00 GMT

Portland, Maine, May 16, 2011 -- Magellan Petroleum Corporation (the �Company�) (NASDAQ: MPET) (ASX: MGN) provided updates to its current operations and commercial transactions.

Magellan Petroleum Corporation Enters Into an Investment Agreement With YEP in Relation to Evans Shoal

Fri, 18 Feb 2011 00:00:00 GMT

Portland, Maine, February 17, 2011 -- Magellan Petroleum Corporation (the �Company�) (NASDAQ: MPET) (ASX: MGN) reports that the Company and its strategic investor, Young Energy Prize, S.A. (�YEP�), executed an Investment Agreement on February 11, 2011. The Investment Agreement sets forth the material terms of YEP�s commitment to fund approximately A$85.45 million to complete Magellan Petroleum Australia Limited�s (�MPAL�), a wholly owned subsidiary of the Company, acquisition of Santos Offshore Pty Ltd.�s (�Santos�) 40% interest in the Evans Shoal field. YEP is expected to use part of the funds to reimburse MPAL for its A$10 million additional deposit made towards the purchase price of the Evans Shoal interest on February 14, 2011 pursuant to the Assets Sale Deed, as amended by the Deed of Variation. The Investment Agreement also addresses some of the main terms of the potential future development of the Evans Shoal field between the Company and YEP.

Magellan Petroleum Corporation Announces Second Quarter Results

Tue, 15 Feb 2011 00:00:00 GMT

Portland, Maine, February 14, 2011 -- Magellan Petroleum Corporation (the �Company�) (NASDAQ: MPET) (ASX: MGN) 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. Working capital was $32.4 million at December 31, 2010, a decrease of $4.1 million from the previous quarter.

Evans Shoal Transaction Process Update

Tue, 1 Feb 2011 00:00:00 GMT

PORTLAND, Maine February 1, 2011 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) Magellan Petroleum Australia Ltd (�MPAL�), a wholly-owned subsidiary of Magellan Petroleum Corporation (�Magellan�, �Company�), and Santos Offshore Pty Ltd (�Santos�) have agreed to extend the closing date for the sale of Santos� 40% stake in the Evans Shoal gas field located offshore Northern Territory, Australia to MPAL. This extension will allow us to continue to work to obtain the customary approvals to complete the transaction as contemplated by the Assets Sale Deed dated March 25, 2010 (the �Evans Shoal Agreement�, �Transaction�).

Oil in Markwells Wood-1 Well Confirmed

Thu, 6 Jan 2011 00:00:00 GMT

Northern Petroleum announces that assessment of the logs has confirmed that the entire Great Oolite drilled reservoir sequence in Markwells Wood-1 is oil bearing above the Horndean Field oil water contact of 4446 feet sub-sea level (TVD SS), meeting the primary objective.

Magellan Petroleum Corporation Announces Young Energy Prize S.A. Commitment and Extension of Evans Shoal Agreement

Fri, 24 Dec 2010 00:00:00 GMT

Portland, Maine, December 24, 2010 -- Magellan Petroleum Corporation (the �Company�) (NASDAQ: MPET) (ASX: MGN) has received and accepted a legally binding commitment from its largest shareholder, Young Energy Prize s.a. (YEP), to provide the necessary funds required for MPET�s wholly-owned Australian subsidiary to close out the acquisition from Santos Offshore Pty Ltd (Santos) of a 40% ownership interest in the Evans Shoal natural gas field in the Bonaparte Basin offshore Northern Territory Australia.

Live Oil in Markwells Wood-1 Core - Interim Statement

Thu, 23 Dec 2010 00:00:00 GMT

PR Newswire (UK Disclosure): Northern Petroleum announces that live oil has been encountered in the Markwells Wood-1 well in the primary reservoir target. A core was taken and the well drilled to 4584 feet sub-sea level, and various logging tools are being run to aid the assessment of results. There will be no further comment until log evaluation is complete.

Magellan Petroleum Corporation Announces Results of 2010 Annual Meeting of Shareholders

Fri, 10 Dec 2010 00:00:00 GMT

PORTLAND, Maine, December 10, 2010 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) summarizes the results of its 2010 Annual Meeting of Shareholders held on December 8, 2010, in Orlando, Florida.

Magellan Petroleum Corporation Announces First Quarter Results

Fri, 12 Nov 2010 00:00:00 GMT

Portland, Maine, November 12, 2010 -- Magellan Petroleum Corporation (the �Company�) (NASDAQ: MPET) (ASX: MGN) reported a consolidated net loss of $3.4 million ($.06 per share) on gross revenues of $3.7 million for its fiscal first quarter ended September 30, 2010, as compared to a net loss of $1.3million ($.03 per share) on revenues of $8.9 million in last year�s first quarter. Working capital was $36.5 million at September 30, 2010, an increase of $.8 million from June 30, 2010 (fiscal year end).

Magellan Petroleum Corporation Announces the 2010 Annual Shareholders Meeting

Thu, 14 Oct 2010 00:00:00 GMT

For the Year Ended June 30, 2010

Magellan Petroleum Corporation Proven and Probable Reserve Report and Discussion

Tue, 28 Sep 2010 00:00:00 GMT

Portland, Maine, September 28, 2010 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) (the �Company�) reported total proved oil and natural gas reserves as of June 30, 2010 were 9.7 million barrels of oil equivalent (�MMBOE�), consisting of 9.48 million barrels (�MMbbls�) of crude oil and 1.53 billion cubic feet (�Bcf) (.26 MMBOE) of natural gas. Taking into account the sale of the Cooper Basin assets and the acquisition of the Poplar Fields, the Company�s reserves increased from the year-end 2009 reported estimates of 1.6 MMBOE to 9.7MMBOE at year end 2010.

Magellan Petroleum Corporation Earnings Summary and Strategic Discussion

Fri, 3 Sep 2010 00:00:00 GMT

Portland, Maine, September 3, 2010 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) (the �Company�) reported a consolidated net loss of $1.5 million or $0.03 per share on gross revenues of $28.5 million for its fiscal year ended June 30, 2010, as compared to net income of $665,000 or $0.02 per share, on revenues of $28.2 million in fiscal 2009.

Magellan Petroleum Corporation Provides Operations Update

Tue, 10 Aug 2010 00:00:00 GMT

PORTLAND, Maine, August 10th 2010 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) provided updates to its current operations and certain commercial transactions.

Magellan Petroleum Corporation Enters into Second Private Placement Agreements with its Strategic Investor

Mon, 9 Aug 2010 00:00:00 GMT

PORTLAND, Maine, August 9, 2010 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) (�Magellan� or the �Company�) has executed a Securities Purchase Agreement and an Investor�s Agreement to finalize the terms of its previously announced second Private Investment in a Public Equity (�PIPE�) with its largest stockholder, Young Energy Prize S.A. (�YEP�), a Luxembourg corporation.

Magellan Announces Plan for Transition of Board Leadership

Wed, 4 Aug 2010 00:00:00 GMT

PORTLAND, Me., August 4, 2010 � Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) (the �Company� or �Magellan�) announced plans for a transition of leadership of the Company�s Board of Directors agreed upon by the members of the Company�s Board.

Magellan Appoints New Chief Financial Officer and Treasurer

Tue, 3 Aug 2010 00:00:00 GMT

PORTLAND, Me., August 3, 2010 � Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) (the �Company� or �Magellan�) announced the appointment of Antoine Lafargue as its new Chief Financial Officer (CFO) and Treasurer. Susan M. Filipos, who has been serving as the Company�s Interim Chief Financial Officer since April 30, 2010, will continue in her duties as the Company�s Controller.

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

Wed, 9 Jun 2010 00:00:00 GMT

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

Tue, 18 May 2010 00:00:00 GMT

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

Wed, 12 May 2010 00:00:00 GMT

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).

Magellan Presents Company in NYC and At Upcoming OGIS London Event

Fri, 7 May 2010 00:00:00 GMT

Portland, Maine, May 7th, 2010 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) Representatives of Magellan Petroleum, including William H. Hastings, President and CEO, Magellan Petroleum completed initial presentations in New York City on 5th and 6th May reviewing the Company, its legacy and new assets, certain valuation assumptions, and suggested equity financing options.

MPET reported as Bullish and Efficient

Fri, 16 Apr 2010 00:00:00 GMT

Portland, Maine, April 16, 2010 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) was reported as being in the top 5 companies in the Oil and Gas E&P industry with the Smallest Short Interest and with the Highest Level of Efficiency.

Magellan Petroleum Corporation Announces Agreement to Acquire an Interest in the Evans Shoal Natural Gas Field, Offshore Australia

Thu, 25 Mar 2010 00:00:00 GMT

Portland, Maine, March 25, 2010 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) announced the execution of an agreement by its wholly-owned subsidiary, Magellan Petroleum Australia Limited (MPAL), with Santos Limited (Santos) to purchase Santos� 40% interest in the Evans Shoal natural gas field (NT/P48), located in the Bonaparte Basin offshore Northern Australia.

Magellan Petroleum Corporation Announces the Grant of a New Exploration Permit, Offshore Northern Territory, Australia and Updates UK Drilling Timing

Wed, 24 Mar 2010 00:00:00 GMT

Portland, Maine, March 24, 2010 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) (�Magellan� or the �Company�) announces the award of an offshore exploration permit, Northern Territory, Australia and updates the timing of two exploration wells to be drilled onshore in the United Kingdom.

Magellan Petroleum Corporation Announces Election of J. Robinson West as New Director

Fri, 12 Mar 2010 00:00:00 GMT

Portland, Maine, March 12, 2010 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) announced that it has, effective March 10, 2010, elected J. Robinson West to fill a newly created vacancy on the Company�s Board of Directors, which has been increased in size from seven (7) to eight (8) directorships by amendment of the Company�s Bylaws. Mr. West will serve as a Class I director until the Company�s 2010 annual meeting of shareholders, when he is expected to be nominated for shareholder approval to serve a full three-year term on the Board.

Magellan Petroleum Outlines Montana Field Consolidation, Changes to Existing Warrant Agreement, and Australian Gas Sales Update

Thu, 11 Mar 2010 00:00:00 GMT

Portland, Maine, March 11, 2010 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) (�Magellan� or the �Company�) announced the completion of a transaction in North America, the amendment of a warrant agreement, and an update on gas sales flow updates in Australia.

Magellan Appoints New Chief Financial Officer and Treasurer

Wed, 10 Feb 2010 00:00:00 GMT

PORTLAND, Me., February 10, 2010 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) (the �Company� or �Magellan�) announced the appointment of William E. Begley, Jr. as its new Chief Financial Officer (CFO) and Treasurer. Daniel J. Samela has resigned as CFO, Chief Accounting Officer and Treasurer, but will remain with the Company and continue to serve as Vice President � New Ventures.

Magellan Petroleum Corporation Announces Second Quarter Results

Mon, 8 Feb 2010 00:00:00 GMT

Portland, Maine, February 8, 2010 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) reported consolidated net income of $1.6 million ($.03 per share) on gross revenues of $9.7 million for its fiscal second quarter ended December 31, 2009, as compared to a net loss of $525,000 (($.01) per share) on revenues of $5.2 million in last year�s second quarter. Working capital was $52.6 million at December 31, 2009, an increase of $21.2 million over the same period last year.

Magellan Petroleum Coportaion updates Mereenie gas sales status

Tue, 29 Dec 2009 00:00:00 GMT

Portland, Maine, December 29, 2009 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) Magellan continues to sell natural gas volumes to Power and Water Corporation (PWC) under the �reasonable endeavors� provision of the higher-priced Mereenie Sales Agreement 4 (MSA4).

Magellan Petroleum ranks #526 among the top 900 companies with stocks that have more than doubled in price in 2009 (year to date).

Thu, 17 Dec 2009 00:00:00 GMT

Magellan Petroleum Corporation Announces Update on Completion of the Cooper Basin Asset Sale Process

Fri, 4 Dec 2009 00:00:00 GMT

Portland, Maine, December 4, 2009 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) announced the pending sale of all its assets located in the Cooper Basin, Australia, subject to closing of final sale agreements.

Magellan Petroleum announces the 2009 Annual Shareholders meeting, Wednesday December 9th, 2009

Tue, 17 Nov 2009 00:00:00 GMT

Portland, ME November17, 2009 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) is proud to welcome you to the 2009 Annual Shareholders Meeting to be held at 1 p.m. Wednesday, December 9th, 2009 at the Hyatt Regency Orlando International Airport.

Magellan Petroleum Corporation Announces First Quarter Results

Wed, 11 Nov 2009 00:00:00 GMT

Portland, Maine, November 11, 2009 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) reported a consolidated net loss of $1.3 million (loss of $0.03 per share) on gross revenues of $8.9 million for its fiscal first quarter ended September 30, 2009, as compared to net income of $1.5 million ($0.04 per share) on revenues of $10.4 million in last year�s first quarter.

Magellan Petroleum Announces Production and Exploration Activities for the Quarter Ended September 30, 2009

Tue, 10 Nov 2009 00:00:00 GMT

Portland, Maine. November 10, 2009 � Magellan Petroleum Corporation (NCM: MPET; ASX: MGN) (�Magellan�) announced its production and exploration activities for the quarter ended September 30, 2009.

Magellan Petroleum Corporation Outlines Montana Oil Acquisition and Commercial Update

Fri, 16 Oct 2009 00:00:00 GMT

Portland, Maine, October 16, 2009 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) has completed a Montana oil acquisition and provides commercial updates on Australian and European activities.

Magellan Petroleum Corporation Announces Fiscal 2009 Results

Fri, 28 Aug 2009 00:00:00 GMT

Portland, Maine, August 28, 2009 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) reported consolidated net income of $665,000 ($0.02 per share) on gross revenues of $28.2 million for its fiscal year ended June 30, 2009, as compared to a net loss of $8.9 million (loss of $0.21 per share) on revenues of $40.9 million in fiscal 2008.

Magellan Petroleum Announces Production and Exploration Activities for the Quarter Ended June 30, 2009

Thu, 6 Aug 2009 00:00:00 GMT

Portland, Maine., August 6, 2009 � Magellan Petroleum Corporation (NCM: MPET; ASX: MGN) (�Magellan�) announced its production and exploration activities for the quarter ended June 30, 2009.

Magellan Announces Heads of Agreement and Exclusivity Agreement

Mon, 13 Jul 2009 00:00:00 GMT

PORTLAND, Maine, July 13, 2009 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) announced that its wholly owned subsidiary, Magellan Petroleum Australia Limited (�MPAL�), has signed a Heads of Agreement and Exclusivity Agreement with a major methanol producer to study the feasibility of building and operating a methanol plant in the Darwin area, Northern Territory, Australia.

Magellan Closes $10 Million Strategic Investment

Thu, 9 Jul 2009 00:00:00 GMT

PORTLAND, Maine, July 9, 2009 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) today announced that it has completed the previously announced equity investment in the Company by the Company�s strategic investor, Young Energy Prize S.A. (�YEP�), through the issuance to YEP of 8,695,652 shares of the Company�s common stock, $0.01 par value per share (the �Common Stock�) and warrants to acquire an additional 4,347,826 shares of Common Stock (the �Warrants�). The Company received gross proceeds of $10 million, which will be used for working capital and general corporate purposes.

Magellan Petroleum Corporation Announces Voting Results of Annual Meeting of Shareholders

Thu, 28 May 2009 00:00:00 GMT

Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) announced that its shareholders had voted to approve each of the six items of business at the Company�s annual meeting of shareholders held yesterday in Raleigh-Durham, North Carolina.

Magellan Petroleum Corporation Announces Third Quarter Results

Mon, 11 May 2009 00:00:00 GMT

Portland, Maine, May 11, 2009 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) reported consolidated net income of $391,000 ($.01 per share) on gross revenues of $5.5 million in its third fiscal quarter ended March 31, 2009, as compared to net income of $936,000 ($.02 per share) on revenues of $9.5 million in last year�s third quarter.

Magellan Announces Production and Exploration Activities for the Quarter Ended March 31, 2009

Thu, 30 Apr 2009 00:00:00 GMT

Portland , Maine., April 30, 2009 � Magellan Petroleum Corporation (NCM: MPET; ASX: MGN) (�Magellan�) announced its production and exploration activities for the quarter ended March 31, 2009.

Magellan Offered UK Acreage Out of Round

Thu, 30 Apr 2009 00:00:00 GMT

Portland, Maine, April 30, 2009 � Magellan Petroleum Corporation (NCM: MPET; ASX: MGN) (�Magellan�) is pleased to announce that it has been offered Block SU60 in an Out of Round offer which was announced on December 4, 2008 and closed on March 9, 2009. The License will be PEDL 256 and contains a mapped extension of the Havant exploration prospect from PEDL 155. Magellan will hold a 40 percent interest in both PEDL 155 and PEDL 256.

Magellan Announces Date of Annual Meeting; Commences Mailing of Proxy Materials

Fri, 17 Apr 2009 00:00:00 GMT

Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) (�Magellan� or the �Company�) announced that the Company�s 2008 Annual Meeting of Shareholders (the �Annual Meeting�) will be held on May 27, 2009, at 1:00 P.M., local time at the Raleigh-Durham Airport Courtyard by Marriott Hotel, 2001 Hospitality Court, Morrisville, NC 27560 (telephone: 919-467-9444)

President's Message

Fri, 17 Apr 2009 00:00:00 GMT

The Company reports strong operational results, offset by tax settlement disbursements. Going forward, significant change is expected in operations, ownership, governance, and sales.

Magellan Announces Amended Terms of Strategic Investment

Tue, 7 Apr 2009 00:00:00 GMT

Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) (the �Company� or �Magellan�) announced that it has agreed to amend the securities purchase agreement with Young Energy Prize S.A., a Luxembourg corporation (�YEP�), by which YEP will make a strategic $10 million equity investment in the Company.

Magellan Announces Shareholder Settlement

Mon, 6 Apr 2009 00:00:00 GMT

Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) (�Magellan� or the �Company�) announced a full and complete Settlement Agreement with ANS Investments LLC and Jonah M. Meer in advance of the Company�s 2008 Annual Meeting of Shareholders (the �Annual Meeting�).

Magellan Petroleum Announces Planning Permission Granted to Drill Havant-1 Well

Fri, 13 Mar 2009 00:00:00 GMT

Magellan Petroleum Corporation (NCM: MPET; ASX: MGN) (�Magellan�) is pleased to advise that the Hampshire County Council has granted planning approval to drill the Havant-1 exploration well in the Hampshire sector of the Weald Basin.

MAGELLAN PETROLEUM CORPORATION ANNOUNCES SECOND QUARTER RESULTS

Mon, 23 Feb 2009 00:00:00 GMT

Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) reported a consolidated net loss of $525,000 ($.01 per share) on gross revenues of $5.2 million in its fiscal second quarter ended December 31, 2008, as compared to a net loss of $10.8 million ($.26 per share) on revenues of $10.4 million in last year�s second quarter.

MAGELLAN PETROLEUM CORPORATION ANNOUNCES $10 MILLION EQUITY INVESTMENT BY STRATEGIC INVESTOR

Tue, 10 Feb 2009 00:00:00 GMT

Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) announced that the Company has entered into a definitive securities purchase agreement with Young Energy Prize S.A. (�YEP�), a Luxembourg corporation, providing for a $10 million equity investment in the Company.

Magellan Petroleum Announces Production and Exploration Activities for the Quarter Ended December 31, 2008

Fri, 30 Jan 2009 00:00:00 GMT

Hartford, Conn., January 30, 2009 � Magellan Petroleum Corporation (NCM: MPET; ASX: MGN) (�Magellan�) announced its production and exploration activities for the quarter ended December 31, 2008.

MAGELLAN APPOINTS NEW PRESIDENT AND CHIEF EXECUTIVE OFFICER AND ANNOUNCES BOARD CHANGES

Mon, 15 Dec 2008 00:00:00 GMT

Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) (the �Company� or �Magellan�) announced the appointment of William H. Hastings as its new President and Chief Executive Officer (CEO) and related changes to its Board of Directors.

First Quarter Earnings - 11/18/08

Tue, 18 Nov 2008 00:00:00 GMT

Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) reported consolidated net income of $1.5 million, or $.04 per share on gross revenues of $10.4 million in its fiscal first quarter ended September 30, 2008, as compared to a net loss of $474,000, or $.01 per share on revenues of $9.3 million in last year�s first quarter.

Magellan Petroleum Announces Production and Exploration Activities for the Quarter Ended September 30, 2008

Mon, 27 Oct 2008 00:00:00 GMT

Hartford, Conn., October 27, 2008 � Magellan Petroleum Corporation (NCM: MPET; ASX: MGN) (�Magellan�) announced its production and exploration activities for the quarter ended September 30, 2008.

Magellan Files Amended Form 10-Qs with the SEC and Replies to ANS Investments LLC

Fri, 24 Oct 2008 00:00:00 GMT

Magellan Petroleum Corporation NASDAQ: MPET) (ASX: MGN) reported that yesterday the Company filed with the Securities and Exchange Commission (�SEC�) amended versions of its quarterly reports for the first three fiscal quarters of its fiscal year ended June 30, 2008.

Production and Exploration Activities for the Quarter Ended June 30, 2008

Mon, 13 Oct 2008 00:00:00 GMT

Magellan Petroleum Corporation Announces Fiscal 2008 Results

Mon, 8 Sep 2008 00:00:00 GMT

HARTFORD, Conn., September 25, 2008 -- Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) reported consolidated results today for the fiscal year ended June 30, 2008. Results were mixed and included a 33% increase in gross revenues to $40.9 million.

Magellan to be offered 7 Exploration Licenses Under 13th UK Onshore Licensing Round

Tue, 29 Jul 2008 00:00:00 GMT

Magellan Petroleum Corporation MPET reported that the Company's wholly-owned subsidiary, Magellan Petroleum Australia Limited (MPAL) announced that it has been successful in its bidding for Petroleum Exploration and Development Licenses (PEDLs) under the 13th UK Landward Licensing Round.

Magellan Petroleum Corporation Announces Third Quarter Earnings

Fri, 6 Jun 2008 00:00:00 GMT

Magellan Petroleum Corporation MPET reported consolidated net income of $1.7 million ($.04 per share) on gross revenues of $9.5 million in its fiscal third quarter ended March 31, 2008, as compared to net income of $286,000 ($.01 per share) on revenues of $6.8 million in last year's third quarter.

Markwells Wood 1

Thu, 15 May 2008 00:00:00 GMT

Planning Permission Granted to Drill Extension of an Oil Field in the Weald Basin, Onshore Southern England

Production and Exploration Activities for the Quarter Ended March 31, 2008

Tue, 29 Apr 2008 00:00:00 GMT

Magellan Petroleum Corporation (NCM: MPET; ASX: MGN) (�Magellan�) announced its production and exploration activities for the quarter ended March 31, 2008. OIL & GAS SALES

MUTHERO 7 & 4- TUNKALILLA 1 DRILLING REPORT

Thu, 14 Feb 2008 00:00:00 GMT

Magellan Petroleum Corporation (NCM: MPET; ASX: MGN) (�Magellan�) announced that its 100% owned subsidiary, Magellan Petroleum Australia Limited (�MPAL�) advises the following drilling report.

Magellan Announces Tax Settlement with Australian Taxation Office

Thu, 7 Feb 2008 00:00:00 GMT

Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) reported that the Company�s wholly-owned subsidiary, Magellan Petroleum Australia Limited (�MPAL�) has reached an agreement to settle an ongoing dispute between MPAL and the Australian Taxation Office (�ATO�) concerning the matters discussed below for an aggregate settlement payment by MPAL to the ATO of (Aus.) $14.6 million (U.S. $13.1 million).

Production and Exploration Activities for the Quarter Ended December 31, 2007

Mon, 31 Dec 2007 00:00:00 GMT

Magellan Petroleum Corporation (NCM: MPET; ASX: MGN) (�Magellan�)announced its production and exploration activities for thequarter ended December 31, 2007.

Magellan Petroleum�s Shareholders Approve Board Discretionary

Wed, 12 Dec 2007 00:00:00 GMT

Magellan Petroleum Corporation (Nasdaq: MPET; ASX: MGN) (the �Company�) announced that the Company held its 2007 annual meeting of shareholders on December 6, 2007, in Hartford, Connecticut.

September 2007 Activity Report

Tue, 30 Oct 2007 00:00:00 GMT

Magellan Petroleum Corporation (NCM: MPET; ASX: MGN) (�Magellan�) announced its production and exploration activities for the quarter ended September 30, 2007.

Drilling Report � Patron 1 PEL 93 � Cooper Basin SA

Sat, 27 Oct 2007 00:00:00 GMT

Magellan Petroleum Corporation (NCM: MPET; ASX: MGN) (�Magellan�)announced that its 100% owned subsidiary, MagellanPetroleum Australia Limited (�MPAL�) advises the following drilling report.

Magellan Files Preliminary Proxy Statement with the SEC

Fri, 19 Oct 2007 00:00:00 GMT

Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) reported that the Company has today filed its preliminary proxy statement with the U.S. Securities and Exchange Commission related to the Company�s 2007

Maxwell 5 Drilling Report

Fri, 19 Oct 2007 00:00:00 GMT

Drilling Report � Burundi 1 PL 33 � Cooper Basin QLD

Wed, 10 Oct 2007 00:00:00 GMT

2007 Year End Results

Tue, 9 Oct 2007 00:00:00 GMT

Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) reported consolidated netincome of $447,000 ($.01 per share) on gross revenues of $30.7 million for itsfiscal year ended June 30, 2007 compared to net income of $749,000 ($.03 pershare) on revenues of $26.6 million in fiscal 2006.

Burundi 1 Drilling Report

Tue, 9 Oct 2007 00:00:00 GMT

Magellan Petroleum Corporation (NCM: MPET; ASX: MGN) (�Magellan�)announced that its 100% owned subsidiary, Magellan PetroleumAustralia Limited (�MPAL�)advises the following drilling report.

ATO Position Papers

Wed, 5 Sep 2007 00:00:00 GMT

Magellan Petroleum Corporation (NCM: MPET; ASX: MGN) (�Magellan�) announced that its 100% owned subsidiary, Magellan Petroleum Australia Limited (�MPAL�), has received tax position papers from The Australian Tax Authority (�ATO�).

First Quarter Earnings- 09/03/2007

Mon, 3 Sep 2007 00:00:00 GMT

Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) reported consolidated net incomeof $399,000 ($.01 per share) on gross revenues of $9.3 million in its fiscal firstquarter ended September 30, 2007, as compared to net income of $1,030,000 ($.02per share) on revenues of $6.8 million in last year�s first quarter.

RAINBIRD PLUG AND ABANDONMENT

Mon, 20 Aug 2007 00:00:00 GMT

Rainbird Drilling Report

Thu, 16 Aug 2007 00:00:00 GMT

Magellan Petroleum Corporation (NCM: MPET; ASX: MGN) (�Magellan�)announced that its 100% owned subsidiary, MagellanPetroleum Australia Limited (�MPAL�) advises the following drilling report.

FARMIN OF PEL 93 - RAINBIRD SPUDS

Tue, 7 Aug 2007 00:00:00 GMT

JUNE 2007 ACTIVITY REPORT

Fri, 27 Jul 2007 00:00:00 GMT

Magellan Petroleum Corporation (NCM: MPET; ASX: MGN) (�Magellan�) announced its production and exploration activities for the quarter ended June 30, 2007.

MARCH 2007 FINANCIAL RESULTS

Tue, 15 May 2007 00:00:00 GMT

Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) reported consolidated net income of $286,000 ($.01 per share) on gross revenues of $6.8 million in its fiscal third quarter ended March 31, 2007, as compared to net income of $700,000 ($.03 per share) on revenues of $7.4 million in last year�s third quarter. Exploration and dry hole costs for the 2007 quarter increased 337% over the 2006 quarter, due mostly to increased drilling costs of $1.0 million related to the Cooper Basin.

MARCH 2007 ACTIVITY REPORT

Mon, 30 Apr 2007 00:00:00 GMT

Magellan Petroleum Corporation (NCM: MPET; ASX: MGN) (�Magellan�) announced its production and exploration activities for the quarter ended March 31, 2007.

THUNGO 11 & FUTURE DRILLING PLANS

Wed, 4 Apr 2007 00:00:00 GMT

Magellan Petroleum Corporation (NCM: MPET; ASX: MGN) (Magellan) announced that its 100% owned subsidiary, Magellan Petroleum Australia Limited (MPAL) advises the following drilling report.

KAMEL 1 & THUNGO 11 DRILLING REPORT

Fri, 30 Mar 2007 00:00:00 GMT

MUTHERO 6 & BURRUM 2 DRILLING REPORT

Wed, 14 Mar 2007 00:00:00 GMT

MUTHERO 5, 6 & TELOWE 1 & BURRUM 1 DRILLING REPORT

Wed, 7 Mar 2007 00:00:00 GMT

MUTHERO 5 & TELOWE 1 DRILLING REPORT

Wed, 28 Feb 2007 00:00:00 GMT

MUTHERO 4 & TUNKALILLA 1 DRILLING REPORT

Wed, 21 Feb 2007 00:00:00 GMT

Second Quarter Earnings 12/31/07

Tue, 13 Feb 2007 00:00:00 GMT

Magellan Petroleum Corporation (NASDAQ: MPET) (ASX: MGN) reported a consolidated netloss of $9.7 million ($.23 per share) on gross revenues of $10.4 million in itsfiscal second quarter ended December 31, 2007, as compared to a net loss of $8,000($.00 per share) on revenues of $8.4 million in last year�s secondquarter.

THUNGO 13 FEB 7 2007 DRILLING REPORT

Wed, 7 Feb 2007 00:00:00 GMT

THUNGO 13 JAN 31 2007 DRILLING REPORT

Wed, 31 Jan 2007 00:00:00 GMT

DECEMBER 2006 ACTIVITY REPORT

Mon, 29 Jan 2007 00:00:00 GMT

Magellan Petroleum Corporation (NCM: MPET; ASX: MGN) (�Magellan�) announced its production and exploration activities for the quarter ended December 31, 2006.