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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

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, the United Kingdom, and North America and has focus areas for conventional oil and gas as well as the developing methanol market in Asia.

Magellan's growth strategy is to actively seek new exploration and acquisition opportunities and to augment its proven and probable reserves and annual sales of 1.5 million barrels of oil equivalent.

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Press Releases

Magellan Appoints New Chief Financial Officer and Treasurer
2/10/2010
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
2/8/2010
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
12/29/2009
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).

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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.

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