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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 Petroleum Corporation Announces Election of J. Robinson West as New Director
3/12/2010
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
3/11/2010
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
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.

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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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