Magellan Petroleum Corp.

Magellan Petroleum today announced plans for two exploration wells to be drilled during 2014 within the Company's license areas in the UK. The Company's partner Angus Energy has announced plans to spud in July 2014 an exploration well on the Horse Hill prospect located within the Petroleum Exploration and Development License 137 area. Angus will [...]

Magellan Petroleum announced today that on April 15, 2014, it received the final AUD $5 million payment contemplated by the Share Sale and Purchase Deed entered into with Central Petroleum for the sale of the Company's onshore Australia assets. Previously, the Company announced the completion of the Transaction on March 31, 2014.

Magellan Petroleum announced today that the Company will be presenting at IPAA's OGIS New York investor conference to be held at the Sheraton NY Times Square Hotel in New York City on April 7-9, 2014. Antoine Lafargue, Chief Financial Officer, is scheduled to present at approximately 2:50 PM EDT on Tuesday, April 8. Presentation materials will be [...]

Magellan Petroleum today announced that on March 31, the Company completed the transaction contemplated by the Share Sale and Purchase Deed entered into with Central Petroleum, a Brisbane, Australia based junior exploration and production company that operates one of the largest holdings of prospective onshore acreage in Australia. The Company and [...]

Magellan Petroleum announced today that on March 25, 2014, the Company began injecting CO2 into the Charles formation at Poplar Dome through the EPU 202-IW well, marking the beginning of the injection phase of the Company's CO2-enhanced oil recovery pilot program. As previously announced by the Company, the CO2 volumes necessary to conduct the [...]

Magellan Petroleum announced today that the Company has entered into a definitive agreement to sell the Palm Valley and Dingo gas fields to Central Petroleum Limited through the sale of its wholly owned subsidiary Magellan Petroleum (N.T.) Pty. Ltd. In exchange, Central will pay to Magellan a total of AUD $35.0 million in cash and Central stock. In [...]

Magellan announced today that the Company will be presenting at Sidoti & Company's Semi-Annual Microcap Conference to be held at the Grand Hyatt Hotel in New York City on January 13, 2014. Antoine Lafargue, Chief Financial Officer, is scheduled to present at approximately 9:20 AM EST. Presentation materials will be available in the Investor [...]

Magellan today announced that the Company's upcoming annual meeting of shareholders will be held at 10:00 a.m. Mountain Time on December 11, 2013, at the Magnolia Hotel, 818 17th Street, Denver, Colorado 80202. In addition, the Company announced that the Board of Directors has fixed October 21, 2013, as the record date for the determination of the [...]

Magellan today announced that on September 12, 2013, the Company through its indirect subsidiary, Magellan Petroleum Corporation Pty Ltd, signed a gas supply and purchase agreement with Northern Territory Power and Water Corporation for the long-term sale of gas from the Company's Dingo gas field. Pursuant to the Dingo GSPA, the Company has [...]

Magellan Petroleum Corporation today announced that on August 2, 2013, the Company obtained permits from the US Bureau of Land Management to drill five wells on its leases at Poplar Dome in Roosevelt County, Montana. These permits represent the final regulatory requirement prior to commencing drilling operations for the Company's previously [...]