Magellan Petroleum Corporation.

OTC:MPET ISIN:US5590913019

May 26, 2012

OVERVIEW | NEWS | MULTIMEDIA | RESEARCH

Magellan Petroleum Corporation. Company Summary

Magellan Petroleum Corporation (NASDAQ:MPET) (ASX:MGN) is engaged in the sale of oil and gas, and the exploration for and development of oil and gas reserves. As of June 30, 2009, the Company’s principal asset was a 100% equity interest in its subsidiary, Magellan Petroleum Australia Limited (MPAL). The Company conducts business through its two segments, MPC and its wholly owned subsidiary, MPAL.

COMPANY DATA

	Headquarters	10 Columbus Boulevard , Hartford

		CONNECTICUT CONNECTICUT 06106

	Telephone	(02) 9232 5500

	Fax	(02) 9232 5300

	Principal Sector	Advertising & Media

	Principal Industry	None

	Homepage	www.magpet.com

Key Developments: Magellan Petroleum Corporation.

	Australian Market Report of June 10, 2010: Magellan's (ASX:MGN) Purchase Approved by FIRB JUNE 10, 2010 13:30 - Article Views: 4,358 The Australian market shrugged off Wall Street's negative lead and opened firmer this morning on optimism over US economy. Financials and mining stocks led the market rise. The benchmark S&P/ASX200 index gained 0.58 per cent, while All Ordinaries rose 0.71 per cent in early trade.

	Adelaide Energy Limited (ASX:ADE) Third Quarter Activities Report: New Pipelines Laid, Drilling Underway MAY 3, 2010 18:20 - Article Views: 3,378 Adelaide Energy Limited (ASX:ADE) releases Third Quarter Activities Report 3 months to 31 March 2010.

	Drillsearch Energy Limited (ASX:DLS) Acquisition Of Additional Working Interests In South Western Cooper Basin JAN 20, 2010 15:42 - Article Views: 2,415 Drillsearch Energy Limited (ASX:DLS) (PINK:DRLLF) is pleased to announce that it has executed an agreement to purchase Magellan Petroleum (Southern) Pty Limited which holds interests in 1 Production Licence, PPL212 Kiana (30%), 1 Petroleum Retention Licence over the Udacha discovery (30%) and 1 Petroleum Exploration Licence PEL107 (20%) from US Company Magellan Petroleum Corporation (MGN). The consideration for the assets is A$550,000 which will be financed out of exiting cash reserves. The transaction is expected to be closed this quarter following third party approvals.