UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

FORM 8-K

 

 

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): September 23, 2010 (September 23, 2010)

 

 

Magellan Petroleum Corporation

(Exact Name of Registrant as Specified in Its Charter)

 

 

Delaware

(State or Other Jurisdiction of Incorporation)

 

1-5507		06-0842255
(Commission File Number)		(IRS Employer Identification No.)

 

7 Custom House Street, Portland, ME		04101
(Address of Principal Executive Offices)		(Zip Code)

207-619-8500

(Registrant’s Telephone Number, Including Area Code)

 

(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)

 

 

 

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Item 7.01

Regulation FD Disclosure

Management Presentation

On September 23, 2010, William H. Hastings, President and CEO of Magellan Petroleum Corporation (the “Company”), conducted a presentation of the Company’s current business plans entitled “Magellan – Charting a New Course” in Darwin, Australia at the South East Asia Australia Offshore Conference.

The Company’s presentation is furnished herewith as Exhibit 99.1 and is incorporated by reference herein. The presentation has also been posted to the Company’s website – www.magellanpetroleum.com. Such material may be presented to investors in the future.

The information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section and shall not be deemed incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Forward Looking Statements

Statements in this report, including in the presentation furnished as Exhibit 99.1, which are not historical in nature are intended to be, and are hereby identified as, forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. These statements about the Company and Magellan Petroleum Australia Limited (“MPAL”) may relate to their businesses and prospects, revenues, expenses, operating cash flows, and other matters that involve a number of uncertainties that may cause actual results to differ materially from expectations. Among these risks and uncertainties are the ability of MPAL, with the assistance of the Company, to successfully and timely close the Evans Shoal acquisition, the ability of the Company to successfully secure financing and/or offtake opportunities necessary to implement a strategy for methanol development, pricing and production levels from the properties in which the Company and MPAL have interests, the extent to which demand for methanol continues to grow in targeted markets, the extent to which methanol can be used as an economical fuel alternative, the extent of the recoverable reserves at those properties, the profitable integration of acquired businesses, including Evans Shoal, the future outcome of the negotiations for gas sales contracts for the remaining uncontracted reserves at both the Mereenie and Palm Valley gas fields in the Amadeus Basin, including the likelihood of success of other potential suppliers of gas to the current customers of Mereenie and Palm Valley production. In addition, the Company, and its operating subsidiaries have exploration permits and face the risk that any wells drilled may fail to encounter hydrocarbons in commercially recoverable quantities. Any forward-looking information provided in this report, including in the presentation furnished as Exhibit 99.1, should be considered with these factors in mind. The Company assumes no obligation to update any forward-looking statements contained in this report, whether as a result of new information, future events or otherwise.

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Item 9.01

Financial Statements and Exhibits

 

(d)

Exhibits.

The following exhibit is furnished herewith:

 

Exhibit No.		Description
99.1		Company presentation dated September 23, 2010 entitled “Magellan – Charting a New Course” as presented in Darwin, Australia at the South East Asia Australia Offshore Conference.

 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

Dated: September 23, 2010

 

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EXHIBIT INDEX

 

Exhibit No.		Description
99.1		Company presentation dated September 23, 2010 entitled “Magellan – Charting a New Course” as presented in Darwin, Australia at the South East Asia Australia Offshore Conference.