DENVER, CO --(Marketwired - July 22, 2014) - Magellan Petroleum Corporation ("Magellan" or the "Company") (
J. Thomas Wilson, President and CEO of Magellan, stated, "We would like to thank Mark for his contributions to our successful efforts over the past two years, including the initiation of our CO 2 -EOR pilot program at Poplar, the progression of our activities in the UK, the sale of our non-core Amadeus Basin Assets in Australia, and the Series A Convertible Preferred Stock financing with One Stone Energy Partners. We wish him well in his future endeavors."
ABOUT MAGELLAN
Magellan Petroleum Corporation is an independent oil and gas exploration and production company focused on the development of a CO 2 -enhanced oil recovery ("CO 2 -EOR") program at Poplar Dome in eastern Montana and the exploration of unconventional hydrocarbon resources in the Weald Basin, onshore UK. Magellan also owns an exploration block, NT/P82, in the Bonaparte Basin, offshore Northern Territory, which the Company currently plans to farm-out; and an 11% ownership stake in Central Petroleum Limited (
For further information, please contact: Matthew Ciardiello Manager, Investor Relations 720.484.2404 IR@magellanpetroleum.com