Tuesday, 1 March 2016

Wake Up America ,BUY Magellan Petroleum

Wytch Farm ....
35% of £450 million = More or less Than the current MCAP of £5 million ?

You do the Math .

Is Magellan Petroleum undervalued . You Bet your bottom dollar .Literally one dollar per share as one writes on 02/03/16
Why the discrepency with the UK value of UKOG ? Perhaps the tardiness of Magellan to release actual news on time is the reason .Whom knows why this occurs , perhaps a ploy to keep you out of the curve . Thus far , it seems to be working .
Perhaps the UK exchange has overvalued UKOG . It`s a possibility ,that I feel is dubious with all this free running good oil , just waiting to be extracted .
It`s all highly illogical Spock . But , the that`s trading ,but, not as I know it .

  $1 per share . It`s a gift horse .

    Good luck

       And May

March 2, 2016 Magellan Provides Update on Horse Hill Flow Test DENVER, CO -- (Marketwired) -- 03/02/16 -- Magellan Petroleum Corporation (NASDAQ: MPET) ("Magellan" or the "Company") today announced updated results of a flow test of the Horse Hill-1 well located in the Weald Basin, onshore UK, which is operated by Horse Hill Development Limited ("HHDL") and in which Magellan has a 35% interest. UK Oil & Gas Investments PLC ("UKOG"), listed on the AIM of the London Stock Exchange, owns direct and indirect interests totaling approximately 20% in the Horse Hill- 1 well. On March 1, 2016, UKOG announced that HHDL had informed them of the results of the flow test of the Upper Kimmeridge limestone interval, which followed the previously announced flow test of the Lower Kimmeridge limestone interval, indicating that 100% dry, light, 40-degree API, sweet oil has flowed naturally to the surface from the Upper Kimmeridge limestone interval at a rate of approximately 900 bopd. The Horse Hill-1 well lies within the license area of PEDL 137. Pursuant to a farmout agreement executed in December 2013, HHDL is the operator of and owns a 65% interest in both the license and the well, and Magellan is carried 100% for its 35% share of the costs of this well, including drilling, testing, and completion costs. J. Thomas Wilson, President and CEO of the Company, commented, "We continue to be encouraged with the results of the flow test of Horse Hill, which provided evidence of free flowing oil from two of the three formations planned to be tested. We believe that the results from the Lower and Upper Kimmeridge limestone formations are particularly relevant considering that these formations extend throughout the Weald Basin. The next step of the flow test consists of testing the Portland sandstone formation." CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements within the meaning of securities laws. The words "believe", "expect", "intend", "plan", "potential", and similar expressions are intended to identify forward-looking statements. These statements involve a number of known and unknown risks which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. These risks include factors such as the uncertain nature of the flow test results for the Horse Hill-1 well, which are subject to further testing, analysis, and interpretation, and are not necessarily indicative of future production or ultimate recovery of oil from the well, PEDL 137, or the Weald Basin; the uncertainty of drilling and completion conditions and results; possible geologic or other obstacles to the further development of, and obtaining commercially acceptable levels of production from, the Horse Hill-1 well, PEDL 137, and the Weald Basin; uncertainties inherent in projecting future rates of production from the Horse Hill-1 well; the uncertain nature of oil and gas prices in the UK, including uncertainties about the duration of the currently depressed oil commodity price environment and the related impact on the ability to obtain project development financing; the Company's limited amount of control over activities on its non-operated properties; the uncertain nature of the anticipated value and underlying prospects of the Company's UK acreage position; government regulation and oversight of drilling and completion activity in the UK, including possible restrictions on hydraulic fracturing that could adversely affect the ability to realize value from unconventional resource projects; the uncertain nature of the overall political and social environment in the UK with respect to conventional and unconventional oil and gas developments; uncertainties regarding the Company's ability to maintain sufficient liquidity and capital resources to fund operations or otherwise continue as a going concern; and other matters discussed in the "Risk Factors" section of the Company's 2015 Form 10-K and any updates thereto in subsequent reports filed with the SEC. The forward looking statements in this press release speak as of the date of this release. Although the Company may from time to time voluntarily update its prior forward-looking statements, it disclaims any commitment to do so except as required by securities laws. ABOUT MAGELLAN Magellan Petroleum Corporation is an independent oil and gas exploration and production company focused on CO2-EOR projects in the Rocky Mountain region. Historically active internationally, Magellan also owns significant exploration acreage in the Weald Basin, onshore UK, and an exploration block, NT/P82, in the Bonaparte Basin, offshore Northern Territory, Australia. Our strategy is to enhance shareholder value by maximizing the value of our existing assets. Our portfolio of operations includes several early stage oil and gas exploration and development projects, the successful development of which requires significant capital, as well as significant engineering and management resources

And on time this time .
It`s a weird life Mr Investor.

     And May

August 3rd .2016

Magellan Petroleum Corporation (Nasdaq: MPET) announced that it has entered into a definitive merger agreement with Tellurian Investments Inc. ("Tellurian"), a recently formed private company focused on the development of a mid-scale liquefied natural gas ("LNG") facility on the U.S. Gulf Coast. Tellurian is led by Charif Souki, former founder, Chairman, and CEO of Cheniere Energy, Inc. and Martin Houston, former COO of BG Group plc.
J. Thomas Wilson, President and CEO of Magellan, commented, "This transaction concludes our strategic alternatives review process and we believe offers a unique opportunity for Magellan's shareholders to participate at an early stage in an investment potentially similar to Cheniere Energy's remarkable success, under the leadership of Charif Souki. He and Martin Houston are proven leaders in the LNG industry."
Martin Houston, co-founder of Tellurian, also commented, "Our experienced team leading Driftwood LNG, a 26-millon tonnes liquefaction project in Louisiana, and our deep relationship with Bechtel and its sub-contractors, GE and Chart Industries, are key factors that we believe will drive the successful development of one of the most cost-competitive LNG projects globally. With this transaction, we will be able to access more attractive financing in order to develop Driftwood LNG, which should come on stream in 2022, just as the markets for new LNG open up."
The board of directors of each company has unanimously approved the terms of the agreement and has recommended that its shareholders approve the transaction. Completion of the merger is subject to approval of the Magellan and Tellurian shareholders and certain regulatory approvals and customary conditions.
The transaction is expected to close in the fourth quarter of 2016. Upon closing, pursuant to the terms of the merger agreement, each share of Tellurian will be converted into the right to receive 1.30 shares of Magellan. Magellan will issue approximately 122 million shares of common stock to Tellurian shareholders, representing approximately 95% of Magellan's pro forma outstanding common stock.
Petrie Partners Securities, LLC acted as financial advisor to Magellan. Davis, Graham & Stubbs LLP acted as legal advisor to Magellan. Gray Reed & McGraw, P.C. acted as legal advisor to Tellurian.

Looks like the future is solid as expected.

And May

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