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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
61398	Magellan Petroleum Corp	MPET	Crude Petroleum & Natural Gas (1311)	060842255

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1468730	V Nikolay Bogachev	9-3 Sechneovsky Pereulok Moscow 1Z RUS-119034		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2010-09-01	30,250	$1.68	14,429,153	No	4	S	Indirect	Held by ECP Fund, SICAV-FIS
Common Stock	Disposition	2010-09-02	18,150	$1.81	14,429,153	No	4	S	Indirect	Held by ECP Fund, SICAV-FIS

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	Held by ECP Fund, SICAV-FIS
No	4	S	Indirect	Held by ECP Fund, SICAV-FIS

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	15,000	Direct

Footnotes

On September 1, 2010, ECP Fund, SICAV-FIS (the "ECP Fund") (formerly known as YEP I, SICAV-FIS) sold an aggregate of 50,000 shares of the issuer's common stock pursuant to Rule 144. On the date of sale, the reporting person indirectly held a 60.5% equity interest in the ECP Fund. Accordingly, the reporting person's pecuniary interest in the issuer's shares held by the ECP Fund decreased proportionately by 30,250 shares.
Following these sales by the ECP Fund, the reporting person beneficially owns 15,000 shares of the issuer's common stock directly and an aggregate of 14,429,153 shares of the issuer's common stock indirectly, of which 13,612,463 shares are held by Young Energy Prize S.A. and 816,690 shares are held by the ECP Fund.
On September 2, 2010, the ECP Fund sold an aggregate of 30,000 shares of the issuer's common stock pursuant to Rule 144. On the date of sale, the reporting person indirectly held a 60.5% equity interest in the ECP Fund. Accordingly, the reporting person's pecuniary interest in the issuer's shares held by the ECP Fund decreased proportionately by 18,150 shares.