Magellan Sets Annual Meeting, Proxy Materials Mailing Underway.

Travel & Leisure Close-Up, April, 2009

Magellan Petroleum announced that the company's 2008 Annual Meeting of Shareholders will be held on May 27, at 1 P.M., local time at the Raleigh-Durham Airport Courtyard by Marriott Hotel, 2001 Hospitality Court, Morrisville, NC 27560 (telephone: 919-467-9444).

This is a new location from prior years. The record date for determination of shareholders entitled to vote at the meeting is April 6.

Magellan filed a preliminary proxy statement with the U.S. Securities and Exchange Commission (SEC) on February 11, which was amended on April 8, in connection with the election of one director and the other business described below. Earlier, Magellan filed with the SEC its definitive proxy materials in connection with the Annual Meeting. The company anticipates...

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