UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
SEC FILE NO.: 1-5507
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CUSIP NO.: 55909301
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(CHECK ONE):
/X/ FORM 10-K /_/ FORM 20-F /_/ FORM 11-K /_/ FORM 10-Q /_/ FORM N-SAR
FOR THE PERIOD ENDED: JUNE 30, 2004
OR
[ ] TRANSITION REPORT ON FORM 10-K
[ ] TRANSITION REPORT ON FORM 20-F
[ ] TRANSITION REPORT ON FORM 11-K
[ ] TRANSITION REPORT ON FORM 10-Q
[ ] TRANSITION REPORT ON FORM N-SAR
FOR THE TRANSITION PERIOD ENDED:_____________
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Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
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If the notification relates to a portion of the filing checked above, identify
the item(s) to which the notification relates:
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PART I - REGISTRANT INFORMATION
Full Name of Registrant: Magellan Petroleum Corporation
Address of Principal Executive
Offices: 10 Columbus Boulevard, Hartford, CT 06106
PART II - RULES 12B-25(B) AND (C)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)
/X/ (A) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or expense;
/X/ (B) The subject annual report, semi-annual report, transition report
on Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion thereof, will
be filed on or before the fifteenth calendar day following the
prescribed due date; or the subject quarterly report or transition
report on Form 10-Q, or portion thereof will be filed on or before
the fifth calendar day following the prescribed due date; and
/_/ (C) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
PART III - NARRATIVE
Effective June 30, 2004, the Company's President, Chief Executive and
Chief Financial Officer retired and was replaced by Daniel J. Samela as the
Company's new Chief Executive Officer and Chief Financial Officer. Mr. Samela is
the Company's sole full time employee. As a result of the foregoing factor, the
Company has been unable to timely file its Form 10-K for the fiscal year ending
June 30, 2004 without unreasonable effort or expense.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Daniel J. Samela (860) 293-2006
(2) Have all other periodic reports required under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of
1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).
/X/ Yes /__/ No
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(3) Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
/__/ Yes /X/ No
If so, attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.
Magellan Petroleum Corporation
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(Name of Registrant as Specified in Its Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
By: /s/ Daniel J. Samela
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Daniel J. Samela
President and Chief Executive Officer, Chief
Financial and Accounting Officer
Date: September 28, 2004
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