Exhibit 21
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Subsidiaries of the Registrant
Subsidiary State of Incorporation Ownership
Magellan Petroleum Australia Limited Queensland, Queensland,.Australia 52.44%
Magellan Petroleum Australia Limited owns
the following subsidiaries directly or
indirectly:
Magellan Petroleum (N.T.) Pty. Ltd. Queensland, Australia 100%
Paroo Petroleum Pty. Ltd. Queensland, Australia 100%
Paroo Petroleum (Holdings), Inc. Delaware, U.S.A. 100%
Paroo Petroleum (USA), Inc. Delaware, U.S.A. 100%
Magellan Petroleum (W.A.) Pty. Ltd. Queensland, Australia 100%
Magellan Petroleum (Belize) Limited Belize, C.A. 100%
Magellan Petroleum (Eastern) Pty. Ltd. Queensland, Australia 100%
Magellan Petroleum (Southern) Pty. Ltd. Queensland, Australia 100%
Magellan Petroleum (NZ)Limited New Zealand 100%
Magellan Petroleum (Ventures)Pty Ltd. Queensland, Australia 100%
Jarl Pty. Ltd Queensland, Australia 100%