Exhibit 16 Ernst & Young LLP 1111 Summer Street Stamford, CT 06905 Tel: 203-674-3000 October 2, 2003 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, DC 20549 Gentlemen: We have read Item 4 of Amendment No. 2 to Form 8-K dated October 2, 2003, of Magellan Petroleum Corporation and are in agreement with the statements contained in paragraphs 1 through 4, therein. We have no basis to agree or disagree with other statements of the registrant contained therein. /s/ Ernst & Young LLP