EXHIBIT 21 Subsidiaries of the Registrant
Subsidiary State of Incorporation Ownership ---------- ---------------------- --------- Magellan Petroleum Australia Limited Queensland,.Australia 51.3% The following subsidiaries are owned directly or indirectly by Magellan Petroleum Australia Limited: 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%