Exhibit 5.1
February 23, 2006
Securities and Exchange Commission
100 F. Street
Washington, D.C. 20549
Re: Magellan Petroleum Corporation
We have acted as counsel for Magellan Petroleum Corporation, a Delaware corporation (the
Company), in connection with the registration by the Company (the Registration) of 1,044,687
shares (the Shares) of the Companys common stock, par value $.01 per share, as described in the
Companys Registration Statement filed on February 23, 2006 on Form S-4 under the Securities Act of
1933, as amended (the Registration Statement).
In connection with the following opinion, we have reviewed the Registration Statement and the
Companys prior Registration Statement on Form S-4 (File No. 333-139329), which was declared
effective by the Securities and Exchange Commission on January 26, 2006 (the Prior Registration
Statement) and are familiar with the action taken by the Company to date with respect to the
approval and authorization of each of the Prior Registration Statement and the Registration
Statement.
We have examined originals, or copies, certified or otherwise authenticated to our
satisfaction, of such corporate records of the Company, agreements and other instruments,
certificates of public officials, officers and representatives of the Company and such other
documents as we have deemed necessary as a basis for the opinion hereinafter expressed. We are
furnishing this opinion in connection with the filing of the Registration Statement.
Based upon the foregoing, we are of the opinion that, upon the effectiveness of the
Registration Statement, the shares of Common Stock proposed to be registered by the Company under
the Registration Statement will be, when sold, validly issued, fully paid and non-assessable.
We hereby consent to the inclusion of this opinion as an exhibit to the Registration Statement
and to the reference to our firm under the caption Legal Matters in the prospectus/proxy
statement included in the Prior Registration Statement, which is incorporated by reference into the
Registration Statement.
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Very truly yours,
MURTHA CULLINA LLP
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By: |
/s/ Edward B. Whittemore
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Edward B. Whittemore, |
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cc: Daniel J. Samela |
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A Partner of the firm |
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