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DISCLAIMER
The following presentation may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as
amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created
thereby. You can identify our forward-looking statements by words such a "anticipates," "expects," "intends," "plans," "projects," "believes,"
"estimates," and similar expressions.
Forward-looking statements relating to Magellan's operations are based on management's expectations, estimates and projections about
Magellan and the oil and gas industry in general on the date this presentation was given. These statements are not guarantees of future
performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Further, certain forward-looking statements
are based upon assumptions as to future events that may not prove to be accurate. Therefore, actual outcomes and results may differ
materially from what is expressed or forecast in such forward-looking statements.
Factors that could cause actual results or events to differ materially include, but are not limited to: pricing and production levels from the
properties in which Magellan has interests; the extent of the recoverable reserves at those properties; crude oil and natural gas prices;
potential failure to achieve, and potential delays in achieving expected reserves or production levels from existing and future oil and gas
development projects due to operating hazards, drilling risks, and the inherent uncertainties in interpreting engineering data relating to
underground accumulations of oil and gas; unsuccessful exploratory drilling activities; lack of exploration success; international monetary
conditions and exchange controls; potential liability for remedial actions under existing or future environmental regulations; potential liability
resulting from pending or future litigation; general domestic and international economic and political conditions, as well as changes in tax
and other laws applicable to Magellan's business.
Other factors that could cause actual results to differ materially from those described in the forward-looking statements include other
economic, business, competitive and/or regulatory factors affecting Magellan's business generally as set forth in our filings with the U.S.
Securities and Exchange Commission (SEC), including our Form 10-K for the year ending June 30, 2008, as amended, and as updated by our
subsequent periodic and current reports on Forms 10-Q and 8-K, respectively. Magellan is under no obligation (and expressly disclaims any
such obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
Cautionary Note to U.S. Investors - The SEC permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves
that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing
economic and operating conditions. We may use terms in this presentation, such as recoverable barrels of oil, oil-in-place, recoverable oil
reserves and probable and possible reserves, that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S.
investors are urged to consider closely the oil and gas disclosures in our Form 10-K for the year ended June 30, 2008, as amended, and as
updated by our subsequent periodic and current reports on Forms 10-Q and 8-K, respectively.
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