September
10, 2008
|
Re:
|
Stockholder
Notice of Intention to Nominate a Person for Election to the
Board of
Directors, and to Bring Other Matters of Business before the
Stockholders,
of
Magellan Petroleum Corporation
|
Sincerely,
|
|||
|
|
||
|
ANS
Investments LLC
|
||
|
|
||
By:
|
/s/
Jonah M. Meer
|
||
Jonah
M. Meer
|
|||
Chief
Executive Officer
|
cc: |
Patrick
P. Salisbury, Esq., Salisbury & Ryan
LLP
|
Name
and Address of the
Record
Owner
|
Name
and Address of the
Beneficial
Owner
|
Nature
of Beneficial
Ownership
(if applicable)
|
Number
of Shares of Magellan
Common
Stock Held
|
Percent
of Class (1)
|
ANS
Investments LLC
50
Battery Place, Suite 7F
New
York, NY 10280-1530
|
ANS
Investments LLC
50
Battery Place, Suite 7F
New
York, NY 10280-1530
|
N/A
|
2,000
|
Less
than
1%
|
Cede
& Co., as the nominee of
The
Depository Trust Company
c/o
The Depository Trust Company
55
Water Street
New
York, NY 10041
|
ANS
Investments LLC
50
Battery Place, Suite 7F
New
York, NY 10280-1530
|
Shares
held in “street name” for the benefit of ANS Investments
LLC
|
302,780
|
Less
than
1%
|
Total
Shares
|
304,780
|
Less
than
1%
|
(1)
|
The
percentages used herein are calculated based upon the 41,500,325
shares of
Magellan Common Stock issued and outstanding as of May 8, 2008
as reported
by the Company in its Annual Report on Form 10-Q for the quarterly
period
ended March 31, 2008.
|
Purchases
and sales by the Stockholder (ANS Investments
LLC):
|
||||||||||
Date
of Transaction
|
Sale
or Purchase
|
Number.
of Securities Purchased / Sold
|
Price
(Per
Share)
|
|||||||
02/15/08
|
Purchase
|
2,000
|
$
|
1.0895
|
||||||
08/15/08
|
Purchase
|
2,500
|
$
|
1.38
|
||||||
08/18/08
|
Purchase
|
565
|
$
|
1.34
|
||||||
08/18/08
|
Purchase
|
1,200
|
$
|
1.38
|
||||||
08/18/08
|
Purchase
|
2,200
|
$
|
1.38
|
||||||
08/18/08
|
Purchase
|
2,600
|
$
|
1.38
|
||||||
08/19/08
|
Purchase
|
200
|
$
|
1.37
|
||||||
08/19/08
|
Purchase
|
1,500
|
$
|
1.39
|
||||||
08/19/08
|
Purchase
|
3,100
|
$
|
1.38
|
||||||
08/20/08
|
Purchase
|
3,500
|
$
|
1.39
|
||||||
08/20/08
|
Purchase
|
885
|
$
|
1.38
|
||||||
08/21/08
|
Purchase
|
3,000
|
$
|
1.38
|
||||||
08/21/08
|
Purchase
|
4,000
|
$
|
1.4099
|
||||||
08/25/08
|
Purchase
|
5,000
|
$
|
1.42
|
||||||
08/25/08
|
Purchase
|
7,279
|
$
|
1.41
|
||||||
08/25/08
|
Purchase
|
11,000
|
$
|
1.42
|
||||||
08/25/08
|
Purchase
|
9,000
|
$
|
1.42
|
||||||
08/26/08
|
Purchase
|
2,500
|
$
|
1.4599
|
||||||
08/26/08
|
Purchase
|
5,000
|
$
|
1.46
|
||||||
08/26/08
|
Sale
|
(2,500)
|
|
$
|
1.4601
|
|||||
08/26/08
|
Purchase
|
2,500
|
$
|
1.46
|
||||||
08/26/08
|
Purchase
|
3,000
|
$
|
1.4599
|
||||||
08/26/08
|
Purchase
|
4,600
|
$
|
1.46
|
||||||
08/27/08
|
Purchase
|
2,500
|
$
|
1.50
|
||||||
08/27/08
|
Purchase
|
2,000
|
$
|
1.47
|
||||||
08/27/08
|
Purchase
|
4,700
|
$
|
1.47
|
||||||
08/27/08
|
Purchase
|
1,400
|
$
|
1.50
|
||||||
08/27/08
|
Purchase
|
1,600
|
$
|
1.4999
|
||||||
08/27/08
|
Purchase
|
3,300
|
$
|
1.47
|
||||||
08/28/08
|
Purchase
|
300
|
$
|
1.52
|
||||||
08/28/08
|
Purchase
|
1,700
|
$
|
1.5199
|
||||||
08/28/08
|
Purchase
|
5,000
|
$
|
1.54
|
||||||
08/29/08
|
Purchase
|
1,000
|
$
|
1.5199
|
||||||
08/29/08
|
Purchase
|
2,500
|
$
|
1.4799
|
||||||
09/02/08
|
Purchase
|
1,100
|
$
|
1.5000
|
||||||
09/02/08
|
Purchase
|
6,900
|
$
|
1.4999
|
||||||
09/02/08
|
Purchase
|
10,000
|
$
|
1.50
|
||||||
09/02/08
|
Purchase
|
400
|
$
|
1.50
|
||||||
09/02/08
|
Purchase
|
6,600
|
$
|
1.4999
|
||||||
09/02/08
|
Purchase
|
5,000
|
$
|
1.50
|
||||||
09/02/08
|
Purchase
|
10,000
|
$
|
1.50
|
||||||
09/03/08
|
Purchase
|
2,500
|
$
|
1.48
|
||||||
09/03/08
|
Purchase
|
2,500
|
$
|
1.4999
|
||||||
09/03/08
|
Purchase
|
3,700
|
$
|
1.4799
|
||||||
09/03/08
|
Purchase
|
4,500
|
$
|
1.4999
|
||||||
09/03/08
|
Purchase
|
5,000
|
$
|
1.3999
|
||||||
09/03/08
|
Purchase
|
5,000
|
$
|
1.3999
|
||||||
09/03/08
|
Purchase
|
5,000
|
$
|
1.4999
|
||||||
09/04/08
|
Purchase
|
4,500
|
$
|
1.27
|
||||||
09/04/08
|
Purchase
|
2,000
|
$
|
1.39
|
||||||
09/04/08
|
Purchase
|
10,000
|
$
|
1.27
|
||||||
09/04/08
|
Purchase
|
12,500
|
$
|
1.25
|
||||||
09/04/08
|
Purchase
|
2,500
|
$
|
1.2599
|
||||||
09/04/08
|
Purchase
|
2,000
|
$
|
1.2499
|
||||||
09/04/08
|
Purchase
|
900
|
$
|
1.26
|
||||||
09/04/08
|
Purchase
|
1,000
|
$
|
1.34
|
||||||
09/05/08
|
Purchase
|
8,000
|
$
|
1.26
|
||||||
09/05/08
|
Purchase
|
5,000
|
$
|
1.23
|
||||||
09/05/08
|
Purchase
|
400
|
$
|
1.21
|
||||||
09/08/08
|
Purchase
|
15,000
|
$
|
1.30
|
||||||
09/08/08
|
Purchase
|
5,000
|
$
|
1.3399
|
||||||
09/08/08
|
Purchase
|
1,500
|
$
|
1.31
|
Date
of Transaction
|
Sale
or Purchase
|
Number.
of Securities Purchased / Sold
|
Price
(Per
Share)
|
|||||||
09/08/08
|
Purchase
|
100
|
$
|
1.31
|
||||||
09/09/08
|
Purchase
|
951
|
$
|
1.20
|
||||||
09/09/08
|
Purchase
|
5,000
|
$
|
1.24
|
||||||
09/09/08
|
Purchase
|
6,000
|
$
|
1.24
|
||||||
09/09/08
|
Purchase
|
7,500
|
$
|
1.25
|
||||||
09/09/08
|
Purchase
|
6,100
|
$
|
1.27
|
||||||
09/09/08
|
Purchase
|
1,100
|
$
|
1.2973
|
||||||
09/09/08
|
Purchase
|
8,900
|
$
|
1.30
|
||||||
9/9/2008
|
Purchase
|
10,000
|
$
|
1.23
|
||||||
9/9/2008
|
Purchase
|
10,000
|
$
|
1.23
|
||||||
9/9/2008
|
Purchase
|
5,000
|
$
|
1.21
|
||||||
9/9/2008
|
Purchase
|
5,000
|
$
|
1.22
|
Date
of Transaction
|
Sale
or Purchase
|
Number
of Securities Purchased / Sold
|
Price
(Per
Share)
|
|||||||
09/12/07
|
Purchase
|
1,000
|
$
|
1.1099
|
||||||
10/15/07
|
Purchase
|
1,000
|
$
|
1.11
|
||||||
11/28/07
|
Purchase
|
3,000
|
$
|
0.9000
|
||||||
11/30/07
|
Purchase
|
900
|
$
|
1.0000
|
||||||
11/30/07
|
Purchase
|
1,000
|
$
|
1.00
|
||||||
11/30/07
|
Purchase
|
1,000
|
$
|
1.0000
|
||||||
11/30/07
|
Purchase
|
3,000
|
$
|
0.9900
|
||||||
11/30/07
|
Purchase
|
4,600
|
$
|
0.9900
|
||||||
11/30/07
|
Purchase
|
10,000
|
$
|
1.0200
|
||||||
12/05/07
|
Purchase
|
900
|
$
|
1.0600
|
||||||
12/05/07
|
Purchase
|
1,000
|
$
|
1.0600
|
||||||
12/05/07
|
Purchase
|
1,100
|
$
|
1.06
|
||||||
12/05/07
|
Purchase
|
1,600
|
$
|
1.06
|
||||||
12/05/07
|
Purchase
|
4,000
|
$
|
1.07
|
||||||
12/05/07
|
Purchase
|
5,000
|
$
|
1.0700
|
||||||
12/05/07
|
Purchase
|
12,900
|
$
|
1.07
|
||||||
12/19/07
|
Purchase
|
2,800
|
$
|
1.02
|
||||||
12/19/07
|
Purchase
|
7,200
|
$
|
1.0000
|
||||||
12/19/07
|
Purchase
|
100
|
$
|
1.00
|
||||||
12/19/07
|
Purchase
|
200
|
$
|
0.99
|
||||||
12/19/07
|
Purchase
|
200
|
$
|
0.99
|
||||||
12/19/07
|
Purchase
|
200
|
$
|
1.00
|
||||||
12/19/07
|
Purchase
|
200
|
$
|
0.99
|
||||||
12/19/07
|
Purchase
|
300
|
$
|
0.99
|
||||||
12/19/07
|
Purchase
|
300
|
$
|
0.99
|
||||||
12/19/07
|
Purchase
|
500
|
$
|
0.99
|
||||||
12/19/07
|
Purchase
|
500
|
$
|
0.99
|
||||||
12/20/07
|
Purchase
|
10,000
|
$
|
1.01
|
||||||
12/21/07
|
Purchase
|
3,000
|
$
|
0.9900
|
||||||
12/31/07
|
Purchase
|
1,000
|
$
|
0.9899
|
||||||
12/31/07
|
Purchase
|
1,000
|
$
|
0.9899
|
||||||
12/31/07
|
Purchase
|
500
|
$
|
0.98
|
||||||
12/31/07
|
Purchase
|
1,000
|
$
|
0.99
|
||||||
12/31/07
|
Purchase
|
1,000
|
$
|
0.99
|
||||||
01/09/08
|
Purchase
|
2,500
|
$
|
0.95
|
(i)
|
to
being named as a nominee in any notice provided by the Stockholder
of his
intention to nominate the undersigned for election as a director
to the
Company Board at the Stockholders’
Meeting,
|
(ii)
|
to
being named as a nominee in any proxy statement filed by the
Stockholder
in connection with the solicitation of proxies or written consents
for
election of the undersigned at the Stockholders’ Meeting,
and
|
(iii)
|
to
serve as a director of the Company if elected at the Stockholders’
Meeting.
|
Signature:
|
/s/ Jonah M. Meer |