|
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
|
|||
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
|
572,485
|
1.4%
|
Total
Shares
|
574,485
|
1.4%
|
(1)
|
The
percentages used herein are calculated based upon the 41,500,325 shares of
Magellan Common Stock issued and outstanding as of November 10, 2008 as
reported by the Company in its Quarterly Report on Form 10-Q for the
quarterly period ended September 30,
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
|
Purchases
and sales by the Stockholder (ANS Investments LLC):
|
|||
Date
of Transaction
|
Sale
or Purchase
|
Number.
of Securities Purchased / Sold
|
Price
(Per
Share)
|
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
|
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
|
Purchases
and sales by the Stockholder (ANS Investments LLC):
|
|||
Date
of Transaction
|
Sale
or Purchase
|
Number.
of Securities Purchased / Sold
|
Price
(Per
Share)
|
9/9/2008
|
Purchase
|
5,000
|
$ 1.21
|
9/9/2008
|
Purchase
|
5,000
|
$ 1.22
|
09/11/08
|
Purchase
|
20,000
|
$ 1.15
|
09/11/08
|
Purchase
|
10,000
|
$ 1.10
|
09/11/08
|
Purchase
|
10,000
|
$ 1.15
|
09/11/08
|
Purchase
|
5,000
|
$ 1.1499
|
09/11/08
|
Purchase
|
5,000
|
$ 1.1499
|
09/11/08
|
Purchase
|
5,000
|
$ 1.12
|
09/11/08
|
Purchase
|
2,700
|
$ 1.1499
|
09/11/08
|
Purchase
|
1,500
|
$ 1.1499
|
09/11/08
|
Purchase
|
800
|
$ 1.15
|
09/15/08
|
Purchase
|
5,000
|
$ 1.1299
|
09/15/08
|
Purchase
|
700
|
$ 1.10
|
09/16/08
|
Purchase
|
6,100
|
$ 1.05
|
09/16/08
|
Purchase
|
5,000
|
$ 1.09
|
09/16/08
|
Purchase
|
4,700
|
$ 1.07
|
09/16/08
|
Purchase
|
3,250
|
$ 1.03
|
09/16/08
|
Purchase
|
2,300
|
$ 1.07
|
09/16/08
|
Purchase
|
55
|
$ 1.0699
|
09/17/08
|
Purchase
|
7,400
|
$ 1.07
|
09/17/08
|
Purchase
|
5,000
|
$ 1.0699
|
09/17/08
|
Purchase
|
2,500
|
$ 1.0999
|
09/17/08
|
Purchase
|
2,500
|
$ 1.0799
|
09/17/08
|
Purchase
|
2,300
|
$ 1.0999
|
09/17/08
|
Purchase
|
2,100
|
$ 1.07
|
09/17/08
|
Purchase
|
200
|
$ 1.10
|
09/18/08
|
Purchase
|
4,800
|
$ 1.08
|
09/18/08
|
Purchase
|
2,700
|
$ 1.05
|
09/19/08
|
Purchase
|
14,000
|
$ 1.05
|
09/19/08
|
Purchase
|
13,500
|
$ 1.07
|
09/19/08
|
Purchase
|
9,400
|
$ 1.06
|
09/19/08
|
Purchase
|
9,300
|
$ 1.07
|
09/19/08
|
Purchase
|
7,200
|
$ 1.07
|
09/19/08
|
Purchase
|
6,700
|
$ 1.05
|
09/24/08
|
Purchase
|
10,000
|
$ 1.08
|
09/24/08
|
Purchase
|
8,000
|
$ 1.07
|
09/24/08
|
Purchase
|
5,000
|
$ 1.09
|
09/29/08
|
Purchase
|
10,000
|
$ 1.03
|
09/29/08
|
Purchase
|
5,000
|
$ 1.03
|
09/29/08
|
Purchase
|
2,100
|
$ 1.03
|
Purchases
and sales by the Stockholder (ANS Investments LLC):
|
|||
Date
of Transaction
|
Sale
or Purchase
|
Number.
of Securities Purchased / Sold
|
Price
(Per
Share)
|
10/02/08
|
Purchase
|
10,000
|
$
0.8999
|
10/02/08
|
Purchase
|
10,000
|
$ 0.89
|
10/02/08
|
Purchase
|
7,500
|
$ 0.94
|
10/02/08
|
Purchase
|
5,000
|
$ 0.98
|
10/02/08
|
Purchase
|
5,000
|
$ 0.93
|
10/02/08
|
Purchase
|
5,000
|
$ 0.91
|
10/02/08
|
Purchase
|
400
|
$ 0.85
|
10/08/08
|
Purchase
|
10,000
|
$ 0.89
|
Purchases
and sales by the Nominee (Jonah M. Meer):
|
|||
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
|
Purchases
and sales by the Nominee (Jonah M. Meer):
|
|||
Date
of Transaction
|
Sale
or Purchase
|
Number
of Securities Purchased / Sold
|
Price
(Per
Share)
|
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
serving as a nominee for election as a director to the Company Board at
the Stockholder Meeting;
|
(ii)
|
to
being named as a nominee in any notice provided by the Stockholder of its
intention to nominate the undersigned for election as a director to the
Company Board at the Stockholder
Meeting;
|
(iii)
|
to
being named as a nominee in any proxy statement filed by the Stockholder
in connection with its solicitation of proxies or written consents for
election of the undersigned at the Stockholder Meeting;
and
|
(iv)
|
to
serve as a director of the Company if elected at the Stockholder
Meeting.
|