UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                                Washington, D.C.

                                    FORM 8-K

                                 CURRENT REPORT


     Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934


       Date of Report (Date of earliest event reported) September 10, 1999


                         Magellan Petroleum Corporation
             (Exact name of registrant as specified in its charter)


          Delaware                        1-5507                  06-0842255
State or other jurisdiction            (Commission              (IRS Employer
      of incorporation                 File Number)          Identification No.)


             149 Durham Road, Oak Park - Unit 31, Madison, CT 06443
               (Address of principal executive offices) (Zip Code)


        Registrant's telephone number, including area code (203) 245-7664



         (Former name or former address, if changed since last report.)



<PAGE>


                                    FORM 8-K

                         MAGELLAN PETROLEUM CORPORATION


Item 5.          Other Events

                 The Annual  Meeting of  Stockholders  for the fiscal year ended
June 30,  1999 will be held on  Thursday,  December  2, 1999 at 1:00 P.M. at the
Hyatt Regency Orlando International  Airport,  9300 Airport Boulevard,  Orlando,
Florida 32827.



<PAGE>





                                   SIGNATURES


          Pursuant to the  requirements of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                                MAGELLAN PETROLEUM CORPORATION
                                                           (Registrant)



                                                By /s/ James R. Joyce
                                                   Name:   James R. Joyce
                                                   Title:  President


Date:  September 10, 1999
[{"type": "8-K", "sequence": "1", "description": "CURRENT REPORT 9/10/99", "secsgml_size_bytes": 2087}]
{"company-data": {"conformed-name": "MAGELLAN PETROLEUM CORP /DE/", "cik": "0000061398", "assigned-sic": "1311", "irs-number": "060842255", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-05507", "film-number": "99709029"}, "business-address": {"street1": "149 DURHAM RD", "street2": "OAKPARK UNIT 31", "city": "MADISON", "state": "CT", "zip": "06443", "phone": "2032457664"}, "mail-address": {"street1": "149 DURHAM RD", "street2": "OAKPARK UNIT 31", "city": "MADISON", "state": "CT", "zip": "06443"}, "former-company": {"former-conformed-name": "MAGELLAN PETROLEUM CORP PANAMA", "date-changed": "19671130"}}
UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                                Washington, D.C.

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

       Date of Report (Date of earliest event reported) September 10, 1999

                         Magellan Petroleum Corporation
             (Exact name of registrant as specified in its charter)

          Delaware                        1-5507                  06-0842255
State or other jurisdiction            (Commission              (IRS Employer
      of incorporation                 File Number)          Identification No.)

             149 Durham Road, Oak Park - Unit 31, Madison, CT 06443
               (Address of principal executive offices) (Zip Code)

        Registrant's telephone number, including area code (203) 245-7664

         (Former name or former address, if changed since last report.)
FORM 8-K

                         MAGELLAN PETROLEUM CORPORATION

Item 5.          Other Events

                 The Annual  Meeting of  Stockholders  for the fiscal year ended
June 30,  1999 will be held on  Thursday,  December  2, 1999 at 1:00 P.M. at the
Hyatt Regency Orlando International  Airport,  9300 Airport Boulevard,  Orlando,
Florida 32827.
SIGNATURES

          Pursuant to the  requirements of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                                MAGELLAN PETROLEUM CORPORATION
                                                           (Registrant)

                                                By /s/ James R. Joyce
                                                   Name:   James R. Joyce
                                                   Title:  President

Date:  September 10, 1999