0000061398-15-000021.txt : 20150611 0000061398-15-000021.hdr.sgml : 20150611 20150610212453 ACCESSION NUMBER: 0000061398-15-000021 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20150611 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150611 DATE AS OF CHANGE: 20150610 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MAGELLAN PETROLEUM CORP /DE/ CENTRAL INDEX KEY: 0000061398 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 060842255 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05507 FILM NUMBER: 15924703 BUSINESS ADDRESS: STREET 1: 1775 SHERMAN STREET STREET 2: SUITE 1950 CITY: DENVER STATE: CO ZIP: 80203 BUSINESS PHONE: (720) 484-2400 MAIL ADDRESS: STREET 1: 1775 SHERMAN STREET STREET 2: SUITE 1950 CITY: DENVER STATE: CO ZIP: 80203 FORMER COMPANY: FORMER CONFORMED NAME: MAGELLAN PETROLEUM CORP PANAMA DATE OF NAME CHANGE: 19671130 8-K 1 a8kappointmentofprincipalf.htm 8-K 8K Appointment of Principal Financial Officer


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

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): June 11, 2015 (June 5, 2015)

Magellan Petroleum Corporation
(Exact name of registrant as specified in its charter)
 
Delaware
(State or other jurisdiction of incorporation)
001-5507
 
06-0842255
(Commission File Number)
 
(IRS Employer Identification No.)
 
 
 
1775 Sherman Street, Suite 1950, Denver, CO
 
80203
(Address of principal executive offices)
 
(Zip Code)
(720) 484-2400
(Registrant’s telephone number, including area code)
 
 
 
 
(Former name or former address, if changed since last report)
 
 
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):
l
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
l
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
l
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))






Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 5, 2015, the Board of Directors of Magellan Petroleum Corporation (the "Company") approved the appointment of Antoine J. Lafargue as the Company's Senior Vice President - Chief Financial Officer, Treasurer, and Corporate Secretary commencing on June 19, 2015, which is the effective date of the resignation of Matthew R. Ciardiello as the Company's Vice President - Chief Financial Officer, Treasurer and Corporate Secretary. As previously reported in Part II, Item 5 of the of the Company's Quarterly Report on Form 10-Q filed on May 15, 2015, Mr. Ciardiello notified the Company on May 13, 2015 that he will be resigning effective June 19, 2015, to pursue a chief financial officer opportunity at another company. The Company's Chief Financial Officer serves as the Company's principal financial officer and principal accounting officer.
Mr. Lafargue, age 40, has served as the Company's Senior Vice President of Strategy and Business Development and Chief Commercial Officer since October 2014. He previously served as the Company's Vice President - Chief Financial Officer and Treasurer from August 2010 to October 2014. From July 2009 to July 2010 Mr. Lafargue served as the Chief Financial Officer of Falcon Gas Storage, a natural gas storage company based in Houston, Texas.
The Company and Mr. Lafargue will seek to amend Mr. Lafargue's current employment agreement with the Company to reflect the above changes in his roles and responsibilities. Mr. Lafargue has not entered into any related party transactions with the Company that are required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Item 7.01    Regulation FD Disclosure.
On June 11, 2015, the Company issued a press release announcing the appointment of a new principal financial officer. A copy of the press release is attached hereto as Exhibit 99.1.
The above information (including Exhibit 99.1) is furnished pursuant to Item 7.01 and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as may be expressly set forth by specific reference in such filing.
Item 9.01    Financial Statements and Exhibits.

(d)    Exhibits.
The following exhibit is furnished as part of this report:

Exhibit
No.         Description
99.1*        Company press release dated June 11, 2015.

*    Furnished herewith.






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 hereunto duly authorized.

 
MAGELLAN PETROLEUM CORPORATION
 
 
 
 
 
 
June 11, 2015
By:
/s/ J. Thomas Wilson
 
 
John Thomas Wilson, President and Chief Executive Officer
 
 
(as Principal Executive Officer)
 
 
 
 
 
 
 
 
 




EX-99.1 2 prappointmentofcfo.htm EXHIBIT 99.1 PR Appointment of CFO



Exhibit 99.1


Magellan Announces Appointment of New CFO

DENVER, June 11, 2015 /Marketwired/ -- Magellan Petroleum Corporation (NASDAQ:MPET) ("Magellan" or the "Company") today announced that its Board has appointed Antoine J. Lafargue as the Company’s new Senior Vice President - Chief Financial Officer, Treasurer, and Corporate Secretary effective June 19, 2015, which is the effective date of the previously reported resignation of Matthew R. Ciardiello as Vice President - Chief Financial Officer, Treasurer, and Corporate Secretary. Mr. Lafargue has served as the Company’s Senior Vice President of Strategy and Business Development and Chief Commercial Officer since October 2014, and he previously served as the Company’s Vice President - Chief Financial Officer and Treasurer from August 2010 to October 2014.

J. Thomas Wilson, President and CEO of the Company, stated: "Matt wanted to develop his career in a different industry and at a company backed by private equity investors, with which he had prior experience. Matt has been a valuable member of our team and we wish him well in his new endeavor. While we are collecting the results of the CO2 project at Poplar, we will rely on the Company’s existing resources to execute our current strategy. I know that Antoine will transition seamlessly back into the role of CFO, a position he has held previously with Magellan.”


CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS
Statements in this press release, including forecasts or projections that are not historical in nature, are intended to be, and are hereby identified as, forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. The words "anticipate", "assume", "believe", "budget", "estimate", "evaluate", "expect", "forecast", "intend", "should", "initial", "plan", "project", and similar expressions are intended to identify forward-looking statements. These statements about the Company may relate to its businesses and prospects, planned capital projects and expenditures, increases or decreases in oil and gas production and





reserves, estimates regarding resource potential, revenues, expenses and operating cash flows, and other matters that involve a number of uncertainties that may cause actual results to differ materially from expectations. Among these risks and uncertainties are the following: the growth potential of our Company and its various projects; the future share price of the Company’s common stock; the uncertainties associated with our planned CO2-EOR program at Poplar, including uncertainties about the technical and economic viability of CO2-EOR techniques at Poplar; the uncertain nature of the anticipated value and underlying prospects of our UK acreage position; and other matters discussed in the "Risk Factors" section of the Company's most recent Annual Report on Form 10K. Any forward-looking information provided in this release should be considered with these factors in mind. The Company assumes no obligation to update any forward-looking statements contained in this press release, whether as a result of new information, future events, or otherwise, except as required by securities law.

ABOUT MAGELLAN
Magellan Petroleum Corporation is an independent oil and gas exploration and production company focused on the development of CO2-EOR projects in the Rocky Mountain region. Historically active internationally, Magellan also owns significant exploration acreage in the Weald Basin, onshore UK, and an exploration block, NT/P82, in the Bonaparte Basin, offshore Northern Territory, Australia, which the Company currently plans to farmout. Our strategy is to enhance shareholder value by maximizing the value of our CO2-EOR business and our international projects. We are committed to efficiently investing financial, technical, and management capital in our projects in order to achieve the greatest risk-adjusted value and returns for our shareholders. Magellan routinely posts important information about the Company on its website at www.magellanpetroleum.com.


For further information, please contact:
Antoine Lafargue
Senior Vice President - CFO, Treasurer, and Corporate Secretary
720.484.2404
IR@magellanpetroleum.com





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