Exhibit 21

SUBSIDIARIES OF THE REGISTRANT

Subsidiary	State of Incorporation	Ownership
Magellan Petroleum Australia Limited	Queensland, Australia		100	%
Magellan Petroleum Australia Limited owns the following subsidiaries directly or indirectly:
Magellan Petroleum (N.T.) Pty. Ltd.	Queensland, Australia		100	%
Paroo Petroleum Pty. Ltd.	Queensland, Australia		100	%
Paroo Petroleum (Holdings), Inc.	Delaware, U.S.A.		100	%
Paroo Petroleum (USA), Inc.	Delaware, U.S.A.		100	%
Magellan Petroleum (W.A.) Pty. Ltd.	Queensland, Australia		100	%
Magellan Petroleum (Eastern) Pty. Ltd.	Queensland, Australia		100	%
Magellan Petroleum (Southern) Pty. Ltd.	Queensland, Australia		100	%
Magellan Petroleum (NZ) Limited	New Zealand		100	%
United Oil & Gas Co. (N.T.) Pty. Ltd.	Queensland, Australia		100	%
Magellan Petroleum (Qld.) Pty. Ltd.	Queensland, Australia		80	%
Magellan Petroleum (Ventures) Pty. Ltd.	Queensland, Australia		100	%
Jarl Pty. Ltd.	Queensland, Australia		100	%