8-K

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): December 14, 2011 (December 8, 2011)

Magellan Petroleum Corporation

(Exact Name of Registrant as Specified in Its Charter)

Delaware

(State or Other Jurisdiction of Incorporation)

1-5507	06-0842255
(Commission File Number)	(IRS Employer Identification No.)
7 Custom House Street, 3rd Floor, Portland, ME	04101
(Address of Principal Executive Offices)	(Zip Code)

207-619-8500

(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. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)

Item 5.07 Submission of Matters to a Vote of Security Holders

The Company held its 2011 Annual Meeting on December 8, 2011, in Denver (Broomfield), CO. The following three Class II directors were elected to the 8-member Board of Directors: (a) Nikolay V. Bogachev, a director since 2009 and the Chairman and Chief Executive Officer of Young Energy Prize, s.a., the Company’s strategic investor; (b) William H. Hastings, the Company’s Senior Advisor for Business Development and its former President and Chief Executive Officer; and (c) J. Thomas Wilson, a director since 2009 and the Company’s current President and Chief Executive Officer. Each of these directors will serve a term of office of three years, expiring at the annual meeting of shareholders to be held in 2014.

The certified results of the matters voted upon at the meeting, which are more fully described in the Company’s 2011 Proxy Statement, are as follows:

	For		Withheld		Broker Non-Votes
Election of Directors
Nikolay V. Bogachev		24,922,247		3,308,191		19,885,564
William H. Hastings		26,187,052		2,043,387		19,885,564
J. Thomas Wilson		26,175,247		2,055,191		19,885,564

	For		Against		Abstain		Broker Non-Votes
Proposed non-binding advisory resolution regarding approval of the compensation of our named executive officers.		18,479,166		8,815,933		935,339		19,885,564

	One Year		Two Years		Three Years		Abstain		Broker Non-Votes
Proposed frequency of the non-binding shareholder vote regarding the approval of the compensation of our named executive officers.		25,267,741		253,457		2,344,368		364,873		19,885,564

	For		Against		Abstain		Broker Non-Votes
Ratification of the Appointment of Ehrhardt Keefe Steiner & Hottman PC as the independent registered public accounting firm of the Company for the fiscal year ending June 30, 2011.		47,408,725		419,088		288,190		0

Item 8.01 Other Events

Company Press Release

On December 12, 2011, the Company issued a press release announcing the voting results of shareholders at the 2011 Annual Meeting held on December 8, 2011 in Denver (Broomfield), CO. A copy of the Company’s press release is filed herewith as Exhibit 99.1 and is hereby incorporated by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

The following document is filed herewith as an exhibit:

Exhibit No.	Description
99.1	Company press release dated December 12, 2011.

SIGNATURES

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

MAGELLAN PETROLEUM CORPORATION
By:	/s/ J. Thomas Wilson
	Name: J. Thomas Wilson
	Title: President and Chief Executive Officer

Dated: December 14, 2011

EXHIBIT INDEX

Exhibit No.	Description
99.1	Company press release dated December 12, 2011.

EX-99.1

Exhibit 99.1

12/12/11

MAGELLAN PETROLEUM CORPORATION

ANNOUNCES VOTING RESULTS OF 2011

ANNUAL MEETING OF SHAREHOLDERS

PORTLAND, Maine, December 12, 2011 — Magellan Petroleum Corporation (the “Company”) (NASDAQ: MPET) (ASX: MGN) announced that the Company held its 2011 annual meeting of shareholders on December 8, 2011, in Denver (Broomfield), Colorado. Shareholders supported the Board of Directors’ recommendation on each of the four Company proposals presented at the meeting and voted to:

(a) re-elect Nikolay V. Bogachev, William H. Hastings and J. Thomas Wilson as Class II directors of the Company, each to serve a term of office of three years, expiring at the annual meeting of shareholders to be held in 2014;

(b) approve, on a non-binding advisory basis, the compensation of our named executive officers as described in the Company’s 2011 Proxy Statement;

(c) consider, on a non-binding advisory basis, the compensation of our named executive officers annually; and

(d) ratify the appointment of Ehrhardt Keefe Steiner & Hottman PC as the independent registered public accounting firm of the Company for the fiscal year ending June 30, 2012.

About Magellan

Magellan is a US-based energy company principally engaged in the acquisition, exploration, development and production of overlooked crude oil and “stranded” natural gas reserves. Magellan’s strategy involves the exploitation of already discovered oil and natural gas properties worldwide into non-traditional, growing markets. The company’s properties and exploration acreage are located primarily in Australia, the United Kingdom, and the United States.

For further information, please contact:

J. Thomas Wilson, President and Chief Executive Officer of Magellan, (207) 619-8500

Antoine Lafargue, Vice President - Chief Financial Officer of Magellan, (207) 619-8500