Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  wilson j thomas
 2. Date of Event Requiring Statement (Month/Day/Year)
07/09/2009		 3. Issuer Name and Ticker or Trading Symbol
MAGELLAN PETROLEUM CORP /DE/ [MPET]
(Last)
(First)
(Middle)
720 EMERSON STREET		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
07/21/2009
(Street)

DENVER, CO 80218		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Non-qualified stock option (right to buy) (1)   (2) 02/02/2019 Common Stock 262,500 $ 1.2 D  
Non-qualified stock option (right to buy) (1)   (3) 02/02/2019 Common Stock 125,000 $ 1.2 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
wilson j thomas
720 EMERSON STREET
DENVER, CO 80218		   X      

Signatures

J Thomas Wilson 09/15/2009
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The reporting person was awarded 262,500 time-based options and 125,000 performance based options on February 2, 2009. The options were expressly conditioned upon the receipt of shareholder approval of the replenishment and amendment and restatement of the Issuer's 1998 Stock Incentive Plan, which shareholder approval was obtained on May 27, 2009, and upon the closing of the Issuer's investment transactions with Young Energy Prize S.A., which occured on July 9, 2009. The reporting person's initial Form 3 filed on July 21, 2009, did not include the options.
(2) The time-based options awarded on February 2, 2009 vest as follows: 87,500 options vest in full on February 2, 2010; 87,500 options vest in full on February 2, 2011; and 87,500 options vest in full on February 2, 2012.
(3) The performance-based options awarded on February 2, 2009 shall vest in full upon the attainment of either of the following mutually acceptable performance goals; (i) upon monetizing the uncontracted gas reserves held by Magellan Petroleum Australia Limited (the Issuer's wholly-owned subsidiary), at the Amadeus Basin fields; or (ii) upon the closing price of the Issuer's common stock being at or above $1.50 per share of stock for a period of sixty (60) consecutive trading days.

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