Magellan Announces Strategic Merger and Enters the LNG Business | Tellurian Co-founders Charif Souki to become Chairman, Martin Houston President

Magellan Petroleum Corporation (NASDAQ: MPET) (“Magellan”) today announced that it has entered into a definitive merger agreement with Tellurian Investments Inc. (“Tellurian”), a recently formed private company focused on the development of a mid-scale liquefied natural gas (“LNG”) facility on the U.S. Gulf Coast. Tellurian is led by Charif Souki, former founder, Chairman, and CEO of Cheniere Energy, Inc. and Martin Houston, former COO of BG Group plc.

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