Magellan Petroleum Corporation is an oil and gas exploration and production company, which focuses on the development of carbon dioxide (CO2) enhanced oil recovery (CO2-EOR) projects in the Rocky Mountain region. The Company owns exploration acreage in the Weald Basin, and an exploration block, NT/P82, in the Bonaparte Basin, offshore Northern Territory in Australia. The Company has three geographic segments, NP, MPUK and MPA, corresponding to its operations in the United States, the United Kingdom and Australia. The Company's NP's oil and gas assets consist of interests in Poplar in the Williston Basin. Its MPUK's oil and gas assets consist of various exploration licenses in or adjacent to the Weald Basin located onshore and offshore southern England. The Company's MPA's oil and gas assets consist of NT/P82, an exploration block in the Bonaparte Basin, offshore Australia, and an 11% ownership interest in Central.