<ARTICLE>                     5
<LEGEND>
     (Replace this text with the legend)
</LEGEND>
<CIK>                         0000061398
<NAME>                        Magellan Petroleum Corporation
<MULTIPLIER>                   1
<CURRENCY>                     U.S. Dollars
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>               JUN-30-1996
<PERIOD-START>                  JUL-01-1995
<PERIOD-END>                    JUN-30-1996
<EXCHANGE-RATE>                         1
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<SECURITIES>                            0
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<ALLOWANCES>                            0
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<PP&E>                         69,570,886
<DEPRECIATION>                 26,053,222
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<CURRENT-LIABILITIES>           4,526,356
<BONDS>                                 0
<PREFERRED-MANDATORY>                   0
<PREFERRED>                             0
<COMMON>                          246,912
<OTHER-SE>                     21,724,927      
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<LOSS-PROVISION>                        0
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