<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 21)
MAGELLAN PETROLEUM CORPORATION
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
(Title of Class of Securities)
0005590911
(CUSIP Number)
Michael B. Scobie
Boral Limited
Level 39
50 Bridge Street
Sydney NSW 2000 Australia
011 (612) 232-6300
(Name, Address, and Telephone Numbers of Person
Authorized to Receive Notices and Communications)
November 1, 1995
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the
following box: [ ]
Check the following box if a fee is being paid with this statement: [ ]
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- ---------------------
CUSIP NO. 0005590911
- ---------------------
- ------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Boral Limited
ACN 000 051 696
- ------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- ------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- ------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- ------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New South Wales, Commonwealth of Australia
- ------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ----------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,269,345
EACH ----------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ----------------------------------------
10 SHARED DISPOSITIVE POWER
2,269,345
- ------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,269,345
- ------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- ------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2%
- ------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- ------------------------------------------------------------
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- ---------------------
CUSIP NO. 0005590911
- ---------------------
- ------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SAGASCO Holdings Limited
- ------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- ------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- ------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- ------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
South Australia, Commonwealth of Australia
- ------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ----------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,269,345
EACH ----------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ----------------------------------------
10 SHARED DISPOSITIVE POWER
2,269,345
- ------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,269,345
- ------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- ------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2%
- ------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- ------------------------------------------------------------
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- ---------------------
CUSIP NO. 0005590911
- ---------------------
- ------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SAGASCO NT Pty Ltd
- ------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- ------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- ------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- ------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
South Australia, Commonwealth of Australia
- ------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ----------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,269,345
EACH ----------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ----------------------------------------
10 SHARED DISPOSITIVE POWER
2,269,345
- ------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,269,345
- ------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- ------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2%
- ------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- ------------------------------------------------------------
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- ---------------------
CUSIP NO. 0005590911
- ---------------------
- ------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SAGASCO Amadeus Pty Ltd
- ------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- ------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- ------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- ------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
South Australia, Commonwealth of Australia
- ------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ----------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,269,345
EACH ----------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ----------------------------------------
10 SHARED DISPOSITIVE POWER
2,269,345
- ------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,269,345
- ------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- ------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2%
- ------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- ------------------------------------------------------------
<PAGE>
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This Amendment No. 21 (this "Amendment") is filed to correct,
supplement and amend the information set forth in the Schedule 13D, dated
September 11, 1992 (the "Original Schedule 13D"), as amended by Amendment
No. 1, dated September 15, 1992, Amendment No. 2, dated January 29, 1993,
Amendment No. 3, dated May 12, 1993, Amendment No. 4, dated June 10, 1993,
Amendment No. 5, dated June 16, 1993, Amendment No. 6, dated June 22, 1993,
Amendment No. 7, dated July 1, 1993, Amendment No. 8, dated July 12, 1993,
Amendment No. 9, dated July 21, 1993, Amendment No. 10, dated July 23,
1993, Amendment No. 11, dated August 27, 1993, Amendment No. 12, dated
September 1, 1993, Amendment No. 13, dated September 2, 1993, Amendment No.
14, dated September 29, 1993, Amendment No. 15, dated October 13, 1993,
Amendment No. 16, dated October 14, 1993 and Amendment No. 17, dated
October 28, 1993, filed by SAGASCO Holdings Limited ("SAGASCO"), SAGASCO NT
Pty. Ltd. ("SAGASCO NT") and SAGASCO Amadeus Pty. Ltd. ("Amadeus") and
Amendment No. 18, dated November 23, 1993, Amendment No. 19, dated December
3, 1993, and Amendment No. 20, dated October 25, 1995, filed by Boral
Limited ("Boral"), SAGASCO, SAGASCO NT and Amadeus (the Original Schedule
13D as so amended being hereinafter referred to as the "Schedule 13D") with
respect to shares of Common Stock, par value $.01 per share ("Shares"), of
Magellan Petroleum Corporation, a Delaware corporation (the "Company").
Item 4. Purpose of the Transaction
Item 4 of the Schedule 13D is hereby amended and supplemented
as follows:
Boral, SAGASCO, SAGASCO NT and Amadeus have a current intention
to sell additional Shares as market conditions permit at prices they deem
attractive. However, there can be no assurance that Boral, SAGASCO,
SAGASCO NT and Amadeus will deem current or future market prices to be
attractive, that they will sell any Shares at specific prices or that if
they sell any Shares at particular prices that they will continue to sell
Shares at or above such prices. Boral, SAGASCO, SAGASCO NT and Amadeus
have not made a determination as to the aggregate number of Shares they
currently intend to sell. Boral, SAGASCO, SAGASCO NT and Amadeus will
continue to evaluate their investment in Shares on an ongoing basis and,
based on such review, may increase or decrease their investment in Shares
through any available means, including, in inter alia, open market
purchases or sales or privately negotiated transactions.
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Item 5. Interest in Securities of the Subject Company.
Item 5 of the Schedule 13D is hereby amended and supplemented
as follows:
Based on information contained in the most recent publicly
available filings of the Company with the Securities and Exchange
Commission, each of Boral, SAGASCO, SAGASCO NT and Amadeus may be deemed to
beneficially own the number of Shares listed in response to Item 11 of the
cover page filed herewith relating to such person. In addition, the number
of Shares which may be deemed beneficially owned by each such person with
respect to which such person (i) has sole voting power, (ii) shares voting
power, (iii) has sole dispositive power and (iv) shares dispositive power,
are listed in the responses to Items 7, 8, 9 and 10, respectively, of the
cover page filed herewith relating to such person.
Set forth on Schedule A is a corrected description of all
transactions in Shares effected by Amadeus during the sixty days preceding
the filing of Amendment No. 20 to the Schedule 13D and a description of all
transactions in Shares effected by Amadeus since the filing of Amendment
No. 20 to the Schedule 13D. All of such transactions were open market
sales of Shares.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: November 1, 1995
BORAL LIMITED
By: /s/ Michael B. Scobie
Name: Michael B. Scobie
Title: Company Secretary
SAGASCO HOLDINGS LIMITED
By: /s/ Edward J. Cook
Name: Edward J. Cook
Title: Director
SAGASCO NT PTY LTD
By: /s/ Edward J. Cook
Name: Edward J. Cook
Title: Director
SAGASCO AMADEUS PTY LTD
By: /s/ Edward J. Cook
Name: Edward J. Cook
Title: Director
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SCHEDULE A
<TABLE>
<CAPTION>
<S> <C> <C>
Date of Transaction Number of Shares Price per Share (US$)
12 October 1995 100,000 3.7500
13 October 1995 10,295 3.5000
16 October 1995 103,925 3.3000
17 October 1995 72,150 3.0938
18 October 1995 100,000 3.1047
121,849 3.1047
19 October 1995 100,000 3.3771
18,400 3.3771
20 October 1995 69,281 3.2100
23 October 1995 44,362 3.2311
24 October 1995 32,225 3.1560
25 October 1995 54,742 3.1337
26 October 1995 41,125 3.0455
27 October 1995 49,050 3.0723
30 October 1995 28,700 3.0833
31 October 1995 52,200 3.0545
1 November 1995 38,220 3.0500
TOTAL 1,036,524
</TABLE>
