<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 23)
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) 220-6300
(Name, Address, and Telephone Numbers of Person
Authorized to Receive Notices and Communications)
November 21, 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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<PAGE> 2
---------------------
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 1,715,643
EACH ----------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ----------------------------------------
10 SHARED DISPOSITIVE POWER
1,715,643
------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,715,643
------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.0%
------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
------------------------------------------------------------
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<PAGE> 3
---------------------
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 1,715,643
EACH ----------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ----------------------------------------
10 SHARED DISPOSITIVE POWER
1,715,643
------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,715,643
------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.0%
------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
------------------------------------------------------------
<PAGE>
<PAGE> 4
---------------------
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 1,715,643
EACH ----------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ----------------------------------------
10 SHARED DISPOSITIVE POWER
1,715,643
------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,715,643
------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.0%
------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
------------------------------------------------------------
<PAGE>
<PAGE> 5
---------------------
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 1,715,643
EACH ----------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ----------------------------------------
10 SHARED DISPOSITIVE POWER
1,715,643
------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,715,643
------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.0%
------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
------------------------------------------------------------
<PAGE>
<PAGE> 6
This Amendment No. 23 (this "Amendment") is filed to
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,
Amendment No. 20, dated October 25, 1995, Amendment No. 21, dated
November 1, 1995, and Amendment No. 22, dated November 13, 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
$.01 per share ("Shares"), of Magellan Petroleum Corporation, a
Delaware corporation (the "Company").
Item 5. Interest in Securities of the Subject Company.
Item 5 of the Schedule 13D is hereby amended and
supplemented as follows:
Based on information contained in the most recent publicly
available filings of the Company with the Securities and Exchange
Commission, each of Boral, SAGASCO, SAGASCO NT and Amadeus may be
deemed to beneficially own the number of Shares listed in response to
Item 11 of the cover page filed herewith relating to such person. In
addition, the number of Shares which may be deemed beneficially owned
by each such person with respect to which such person (i) has sole
voting power, (ii) shares voting power, (iii) has sole dispositive
power and (iv) shares dispositive power, are listed in the responses to
Items 7, 8, 9 and 10, respectively, of the cover page filed herewith
relating to such person.
Set forth on Schedule A is a description of all
transactions in Shares effected by Amadeus since November 10, 1995.
All of such transactions were open market sales of Shares.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this statement
is true, complete and correct.
Dated: November 22, 1995
BORAL LIMITED
By: /s/ Michael B. Scobie
Name: Michael B. Scobie
Title: Company Secretary
SAGASCO HOLDINGS LIMITED
By: /s/ Edward J. Cook
Name: Edward J. Cook
Title: Director
SAGASCO NT PTY LTD
By: /s/ Edward J. Cook
Name: Edward J. Cook
Title: Director
SAGASCO AMADEUS PTY LTD
By: /s/ Edward J. Cook
Name: Edward J. Cook
Title: Director
<PAGE>
<PAGE> 8
SCHEDULE A
<TABLE>
<CAPTION>
<S> <C> <C>
Date of Transaction Number of Shares Price per Share (US$)
13 November 1995 23,600 2.6600
14 November 1995 37,335 2.5085
15 November 1995 41,803 2.4030
16 November 1995 36,704 2.3831
17 November 1995 37,300 2.4113
20 November 1995 41,804 2.4716
5,000 2.5112
21 November 1995 56,350 2.6037
TOTAL 279,896
</TABLE>
