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It is quite unfortunate that we have been faced with long delays but we are pleased with the progress to date and anticipate production to begin in May 2009. The compressor has been set in by Citizens Gas and we are in the process of tying in our lines to begin production. TMD Energy Inc has done an incredible job meeting and working with Citizens Gas representatives to resolve our issue with this well and will continue to focus on the production and revenue phase of the Robert Anderson Lease. We anticipate that "Blending" the gas will ultimately reduce our BTU levels allowing us to continue with gas sales from this well. We are not alone on this, this area has several other wells facing the same issue and by working together we have tackled this problem and look forward to placing this well into production. The next coming weeks will be an exciting time for Magellan and its shareholders as we prepare to take in long awaited revenues from this well. It has been a trying time for all of us but we continue to work extremely hard in achieving a positive future for Magellan and its shareholders.

About Magellan Energy: Magellan Energy is a publicly traded independent oil and gas company (PINKSHEETS: MGLG). The company is actively acquiring oil and gas leases, producing properties, mineral rights, and surface interests in Tennessee and Oklahoma. Once acquired, the company intends to develop each property to maximize the income from each property by re-establishing production, refurbishing and improving the existing production and operations.

Forward-Looking Statements: The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements.

Magellan Energy Ltd. Announces Work Completion on the Thomas Martin Lease

finance.yahoo.com/news/...nergy-Ltd-Announces-iw-15228383.html

TORONTO--(MARKET WIRE)--May 13, 2009 -- Magellan Energy Ltd. (Other OTC:MGLG.PK - News), an independent oil and gas company, announces that it has completed all preliminary work on the Thomas D. Martin Lease in Morgan County, Tennessee.

Citizens Gas has placed a large compressor where its Burrville gathering system ties into a 350 lb. pressure line. Citizens Gas receives its gas supply from the east Tennessee gas pipeline and from various local gas producing wells in Scott, Morgan, Fentress and Anderson counties, and will be "blending" the gas from all other wells in these counties to lower the BTU levels. All operators in the area have agreed to pay for the compressor lease.

The line carries nearly 10 million cubic feet a day. The blending process for the high BTU gas from the Burrville system will ensure that the BTUs will not exceed the critical 1100 level. Magellan intends to sell gas through this system from both the Martin and the Anderson leases.

While Magellan is close to the production on the Martin lease and, therefore, close to realizing revenues, estimation on gas production output is not currently available as initial results from the blending process are still pending. The Anderson well will eventually also be transporting its gas to market through this system.

Magellan's focus is on achieving the ability to sell the gas first hand, which will be complemented by production numbers. In addition to the gas sales, the Company anticipates an increase in oil production due to the added gas production coming from this well.

The Company is pleased with its progress to date, and is extremely optimistic about our prospects going forward. We would like to thank our loyal shareholders for their patience and support as we enter this next phase of our business.

About Magellan Energy: Magellan Energy is a publicly traded independent oil and gas company (Other OTC:MGLG.PK - News). The company is actively acquiring oil and gas leases, producing properties, mineral rights, and surface interests in Tennessee and Oklahoma. Once acquired, the company intends to develop each property to maximize the income from each property by re-establishing production, refurbishing and improving the existing production and operations.

The long delay in resolving this issue can be attributed to a number of factors. Many parties were affected by the shut-in and each had to be part of negotiating the solution; many logistical issues had to be addressed; and in the end, the solution had to satisfy federal guidelines.

Work has virtually been completed on the wells and the production phase will commence very shortly. In order to gauge volumes, and therefore, revenues, we must let the gas run through the lines to achieve consistency in gas flow to obtain a true estimation of what is pushing through the lines. Consumption = Sales = Revenues. A meter placed on each well will measure the volume. The production must carry on for at least a week to achieve average volumes. An added benefit of gas production commencing is that the process will also increase oil production on the wells. As these values are established, Magellan will update its shareholders.

Magellan is gearing up for production at a time when the U.S. economy may have reached a turning point in the current recession, at least in some sectors and the overall outlook for natural gas seems to be optimistic. The Obama administration's energy policy hinging on reducing dependence on foreign energy, especially oil, is encouraging at a time when Magellan's natural gas and oil production is set to expand.

This is an exciting time for Magellan. While we certainly have faced challenges in our existing projects, we have worked diligently to overcome them and progress is being made on all of our properties.

We remain committed to creating shareholder value through development, efficient operations and strategic acquisitions.

Management.

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