Mark Brannum Resigned as General Counsel at Magellan Petroleum

Date of management change: July 22, 2014 

What Happened?

Denver, CO-based Magellan Petroleum has announced the Resignation of Mark Brannum as General Counsel

 

About the Company

Magellan Petroleum Corporation is an independent oil and gas exploration and production company focused on the development of a CO2-enhanced oil recovery ("CO2-EOR") program at Poplar Dome in eastern Montana and the exploration of unconventional hydrocarbon resources in the Weald Basin, onshore UK. Magellan also owns an exploration block, NT/P82, in the Bonaparte Basin, offshore Northern Territory, which the Company currently plans to farm-out; and an 11% ownership stake in Central Petroleum Limited (ASX: CTP), a Brisbane based junior exploration and production company that operates one of the largest holdings of prospective onshore acreage in Australia. The Company conducts its operations through three wholly owned subsidiaries corresponding to the geographies in which the Company operates: Nautilus Poplar LLC ("NP") in the US, Magellan Petroleum (UK) Limited ("MPUK"), and Magellan Petroleum Australia Pty Ltd ("MPA"). Our strategy is to enhance shareholder value by maximizing the value of our existing assets. Our portfolio of operations includes several early stage oil and gas exploration and development projects, the successful development of which requires significant capital, as well as significant engineering and management resources. We are committed to investing in these projects to establish their technical and economic viability. In turn, we are focused on determining the most efficient way to create the greatest value and highest returns for our shareholders. Magellan was founded in 1957 and incorporated in Delaware in 1967. The Company`s common stock has been trading on the NASDAQ since 1972 under the ticker symbol "MPET.

 

About the Person

Mark Brannum comes from SM Energy Company, where he served as Senior Legal Counsel and Secretary from 2007 to 2011 and Deputy General Counsel from 2011 to 2012. Prior to his time at SM Energy, Mr. Brannum was a shareholder with Winstead P.C., a large business law firm headquartered in Dallas, Texas. In 2005, he was named Chair of the Bankruptcy Section and Business Restructuring Practice Group. Mr. Brannum received his Bachelor of Arts degree from the University of Central Oklahoma and his Juris Doctor degree from the University of Oklahoma College of Law. Mr. Brannum is a member of the State Bar of Oklahoma (1994), State Bar of Texas (1995), and the American Bar Association. He also serves on the Special Institute Committee for the Rocky Mountain Mineral Law Foundation.

 

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