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Form of Amendment To Stock Option Agreement

This is an actual contract by Magellan Petroleum.

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Sectors: Energy
Effective Date: January 01, 2008
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Exhibit 10.2 FIRST AMENDMENT TO MAGELLAN PETROLEUM CORPORATION NONQUALIFIED STOCK OPTION Whereas , Magellan Petroleum Corporation, a Delaware corporation (the " Company" ), and the undersigned individual (the " Participant" ), have previously entered into an option award agreement dated as of November 28, 2005 (the " Option Agreement" ) which evidenced a stock option award (the " Option" ) made by the Company to the Optionee under the Company' s 1998 Stock Option Plan (the " Plan" ); Whereas , the Company and the Participant wish to a
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