BRIEF-Magellan to sell Australia assets for A$35 mln

Feb 18 (Reuters) - Magellan Petroleum Corp MPET.O :

* Signs definitive agreement for sale of onshore Australia assets for AUD $35.0

million

* Says A$20.0 million is payable in cash and A$15.0 million is payable in

Central stock

* Expects to incur no tax liabilities, about A$1 million of transaction costs,

and about A$2.0 million of related wind-down expenses

* Source text for Eikon News Search ID:nEOL1Qg3jT

* Further company coverage MPET.O

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