UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G/A
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO ss. 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO
FILED PURSUANT TO ss.240.13d-2
(AMENDMENT NO.1)*
MAGELLAN PETROLEUM CORPORATION
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(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
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(Title of Class of Securities)
559091301
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(CUSIP Number)
December 31, 2015
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[x] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP NO. 559091301 13G
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1 NAME OF REPORTING PERSON
Hammer Wealth Group Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
536,692 shares (1)
NUMBER OF -----------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0 shares
EACH -----------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 536,692 shares (1)
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
536,592 shares*
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.41%
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12 TYPE OF REPORTING PERSON*
IA
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(1) The reporting person disclaims beneficial ownership of these securities
except to the extend of its equity interest therein.
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Item 1(a) Name of Issuer:
Magellan Petroleum Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
1775 Sherman Street, Suite 1950
Denver, CO 80203
Item 2(a) Name of Person Filing:
Hammer Wealth Group Inc.
Item 2(b) Address of the Principal Office or, if none, Residence:
330 Forest Ave., Suite 201
Locust Valley, NY 11560
Item 2(c) Citizenship:
United States
Item 2(d) Title of Class of Securities:
Common Stock, $0.01 par value
Item 2(e) CUSIP Number:
559091301
Item 3 If the Statement is being filed pursuant to Rule
13d-1(b), or 13d-2(b), check whether the person filing
is a:
(e) [X] An investment advisor in accordance with
section 240.13d-1(b)(1)(ii)(E)
Item 4 Ownership:
Provide the following information regarding the
aggregate number and percentage of the class of
securities of the issuer identified in Item 1.
(a) Amount Beneficially Owned:
See item 9 of the cover page.
(b) Percent of Class:
See item 11 of the cover page.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See items 5-8 of the cover page.
(ii) Shared power to vote or to direct the vote:
See items 5-8 of the cover page.
(iii) Sole power to dispose or to direct the
disposition of:
See items 5-8 of the cover page.
(iv) Shared power to dispose or to direct the
disposition of:
See items 5-8 of the cover page.
The percentages of beneficial ownership shown herein are based on 5,702,532
shares of Common Stock of the issuer issued and outstanding as of November 6,
2015 as reported on Form 10-Q filed on November 13, 2015. The issuer effected a
one-for-eight reverse split of the issuer's Common Stock on July 10, 2015.
PAGE 3 OF 5
Item 5 Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that
as of the date hereof the reporting person has ceased to
be the beneficial owner of more than five percent of the
class of securities, check the following. [ ]
Instruction: Dissolution of a group requires a response to this item.
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
Not applicable.
Item 7 Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company or
Control Persons:
Not applicable.
Item 8 Identification and Classification of Members of the Group:
Not applicable.
Item 9 Notice of Dissolution of Group:
Not applicable.
Item 10 Certification:
By signing below each party certifies that, to the best of its
knowledge and belief, the securities referred to above were not
acquired and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the securities
and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
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SIGNATURES
After reasonable inquiry and to the best of its knowledge and belief, the
undersigned hereby certifies that the information set forth in this statement is
true, complete and correct.
Dated: February 10, 2016
Hammer Wealth Group Inc.
By: /s/ William Hammer, Sr.
--------------------------------
William Hammer, Sr.
Title: Chairman
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001)
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