Tellurian Inc. continues to build its integrated global natural gas business. During the third quarter of 2020, Tellurian raised $32.8 million in net proceeds through issuances of common stock, reduced debt by $33.9 million and extended the Term Loan maturity to March 2022. Natural gas production for the third quarter was approximately 4.1 billion cubic feet equivalent and remained flat with an exit rate of 47 million [...]
Tellurian Inc. continues to build its integrated global natural gas business. Notable Tellurian achievements during the second quarter of 2020 and thereafter included raising $57.5 million in net proceeds through issuances of common stock. Pro forma cash and cash equivalents as of quarter end would be approximately $122.9 million after giving effect to financing transactions executed during July. President and CEO Meg [...]
Tellurian Inc. today announced that it has entered into a securities purchase agreement with certain institutional investors for the sale of 35,000,000 shares of common stock at a price of $1.00 per share for total gross proceeds of $35,000,000. The offering will generate net cash proceeds of approximately $32.5 million after deducting estimated expenses in connection with the offering. The registered direct offering is [...]
Tellurian Inc. announced today that the Board of Directors has named Charif Souki Executive Chairman of Tellurian. Souki has been Tellurian’s non-executive Chairman since founding the company in February 2016. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200622005753/en/ Charif Souki Executive Chairman Tellurian Inc. President and CEO Meg Gentle said, “Demand [...]
Tellurian Inc. announced today that CEO Meg Gentle will present at the J.P. Morgan 2020 Energy, Power & Renewables Conference at 3:40 p.m. on Tuesday, June 16, 2020. The virtual conference webcast is available on the J.P. Morgan website and via the direct link. Tellurian’s presentation will be available on Tellurian’s website at www.tellurianinc.com. About Tellurian Inc. Tellurian intends to create value for shareholders [...]
Tellurian Inc. continues to build its integrated global natural gas business. Notable Tellurian achievements during the first quarter of 2020 and thereafter: Reduced corporate overhead to approximately $6 million per month to begin in June. Raised $50 million in gross proceeds through issuance of $56 million zero coupon, unsecured notes in April 2020. Amended 2019 Term Loan, reducing the principal balance by $22.1 million [...]
Tellurian Inc. announced today it has executed an agreement to sell $56 million of zero coupon, unsecured notes for gross proceeds of $50 million and provide the lender with warrants to purchase up to 20 million shares of Tellurian common stock, subject to customary closing conditions. In conjunction with this financing, Tellurian has also entered into an agreement to amend its 2019 Term Loan, including a reduction of the [...]
Tellurian Inc. announced today it has entered into an agreement to amend the terms of its 2019 Term Loan, including an 18-month extension of the maturity date to November 23, 2021. President and CEO Meg Gentle said, “As announced in early March, we are making necessary changes amid challenging global conditions. We have restructured the organization and entered into an agreement to extend our Term Loan maturity to [...]
Tellurian Inc. President and Chief Executive Officer Meg Gentle today announced two new executive leadership team members. Kian Granmayeh, formerly Director of Investor Relations, is now Tellurian’s Chief Financial Officer, responsible for financial strategy and liquidity, replacing Antoine Lafargue who will join the marketing group as Senior Vice President of LNG Marketing to advance commercialization of the [...]
Tellurian Inc. announced today it intends to reduce corporate spending and reorganize financing for its 2019 term loan as it prepares for uncertain market conditions. President and CEO Meg Gentle said, “Given current global financial market conditions and increasing restrictions on travel caused by the onset of coronavirus, we are taking the steps necessary to focus on preserving the value we have created at [...]
Tellurian Inc. announced today it has extended its Memorandum of Understanding with Petronet LNG Limited pursuant to which Petronet and its affiliates intend to negotiate the purchase of up to five million tonnes per annum of liquefied natural gas from the Driftwood project, concurrent with an equity investment in Driftwood Holdings. The MOU signed in September 2019 previously contemplated that transaction agreements [...]
Tellurian Inc. continued to build its integrated global natural gas business and concluded 2019 with momentum on commercialization and development of its first project, Driftwood LNG. President and CEO Meg Gentle said, “In 2019, Tellurian secured equity partners for the Driftwood project, advanced engineering and site testing, and finalized critical permits, making Driftwood LNG shovel ready for 2020. We plan to [...]
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