Executive Chairman Charif Souki recaps our recent developments on the following actions:
1️⃣ Agreement with Shell to finalize commercial efforts for the Driftwood Project Phase 1
2️⃣ Sanitized the balance sheet
3️⃣ Resumed drilling efforts and increasing future production
4️⃣ We expect to triple production by end of year
5️⃣ Financing to raise ~$100 million, giving Tellurian an opportunity to sell ~40 million shares to institutional investors
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Guest: Charif Souki | Chairman, Tellurian Inc.
Production: Allison Clark | Manager, Marketing
#Tellurian intends to create value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide. Tellurian is developing a portfolio of natural gas production and has nearly 100 drillable locations with an estimated one trillion cubic feet of net resource. It is also developing an LNG trading operation and infrastructure that includes an ~ 27.6 mtpa #LNG export facility and an associated pipeline. Tellurian is based in Houston, Texas, and its common stock is listed on the #Nasdaq Capital Market under the symbol “TELL”.
CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS
This presentation contains forward-looking statements within the meaning of U.S. federal securities laws. The words “anticipate,” “assume,” “believe,” “budget,” “estimate,” “expect,” “forecast,” “initial,” “intend,” “may,” “plan,” “potential,” “project,” “proposed,” “should,” “will,” “would,” and similar expressions are intended to identify forward-looking statements. Forward-looking statements herein relate to, among other things, commercial demand, production, commodity prices, cash flows and revenue, investor relations matters, potential acquisitions, and a notice to proceed with the Driftwood Project and the timing of that notice. The forward-looking statements are subject to numerous risks and uncertainties. These risks and uncertainties include the matters discussed in Item 1A of Part I of the Annual Report on Form 10-K of Tellurian for the fiscal year ended December 31, 2020, and other Tellurian filings with the Securities and Exchange Commission, all of which are incorporated by reference herein. The forward-looking statements in this presentation speak as of August 10, 2021, the date it was posted. Although Tellurian may from time to time voluntarily update its prior forward-looking statements, it disclaims any commitment to do so except as required by securities laws.