News

Tellurian Inc. (Tellurian or the Company) (NYSE American: TELL) today announced that it intends to offer and sell, subject to market and other conditions, 8.25% senior notes due 2028 in an underwritten public offering. The Company also expects to grant the underwriters a 30-day option to purchase additional senior notes in connection with the offering. There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. The Company intends to use the net proceeds from the offering for general corporate purposes, including the potential acquisition of upstream assets.

Tellurian Inc. (Tellurian) (NYSE American: TELL) completed sales from Driftwood LNG’s capacity for the first two plants with the signing of three million tonnes per annum (mtpa) in sale and purchase agreements (SPAs) with Shell and raised approximately $116 million in a public stock offering in the third quarter of 2021. Subsequent to the quarter end, Tellurian transferred its common stock listing from the Nasdaq Capital Market to the NYSE American.

Two things we need to do: 1️⃣ Unequivocally, the most important piece is to organize financing. 2️⃣ Continue to concentrate on our Upstream position.

Europeans and Americans are creating a strong incentive for energy prices to go up. Could this be the start of an energy crisis?

Tellurian Inc. (Tellurian) announced today it will transfer the listing of its common stock from the Nasdaq Capital Market to the NYSE American.

This translates into, in terms of what Driftwood is going to do, an extremely profitable project for us. There is now a gap between American prices and global prices that is very significant and likely to last for a very long time. So we will be able to, eventually, produce 1.5 trillion cubic feet of natural gas a year, which we will produce or buy in the United States between $3 and $5, and sell on the water between $15 and $25. That is, the cash flow annually could be somewhere between $12 billion and $20 billion a year.

Should the U.S. be proactive in providing energy to the world? Watch the CNN interview between Fareed Zakaria and New York Times columnist Tom Friedman here: https://www.cnn.com/videos/tv/2021/10/10/exp-gps-1010-friedman-energy-crisis.cnn

The issue of whether you can warm your home and continue to have electricity this winter is very significant globally.

Where does U.S. gas come from? The Marcellus, the Haynesville, and the Permian areas supply most of the gas for the U.S. The U.S. has enough resources to satisfy all of the demand for the country plus a very significant piece of export available for the rest of the world where we can help countries, such as what is happening to Europe, to have additional gas and to supply to Asia, Africa, and places that need it.

Tellurian Inc. (Tellurian) (NASDAQ: TELL) today named energy and financial industry veteran James D. Bennett as a new independent Board member. Mr. Bennett is the former President and CEO of SandRidge Energy, Inc. (NYSE: SD) and previously served as a Managing Director first at GSO Capital Partners and then at White Deer Energy. He is a current board member and Executive Chairman of Tapstone Energy Inc.