Tellurian Stock Price, News & Analysis

Tellurian Inc. has issued a limited notice to proceed to Bechtel Energy Inc. to commence construction of phase one of the Driftwood LNG terminal in Lake Charles, Louisiana. The terminal aims to enhance energy security and is expected to start delivering liquefied natural gas (LNG) in 2026. Currently, detailed engineering is approximately 30% complete, and major equipment orders are progressing. The facility is designed for an export capacity of up to 11 million tonnes per annum. Tellurian is focused on creating a low-cost global natural gas business.

Tellurian Inc. (NYSE American: TELL) reported over $300 million in liquidity and $360 million in discounted future net cash flows from proved natural gas reserves at the end of 2021. Key milestones include completing liquefied natural gas (LNG) sales agreements for 9 mtpa, initiating the Driftwood LNG financing process, and drilling four new wells, boosting proved reserves by 51 Bcf. The company ended 2021 with $305.5 million in cash but reported a net loss of $114.7 million, or $0.28 per share.

Tellurian Inc. has appointed Claire R. Harvey as an independent Board member, enhancing its leadership team with her vast energy investment expertise. Harvey has a notable background, having founded ARM Resource Partners and previously led Gryphon Oil and Gas. Executive Chairman Charif Souki expressed confidence in her ability to support the company as it moves forward with the financing of the Driftwood LNG project, with construction scheduled to commence in early 2022. Tellurian aims to develop a low-cost global natural gas business, including a significant LNG export facility.

Tellurian Inc. has successfully completed an underwritten public offering of $50 million in 8.25% senior notes due 2028, netting approximately $47.1 million after fees. The company has also granted underwriters a 30-day option to purchase an additional $7.5 million in notes. The funds will be used for general corporate purposes, including potential upstream asset acquisitions. The offering received a BBB+ investment grade rating from Egan-Jones Ratings Company.

Tellurian has priced a public offering of $50 million in 8.25% senior notes due 2028. There is also a 30-day option for underwriters to purchase an additional $7.5 million in senior notes. The proceeds will be used for general corporate purposes, including potential acquisitions of upstream assets. The offering is expected to close around November 10, 2021, pending customary closing conditions. B. Riley Securities, Ladenburg Thalmann, and William Blair are joint book-running managers for this offering.

Tellurian Inc. (NYSE American: TELL) is set to offer 8.25% senior notes due 2028 in an underwritten public offering, with a possible 30-day option for underwriters to purchase additional notes. The proceeds will be utilized for general corporate purposes, including potential acquisitions. B. Riley Securities, Ladenburg Thalmann, and William Blair are leading this offering. The company’s registration statement with the SEC is effective, though completion timelines and details remain uncertain.

Tellurian Inc. (TELL) finalized sales agreements for three million tonnes per annum (mtpa) from Driftwood LNG's capacity and raised approximately $116 million through a public stock offering. As of September 30, 2021, the company reported $210.8 million in cash equivalents with a quarterly revenue of $15.6 million, a significant rise from $7.3 million in 2020. Tellurian plans to enhance production by drilling 12-14 new wells and anticipates reaching production of 220 mmcfed by the end of 2022.

Tellurian Inc. is transitioning its stock listing from Nasdaq Capital Market to NYSE American, effective November 2, 2021, maintaining the ticker symbol 'TELL'. Executive Chairman Charif Souki highlighted the necessity for enhanced liquefaction export capacity amid global natural gas shortages. The company is preparing for the construction phase of the Driftwood LNG project with its partner Bechtel, aiming to enhance its operations in the natural gas industry. Tellurian is focused on building a low-cost, global natural gas business to increase shareholder value.