Tag: Charif Souki

Martin Houston Becomes Tellurian Chairman [PDF Download]

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(Tellurian, 8.Dec.2023) — Tellurian Inc. (NYSE American: TELL) announced that its Board of Directors has named Martin Houston, Co-Founder and Vice Chairman, to be Chairman of the Board of Directors. Co-Founder Charif Souki will no longer serve as an executive or officer of the company or hold any managerial responsibilities. […]

Tellurian Reports Weak 1Q:23 Financial Results [PDF Download]

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(Tellurian, 3.May.2023) — Tellurian Inc. (NYSE American: TELL) continued making progress on Driftwood LNG phase one construction, added to natural gas acreage, production and sales, and repaid $166.7mn in principal balance of borrowing obligations in the first quarter 2023. Subsequent to the quarter end, Tellurian also advanced Driftwood project funding […]

Tellurian Enters into Material Definitive Agreement

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(Tellurian, 6.Apr.2023) — On 4 April, 2023, Tellurian Inc. entered into a binding letter of intent (the “LOI”) with a New York-based institutional investor with approximately $120bn in assets under management regarding the sale and leaseback of approximately 800 acres of land owned and/or leased by Driftwood LNG LLC, a […]

Tellurian Plunges After Axing $1bn Bond for LNG Plant

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(Bloomberg, 19.Sep.2022) — Tellurian Inc. withdrew a $1 billion high-yield bond sale, leaving the future of its US natural gas export project in limbo. The stock plunged more than 24%. Citing uncertainty in the junk-bond market, the Houston-based company halted the offering of senior secured notes and warrants on Monday. Tellurian had […]