Tellurian Engages Goldman Sachs and Societe Generale as Financial Advisors for Driftwood Holdings
HOUSTON–(BUSINESS WIRE)–Tellurian Inc. (Tellurian) (NASDAQ: TELL) announced today that it has
engaged Goldman Sachs & Co. LLC (Goldman Sachs) and SG Americas
Securities, LLC (Societe Generale) to serve as financial advisors for
Driftwood Holdings LLC, a wholly owned subsidiary of Tellurian formed to
own and operate Tellurian’s gas producing assets, pipeline assets, and
the Driftwood LNG export facility.
About Tellurian Inc.
Tellurian was founded by Charif Souki and Martin Houston and is led by
President and CEO Meg Gentle. 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, LNG trading, 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”.
For more information, please visit www.tellurianinc.com.
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CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS
This press release 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,” “should,”
“will,” “would,” and similar expressions are intended to identify
forward-looking statements. Forward-looking statements herein relate to,
among other things, the capacity, performance, timing, permitting,
construction, operations and financing of Driftwood LNG and the
Driftwood Pipeline, including our entry into Driftwood commercial
agreements and financing arrangements and the timing and outcome of a
final investment decision. These statements involve a number of known
and unknown risks, which may cause actual results to differ materially
from expectations expressed or implied in the forward-looking
statements. These risks include the matters discussed in Item 1A of Part
II of the Quarterly Report on Form 10-Q for the quarter ended September
30, 2017 filed by Tellurian with the Securities and Exchange Commission
(the “SEC”) on November 9, 2017, and other filings with the SEC, all of
which are incorporated by reference herein. The regulatory approvals
necessary to construct and complete Driftwood LNG and the Driftwood
Pipeline may not be received in a timely manner or at all, or may be
granted subject to conditions that are adverse to Tellurian. The
forward-looking statements in this press release speak as of the date of
this release. 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.
Contacts
Tellurian Inc.
Media:
Joi Lecznar, +1-832-962-4044
SVP
Public Affairs and Communication
Phone
[email protected]
or
Investors:
Amit
Marwaha, +1-832-485-2004
Director, Investor Relations
[email protected]