Tellurian Updates Timing and Strategy for Future Upstream Acquisitions and Related Financing

HOUSTON–(BUSINESS WIRE)–$TELL #LNG–Tellurian Inc. (NASDAQ: TELL) and its wholly owned subsidiary Driftwood
Holdings LLC today provided an update on its upstream acquisition and
financing strategy. Tellurian began building its upstream portfolio in
November 2017 and continues its focus on acquiring core Haynesville
shale assets.

President and CEO Meg Gentle said, “Tellurian plans to acquire 15
trillion cubic feet (tcf) of natural gas over the project life as part
of our overall integrated strategy for the development of Driftwood
Holdings. We are looking primarily in the Haynesville shale and are
speaking with many producers, but we have no transaction close to
completion at this point. Any asset acquisition would occur at the
Driftwood Holdings level and would be financed from proceeds of
third-party investments in Driftwood Holdings. We continue to make very
good progress in our discussions with third-party investors, expect to
execute agreements in Driftwood Holdings over the next few months, and
be in a position to close funding of phase one for 11 million tonnes
between the third and fourth quarters of 2018.”

Driftwood Holdings will construct and operate a standalone U.S.-based
integrated liquefied natural gas business. Tellurian announced in
January that it had 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. Tellurian is
offering equity interests in Driftwood Holdings at a cost of $1,500 per
tonne in exchange for liquefied natural gas at cost.

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,” “proposed”, and similar expressions are intended to
identify forward-looking statements. Forward-looking statements herein
relate to, among other things, potential future acquisition and
financing transactions. 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. Acquisition and financing
transactions may not occur in the timeline or on the terms anticipated,
may be structured differently than expected, and may not be available at
all. 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
[email protected]
or
Investors:
Amit
Marwaha, +1-832-485-2004
Director, Investor Relations
[email protected]