Tellurian Engages Goldman Sachs and Societe Generale as Financial Advisors for Driftwood Holdings
January 17 2018 - 8:45AM
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.
Follow us on Twitter at twitter.com/TellurianLNG
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20180117005770/en/
Tellurian Inc.Media:Joi Lecznar, +1-832-962-4044SVP
Public Affairs and
CommunicationPhonejoi.lecznar@tellurianinc.comorInvestors:Amit
Marwaha, +1-832-485-2004Director, Investor
Relationsamit.marwaha@tellurianinc.com
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