Tellurian's Dismissed Founder Souki Builds Woodside Stake After Deal [Yahoo! Finance]
Tellurian Inc. (TELL)
Last tellurian inc. earnings: 2/24 07:00 am
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Source: Yahoo! Finance
Australian LNG exporter Woodside Energy has a deal to buy Tellurian Inc. for $900 million cash in an acquisition totaling $1.2 billion in value, including assumption of debt and other liabilities. Once built, the Tellurian plant will have export capacity of 27.6 million tonnes per annum (3.7 Bcf/d), also from the Louisiana Gulf Coast. Souki was dismissed from his post in early December and resigned from the board later that month after Tellurian completed an investigation into Souki's loans from a lender from whom Tellurian was also borrowing, according to Tellurian's filings with the U.S. Securities and Exchange Commission. Hart Energy spoke with Souki on Sept. 4 about his plans, the outlook for global gas markets and whether data centers will amount to much in terms of drawing down excess U.S. gas capacity. “It's very simple. Anybody can do the numbers,” he said. RELATED Souki's Saga: How Tellurian Escaped Ruin with ‘The Pause,' $1.2B Exit Nissa Darbonne (ND): You wer
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