Post Tagged with: "Gentle"

Tellurian Offers 10 Million Shares, but Quickly Pulls Offer

Tellurian Offers 10 Million Shares, but Quickly Pulls Offer

On May 17, 2017,  U.S. LNG export startup Tellurian Inc. (ticker: TELL) announced it planned to sell 10,000,000 shares of its common stock in an underwritten public offering with Credit Suisse Securities (USA) LLC as the deal’s sole book-running manager for the offering and with Tuohy Brothers Investment Research, Inc. as co-manager. This morning Tellurian pulled the stock offering. Tellurian CEO Meg Gentile commented, “Due to the current market environment and in the interest of achieving the best value for our stockholders, we have decided to withdraw our recently announced public offering of common stock.” Tellurian is the LNG export startup founded by former Cheniere founder and CEO Charif Souki and former BG COO Martin Houston. The Houston-based company is developing the Driftwood LNG project on the U.S. Gulf coast. In its Amended Prospectus Supplement filed with the SEC the company said the net proceeds of the common stock offering[Read More…]

May 18, 2017 - 3:20 pm Closing Bell Story, Finance, LNG, Oil and Gas 360 Articles
Former Cheniere Exec Becomes President, CEO of Tellurian Investments

Former Cheniere Exec Becomes President, CEO of Tellurian Investments

Meg Gentle will Drive Tellurian’s Driftwood Gulf Coast LNG Project Development   Former Cheniere exec Meg Gentle will lead Tellurian Investments as the company’s president, CEO and a member of the board. Gentle has also made a $10 million private investment in Tellurian. At Cheniere, Gentle served as EVP of marketing, based in London, England. “Meg is an exceptionally talented executive,” Tellurian co-founder and former Cheniere CEO Charif Souki said in a statement. “She joined me at Cheniere in 2004 as an analyst. In 2009, when the shale revolution changed the outlook for the company, I called on her to assume the role of Chief Financial Officer. In very difficult circumstances, she managed Cheniere’s liquidity and arranged financings which bought the company time to recover and adapt. When we developed our new strategy, she went on to negotiate $25 billion of debt and equity financings which turned Cheniere into a spectacular[Read More…]

September 1, 2016 - 4:34 pm Closing Bell Story, LNG, Oil and Gas 360 Articles, People