Tellurian Investments Inc.
Description
Private company founded by Charif Souki and Martin Houston received preferred equity from GE Oil & Gas with an implied Tellurian common stock value of $5.94 per share. It will support development of Driftwood LNG lowest-cost liquefaction for the global market, which is in the engineering design and pre-filing phase. Tellurian entered into a merger agreement with Magellan Petroleum Corp. on August 2.