HOUSTON, TX–(Marketwired – May 18, 2017) – Tellurian Inc. (Tellurian or the Company) (NASDAQ: TELL) today announced that due to adverse market conditions, it has withdrawn its proposed public offering of 10,000,000 shares of its common stock.
“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,” said Meg Gentle, CEO of Tellurian.
About Tellurian Inc.
Tellurian plans to build a natural gas business that includes development of Driftwood LNG, an approximately 26-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 ticker symbol “TELL.”