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Engaged Bechtel Oil, Gas and Chemicals, Inc. (“Bechtel”) to conduct additional engineering for the Driftwood LNG facility, intended to advance engineering to approximately 20% by 2018.
Agreed to purchase natural gas producing assets and undeveloped acreage in northern Louisiana from Rockcliff Energy Operating LLC (“Rockcliff”), including approximately 4 million cubic feet per day of natural gas production, approximately 1.3 Tcf of gas resource, and approximately 138 drilling locations, which are able to be produced and delivered to market for an estimated $2.25 per mmBtu, providing Tellurian access to low-cost supply.
Arranged a six-month charter contract with Maran Gas Maritime Inc. for a liquefied natural gas (LNG) vessel, allowing for participation in the LNG marketplace.
Estimated Driftwood Project timeline
LSTK EPC contract
Sign – Q4/17
Rockcliff natural gas asset acquisition closing
LNG sales and purchase agreements
FERC construction authorization
Liquefaction project financial close
The following information was filed by Tellurian Inc. (TELL) on Thursday, November 9, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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