Tellurian Inc (TELL)

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“By unlocking the full value of these high-quality assets, we aim to substantially reduce our debt, further reduce our general and administrative expenses, and provide additional cash, enabling us to develop Driftwood LNG. Currently, this approach is more attractive than issuing equity to fund our 2024 development activities and working capital needs,” said CEO Octavio Simões.
The Haynesville asset could be worth $365 million, investment banker Roth MKM said in a note on Tuesday.
THE POSSIBILITY OF SELLING HAYNESVILLE LESSENS THE NEED FOR STOCK DILUTION.
ON THE RIGHT TRACK, IT GIVES MORE TIME TO FIND DRIFTWOOD PARTNERS.