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Tellurian Announces Pricing of Public Offering of Common Stock

 June 18, 2018 - 9:56 PM EDT

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Tellurian Announces Pricing of Public Offering of Common Stock

HOUSTON

Tellurian Inc. (Tellurian or the Company) (NASDAQ: TELL) today announced
that it has priced a public offering of 12,000,000 shares of its common
stock for total gross proceeds to Tellurian (before underwriters’
compensation and estimated expenses) of $118.8 million. The Company has
granted the underwriters a 30-day option to purchase up to
1,800,000 additional shares of common stock of the Company to cover
over-allotments, if any. The Company intends to use the net proceeds
from this offering for general corporate purposes, including pipeline
development and working capital. The offering is expected to close on or
about June 21, 2018, subject to satisfaction of customary closing
conditions.

Credit Suisse Securities (USA) LLC is acting as sole book-running
manager for the offering, and Stifel, Cowen and Company, LLC, Seaport
Global Securities LLC and Tuohy Brothers Investment Research, Inc. are
acting as co-managers.

The offering is being made pursuant to an effective shelf registration
statement of the Company previously filed with the Securities and
Exchange Commission (the “SEC”). The offering may be made only by means
of a prospectus supplement and the accompanying prospectus. Copies of
the preliminary prospectus supplement for the offering and the
accompanying prospectus may be obtained by sending a request to Credit
Suisse Securities (USA) LLC, Attention: Prospectus Department, One
Madison Avenue, New York, New York 10010, Telephone: 1-800-221-1037,
E-mail: newyork.prospectus@credit-suisse.com.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities, in any state or jurisdiction in which such offer,
solicitation or sale of these securities would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.

About Tellurian Inc.

Tellurian plans to build a natural gas business that includes
development of Driftwood LNG, an approximately 27.6 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.”

CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS

Statements in this press release related to the Company’s public
offering of common stock and all other statements other than statements
of historical fact are forward-looking statements that are made pursuant
to the Safe Harbor Provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are subject to a number
of risks and uncertainties that may cause actual results to differ
materially from the forward-looking statements. Tellurian urges you to
carefully review and consider the cautionary statements made in this
press release, the registration statement, the “Risk Factors” section of
the preliminary prospectus supplement for the offering and of the
Company’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2017 filed with the SEC on March 15, 2018, and other
filings with the SEC for further information on risks and uncertainties
that could affect the Company’s business, financial condition and
results of operations. The Company cautions you not to place undue
reliance on forward-looking statements, which speak only as of the date
made. Tellurian undertakes no obligation to update any forward-looking
statements in order to reflect any event or circumstance occurring after
the date of this press release or currently unknown facts or conditions
or the occurrence of unanticipated events. All forward-looking
statements are qualified in their entirety by this cautionary statement.

Tellurian Inc.
MEDIA:
Joi Lecznar, +1 832-962-4044
SVP
Public Affairs and Communication
joi.lecznar@tellurianinc.com
INVESTORS:
Amit
Marwaha, +1 832-485-2004
Director, Investor Relations
amit.marwaha@tellurianinc.com

Source: Business Wire
(June 18, 2018 - 9:56 PM EDT)

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