MAGELLAN PETROLEUM CORP Forum: Community User: Maros

Souki's innovative vision for LNG exports transformed the U.S. energy sector with Cheniere Energy's success but led to his ousting due to strategic disagreements. At Tellurian, Souki's unique business model for the Driftwood LNG project struggled to attract customers and faced delays, leading to financial instability. The LNG market's preference for long-term contracting and reliable pricing models, as seen in recent European deals, contrasts with Souki's approach at Tellurian. https://oilprice.com/Energy/Natural-Gas/Tellurian-Parts-Ways-with-LNG-Pioneer-Souki.html

Der Pate der amerikanischen LNG-Industrie gestürzt https://twitter.com/hcanercan/status/1129953667908550656

The Godfather of American LNG Industry Ousted https://www.wsj.com/business/energy-oil/charif-souki-godfather-of-american-lng-industry-is-ousted-from-tellurian-2f5aae9b

Tellurian agrees to pay Charif Souki $7.4M after ousting him https://www.upstreamonline.com/people/out-on-his-ear-but-8-million-better-off-co-founder-charif-souki-departs-tellurian/2-1-1574821

Tellurian stock and the downfall of an LNG mogul and pioneer. Tellurian share price has crashed by more than 70% from its all-time high. The collapse has led to the painfull downfall of Charif Souki. https://invezz.com/news/2023/12/21/tellurian-stock-and-the-downfall-of-an-lng-mogul-and-pioneer/

Tellurian new scheme: Stockpiling its Natural Gas loss into a Derivatives Account https://driftwood22disclosureproject.wordpress.com/2023/11/18/tellurian-new-scheme-stockpiling-its-natural-gas-loss-into-a-derivatives-account/

https://www.reuters.com/business/energy/tellurian-appoints-daniel-belhumeur-president-new-chair-takes-charge-2023-12-11/

https://beststocks.com/martin-houston-appointed-chairman-of-the-boar/

Dann kann es ja nur noch aufwärts gehen 😉

Charif Souki, Who Transformed U.S. Energy, Removed as Tellurian’s Chairman https://www.wsj.com/business/energy-oil/charif-souki-who-transformed-u-s-energy-replaced-as-tellurians-chairman-cdde3254

U.S. LNG developer Tellurian ousts co-founder Souki as chairman https://www.reuters.com/business/energy/tellurian-says-co-founder-souki-step-down-chairman-2023-12-08/

Tellurian Chairman Charif Souki on Driftwood LNG https://www.youtube.com/watch?v=lrKAWRqryIo

Tellurian Inc., which recently issued a “going concern” warning in its third-quarter SEC filing, wants to raise about $125 million in 2024 for drilling, according to Executive Chairman Charif Souki. https://www.hartenergy.com/exclusives/looking-right-ship-tellurian-plans-raise-125mm-financing-207215

The party is over https://pbs.twimg.com/media/Fb1W5ssXoAY5tVt?format=jpg&name=900x900 https://pbs.twimg.com/media/Fb1W5svWAAAPgf9?format=jpg&name=900x900

Tellurian Had A Plan; It's Over. Tellurian faces a high risk of bankruptcy as its liquidity dwindles, liabilities ... The company's cash and equivalents have fallen by 90% over the past year, reaching their lowest level since the first quarter of its fiscal 2021. Tellurian recorded a fiscal 2023 third-quarter GAAP net loss of $65.4 million and a free cash burn of $86 million, indicating a cash runway of less than 2 full quarters. https://seekingalpha.com/article/4652781-tellurian-had-a-plan-its-over

Tief im Sumpf https://twitter.com/RaisingTheBAR47/status/1543042774282428417