10 Feb 2017director interest notice● Neutral
TELLURIAN INC. /DE/ director Ronald Pettirossi received 24,713 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
10 Feb 2017director interest notice● Neutral
TELLURIAN INC. /DE/ director J Robinson West received 41,712 shares as part of the equity award.
10 Feb 2017director interest notice● Neutral
TELLURIAN INC. /DE/ director Brendan S Macmillan received 32,713 shares as part of the equity award.
10 Feb 2017business combination▲ GoodMajor
The merger closed: Magellan Petroleum renamed itself Tellurian Inc., and Tellurian Investments (the accounting acquirer in this reverse merger) became its operating subsidiary -- the company's identity, leadership and strategy had now fully shifted from legacy oil and gas to LNG development.
8 Feb 2017substantial holder notice● Neutral
Hammer Wealth Group Inc reported no remaining TELLURIAN INC. /DE/ shareholding in its periodic institutional filing.
30 Jan 2017business combination● Neutral
Magellan filed supplemental merger-proxy disclosures comparing premiums paid in comparable industry mergers, part of the routine run-up to a shareholder vote on the Tellurian combination.
13 Jan 2017securities registration● Neutral
TELLURIAN INC. /DE/ filed the final prospectus for a registered offering.
5 Jan 2017business combination▲ GoodMajor
TOTAL's $207 million common stock purchase closed, along with a guaranty from Magellan and a voting agreement binding Tellurian founders Charif Souki and Martin Houston to support a TOTAL board seat -- TOTAL's investment and influence were now locked in ahead of the merger's close.
21 Dec 2016business combination▲ GoodMajor
TOTAL S.A., through TOTAL Delaware, agreed to invest $207 million in Tellurian Investments common stock and secured a board seat in the combined company -- a far larger strategic commitment than GE's, and the beginning of what would become Tellurian's central financing relationship.
29 Nov 2016business combination▲ GoodMajor
GE Oil & Gas invested $25 million in Tellurian Investments' preferred stock, and the merger agreement was amended to accommodate the deal and extend the closing deadline to January 2017 -- the first outside strategic capital into the pre-merger Tellurian.
14 Nov 2016quarterly activities report▼ Bad
TELLURIAN INC. /DE/ reported quarterly revenue of $0 and a net loss of $44.4 million for the period ended 2016-09-30.
10 Nov 2016securities registration● Neutral
TELLURIAN INC. /DE/ amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
12 Oct 2016business combination● Neutral
Magellan filed Tellurian Investments' financial statements as part of the pending merger, formally confirming that Tellurian -- not Magellan -- would be treated as the business the deal is really about.
12 Oct 2016securities registration● Neutral
TELLURIAN INC. /DE/ registered a securities offering with the SEC using its shelf eligibility.
5 Oct 2016capital raising announcement● Neutral
Ahead of the Tellurian merger's close, Magellan agreed to pay off remaining obligations tied to its old Poplar oil field (a contingent production-payment right and its M&A advisor's fee) in stock, cleaning up its balance sheet before the reverse merger.
15 Aug 2016director interest notice● Neutral
TELLURIAN INC. /DE/ director J Robinson West acquired 39,835 shares at $2.31 under a company stock plan.
15 Aug 2016director interest notice● Neutral
TELLURIAN INC. /DE/ director Ronald Pettirossi acquired 39,835 shares at $2.31 under a company stock plan.
15 Aug 2016director interest notice● Neutral
TELLURIAN INC. /DE/ director Brendan S Macmillan acquired 39,835 shares at $2.31 under a company stock plan.
3 Aug 2016business combination▲ GoodMajor
Two days after shedding its last oil and gas assets, Magellan signed a merger agreement to combine with Tellurian Investments Inc., the LNG development company co-founded by former Cheniere Energy executives -- the company's entire board and CEO agreed to resign at closing, handing control to the incoming Tellurian team.
2 Aug 2016director interest notice● Neutral
TELLURIAN INC. /DE/ director One Stone Holdings II LP disposed of 22,683,428 shares via option/appreciation-right settlement.
2 Aug 2016substantial holder notice● Neutral
One Stone Holdings II LP, One Stone Energy Partners GP, L.L.C reported no remaining TELLURIAN INC. /DE/ shareholding in its periodic institutional filing.
2 Aug 2016asset acquisition disposition▲ GoodMajor
The One Stone exchange closed: Magellan handed over 100% of Nautilus Poplar (its Montana oil production) and 51% of Utah CO2 LLC in return for cancelling all of its own Series A preferred stock, plus $900,000 cash from One Stone -- Magellan exited US oil production for good, clearing the way for a very different next chapter.
2 Aug 2016director interest notice● Neutral
Vadim Gluzman became a TELLURIAN INC. /DE/ director and company insider (initial ownership filing).
2 Aug 2016director interest notice● Neutral
Robert I Israel became a TELLURIAN INC. /DE/ director and company insider (initial ownership filing).
19 July 2016director interest notice● Neutral
TELLURIAN INC. /DE/ President and CEO J Thomas Wilson had 957 shares withheld for taxes on vesting stock.
19 July 2016director interest notice● Neutral
TELLURIAN INC. /DE/ SVP - CFO, Treas, Corp Sec. Antoine Jean Lafargue had 1,572 shares withheld for taxes on vesting stock.
23 May 2016listing compliance notice▼ Bad
Nasdaq separately warned Magellan that its stockholders' equity had fallen below the $2.5 million minimum for continued listing, though the company expected the pending One Stone exchange and other asset sales to fix it.
19 May 2016agm notice● Neutral
TELLURIAN INC. /DE/ announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
13 May 2016quarterly activities report▼ Bad
TELLURIAN INC. /DE/ reported a quarterly net loss of $7.2 million for the period ended 2016-03-31.
4 May 2016agm notice● Neutral
TELLURIAN INC. /DE/ announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).