The boost has an “implied value” of $5.94 per share of Tellurian common stock, the Houston-based liquefaction start-up said.
Tellurian has been on the hunt for capital to fund the 12-million-tonnes-per-annum Driftwood LNG project, which is expected to cost $8 billion.
The company is also preparing to go public through a reverse merger with US enhanced oil recovery specialist Magellan Petroleum.
