Published on 14 Nov 2023 on Hart Energy via Yahoo Finance
Troubled Tellurian Issues ‘Going Concern’ Warning Amid Losses
Tellurian Inc., which is developing the Driftwood liquefaction export project in Calcasieu Parish, Louisiana, issued a frank warning to the investment world in its third-quarter 2023 financial filing.
“There is substantial doubt about our ability to continue as a going concern,” according to regulatory filings.
While the announcement may not be a surprise to those following Tellurian’s story over the past couple of years, the warning should raise serious and credible doubts about the company’s ability to push Driftwood over the finish line.