Magellan merger partner lands $207M investment from Total
A Houston-based energy company slated to merge with Denver-based Magellan Petroleum Corp. (Nasdaq: MPET), has secured another major investment.
The Denver Business Journal reports that Tellurian Investments Inc. has sold 23 percent of the company to French energy giant Total S.A. (NYSE: TOT) for $207 million. That followed on the heels of another investment by GE Oil & Gas for $25 million.
Tellurian’s merger with Denver’s Magellan is scheduled to close in the first quarter of 2017.
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A Houston-based energy company slated to merge with Denver-based Magellan Petroleum Corp. (Nasdaq: MPET), has secured another major investment.
The Denver Business Journal reports that Tellurian Investments Inc. has sold 23 percent of the company to French energy giant Total S.A. (NYSE: TOT) for $207 million. That followed on the heels of another investment by GE Oil & Gas for $25 million.
Tellurian’s merger with Denver’s Magellan is scheduled to close in the first quarter of 2017.
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