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Tellurian Upstream Sale: On To Greener Pastures

Novi

We ran a scenario analysis that ranged from ~$140MM up to ~$415MM with a median case of $260MM, relatively close to the actual closing price of $264.5MM. Note: Assumes D&C costs of ~$1,200/ft and includes all wells from all operators (2021 to 2024 vintages). Bcf/d after dropping from ~15 Bcf/d down to only 12.9