SEC Comment Letter for Cheniere Energy, Inc. (LNG) (CIK 0000003570) (LNG) — Nov 8, 2007
Cheniere Energy, Inc. (LNG) (CIK 0000003570)
Date: Nov. 8, 2007 · CIK: 0000003570 · Accession: 0000000000-07-054788
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-16383
Referenced dates: August 31, 2007
Letter
UNITED STATES SECURITIES AND EXCHANGE COMMISSION 100 F Street, NE WASHINGTON, D.C. 20549-7010 DIVISION OF CORPORATION FINANCE MAIL STOP 7010 September 20, 2007 Mr. Don A. Turkleson Chief Financial Officer Cheniere Energy, Inc. 717 Texas Avenue, Suite 3100 Houston, Texas 77002 Re: Cheniere Energy, Inc. Response Letter Dated August 31, 2007 File No. 001-16383
Dear Mr. Turkleson: We have reviewed your response letter and have the following comment. We have limited our review of your filings to those issues we have addressed in our comments. Please provide a written response to our comment. Form 10-K for the Fiscal Year Ended December 31, 2006
Notes to Consolidated Financial Statements, page 80
Note 1 – Organization and Nature of Operations, page 80
1. We note from your response to prior comment number two that you are focused only to “a limited extent in oil and gas exploration, development and exploitation;” and your primary focus is “on the development of LNG-related businesses.” We also note you “have built a technical and management team that is experienced in the Gulf of Mexico and in various technical specialties required for [y]our exploration program;” and you have been operating the oil and gas exploration and development segment since your stock initially began trading publicly in 1996. Based on your response, and the significance of your LNG-related businesses, it remains unclear why you believe your current operational status does not meet the definition of a development stage enterprise as that term is defined in paragraph 8 and 9 of FAS 7. Please provide further support for your exclusion of the additional information required by paragraphs 11 and 12 of FAS 7.
Mr. Don A. Turkleson Cheniere Energy, Inc. September 20, 2007 Page 2
Closing Comments
Please respond to this comment within 10 business days or tell us when you will provide us with a response. Please furnish a letter that keys your response to our comment and provide any requested information. Detailed letters greatly facilitate our review. Please understand that we may have additional comments after reviewing your response to our comment. You may contact Jennifer O’Brien at (202) 551-3721, or in her absence, Mark Wojciechowski, at (202) 551-3759 if you have questions regarding comments on the financial statements and related matters. Please contact me at (202) 551-3683 with any other questions. S i n c e r e l y , Jill S. Davis B r a n c h C h i e f
Show Raw Text
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
100 F Street, NE
WASHINGTON, D.C. 20549-7010
DIVISION OF
CORPORATION FINANCE MAIL STOP 7010
September 20, 2007
Mr. Don A. Turkleson
Chief Financial Officer Cheniere Energy, Inc. 717 Texas Avenue, Suite 3100 Houston, Texas 77002
Re: Cheniere Energy, Inc.
Response Letter Dated August 31, 2007
File No. 001-16383
Dear Mr. Turkleson:
We have reviewed your response letter and have the following comment. We
have limited our review of your filings to those issues we have addressed in our comments. Please provide a written response to our comment. Form 10-K for the Fiscal Year Ended December 31, 2006
Notes to Consolidated Financial Statements, page 80
Note 1 – Organization and Nature of Operations, page 80
1. We note from your response to prior comment number two that you are focused only to “a limited extent in oil and gas exploration, development and exploitation;” and your primary focus is “on the development of LNG-related businesses.” We also note you “have built a technical and management team that is experienced in the Gulf of Mexico and in various technical specialties required for [y]our exploration program;” and you have been operating the oil and gas exploration and development segment since your stock initially began trading publicly in 1996. Based on your response, and the significance of your LNG-related businesses, it remains unclear why you believe your current operational status does not meet the definition of a development stage enterprise as that term is defined in paragraph 8 and 9 of FAS 7. Please provide further support for your
exclusion of the additional information required by paragraphs 11 and 12 of FAS 7.
Mr. Don A. Turkleson
Cheniere Energy, Inc. September 20, 2007 Page 2
Closing Comments
Please respond to this comment within 10 business days or tell us when you will
provide us with a response. Please furnish a letter that keys your response to our comment and provide any requested information. Detailed letters greatly facilitate our review. Please understand that we may have additional comments after reviewing your response to our comment. You may contact Jennifer O’Brien at (202) 551-3721, or in her absence, Mark Wojciechowski, at (202) 551-3759 if you have questions regarding comments on the financial statements and related matters. Please contact me at (202) 551-3683 with any other questions. S i n c e r e l y , Jill S. Davis B r a n c h C h i e f