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Last Post: 5/17/2022 12:31:09 PM - Followers: 214 - Board type: Free - Posts Today: 6

S&P GLOBAL HEADLINE, Developer of US gas export project weighs reverse merger with idled tech company.”

The developer of the proposed Delfin LNG export project said in a Jan. 11 filing with the SEC that it may complete a reverse merger with theglobe.com after buying a 71% stake in the idled technology company on the last day of 2017.

In the filing, Fairwood Peninsula Energy Corp., which owns LNG developer Delfin Midstream LLC, said it was appointing Fairwood Director William "Rusty" Nichols as chairman of the board, CEO and CFO of theglobe.com. "In addition, Delfin Midstream currently anticipates that it may enter into an agreement with the Issuer to merge into the Issuer, sell its assets to the Issuer or otherwise consolidate all of substantially all of the Issuer's business with Delfin Midstream," the filing said. "However, there can be no assurance that the Issuer will be successful in consummating any such transaction in the near future, if at all."

Delfin on Dec. 31, 2017, closed a $25,000 deal to buy a majority stake in idled tech company theglobe.com Inc. for less than a penny per share. As of market close on Jan. 11, Delfin's nearly 313 million shares were worth nearly $63 million.
A source familiar with the matter had previously told S&P Global Market Intelligence on condition of anonymity that a reverse merger was one of the options the company was considering. The Jan. 11 filing is the first official word from the company on the development.

Two other U.S. LNG export hopefuls have gone public via a reverse merger over the past year as they seek access to capital markets to help finance multibillion-dollar project proposals. Tellurian Inc., which was co-founded by the former CEO of U.S. LNG export pioneer Cheniere Energy Inc., in February 2017 closed on a reverse merger with the former Magellan Petroleum Corp. NextDecade Corp. in July 2017 completed a deal with blank-check company Harmony Merger Corp. Both Tellurian's Driftwood LNG and NextDecade's Rio Grande LNG projects are awaiting approval from the Federal Energy Regulatory Commission.

The $7 billion Delfin LNG export terminal is one of four fully permitted U.S. projects awaiting a final investment decision. The developer has signed a nonbinding agreement with China Gas Holdings Ltd. for 3 million tonnes per annum of LNG for 15 years starting in 2022.
The 13 mtpa project in June 2017 received authorization from the U.S. Department of Energy to export to countries with which the U.S. does not have a free trade agreement. The location of the proposed facility, about 40 nautical miles off the coast of Cameron Parish, La., makes the offshore portion of the project subject to the Deepwater Port Act and the jurisdiction of the U.S. Coast Guard and the U.S. Department of Transportation's Maritime Administration, which approvedthe project in March 2017. 

The Delfin LNG project would be the first offshore liquefaction terminal in the U.S.

Source: https://platform.mi.spglobal.com/web/client?auth=inherit#news/article?id=43176097&cdid=A-43176097-11055

TGLO’s New Transfer Agent is VCORP

VCORP named 1-of-the 5,000 fastest-growing co.,3-years in-a-row 

Vcorp Services Named to Inc. 500|5000 List of America's Fastest-Growing Private Companies 
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Vcorp Services, LLC ("Vcorp"), a leading Corporate Filing and Registered Agent provider, has been named by Inc. Magazine for the third consecutive year as one of the 5,000 fastest-growing private companies in America. 

President and Editor-In-Chief Eric Schurenberg said, "On average, the companies on the list have grown almost six-fold over the past three years. That’s a result most businesses could only dream of.” 

Monsey, NY (PRWEB) August 27, 2015 

For the third consecutive year, Vcorp Services, LLC ("Vcorp"), a leading Corporate Filing and Registered Agent provider, has been named by Inc. Magazine as one of the 5,000 fastest-growing private companies in America. 

For 34 years, The Inc. 500|5000 has recognized the country's fastest-growing private companies in the nation. The annual listing represents the most comprehensive look at independent minded entrepreneurs in the nation. In addition to Vcorp Services, the 2015 list adds such powerhouses as Fitbit, Smashburger, Bowlmor AMF, Planet Fitness, Giftcards.com, Radio Flyer, Box, and Mindbody. 

President and Editor-In-Chief Eric Schurenberg said, "On average, the companies on the list have grown almost six-fold over the past three years. That’s a result most businesses could only dream of.” 
Complete results of the Inc. 500 / 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at http://www.inc.com/inc5000

About Vcorp Services LLC 
Vcorp Services assists in the creation of new businesses and helps maintain existing businesses in all 50 states. Quick, accurate and at the lowest rates, Vcorp’s knowledgeable and experienced staff has helped form thousands of new businesses including: LLCs, S-Corporations, C-Corporations, Partnerships, Non-Profits and Professional Corporations. Vcorp works with entrepreneurs, legal and tax professionals, as well as real estate experts to set up and maintain businesses across the country. Vcorp also specializes in helping small businesses to get started, grow and remain in compliance with federal and state regulations. For more information, go to http://www.vcorpservices.com

Delfin CEO Frederick Jones has his eye on 4, count 'em, 4 FLNGVs. Two billion dollars each. 


This is his dream. He is 74 years old. He is in a hurry. 


$1,500,000,000 loan. 












Strong Buy 


Comparable Sector Valuations

Symbol----O/S ------Market Cap---Operational--Capacity 
TGLO--441 Million--$90 Million--2021--13 Million 
NEXT--106 Million--$900 Million---?----27 Million 
TELL--212 Million--$2.4 Billion--2023--27.6 Million 
LNG---237 Million--$13 Billion---2016--27 Million 


Project Overview










Project Overview

Delfin LNG is developing the first floating liquefied natural gas vessels (FLNGVs) in North America. Having already completed the permitting process with the Department of Energy (DOE), Maritime Administration (MARAD), and the United States Coast Guard (USCG), Delfin LNG is a highly-advanced, shovel ready project that expects to be operational by 2021/2022. 

The Delfin LNG project will consist of four primary components (see rendering below): 

An existing, subsea pipeline called UTOS, which was purchased from Enbridge in 2014 

A newly-built onshore compressor system, which will allow gas to flow through UTOS from onshore Louisiana to the Delfin LNG Deepwater Port 
The Delfin LNG Deepwater Port, which is located up to 50 miles off the coast of Louisiana and will be the site of 4 mooring systems to house the FLNGVs 

4 FLNGVs with a total export capacity of 13 million metric tonnes per year of LNG 

Delfin LNG is convinced that floating liquefaction will be the future of LNG production. Floating liquefaction is environmentally-friendly, cost-competitive, economical with limited scale, moveable in the event of a hurricane, and has a shorter and more efficient construction schedule relative to an onshore project. Further, in the event that global energy markets change dramatically in the coming decades, a floating liquefaction plant provides greater flexibility for decommissioning and redeployment. The offshore location of the project's FLNGVs, nearly 50 miles off the coast of Louisiana, will significantly reduce coastal LNG carrier traffic while minimizing near-shore environmental impacts.                                                  

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TGLO News: Quarterly Report (10-q) 05/12/2022 11:39:15 AM
TGLO News: Annual Report (10-k) 03/24/2022 01:19:04 PM
#39177   Got a few more at .13 MWM 05/17/22 12:31:09 PM
#39176   Agreed JAB. My future path similarly been wiwineguy 05/17/22 10:13:42 AM
#39175   Good question. I always ignore the "noise" and dave79 05/17/22 10:06:04 AM
#39174   Wonder what happened to the Pom Pom waivers JAB15 05/17/22 10:04:26 AM
#39173   Well said JAB! One saving grace is it's dave79 05/17/22 09:55:33 AM
#39172   Honestly, how much longer can this game go JAB15 05/17/22 09:22:19 AM
#39171   Hard to impress anyone when you're dead. wiwineguy 05/16/22 08:27:30 PM
#39170   That's the case with my IB account. I've senor_c 05/16/22 06:47:13 PM
#39169   "No opening trades, ineligible pink stock" freddie me 05/16/22 03:46:25 PM
#39168   Not impressed with Freddie at all! running high 05/16/22 11:36:09 AM
#39167   I have no idea whether Delfin has signed JAB15 05/16/22 09:34:43 AM
#39166   Poland signs deal w/Sempra. Come on Delfin, you dave79 05/16/22 07:11:38 AM
#39165   Management anticipates continued funding from Delfin over the mitcheroo 05/14/22 11:55:57 AM
#39164   It's like Weekend at Bernies, This process has wiwineguy 05/13/22 01:07:34 PM
#39163   ' What's another year to these Jamokes?' One bigbux1 05/13/22 12:03:04 PM
#39162   Point well taken! Luckily the people I've been JAB15 05/13/22 11:49:41 AM
#39161   First, if you were born before the year jerrybrockman 05/13/22 11:46:26 AM
#39160   Thank you for all the information you seek running high 05/13/22 11:14:56 AM
#39159   In talking to the dept head for the JAB15 05/13/22 10:17:51 AM
#39158   Army of engineering permitting group needs to be running high 05/13/22 10:10:25 AM
#39157   Honestly I’m not feeling good about this. I running high 05/13/22 10:09:24 AM
#39156   In addition to the Army Corp of Engineers JAB15 05/13/22 09:39:29 AM
#39155   Yep! $906,000 including accrued interest at 8%. There JAB15 05/12/22 04:19:22 PM
#39154   Anticipates continued funding blah blah blah. tweedking 05/12/22 04:15:13 PM
#39153   Well, at least Delfin is in good company, JAB15 05/12/22 03:39:20 PM
#39152   Ha - right. I can see a rabbit senor_c 05/12/22 12:07:48 PM
#39151   Here is an overview of midstream ops you thirdcoast 05/12/22 09:42:10 AM
#39150   LOL.....True Jerry...very true....I was totally confused, misled, delusional, thirdcoast 05/12/22 08:59:43 AM
#39149   I too have been in this since Egan wiwineguy 05/12/22 07:54:22 AM
#39148   All good points. Jerry is fine. JAB15 05/12/22 07:00:44 AM
#39147   Most here appreciate the work that folks like senor_c 05/11/22 11:34:52 PM
#39146   Ok, I gotta say something. Let’s jerrybrockman 05/11/22 09:31:01 PM
#39145   Maybe they are piggybacking off of station 44? JAB15 05/11/22 06:15:52 PM
#39144   Everything I am seeing on station 44 reflects thirdcoast 05/11/22 04:48:11 PM
#39143   So then Delfin didn't purchase the exisiting station JAB15 05/11/22 03:45:12 PM
#39142   This article indicates the new compressor building would thirdcoast 05/11/22 01:17:15 PM
#39141   The Gulf trace compressor station was rebuilt by thirdcoast 05/10/22 11:39:02 AM
#39140   ahhh nice - thanks for explaining. senor_c 05/10/22 11:30:42 AM
#39139   It connects to Summits project as posted earlier thirdcoast 05/10/22 11:28:58 AM
#39138   2015 article? Is there a Delfin connection? senor_c 05/10/22 11:22:22 AM
#39137   https://oilmanmagazine.com/article/ferc-studies-gulf-trace-calcasieu-pass/?msclk thirdcoast 05/10/22 11:05:03 AM
#39136   The only possible benefit is that their master senor_c 05/10/22 10:13:34 AM
#39135   That would be great! Thanks. Like Senor JAB15 05/10/22 09:01:16 AM
#39134   When I complete my current hitch, I'll thirdcoast 05/10/22 08:52:01 AM
#39133   You will never convince me that their approach JAB15 05/10/22 08:34:32 AM
#39132   More LNG deals being signed.... Mr. Jones, let's dave79 05/10/22 06:59:44 AM
#39131   You can use this for the last few JAB15 05/09/22 09:41:34 PM
#39130   Well, with my radical liberal hybrid car, I senor_c 05/09/22 09:28:57 PM
#39129   This ticker is not necessarily correlated to the senor_c 05/09/22 09:25:05 PM
#39128   What the heck caused the big drop in Rocket_1 05/09/22 09:06:40 PM
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