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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 
Share Article 

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
http://www.prweb.com/releases/2015/08/prweb12927137.htm


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 

TGLO


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 

Website
http://www.delfinlng.com/

Project Overview
http://www.gaselectricpartnership.com/kDelfin.pdf 

Filings
https://ih.advfn.com/stock-market/USOTC/theglobe-com-inc-pc-TGLO/news 

Headlines
https://globenewswire.com/news-release/2017/06/21/1027141/0/en/Golar-LNG-and-Delfin-Midstream-sign-agreement-to-jointly-develop-the-Delfin-LNG-Project-in-the-US-Gulf-of-Mexico.html 

http://www.lngworldshipping.com/news/view,us-says-yes-to-delfin-floating-lng-project_47936.htm 

http://www.oedigital.com/geoscience/item/16769-flng-projects-taking-shape 

https://energy.gov/articles/us-department-energy-authorizes-additional-liquefied-natural-gas-exports-offshore-project 

https://energy.gov/articles/us-department-energy-authorizes-additional-liquefied-natural-gas-exports-offshore-project 

http://fuelfix.com/blog/2015/07/01/enbridge-takes-5-percent-stake-in-planned-offshore-lng-project/ 

https://www.lngworldnews.com/tag/delfin-lng/ 

https://www.reuters.com/article/us-china-usa-lng-delfin/delfin-taps-china-for-us-floating-lng-plant-but-final-investment-decision-challenging-ceo-idUSKBN1D90SL 

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) 05/15/2019 11:43:52 AM
TGLO News: Annual Report (10-k) 03/29/2019 02:13:32 PM
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#31368  Sticky Note Another new employee added today!! A CEO!!!! dave79 12/05/18 11:32:59 AM
#29052  Sticky Note I don't believe RM is an "if." castaways 08/14/18 11:56:44 PM
#33661   Direct listing is gaining traction. tweedking 05/23/19 11:54:46 AM
#33660   In other news, "Avenatti charged with stealing $300K goldengeo_01 05/22/19 04:31:23 PM
#33659   That be Delfin’s competition stealing market share. Door Xl175 05/22/19 03:50:58 PM
#33658   Deals are getting done without you know who tweedking 05/22/19 03:46:39 PM
#33657   China won't be able to make agreements after tweedking 05/22/19 03:13:32 PM
#33656   True that, year of the nothing. Perhaps China Xl175 05/22/19 02:34:09 PM
#33655   Basically until the agreements are completed so they Grouse Hunter 05/22/19 02:26:15 PM
#33654   Sounds like the project is up in the air! Exposeall 05/22/19 11:02:53 AM
#33653   Sounds like no ticky no washy Dallas-Cowboys 05/22/19 09:29:41 AM
#33652   Michael Webber -- Wells Fargo Securities LLC -- Analyst tweedking 05/22/19 06:24:29 AM
#33651   Jonathan Chappell -- Evercore ISI -- Analyst tweedking 05/22/19 06:14:49 AM
#33650   It’s the People’s Gas! That is the one jerrybrockman 05/22/19 05:40:38 AM
#33649   Why do you (the collective) entertain Xs shiite? mtlebomac 05/21/19 10:46:10 PM
#33647   Hmmm. Guess you were wrong Grouse Hunter 05/21/19 06:26:48 PM
#33646   Offtake agreements are frequently used in natural resource RangerRow 05/21/19 05:44:30 PM
#33645   Off take agreements have zero to do with Xl175 05/21/19 05:36:10 PM
#33644   I thought the off take agreements basically related Grouse Hunter 05/21/19 04:03:08 PM
#33643   Honestly, I am not sure. I'm sure these dave79 05/21/19 03:27:06 PM
#33642   How do you think that will be handled Dallas-Cowboys 05/21/19 02:07:21 PM
#33641   Agreed. It was another positive conf. call, with dave79 05/21/19 12:11:37 PM
#33640   So signs of going public? Chenteddybear 05/21/19 12:11:12 PM
#33639   Love the sound of shareholders agreement. tweedking 05/21/19 10:18:11 AM
#33638   Wow A term sheet expected to form the basis tweedking 05/21/19 10:12:43 AM
#33637   Sounds like somebody is about to bail. jerrybrockman 05/21/19 08:50:04 AM
#33636   China Joe and his son are buying up Xl175 05/20/19 11:13:46 PM
#33635   Something is up....volume increasing Chenteddybear 05/20/19 11:01:07 PM
#33634   Golar reports tomorrow Grouse Hunter 05/20/19 09:17:06 PM
#33633   Sometimes a cigar is just a cigar, other jerrybrockman 05/20/19 05:47:04 PM
#33632   Bipolar running high 05/20/19 04:28:57 PM
#33631   107M shares in the public float, come one Xl175 05/20/19 04:24:02 PM
#33630   Just like everyone else on this board I Xl175 05/20/19 04:14:05 PM
#33629   What are you still doing on this board? nac109 05/20/19 03:56:27 PM
#33628   Just look at the president in office now..... bigrun 05/20/19 12:46:13 PM
#33627   Biden would be a great leader, just look jerrybrockman 05/19/19 07:36:06 PM
#33626   China Joe to the rescue Xl175 05/19/19 12:31:39 PM
#33625   China holds the cards. Park the lng sales. Xl175 05/19/19 12:28:23 PM
#33623   "The US LNG sector could be hit hard tweedking 05/18/19 03:14:00 PM
#33622   I believe that's about what Delfin paid for Toxic Avenger 05/17/19 03:08:58 PM
#33621   You have incorrectly assumed that the company is Toxic Avenger 05/17/19 03:07:24 PM
#33620   Interesting... Coincidentally, I transited through Hong Kong goldengeo_01 05/16/19 10:06:00 PM
#33619   Sounds great. Meanwhile I’m still working on jerrybrockman 05/16/19 08:46:22 PM
#33618   PROJECT SPOTLIGHT: DELFIN LNG: AN INNOVATIVE APPROACH TO FLNG goldengeo_01 05/16/19 04:42:02 PM
#33617   The true value is .001 pennies. It’s going Xl175 05/16/19 03:41:24 PM
#33616   Which is more than the worth of your opinion. tweedking 05/16/19 01:41:20 PM
#33615   Not necessarily, it’s a 3c stock for good reason Xl175 05/16/19 01:06:24 PM
#33614   Reverse split is good Lol. At least we’ll Exposeall 05/16/19 12:27:53 PM
#33613   Good luck selling anymore stock if they do that. Grouse Hunter 05/16/19 12:27:10 PM
#33612   Or they do a corporate action and authorize Xl175 05/16/19 11:20:12 AM
#33611   There has been lots of speculation that they Shazbat 05/16/19 09:50:15 AM
#33610   The current market has been great for the Grouse Hunter 05/16/19 09:44:04 AM
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