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Blow harder, we are all counting on you and the other 50k @ .35+ crowd
NOT WORRIED! Marketmakers are at it again! 109 shares drops the bid down to .19.... NOPE i'll take that 5k at . 20
:)
Mon, Mar 18, 2024 02:29:14 PM 0.1901 100
Mon, Mar 18, 2024 01:57:32 PM 0.199 9
Mon, Mar 18, 2024 01:00:20 PM 0.21 30
Mon, Mar 18, 2024 11:50:35 AM 0.21 5,000
Mon, Mar 18, 2024 11:50:20 AM 0.21 10,000
Mon, Mar 18, 2024 09:30:03 AM 0.21 2,200
SHOUT OUT to DINO! See TODAY's NEWS: Venture Global Buys Nine Vessels to Transport LNG https://oilprice.com/Latest-Energy-News/World-News/Venture-Global-Buys-Nine-Vessels-to-Transport-LNG.html You think DELFIN's name is not brought up by the SAME law firm lol you are kidding yourself! https://www.lw.com/en/news/2023/03/latham-watkins-advises-venture-global-on-the-plaquemines-lng-projecthttps://finance.yahoo.com/quote/ET?.tsrc=fin-srch. Two advisors are connected to Delfin. Latham and Watkins and CITI on this merger with Energy Transfer which is now a $50B market cap company with 8% dividend. TGLO is Delaware too. Tick tock. (thanks DINOGREEVES)
What date did you say the permits expire again?
Dino has free time to amuse myself with your pathetic BS. Nothing I say will change the fact what TGLO would do you fool. This is "Hotel California" until it isn't and no, I am definitely not under water. Only if you knew how many shares I have, you would grow two more horns from your skull, I know you have two already. One more thing by the way, 20% of my shares are free here, before you ponder on how, well, very simple, I made money on other trades and bought the shares here.
Dino needs to sell his shares on Monday because he is UNDER WATER.
https://finance.yahoo.com/quote/ET?.tsrc=fin-srch. Two advisors are connected to Delfin. Latham and Watkins and CITI on this merger with Energy Transfer which is now a 50 billion market cap company with 8% dividend. TGLO is Delaware too. Tick tock.
"The transaction has been approved by the Board of Directors of ET and the Conflicts Committee and the Board of Directors of Enable. The two largest unitholders of Enable, OGE Energy Corp. (“OG&E”) and CenterPoint Energy, Inc. (“CNP”), which also control the General Partner of Enable, have entered into support agreements, pursuant to which they have agreed to vote their Enable units in favor of the merger, upon effectiveness of the S-4 Registration Statement with the SEC. These two unitholders own approximately 79.2% of Enable’s outstanding common units. The transaction is expected to close in mid-2021 and is subject to the satisfaction of customary closing conditions, including Hart Scott Rodino Act clearance. Upon closing, Enable unitholders are expected to own approximately 12 percent of Energy Transfer’s outstanding common units."
"Item 7.01 Regulation FD Disclosure
On February 17, 2021, Energy Transfer LP, a Delaware limited partnership (“ET”), issued a press release announcing its entry into a definitive merger agreement to acquire Enable Midstream Partners, LP, a Delaware limited partnership (“Enable”). Under the terms of the merger agreement, Enable’s common unitholders will receive 0.8595 of an ET common unit in exchange for each Enable common unit. In addition, each outstanding Enable Series A preferred unit will be exchanged for 0.0265 of an ET Series G preferred unit, and ET will make a $10 million cash payment for Enable’s general partner. The full text of the press release is included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated into this Item 7.01 by reference."
https://ir.energytransfer.com/static-files/ec60713b-9c87-48de-8737-4ffe12c75645
"Advisors
Citi and RBC Capital Markets acted as financial advisors to Energy Transfer and Latham & Watkins LLP acted as legal counsel. Goldman Sachs & Co. LLC acted as financial advisor to Enable and Vinson & Elkins LLP acted as legal counsel. Intrepid Partners, LLC acted as financial advisor and Richards, Layton & Finger, PA acted as legal counsel to Enable’s conflicts committee."
Latham and Watkins are the key people to take Delfin across the finish line. They have the key people in every sector to get the job done.
This COMMON STOCK PURCHASE AGREEMENT (this “Agreement”) dated as of December 20, 2017, to be effective as of December 31, 2017, by and between DELFIN MIDSTREAM, LLC, a Delaware limited liability company (“the Purchaser”) and MICHAEL S. EGAN, S. JACQUELINE EGAN, DANCING BEAR INVESTMENTS, INC., a Florida corporation, E&C CAPITAL PARTNERS, LLLP, a Florida limited liability limited partnership, E&C CAPITAL PARTNERS II, LLLP, a Florida limited liability limited partnership, THE REGISTRY MANAGEMENT COMPANY, LLC, a Florida limited liability company, AND THOSE CERTAIN GRANTOR RETAINED ANNUITY TRUSTS (EACH A “GRAT”) WITH MICHAEL S. EGAN, AS GRANTOR, AND WITH A SEPARATE GRAT FOR THE BENEFIT OF EACH OF ELIZA SHENNERS EGAN, CATHERINE LEWIS EGAN, TEAGUE MICHAEL THOMAS EGAN, RILEY MARTIN MICHAEL EGAN AND SARAH EGAN MOONEY (collectively, the “Sellers”).
W I T N E S S E T H:
WHEREAS, the Sellers, each controlled by Michael S. Egan, are currently the beneficial owner of 334,899,952 shares of THEGLOBE.COM, INC. a Delaware corporation (the “Globe” or the “Company”), representing approximately 75.9% of the Globe’s issued and outstanding common stock; and
Is O&G is secret as this one has been?
This is exactly from the filing.
"WHEREAS, the Sellers are retaining 22,060,000 shares of the Globe, representing approximately 4.99% of the Globe’s issued and outstanding common stock; and"
Howdy, almost same zip codes, just cross Co lines
Lots of shuffling around. For what purpose, somehow to lose track of what has transpired and what is to transpire?
Fairwood Penninsula appears to have been created by a $4m cash infusion from Enbridge, or a 5% stake. Fairwood has 1 manager, Fred Jones, as does tglo, Fred Jones... I don't see any other transactions involving Fairwood other than the $4m from Enbridge, and that they own 100% of Delfin, which Jones created... does Fairwood still exist, as in the 13d recently posted, they allowed Delfin to acquire 100% of tglo via "WC" or "working capital" , is Fairwood still viable
"We may suffer adverse consequences if we are deemed an investment company under the Investment Act of 1940 and we may incur significant costs to avoid investment company status.
We do not believe that we are an “investment company” as defined by the Investment Company Act of 1940. If the Securities and Exchange Commission, or SEC, or a court were to disagree with us, we could be required to register as an investment company. This would negatively affect our ability to consummate a potential acquisition of an operating company, subjecting us to disclosure and accounting guidance geared toward investment, rather than operating companies; limiting our ability to borrow money, issue options, issue multiple classes of stock and debt, and engage in transactions with affiliates; and requiring us to undertake significant costs and expenses to meet disclosure and regulatory requirements to which we would be subject as a registered investment company."
Very good post North, I too thought 100 million was low. We don't know the numbers on this one, how much the assets the pipeline was bought from Enbridge. Latham and Watkins charges $2000 an hour minimum.
https://www.marketscreener.com/quote/stock/ENBRIDGE-INC-1409882/news/Delfin-LNG-LLC-completed-the-acquisition-of-UTOS-Pipeline-from-Enbridge-Inc--38553074/
https://www.businesswire.com/news/home/20150701005765/en/Delfin-LNG-Announces-Equity-Investment-by-Enbridge-Inc.
Take a look at the website today and compare it with this one with UTOS. Look at the pipe between this one and the one on the website.
https://delfinmidstream.com/assets/
This one is very interesting.
https://www.sec.gov/Archives/edgar/data/1066684/000114420418001789/tv483103_sc13d.htm
This may have been posted already, but I found the last paragraph the most enticing
https://www.upstreamonline.com/lng/samsung-poised-for-floating-lng-newbuild-epci-prize/2-1-1612043
The US project operator said it has “ample commercial contracts” for that purpose, having secured long-term contracts with five LNG offtakers for a total of 3.3 million tpa — some of which may not be sourced from Delfin’s first FLNG vessel — with additional volumes in advanced commercial negotiations that will result in financial underpinnings for the second FLNG facility as well.
LOL .....And you know this how
Thanks. I didn’t realize design work would be anywhere near that. That’s insane.
If this 2% number is correct, the FEED with SHI on a $2.5B vessel is $50M alone. I believe their FEED was a LSTK as well. More comprehensive and detailed means more $$$. There's also the pre-FEED, pipeline maintenance, environmental studies, green house gas studies, salaries, Latham & Watkins, TGLO, etc. Honestly, I thought $100M sounded kind of low.
No way do I believe they've actually spent $100 million cash out of pocket. It's all accounting or puffery. And just because they said it doesn't mean it's true as we so well know
However that being said, I do know that the cost of hookers in Amsterdam and drugs have also increased dramatically over the past 6 years so who knows
Any idea what they could have supposedly spent $100 million dollars on? They didn’t mention a timeline for that expenditure. I haven’t seen any asset purchases and I hope they aren’t making that kind of salary yet.
Might be nothing but for the first time since the 2018 10K for FY 2017, this 10K was filed 13 days earlier, on average, than any previous 10K filing.
Just feels like everything is on an accelerated timeline. I truly doubt that we are going to have to wait until June 1, 2024, or MARAD's certificate to see some major move on the part of Delfin. No reason to feel this way and they have proven us wrong many times, but just saying....they dont have time to waste with delivery dates and build outs LOOMING just around the corner.
Plus, Fred is 76 and I'm sure he wants to be more than just a footnote as the man who envisioned $DELFIN.
"Directors who are also our employees or officers receive no compensation for serving on our Board. Mr. Jones did not receive a salary, bonus or awards in 2023 for his service on the Board. We reimburse non-employee/non-management directors for all travel and other expenses incurred in connection with attending Board meetings. All of our stock option plans have been terminated and there were no unexercised equity awards outstanding as of December 31, 2023."
60 billion dollar company, which Jones was the founder of.
https://finance.yahoo.com/quote/GLNCY?.tsrc=fin-srch
"We are not aware of any arrangement or understanding between Mr. Jones and any other person pursuant to which he was elected or appointed to his current positions. Neither Mr. Jones nor any immediate family member of Mr. Jones has been a participant in any transaction or currently proposed transaction with the Company that is reportable under Item 404(a) of Regulation S-K.
Due to his status as material stockholder of Delfin, which is our controlling stockholder, and his willingness to serve without compensation, we believe Mr. Jones is in the best position to serve as our director until such time that our controlling stockholder determines the direction of the Company.
Frederick Jones, 76, has been involved in international commodity trading, energy infrastructure, real estate, and oil and gas businesses for approximately 50 years. Mr. Jones was one of the early investors in U.S. shale gas. For approximately the past ten (10) years, Mr. Jones has served, and continues to serve, as the Chief Executive Officer of Fairwood Peninsula Energy Corporation (“Fairwood”), a midstream liquefied natural gas company. Fairwood is a material stockholder of our controlling stockholder, Delfin Midstream, Inc. (“Delfin”). Mr. Jones was a founder of Fairwood and is currently a material Delfin stockholder. He was also a founding stockholder in Marc Rich + Co A.G., Switzerland, now known as Glencore Plc."
(6) SUBSEQUENT EVENTS
"The Company’s management evaluated subsequent events through the time of the filing of this report on Form 10-K. The Company’s management is not aware of any significant events that occurred subsequent to the balance sheet date but prior to the filing of this report that would have a material impact on its financial statements, with the exceptional of additional funding received from Delfin of $50,000 on January 5, 2024. The Amended and Restated promissory note are attached as an exhibit."
"Management anticipates continued funding from Delfin over the next twelve months as it determines the direction of the Company."
Appoint Dudley Poston as CEO and Jones will seat as a Chairman. Off to the races.
"Our management may have other interests that may conflict with the interests of our stockholders.
Mr. Jones became our Chief Executive Officer in 2018. Mr. Jones currently serves as the Chief Executive Officer of Fairwood, which is a material stockholder of Delfin, our controlling stockholder. Mr. Jones is a material stockholder of Delfin and also maintains directorships, investments and participations with and in other companies and entities, including those that may be involved in the gas and/or energy business. Although there are currently no relationships between the Company and these entities, Mr. Jones, due to his relationship with such entities, will have an inherent conflict of interest in making any decision related to transactions between the related entities and the Company. Furthermore, since Mr. Jones is also the sole member of our Board of Directors (the “Board”), our Board presently is not “independent.” In the event that we have independent directors in the future, we intend to review related party transactions on a case-by-case basis."
I think it was 440 on the last 10K.
"We had approximately 420 holders of record of Common Stock as of February 28, 2024. This does not reflect persons or entities that hold Common Stock in nominee or “street” name through various brokerage firms."
Sooner than I expected. Like you were saying earlier, those tree huggers and shrimp sucking individuals are going to eat sand (chit) very soon. If you are not a trader, it will all be worth it. It is still "Hotel California" until it isn't, when the masses in this sector find out about the merger, it will be stampede. I can see why Egan is not updating the OTC with Jones being listed as the CEO. I fully committed and a stack to be proud of because of you and a few others on this board.
Same old essentially. No significant events mentioned per usual.
If the already spent 100M on the project then 1M is just a drop in the bucket.
I’m surprised no publications or news orgs have mentioned that Delfin owns 71 % of tglo and has funded it for 1 mil over 6 years.
Another mention:
https://www.bloomberg.com/news/articles/2024-03-15/biden-s-lng-freeze-delaying-projects-and-risking-us-market-share
Full article from:
https://wap.stockstar.com/detail/IG2024031500036065
(Original title: Biden’s suspension of approval of new LNG export projects has jeopardized U.S. market share)
Zhitong Finance APP has learned that the Biden administration’s suspension of issuing new licenses to liquefied natural gas exporters has hindered the progress of some projects that were originally planned to be commissioned before 2030.
Several LNG buyers have delayed signing new long-term contracts with U.S. producers until the situation becomes clearer, according to people familiar with the matter. Those buyers include Malaysian state-owned oil and gas company Petroliam Nasional Bhd. The company is in talks with Cheniere Energy Inc. and others but is unwilling to commit until a license is approved, people familiar with the matter said.
Japan's Jera Co. and at least two Chinese companies are also scrutinizing U.S. projects more closely before moving forward with negotiations, people familiar with the matter said.
The United States was the world's largest exporter of natural gas power plants and heating fuel last year. In January, the U.S. stopped approving new permits to study the potential impacts of increased natural gas production and exports on climate change, the economy and national security.
A U.S. Department of Energy official said last week that the process could take months, leaving U.S. producers who need to lock in deals to obtain financing from banks in a difficult position.
Venture Global LNG Inc.’s upcoming CP2 project in Louisiana has not received the approvals it needs to move forward and is likely to delay its final investment decision, a necessary step before major construction can begin, people familiar with the matter said.
“If there are no further delays in federal approval of the project, first LNG is expected to come on stream in 2026,” Venture Global spokesperson Shaylyn Hynes said, reiterating the company’s previously announced launch target.
Meanwhile, Sempra has delayed its decision to invest in a plant in Cameron, Louisiana, and Commonwealth LNG has delayed plans to build an export terminal in the state.
“The longer the moratorium lasts, the bigger the problem will be,” said Paul Varello, chairman and founder of Commonwealth. He said project developers were unable to get quotes from contractors and promises to buyers on certain delivery dates could fall through. .
Another problem is that U.S. exporters cannot obtain the necessary debt financing commitments from banks unless approved by the U.S. Department of Energy. These projects cost billions of dollars and are competing to capture a piece of booming global demand. Other developments in Qatar and the United Arab Emirates are progressing rapidly and have the potential to steal market share from the United States.
There are no major deals in the first quarter of 2024, except for a small agreement signed by Delfin LNG, which has all the required licenses. By comparison, nearly 8 million tonnes per year of long-term agreements were signed for projects in the United States or Mexico in the first quarter of last year.
Hey neighbor, Walker Co here. Go TGLO.
Yes I agree. Would be nice to see them do so.
Why hello neighbor! Polk County here, just north of Livingston.
I volunteer at the Houston Open every year. Hopefully Delfin gets to the point where we see their name as sponsors at golf tournaments, baseball games, Rodeo, etc.
It’s simple DC. Free Speech doesn’t exist on ihub.
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Moderators Eagle1 dinogreeves jerrybrockman chen1992 |
TGLO (theglobe.com)
Delfin Midstream LLC. (Parent Company)
LNG developer Delfin Midstream LLC is the majority owner (71%) of TGLO with 312,825,952 shares
(https://delfinmidstream.com)
DELFIN DOE EXTENSION REQUEST:
03/06/2024: Request of Delfin LNG LLC for Supplemental Order Granting Conditional Extension of the Time for Long-Term Authorizations to Export Liquefied Natural Gas
DELFIN FERC STATUS UPDATE:
10/05/2023: FERC Grants Delfin's Request for a 4-Year Extension
RECENT MEDIA NEWS/BILLION DOLLAR AGREEMENTS:
2/14/2024: Chesapeake Energy Corporation, Delfin LNG and Gunvor Sign Long-Term Liquefaction Offtake Agreement Indexed to Japan Korea Marker
11/27/2023: Delfin Midstream Signs Long-Term LNG Supply Agreement with Gunvor
8/22/2023: Delfin Accelerates the Development of FLNG Vessels in Partnerships with Wison Offshore & Marine
7/11/2023: Centrica Sings Major LNG Supply Agreement
6/8/2023: Delfin Enters Strategic Investment Agreement with Mitsui O.S.K Lines
4/24/2023: Delfin Signs LNG Sale and Purchase Agreement with Hartree
9/5/2022: Delfin Midstream and Devon Energy Enter into LNG Export Partnership
8/9/2022: Delfin signs LNG agreement with Centrica (15 year, estimated at $8 billion)
7/13/2022: Delfin finalizes offtake agreement (15 year, estimated $3 billion in revenue) with Vitol which includes a strategic investment in Delfin
REVERSE MERGER POTENTIAL:
Event Date: 12/31/2017: Delfin Midstream, LLC. became the majority owner (70.9%) of TGLO (theglobe.com) with 312,825,952 shares. Below are the corresponding filings and a subsequent article, alluding to the possiblity of a reverse merger based on the trend of other LNG companies performing reverse mergers (e.g., TELL). NOTE: As of TGLO's last 10Q filing (November 7, 2023), Delfin has continued to fund TGLO through loans, totaling $1,234,000.
1/10/2018: Delfin Midstream, Inc., Form 3
1/11/2018: TGLO, Form 13D
1/11/2018: S&P Global Article: "Delfin LNG developer says it may merge into idled company it bought 71% of"
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 approved the project in March 2017.
The Delfin LNG project would be the first offshore liquefaction terminal in the U.S.
DELFIN MIDSTREAM'S PROJECTS:
Delfin LNG Overview
Delfin LNG is a brownfield Deepwater Port requiring minimal additional infrastructure investment to support up to four FLNG Vessels producing up to 13 million tonnes of LNG per annum. Delfin purchased UTOS pipeline, the largest natural gas pipeline in the Gulf of Mexico, in 2014 and submitted its Deepwater Port license application in 2015. Delfin LNG received a positive Record of Decision from the Maritime Administration (MARAD) and approval from the Department of Energy for long-term exports of LNG to countries that do not have a Free Trade Agreement with the United States for up to 13 MTPA.
Avocet LNG Overview
Delfin owns a second pipeline system (Grand Chenier) which can be used for either:
-A second Deep Water Port (Avocet LNG) or a Delfin LNG expansion for an additional 2 FLNGVs of up to 8 MTPA in total; or
-An increased feedgas supply option for the Delfin LNG Deep Water Port allowing Delfin LNG to be fed by two pipeline systems, giving increased gas supply flexibility and security for the Delfin FLNG Vessels.
Avocet LNG’s MARAD permitting process will be significantly cheaper and more efficient as the company can leverage the Delfin LNG’s successful permitting work.
The GrandChenier pipeline system connects to major interstate pipelines providing access to abundant pipeline-quality natural gas.
DELFIN AND TGLO MANAGEMENT:
Dudley Poston
Chief Executive Officer
-EVP at Golar LNG from 2010-2018, focusing on the commercial development of Floating Storage and Regasification Units, Floating Liquefication, and small-scale LNG
-Prior to joining Golar, 16 years of experience in the U.S. natural gas industry as a financial and physical trader for Koch Industries, The Williams Companies, and Citigroup
-B.A. in Government from the University of Texas, M.A. in Economics from The State University of New York, and M.S. in Finance from Texas A&M University
Wouter Pastoor
Chief Operating Officer
-Head of Commercial and Director of FLNG Development at Golar from 2014-2018, focusing on the Hilli, Fortuna and Tortue projects and leading new FLNG design & business developments
-Prior to joining Golar, 13 years of experience in the LNG industry, primarily focused on technical and commercial development of Floating LNG projects
-Ph.D. and M.Sc. in Naval Architecture and Ship Hydromechanics from the Delft University of Technololgy in the Netherlands
Oscar Spieler
Executive Chairman of the Board
-Previous CEO at Golar LNG, Frontline and Sea Production and Chairman of Quantafuel
-Board experience from multiple companies within the shipping, drilling and finance sectors, including Offshore Merchant Partners, Energy Drilling Ltd, Jasper Investments, Archer, Avenir LNG, North Atlantic Drilling and Sealift
-M.Sc in Naval Architecture and Engineering from the Norwegian University of Science and Technology
TGLO (theglobe.com) Management
Frederick P. Jones
President, Chief Executive Officer, CFO & Director, theglobe.com, Inc.
Frederick P. Jones founded Fairwood Peninsula Energy Corp. and Delfin Midstream LLC. In his past career, he held the position of Chief Executive Officer of Fairwood Peninsula Energy Corp. and Chief Executive Officer at Delfin Midstream LLC. Mr. Jones was a founder-shareholder of March Rich and Co. AG, now Glencore plc. He is also a former Advisor to the President of OPEC. Mr. Jones was one of the early investors in U.S. shale gas. Together with his partners he developed assets in the Barnett shale starting in the mid-1990s.
Throughout his 40 years of experience in the energy industry, Mr. Jones has developed projects and businesses in LPG marketing, coal bed methane extraction, hydroelectric power, and natural gas. He has led numerous ventures with various public and private entities throughout the world.
SHARE STRUCTURE, FILINGS, LINKS, ETC.
TGLO Share Structure (as of last filing, November 7, 2023)
Common Stock
Authorized Shares: 500,000,000
Issued: 441,480,473
Preferred Stock
Authorized Shares: 3,000,000
Issued: 0
Delfin Midstream Ownership Structure (as of June 12, 2018 - 95.43% reported)
Ownership Reference Document:
https://fossil.energy.gov/ng_regulation/sites/default/files/programs/Delfin_CIC_07_11_18.pdf
Fairwood Peninsula: 30.7%
Talisman (Global Alternative Master 25.5% and Global Capital Master 20.1%; Indirect ownership through Fairwood shares 8.17% ): 53.77%
Frederick Jones (9.3% Delfin Midstream and 1.66% indirect ownership through Fairwood shares): 10.96%
Filings
https://www.otcmarkets.com/stock/TGLO/disclosure
Significant Headlines:
2.13.24 https://lngprime.com/americas/chesapeake-seals-lng-deal-with-delfin-and-gunvor/104761/
"US shale gas producer Chesapeake Energy has entered into an offtake deal with Delfin Midstream, the US developer of a floating LNG export project in the Gulf of Mexico, to supply LNG to Geneva-based trader Gunvor. Chesapeake said in a statement on Tuesday that the LNG export deal includes executed sales and purchase agreements for long-term liquefaction offtake. Under the SPA, Chesapeake will buy about 0.5 million tonnes per annum (mtpa) of LNG from Delfin at a Henry Hub price with a targeted start date in 2028... Delfin said in November it had secured commercial agreements for LNG sales and liquefaction services and the firm was “in the final phase towards FID on its first three FLNG vessels”.
11.27.23 https://www.reuters.com/business/energy/delfin-signs-15-year-lng-supply-agreement-with-gunvor-2023-11-27/
Nov 27- Delfin Midstream Inc said on Monday it had entered into a long-term liquefied natural gas (LNG) supply agreement with global commodity trader Gunvor.....The company secured commercial agreements for LNG sales, liquefaction services and is in the final phase towards final investment decisions (FID) on its first three floating LNG vessels, the release added.
8.26.23 https://maritime-executive.com/corporate/delfin-accelerates-the-development-of-flng-vessels-with-wilson-offshore
Delfin Midstream announced today that it has entered into a design and engineering contract with Wison Offshore & Marine to develop Floating LNG (FLNG) vessels for application on the Company’s Deepwater Port projects currently under construction in North America... Commenting on the announcement Wouter Pastoor, COO of Delfin says: “Wison has been visionary to develop its design, engineering, and construction capabilities for the LNG industry and in particular the floating LNG segment. Sharing our commitment and entrepreneurial spirit, Wison’s goal is to continue into a full FEED later this year such that FLNG vessel construction can start at their shipyard in mid 2024.”
07.11.23 https://www.centrica.com/media-centre/news/2023/centrica-signs-major-lng-supply-agreement/
"Centrica and Delfin Midstream Inc. today announced the signature of a long-term Sale and Purchase Agreement for 1.0 million tonnes per annum (MTPA) of Liquefied Natural Gas (“LNG”) for 15-years on a Free on Board (“FOB”) basis at the Delfin Deepwater Port, located 40 nautical miles off the coast of Louisiana. This agreement will see Centrica take delivery of around 14 LNG cargoes per year and could provide enough energy to heat 5% of UK homes for 15 years."
6.08.23: https://www.globenewswire.com/news-release/2023/06/08/2685156/0/en/Delfin-Enters-Strategic-Investment-Agreement-with-Mitsui-O-S-K-Lines.html
"We are delighted to announce our partnership with Delfin, marking the beginning of a fruitful endeavor together. Drawing on our extensive expertise gained from previous LNG Carrier and FSRU projects and other ventures, we anticipate collaborating with Delfin to successfully drive forward this project toward our initial shared goal of quickly making Final Investment Decision on the first FLNG vessel."
3.27.23: https://lngprime.com/lng-terminals/delfin-plans-to-take-fid-on-first-floating-lng-producer-in-q2/77184/
“With fully termed agreements signed and others under negotiation, Delfin is well on its way to FLNG 1 FID and has laid the foundation for FLNG 2 FID,” the firm said in the presentation. Delfin plans to FID on the first vessel by the end of Q2 2023.
9.30.22: https://pemedianetwork.com/petroleum-economist/articles/gas-lng/2022/delfin-eyes-emerging-us-export-strategy/
9.12.22: https://oilprice.com/Energy/Natural-Gas/This-Large-US-Driller-Just-Made-A-Big-Move-Into-LNG.html
1.19.22: https://jpt.spe.org/delfin-lng-expects-investment-decision-on-floating-lng-project-this-year
10.15.20: https://www.rivieramm.com/news-content-hub/news-content-hub/first-us-floating-lng-export-facility-clears-engineering-feat-61305
6.1.17: https://www.energy.gov/articles/us-department-energy-authorizes-additional-liquefied-natural-gas-exports-offshore-project
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