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you also have to figure Ed and Robin sitting on 10 times that much Ed used to work for a big brokerage house in NY City
No wonder this stock moves 75% on only 2 million shares traded. The damn float is locked up! Now if we can get the idiots who bought on Dec 22nd to stop selling for beer money, we could see a huge day, especially if they put out the filings. They are due today or at the latest Friday. JMHO
Starting to gap already...
Today will be Big
.10+
Patiently waiting for more filings from new CEO and owners.
https://www.sec.gov/cgi-bin/browse-edgar?CIK=tglo&owner=exclude&action=getcompany
$TGLO
I'm guessing the actual float is smaller.
That money is there for two reasons 1 I am not smart enough to ever predict what this crazy market will do.
2. I did not sell for a few bucks
Lordy! Someone is happy!
Did you say you had 4 million shares?
Bring on the business plan we are due for a major price correction
This is my highlighted Etrade 360 portfolio
Views
Market Value
$273,569.09
Today's Gain / Loss
$22.90K / 9.14%
Total Gain / Loss
$254.85K / 1,367.24%
That is worth another read!
We always talk about Fred Jones but Clearly Dan is the Man Too!
Fairwood Appoints New Chief Operating Officer
Dan Werner played a critical role in Golar LNG’s evolving floating liquefaction business, providing him intimate knowledge of industry developments in the United States Gulf Coast, Africa, Canada, Asia and Latin America.
TUESDAY,APRIL 28,2015
Fairwood Peninsula Energy Corp., the parent company and 100%-owner of Delfin LNG LLC, announced the appointment of Daniel “Dan” Werner as Chief Operating Officer. Dan was previously Senior Vice President of Commercial at Golar LNG and brings more than 25 years of experience in the development, negotiation, and implementation of natural gas and LNG trading, transportation, and tolling agreements.
Dan played a critical role in Golar LNG’s evolving floating liquefaction business, providing him intimate knowledge of industry developments in the United States Gulf Coast, Africa, Canada, Asia and Latin America. His efforts have included commercial structuring and development of key baseline project and tolling agreements. Over the past two years, Dan was also a principal on the team that negotiated and delivered multiple technical and commercial agreements related to the conversion of two Golar LNG carriers into floating LNG production vessels.
Prior to Golar LNG, Dan’s professional experience included senior leadership roles with BG Group, Sempra LNG, and El Paso Energy in the areas of LNG procurement and marketing, natural gas marketing, transportation, and project development. He has also been responsible for oversight of permitting, engineering, construction, and operations of natural gas surface production and midstream facilities. Dan also holds several patents related to pipeline construction technology.
Throughout his career, Mr. Werner has resided and worked in the United States, Mexico, West Africa, UK, Egypt, and Singapore. He holds an MBA in Finance and Marketing and a Bachelor of Science in Electronics Engineering. Mr. Werner will be based in Fairwood LNG’s headquarters in Houston, Texas.
Frederick Jones, Chief Executive Officer of Fairwood LNG and Founder of Delfin LNG, commented: "We are very pleased to be adding an individual of Dan’s caliber to the Fairwood LNG team. As Fairwood LNG continues to develop the first floating liquefaction project in the United States, Delfin LNG, we could not think of someone better qualified to further advance the project’s commercial and technical aspects. Further, we believe Dan’s decision to leave a prominent midstream LNG company to join Fairwood LNG is a strong endorsement of the quality of Delfin LNG."
Dan Werner commented, "I am thrilled to be joining a first-class, high-growth company like Fairwood LNG. Having been a principal at one of the leading floating liquefaction companies, I have studied the full spectrum of proposed liquefaction projects and can say with the utmost confidence that Delfin LNG is one of the most attractive projects in the world. I look forward to helping make Delfin LNG the first floating liquefaction project in the United States and to developing further growth opportunities for Fairwood LNG going forward."
Possibly more not including new plan with shell imo "If the NOLs are valid, it would imply that our 30% is worth $35 million.
Given that we have a little more than 129 million shares, that implies a value of $0.27 per share"
The issue is the number of unknowns at this point.
Sure we can fly, but Delfin can open it's mouth and the harsh reality could snap this back hard.
I expect Delfin to release something by Monday morning at the latest, I am just not sure everyone here will like it.
Personally I think we are undervalued still.
But I could be wrong.
I do think $5 or $20 calls are misleading as they value the shell at over $500 million.
If the NOLs are valid, it would imply that our 30% is worth $35 million.
Given that we have a little more than 129 million shares, that implies a value of $0.27 per share.
I have only counted the shares that Delfin does not own for that calculation.
There were a TON of nimrods in $TGLO hence the reason we couldn't sustain .03
However we all knew the flippers would exit sooner or later and they have so it's time to trend north bound once again. I fully expect the chart to have a healthy stair stepping look to it moving forward.
This is going to be a fun one for sure
Delfin Midstream is no joke. I have been in oil & gas for 11 years and I can tell you that Delfin and Fred’s prior baby Glencore are household names. This isn’t about “grabbing a pullback” or flipping for a couple of ticks. This is dollars per share potential
OK friend,you take care and I believe I am gonna do the same here myself
Had a great end of year and the New Year is looking up so far as well, hope to see you around the board, I have to go get some sleep.
Good Night and All the best Bud
Glad you found it ,yea it's going ok except this flu I caught last week sure is hard to shake.He you had a good holiday too buddy.
I just watched this short video on my TV http://www.golarlngpartners.com gives one a clearer view of what these folks are working on
http://www.shaleexperts.com/articles/Fairwood-Appoints-New-Chief-Operating-Officer_999975814
I was going to ask you if you knew what the approximate cost of a project this size would cost but found the info I was looking for http://investorshub.advfn.com/boards/read_msg.aspx?message_id=137401492
I should have read Helters post thoroughly http://investorshub.advfn.com/boards/read_msg.aspx?message_id=137244719
lol
Hope your New Year is starting off great
Hey buddy I don't have personal messaging email me if ya need at southgas50s@gmail The Globe looks nice
Very impressive! TGLO is about to fly!
Sticky This! Good Stuff!
IMO
OK thanks.
$TGLO$
He is saying he was told that with Cheniere at $7 the symbol is LNG.
Were you told $7 in this reverse merger play (TGLO/Delfin)? Just curious, whoever told you, are they a credible source? TIA
There have been 2 other LNG company reverse mergers in 2017. The revenue potential is staggering once it gets up and running. Look at Chenierres revenues to start.
I'm going to see if I can find the volume for the 6 months prior to this shell purchase. Just imagine if the 8k reveals that they actually own 80-85 percent of commons?
Like i was told at $7.00 a share in LNG. Doesn't matter where you buy.
It's going to be a great place to park real money.
TGOL is no LNG.......yet!, but it can run just as hard.
I'd be adding on every dip.
This is the future of our energy needs. Our cars should be running on this stuff.
News drops or an 8k on the R/M and this is above .50
Digging into the DD and WOW..... doubling down here
$TGLO steady barchart 100% buy https://www.barchart.com/stocks/quotes/TGLO/opinion
Agreed and at the moment "moves on air"...
2,321,756 traded for $90,706 for an avg pps of $0.0391...climbing, climbing, climbing, thin, thin, thin...
8K needs to be filed within 4 business days...look for one tomorrow. Maybe even a PR.
Green on low volume day. Buckle your seat belts.-reconranger
Agree! TOOO THIN!! Impossible to pump.. LOL
IMO
$TGLO so hot nobody needs to pump
Looks like it moves on air. Up 77% with only 2.3 million traded volume.
$TGLO$
imho of course.
What part of "worth billions" is too difficult for some people to understand?
Yup buddy ....I can wait for that kind of returns! Meanwhile in any event, my instinct tells me this might trade in the dollar land not in too far distant time frame, imho.
We'll see!
"The $8 billion LNG project will be located 50 miles off the coast of Louisiana."
https://www.commerce.gov/sites/commerce.gov/files/department_of_commerce_u.s._-_china_business_exchange_ceo_delegation_companies_signings_and_additional_company_signings.pdf
So when done it will be worth $8,000,000,000 Divided by OS 441,484,838 = $18.12 ????
Not familiar with NUG* business model. I would be ecstatic if TGLO made similar PPS move as NUG*.
Yup it's just getting started, engine is warming up, imho.
$TGLO$
Hope to see a NUG@S type of chart from 0.0x to 6$ now . This potentially has billions in assets NUGS what they have ?? Smh
They will when you see the SEC filing showing who owns the 71%! That is all that is left! After that, it will be just trying to chase the price up! Just wait until the traders find out! The float is locked up and you know that by 75% gains each day on 2.3 million shares traded. Then you are going to see some things only experienced periodically in the markets. JMHO
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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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