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Next week share price is going to get hit, biggly. The week after that it’s going to tank because Biden’s DOE is going to block the permit just like MARAD has.
If Biden holds on in November he will make the lng pause permanent.
On or about 6-1-2024 the DOE is going to let Delfin’s non FTA permit expire. The share price will be halved once again.
No, it's marvelous idea. Why? You don't like to give your shares away for free to get Tumpy a guaranteed win.
That’s a really stupid idea.
I got a solution for you, send Trump 90% of your shares and that will guarantee his win.
During Biden’s run in 2020 he told us that he would regulate oil companies out of business. He is an honest man in this regard.
A Biden victory in November will mean a full throttle push for the green new deal, I am pretty sure that Biden handlers do see lng exports being a part of this agenda.
The only reason TGLO is at .16 is because Trump is wat ahead in the polls, otherwise the stocks values would be like .001
The current administration has lied to the American public, they talk out of both sides of their mouths and any idiot who thinks that they are just “pausing” these lng permits are FOOLS.
IF Biden wins in November, those permits are dead.
Nope, I am gambling on a Trump victory in November. oNLY shot Delfin has left.
I take it you sold then?
And who the hell cares, the Brandon Administration pulled the rug out from underneath Delfin. No permits will equal no contracts soon.
Thanks Mr. C. I guess they are as liberal as they get.
Yes, you are right, I didn't even bother looking at the address change on the last report. It could be intentional or a mistake, but funny how conveniently the address changes on the OTC Markets and yet Egan still the CEO on OTC Markets. It's either some pluckery going on or just an honest mistake. Thanks for the heads up.
OTC Markets is a mess and the management is a joke if you’ve ever dealt with them, and it could be something innocuous like wanting to get the correspondence sent back to the old address
I noticed the change on the filing last week. My guess is that it was intentional but not sure why.
1000 shares is missing from DTC, it could be a mistake.
Can't figure out why the address changed back to the old address, other than someone is playing games. Then again, it could be a mistake, whoever had access to OTC Markets.
Yes and good catch. 1000 shares went poof, insignificant, maybe a mistake, who knows. What I am interested to know more now, why did the address change to the old address just a few hours ago. Someone is definitely playing games.
Do you listen to this or these people because you like that they say? About an investment you are in?
Then we have those that are full of hot air who pumped and pumped why? Sell high try to buy low? Who are they?
Rough week moving forward, value will drop simply because most investors play the “wait and see game “ and sell first ask questions later.
🚨 $TGLO ┆ Pink Current
— OTCM Tracker (@OTCMTracker) May 18, 2024
🔑 AS:500.00M ┆ OS:441.48M ┆ US:NaN
✨ Held at DTC Shares Changed:
- 🔴 From: 91,167,650 (91.17M)
- 🟢 To: 91,166,650 (91.17M - 5/17/2024)
(Diff: -1.00K, % Change: -0.001%)
🚨 $TGLO ┆ Pink Current
— OTCM Tracker (@OTCMTracker) May 16, 2024
🔑 AS:500.00M ┆ OS:441.48M ┆ US:NaN
Address
− Removed
🔴 609 MAIN STREET, SUITE 2500, HOUSTON, TX, 77002
✚/✨ Added/Updated
🟢 14643 DALLAS PARKWAY, SUITE 650, DALLAS, TX, 75254
Nothing from last night.
5/14 10-Q that’s all I see.
Ceo same, description business same.
Nothing else.
TGLO
Held at DTC Shares Changed:
- 🔴 From: 91,167,650 (91.17M)
- 🟢 To: 91,166,650 (91.17M - 5/17/2024
Can anyone tell me what changed in the OTC Markets, since it was updated last night?
Pretty sure this goes back to traditional shell stock values after fJB and his doe can this project on June 1
Let’s face it, we’re in the wrong stock. I mean here we are, invested in a potential LNG play, and it seems like the perfect time, especially with major wars afoot in Europe and the Middle East. But we’re idiots.
When the Titanic was sinking…alarms going off…legend has it that many upperclass women retreated to their staterooms to make sure their powder and lipstick was perfect. Crazy? Sexiest? Or was it true?
Take a look at the most recent ten bagger….RENT…it has gone from 4 to 40, with a high of 58.
(Play Don Henley’s All She Wants to do is Dance) and check it out….the company rents out apparel worn by supermodels to the average everyday woman that can’t afford to buy. Seriously, RENT is a legitimate ten bagger, so let’s s can all this real world crap and rent dresses…I’d do it myself, but I just don’t have the legs for it.
https://www.renttherunway.com/?utm_source=partnerize&utm_medium=affiliate&utm_campaign=21181&utm_content=8-12557&campaign=PJ&pjcid=4750083582&clickId=4750083582&nb_platform=partnerize&nb_clid=4750083582&nb_subid=21181&nb_creative=8-12557
And to anyone curious, all comments posted in support of Delfin’s DOE extension request are available to view for the public!
https://fossil.energy.gov/ng_regulation/delfin-lng-llc-fe-dkt-13-147-lng-nfta
Great fiind thirdcoast!!!! Two influential U.S. Republican lawmakers have urged the head of the federal energy regulator to process applications for liquefied natural gas, or LNG, projects, saying any delays could force allies and partners to turn to countries like Qatar and Iran for the fuel.
The Federal Energy Regulatory Commission, an independent panel, approves other aspects of LNG projects including construction. Venture Global's Calcasieu Pass 2 LNG project got FERC's environmental approval in July last year, but FERC has not so far voted on its construction.
Senator John Barrasso, the ranking member of the Senate energy committee, and Representative Cathy McMorris Rodgers, the head of the House of Representatives energy committee, both Republicans, urged FERC Chairman Willie Phillips in a letter dated April 30 to process applications for LNG projects in a timely and fair manner.
Tell MORTEN to stop spying on linked in and get our ticker symbol changed LOL
that's awesome
Henhouse, thanks for your comment. "Lots of moving parts;" "gonna be a long ride" AND Delfin & DM "are ... competent... staff of well-seasoned (F)LNG executives on board". Agreed.
When you envisage this long ride~ are you seeing a wait 'til November/Jan? Or pushing as year? while Delfin regroups. Or even longer, in case takes years to morph into whatever's now needed - for MARAD's denial, but also (scary territory) if there's big consequences because the delay?
Or is it just to impossible to say.
FID FINALLY ANNOUNCED!!!
Can’t wait to hear those words from this community someday soon!
The same thing as the last report.
What did it say? Ty
Everyone's representation of TGLO is different. It could be "Guns of Navarone", it could "Battle of the Bulge", it could "Fist Full of Dollars", it could be "The Good, the Bad and the Ugly" if you wanted to talk about shows or movies. Since I am an avid music listener, I like "Hotel California" a true classic that everyone has heard, for you it may be "Homer's vacation" (I haven't even watched that, nor I would). Peace.
Hotel California? Nah, it is a far more classic trope than that. I am leaning towards a classic like Homer’s vacation. Lots of moving parts here, always have been. Gonna be a long ride maybe even longer with some tolling. All of the letter holders have seen this go from .02 to .80 and I would venture to say we aren’t worried. Delfin and Delfin Midstream are professional and have a very competent well seasoned staff of (F)LNG executives on board.
Zegnaj
There is no dilution in this "Hotel California", the only dilution that happened, when it was Nasdaq listed company. The person today and yesterday that sold was a swing trader, more likely the one that lost on ALC*C SPAC. Furthermore, whoever bought today between 13-14 if they are new to this, they are going to be stuck here in "Hotel California". Yes, very likely somebody sold to chase meme stocks like GM*E or AM*C.
That's right. Could change any moment with demand... that dump is just someone cashing out to buy something else or, Dilution, or market maker manipulation...
Probably someone wanted out to buy something else or pay a bill
Because u don't know how to trade and you didn't try to get them when the op comes up...duh
They have no intention of letting it go delinquent that is a good thing
Yup, either they are foolishly spending good money after bad, or they have a plan. I choose to believe wholeheartedly that they have a plan, no matter how procrastinating and how much of a delayed there is.
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:
05/31/2024: Notice Tolling Expiration of Non-FTA Authorization Pending DOE Action
03/01/2024: 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 (May 14, 2024), Delfin has continued to fund TGLO through loans, totaling $1,330,000.
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.
https://delfinmidstream.com/wp-content/uploads/2024/06/Delfin-Midstream-Corporate-Presentation-June-2024.pdf
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, May 14, 2024)
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
https://delfinmidstream.com/wp-content/uploads/2024/06/Delfin-Midstream-Corporate-Presentation-June-2024.pdf
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