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I really do believe that this project is done if the Democrats keep control of the executive branch for another four years. First they announced the Pause, And of recent they mentioned if the study shows as they suspect that lng is lining the pockets of corporations and damaging the environment they will then reassess the permit process.
Sounds great hun? Moving goal posts? Years and years of bs, all the while the commercial environment changes or collapses?
LGB
Perhaps interesting to traders, I put a couple nets up at .11, .091, and .085. Guess what surprise surprise, nothing was filled. But they were able to trade that 18k odd lot at .0911. Hum…
I don't necessarily disagree with your political scenarios although I still feel that these projects will come to fruition one way or the other. The USA is NOT ready for batteries and windmills and sooner or later even the ill-informed, Kool-Aid drinkers will understand.
And I hope that the non-believers dump!
I have been 100% honest, first I said I am not selling because I believe that trump will win in November. If he looses in November then this Tglo dream is toast. Anyone who thinks otherwise need an examination.
Of course. And prior to, it was Sprycel.
People have to stop wasting energy counter punching at the air.
There is always method to madness.
$TGLO
I bet it’s just XL175 screwing with everyone based on the low volume
Not going to bash but this is exactly what we want. Daily price is irrelevant.
Would love to see .03's and .04's again! Bring it on!
$TGLO
Someone call 911....
0.0911
-0.0689
(-43.0625%)
Only if there is nothing to do in that position
She will appoint herself the LNG Czar.
All those weeks of following hoping buying and what do you have? An expensive penny stock with a very limited market. But who knows maybe Joe gets up tomorrow and decides Louisiana is important and he wants to throw Texas a bone too…. Hay hay could happen. How many here believe in Santa Clause?
What is the path forward for securing the permit and license? Is Kamala going to have it as an agenda item? High priority? Once she is president I guess she will push hard for American energy.
Perhaps people here think that k. Harris is going to support lng exports when she assumes office in 2025?
This ship took a massive torpedo from MARAD, she is taking on water and might sink when the Sierra Club controlled DOE lets Delfin’s permit expire.
Delfin will get a nice letter from DOE inviting Delfin to reapply. Lol who thinks this administration will ever issue Delfin the regulatory approval needed….. never
Unfortunately you were wrong all this time.
Unfortunately shell stock share structure kinda doesn’t matter now. No permits means no merger means shell reverts to low value.
This is what I know. There is 128 million shares out there that that was unaccounted for out of the OS, we know Delfin has almost 71%, give and take they have 312 million for their 71%. 91, 666,650 is in the DTC, somehow, magically, 1000 shares went poof somewhere, I don't know where, obviously it is insignificant, if that was truly the float, that DTC from last week would have been 91, 675, 650. I still stand on my stance that those shares while in DTC are what Talisman and their group is holding, none of that is held by anyone on IHUB. Now whether Delfin merges here or not, I don't know, but I have a feeling those shares are going to be returned to TGLO treasury where Delfin will use it slowly to have control way above and beyond they currently have. My assertion from all of this is the float is 37-38 million, still rather small for Delfin. DTC belongs to Delfin.
"172-(275-125)=22
172+40+229=441"
So the Biden DOE is going to grant the extension to 2029 and Biden’s MARAD is going to issue a license soon? LOL
XL175, motorcycle ?
1.75 million shares ?
1.75ml half gallon?
Personally, I think somebody's fulloshit
172-(275-125)=22
172+40+229=441
You were wrong on everything, nothing you ever said were true, not even the share count.
Then just shut the pluck up and donate your shares to Trumpy campaign and make sure he wins and tell him Delfin will be at 50 dollars within a year, you hold 180,000 shares, you will still make out like a bandit.
Only other plausible short term scenario is that DOE TOLLS the permit. This would just prolong the uncertainty till November. Obviously a Biden win equals Complete uncertainty at best probably years of moving goal posts and or lawsuits. Trump win, well I think everyone knows what that means for Delfin’s project.
Just like you were right when you kept insisting that Delfin didn’t need an extension to Mr. C
Regardless, if the extension is denied, i’m doubling down on shares when this drops to .05. I have 10k ready to invest into this w/ a trump win.
I am 100% certain that Biden’s DOE is not going to allow any lng export project to move forward and if they win in November they will further justify their position on lng by saying that they have a mandate. Courts? Who knows, that means years and uncertainty.
I know that I am 100% correct, but what you do with your money is your business.
You are RIGHT .. I am SELLING ALL MY SHARES TOMORROW .... thanks
I will say it again, anyone who owns energy stocks and votes D should get their head examined.
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.
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Moderators Eagle1 dinogreeves 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:
05/31/2024: Notice Tolling Expiration of Non-FTA Authorization Pending DOE Action
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 (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.
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
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