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https://www.linkedin.com/posts/mehdy-touil-5452028b_lng-uslng-delfinlng-activity-7243601158357860352-1yyW?utm_source=share&utm_medium=member_desktop
very nice hit on linkedin.....dive deep into who's who on this one
Boots on the ground tour of Gulf coast LNG with Sergio!
Sierra Club
NIMBY Karens pretending to be difference makers as climate activists when what they really want to protect is their property values.
https://oilprice.com/Energy/Natural-Gas/US-LNG-Permit-Freeze-Sparks-Export-Boom-in-Canada-and-Mexico.html
Oh, I’ve gotten a few things wrong that people have pointed out.
I will feel extremely good about this company under a new admin.
Glad they are taking action early though.
I think the 7 years was egregious and definitely in complete violation of the congressional mandate of 1 year.
It’s good they have other means to challenge the decision before having to reapply or file suit.
Both of which will take too long. It took 7 years just to get a rejection on the first app.
They‘ll likely still file the new app as they claimed in the DOE filing and do the limited FID before possibly filing suit simultaneously, but glad to see they’re fighting it and maybe having a means to challenge it earlier
From your lips to God's ear, so far, everything you have said has been precisely correct. Keep that spirit
2025 will be $TGLO & Delfin’s year.
NYT polling has DT pulling away in 3 key battlegrounds. DT has never led a NYT poll in NC.
I think we see a rise in the share price as the election gets closer and more certain.
Might have some tax-loss harvesting, but I wouldn’t want to give this stock up on the verge of a new friendly admin.
SHOCK POLL: Trump leads BIG, per the New York Times (A+)
— Election Time (@ElectionTime_) September 23, 2024
Arizona
🟥Trump 50% (+5)
🟦Harris 45%
Georgia
🟥Trump 49% (+4)
🟦Harris 45%
North Carolina
🟥Trump 49% (+2)
🟦Harris 47%
The New York Times/Siena College | September 17-21 | ~700 LV (each) pic.twitter.com/ahpeRedrMO
🫡 Hang in there, brethren. You'll be back for the playoffs
Excellent post TweedK! We now know that Duds and company are not just sitting around in London having high tea. Lots of things going on that point to a successful roll out in the not-too-distant future.
Brapp, NP has been placed on season ending IR. Chen on the 4-week IR to return in October and Dino and I subjected to what seems a never ending one a day purgatory. Jerry too.
Also, if anyone has researched the crap out of the float since we washed up on this deserted island, it is XL. His guess/research is as good as anyone's on this board.
$TGLO
📈 Asian-US LNG Roundtable: Dudley Poston with Delfin LNG said despite current regulatory uncertainty -- "the US is not going to leave Asia high and dry completely without without LNG." #GasTech #LNG #ONGT #NatGas #Shale #OOTT #Houston #APAC pic.twitter.com/cpn2wGZiyO
— Sergio Chapa (@SergioChapa) September 16, 2024
Some fu*k*ry going on with the DTC held shares on OTC Markets. 1051 shares were added since last update which was on 9/17.... If that is float like some of you think it is, that would indicate some measly insignificant dilution. Since we know that the float is not revealed, I will tell you again the float is around 17-18 million and that DTC belongs to Delfin's or their investors at some point in the future. No way, no how that is held by retail. There is definitely something suspicious with the way they are behaving, not revealing what the actual float is. Between Delfin and Egan they own 76%, I will continue to believe with all my conviction, 71% control is just not enough for a viable merger of Delfin's caliber. Now it would be different if they merged with the current control and at some point those shares in DTC slowly get allocated to Delfin's control, so essentially that DTC could be the "Shrouded" entities, which is approximately the block that Delfin needs to bring their control to 96% percent control, which will leave about 4% in retail hands, which is approximately 17-18 million shares in retail hands. XL175 was probably right all this time.
https://www.otcmarkets.com/stock/TGLO/security
Thanks for the share, Northpeak and JAB.
Has NP been banned from the board or just "lurking in the shadows" like Delfin?
Good to see signs of the fight going on. I can't believe any administration would indefinitely end LNG exports. Nor does any administration last forever with free reign outside its jurisdiction. The good thing with political footballs is that they're first in line for attention when the winds change.
This is the greenest export project around too, but it seems the optics alone made approval untenable this year. With both of them saying they want to frack and drill, you'd think a green export project would get favorable treatment when the rubber meets the road.
I still believe this isn't even that political. It was narrow and specifically targeted to help our old friends John and Tony make some money in Qatar.
Yes, most definitely thanks to NP and you for mentioning the article on this board. Great to know that Delfin is back on the spotlight again and knowing they are not scratching their balls. Been under the weather since the 18th in the evening, wasn't active nor was I in my comfort zone, NP send me the same article just about the time he sent one to you too, I just discovered it this morning, but I was under the weather till just now.
The court knocking it down and the argument that Congress mandated a 356 day approval timeline, but MARAD basically ignored them for 7 years is a powerful argument that they egregiously violated their own rules
There is a hyperlink, "complaint" second paragraph in red. This is the original letter sent to the Inspector General of the DOT the day before the freebeacon article was written and provided by NP.
https://freebeacon.com/wp-content/uploads/2024/09/PPT_Admin_Complaint_re_MARAD_denying_LNG_license.pdf
I doubt the letter moves the needle much until after November but good to know things are alive and lurking in the shadows....
Great "CLUE" Xunefox. Well played! Does anyone under 50 even know the reference?
$TGLO
Email the inspector general and let them know what the public thinks
hotline@oig.dot.gov
https://www.ignet.gov/content/department-transportation
Nice! See what happens, but pressure is on
Kinda puts the cook with the candle stick in the kitchen… agreed see what comes
Thanks to NP for passing this along. Not sure what will come of it but very interesting!
https://freebeacon.com/biden-harris-administration/biden-harris-admin-breached-its-own-ethics-rules-in-blocking-trump-approved-gas-project-watchdog-group-says/
Not intended for serious audience.... I find it funny also that Keanu Reeves is on there too. A good friend just told me couple of days ago, this whole fiasco is all about Divide and Conquer, nothing else and it just darned on me. Something is very odd with this whole thing.
Imo in either case Russian gas will never again reach Europe.
It’ll take many many years before some sort of reconciliation, too painful.
Weird times indeed
SGFA
Also the Ukraine thing is super weird with this guy. Def has Oswald vibes.
Likely just a whacko, but creepy stuff and crazy times
Second failed assassination attempt…. And both parties commonalities…. Both were in Blackrock commercials
I agree, this is swinging with the election tempo.
The dichotomy between the two candidates is clear and it will have a direct effect on the stock.
I maintain that if he wins, this thing goes back to $0.50 in quick time, so why would anyone ever vote for her and put their money here?
Makes no sense, but whatever, their vote and their money
Interviewer: So, would you ban offshore drilling?
Her: Yes, and I’ve worked on that. (Insert Cackle) Hahahaha!!!!!
FLASHBACK:
— Steve Guest (@SteveGuest) September 4, 2024
CNN'S ERIN BURNETT: "So would you ban offshore drilling?"
KAMALA HARRIS: "Yes, and I've again, worked on that. HAHAHAHA"
This was 5 years ago today. Kamala can't memory-hole this clip.pic.twitter.com/nTmBds3Zat
Although I agree on the Ukraine War and what it has done for American LNG, that is not enough to still vote for this admin, nor has it been something this company has benefitted from themselves being stuck in permit purgatory.
It’s the attitude towards new permits and the extension in the length of the process which is what has affected us.
These guys haven’t made a dime from Ukraine and it looks like they may never will. Not part of the big boys club. You know how that works.
He does not need to make her radical. Plenty of clips with her saying she will shut down fracking and offshore drilling.
If she changes her mind then she’s either just lying to get elected, too dumb to know it was stupid, or a puppet.
Maybe he isn’t as good for LNG or hastening the permit process as I expect, despite doing it once before, but which candidate is the bigger risk for this stock?
in re: to who wins the election and effect, if any, on flng development- the Russia/ Ukraine war also seems a big consideration- harris would support ukraine whereas trump will accede to putin. a putin win could turn russian gas back on to germany and the EU - whereas Harris support of Ukraine would keep EU more dependent on US FLNG. there are advantages and disadvantages to both of them- but the demand for FLNG remains strong. Harris will not be as radical as Trump portrays her to be- raising taxes/ closing loopholes on those making over 100m isn't any of us and seems everyone should agree on- how it plays out would need to be legislated. ultimately theres a lot more we all agree on than where we differ, though contentious elections focus on differences and more and more of the worst in us.
Maybe has to do with the assassination attempt again. He is most likely going to win.
Bad? Not for this stock he’s not.
Delfin said enough when they bought the shell and continue to say it by investing over a million dollars and keeping the reporting timely and accurate for almost 7 years now.
Great argument, convinced everyone I’m sure
Sheesh with BS politics, they are both bad for the economy, terrible, the showman with 20% tariffs and the booty with her placing levy on your unrealized gains, terrible anyway you look at it. We are doomed with both. Regardless, why are you even rooting for Delfin, not like Delfin has said anything in regards to TGLO?
Oh wow, have you put me in my place!
Look, claiming omniscient, demonstrating ignorance on motives for investing, outright lying, and a Convicted Felon's and Sexual Abuser's Kool-Aide drinker does not make what you write worth taking up internet space.
Again:
Why do you post this useless drivel?
To make yourself feel important? Or to look ridiculous?
You bore me. Good bye.
Kamala has said she would ban offshore drilling and fracking. You must be an idiot to put your money here and vote for her
Because it’s 100% true. Not sure how anyone can invest their money here and vote for Kamala. Basically canceling out your bet.
You got a better argument for Kamala? I’m all ears, but you contribute nothing because you have nothing.
Know how all of this is going to play out. Market will be a disaster.
Why do you post this useless drivel?
To make yourself feel important? Or to look rediculous?
This stock goes back to $0.50 quick if a certain someone, who shall not be named, wins the election.
The more I think on it, an administration with the other individual is just bad news for this company.
Not saying it won’t happen at all, but it will absolutely not help that is for sure.
If anyone wants an early reverse merger before permits, then I only see them having the confidence and that happening under one president.
🚨 Trump given a 99.9% chance of winning the election under latest national poll
— Eric Daugherty (@EricLDaugh) September 14, 2024
AtlasIntel is known for being the most accurate pollster of 2020 nationally, with its final poll being Biden+4.7 and the final result being Biden+4.5 pic.twitter.com/84AGpuy6za
latest article in this shows Sept 05, 24
I saw this also on the website after your first post. Thanks. But when did it appear? One month ago? One year ago?
All the way back to 2013 in fact. Can’t say what capacity they work in now, but they’ve been around a long time
https://fossil.energy.gov/ng_regulation/sites/default/files/programs/gasregulation/authorizations/2013/applications/13_147_lng_nfta.pdf
They were the attorneys on filings with the DOE going back a while
It’s not really news, they’ve been around.
Where and when did this appear? I see it on the Hogan Lovell website but when did it appear?
Well, I’d damn near say we can officially move forward now
Hogan Lovell "Leading Delfin LNG's efforts to obtain federal and state approvals..."
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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