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They’re not betting on the elections by waiting until after them.
The election is already right around the corner.
It might make more sense to wait, see, and submit it after early November and they probably need the time anyways.
If Dudley says they need a few months then it’s likely longer
One valuable lesson I learned being in this arena, news comes when you least expect it. Now given that Delfin is tied to a lot of red tape crap, but this is also self inflicted missteps that they took, maybe because as Jab once said, the Golar boys are field officers, nothing more, nothing less. Waiting for the election to be over next year to say a word? Big mistake, huge mistake, if it doesn't work the way they anticipate, which most of us also anticipate that it would be in favor of us all the way around. What if it doesn't? Delfin packs up their bags and says adios until the next election or simply says we are done? Delfin merges here, it's not a few dollars by a long shot. There was one letter that I read to DOE, where one person indicated TGLO is not viable for merger because of illiquidity, that person is amongst us, that person told the World in a obscure way that TGLO is the vehicle that Delfin will use but they also tried to send negative twist to it too, so I ask, MARAD, DOE and all the senators that have been working with this project already know TGLO and mind you, even after that letter that mentions Delfin and TGLO in one sentence that the possibilities are there for a merger, not even after the letter, Delfin came out to deny the rumors even to dispute the letter. The volume will tell the story how close we are, between Tellurian investors and much of the regulators already know about TGLO, remember MARAD also wants to know how the financing is going to be arranged besides all the other mumbo jumbo environment assessment and if Delfin can prove they can do this export responsibly, MARAD also indicated at the bottom of the letter that they look forward with working with Delfin. I am confident they are working behind the scenes to get this to the finish line before the election. I wouldn't bet everything on the outcome of the elections, it will be a stupid move. Just let it be.
Gonna have to wait a little more. Company might delay or take until past the election.
Dudley saying they needed a few months back in early June puts my timeline at a minimum of September, but who knows?
When has that guy ever given an accurate timeline? Odds are it will be later than what he says though.
Maybe this volume is preceding news, but still nice to see the price up
Gonna have to wait a little more. Company might delay or take until past the election.
Dudley saying they needed a few months back in early June puts my timeline at a minimum of September, but who knows?
When has that guy ever given an accurate timeline? Odds are it will be later than what he says though.
Maybe this volume is preceding news, but still nice to see the price up
I understand we all are, it has been a long journey. Let’s hope it ends well
No middle for this stock when news drops or the RM dies.
It either dies with it and I don’t lose much or it goes to at least a few bucks and I make a large amount of money.
Is what it is on the news. I’m not here for today. I’m here for tomorrow.
I remember Apple at $2.00 pre any splits before they brought back the legendary Steve Jobs.
No one stock is immune to a big drop, not even the best breed or hyped up stocks, I saw back in 2005, Apple dropped from 80 dollars to 5 dollars during the financial crisis, 3-4 forward splits before. This is all about timing the market, my son's best friend'd grand parents bought 3000 shares of Apple back for their grandson in 2005.
Unfortunately the middle is exactly where this has been for 6 plus years and now a new wrench is thrown into the pile
I don’t need stocks to make me rich, but I don’t expect this to sit in the middle. It either takes off or it never does. Even a few dollars makes me a nice fortune
Actually you get that way owning a better breed of stocks hopefully no one is counting on this for their future just icing on the cake
Thanks, I wouldn’t mind it dipping below that to tempt me into picking up some more, but nice to get the price back up into the green.
Hope everyone gets rich!
Mikey's buying again? lol
nice snags and nice to see some volume!
That $0.129 buy is feeling good! Like the volume past couple of days
That $0.129 buy is feeling good! Like the volume past couple of days
You all can take your political commentary to one of those boards. This one is to talk about the company/stock TGLO
Picked up another 38,000 shares this morning. I’ve been nibbling lately too, but likely going to wait for the election results to make some bigger purchases.
You ARE posting. No more Viagra for you. It's sucking too much blood from your head.
Your comments are posting to the board just fine.
I am attempting to post but I believe I am not able too. CAYO
Trying to figure how to post. CAYO
Thank you for your dilegence and I still believe TGLO will thrive. CAYO
Jab - Hope all is well. When time permits, check your email.
We have 30 days plus or minus for MARAD amended application, provided that Delfin is still standing by that end of the year FID.
288 followers don't mean jack, all it means that people watching and waiting to see how this self inflicted fiasco is going to go and can you explain how using this platform is free advertising for IHUB with 288 board members watching and only a hand full including myself is a paid subscriber.
Furthermore, can you also explain how is a political opinion, whether Republican or Democrat is intelligent in the slightest?
Yes impossible, AEM*D has better odds running 500% than DJ*T hitting 120 dollars, much less 1000 dollars. AEM*D can do 500% in one day alone with news or even without news, just squeeze alone will take it up.
World doesn’t work the way you want it to.
The company has to do what they are being asked and will have to reapply no matter the admin at this point.
No one likes it, but stop crying that they shouldn’t have to all the time.
We get it, but that’s not the reality and you don’t always get what you want
Are you talking to me? Where and when have I ever said they should participate in this whole reapplication process? I haven't. You keep talking about Delfin needing to go through the approval process and that all this is justified bc of it as if they didn't DO ALL OF IT ALREADY EXACTLY AS THEY WERE TOLD TO DO. This is why I have you on ignore. It's my fault for coming down to your level. My bad, carry on.
288 followers on this ticker. Admin doesn't realize that we've been here for 6 plus years and there is absolutely nothing going on for a few more months so we have discussions amongst ourselves that are interesting and informative. We are free advertising for ihub.
I follow a few more boards and God they are boring as hell with very little intelligent input whatsoever
Realize the world doesn’t work the way you think it should
This coming from someone who said the app just needed to have the answers redone like it was homework and here we are 3 months later with nothing.
Even if the red tape is reduced with a new admin, it will not be eliminated and there will be a process of implementing new standards, but there will still be a process of approval that needs to be gone through.
Will it be reduced? Yes, like it was. Will it be nothing? No, like it was also.
There will still be an approval process. My point is at this late stage in the game they might as well wait because if they get it done now or later this will still probably not happen until into 2025 and all balance out to be the same anyways, but if they wait for a new admin they remove the risk of maybe getting an early judgement and final screw from MARAD and the current admin.
I would rather wait at this point, because timewise it'll likely be the same (or maybe less) with a new admin and with less risk of being rejected by the current one
NP - I agree that it’s ridiculous. At the same point the guys need to move forward and I agree with Mr C. The app is still something that needs to be completed to simply check a box/jump through another hoop.
Will it matter if DJT gets elected? I don’t believe it will for the reason you stated - DJT will clean house and appoint new leadership. But for now it seems Delfin has to play the game so they can FID.
My god I sure hope it’s before Christmas lmao realistically I believe this will all come to fruition (FID) in March 2025 if DJT is elected.
Are any of the positions at MARAD elected positions? If not, then the hope IS that a simple house cleaning would be a flip of the switch. The notion that Delfin needs to refile and update MARAD is still just as ridiculous today as it was when MARAD first said it. Simply remove the people who are the problem day one. The point of a bureaucracy is to easily install your own unelected, agenda driven goon squad to make things how you want them to be without public input.
Probably, and I don’t disagree that we get lost in the political argument sometimes, but it’s all just conversation amongst us and the stock is highly dependent on the current state of politics. The fate of the stock is very much dependent on the fate of the election
I love Keanu Reeves. Great individual. Thanks Shelly. I freaking love that last quote. He is Da man.
Enough with political posts - take them to a political board or start your own board to discuss. This board is to talk about TGLO.
They’ve been putting out expectations for a long time now about when it’s starting.
Delfin probably can’t wait longer than that though. Depending on constrictions with slot yard space and contract delivery timelines, they will likely have to proceed on a limited FID construction before MARAD replies.
I def don’t expect a quick turnaround from MARAD, especially if the app takes another month/two or even longer.
They still have to go through all of the public and lateral agency reviews that are required for a new application.
The company saying they are confident they can clear up MARAD by end of year in their DOE filing was the same confidence they had when they thought they could clear it up over the past two years prior, so I wouldn’t trust that, since it is entirely dependent on an unfriendly government and the timelines just don’t work.
Odds are we get the ship building before we get MARAD, but since we are already in July and November/January are not far off, Delfin may be thinking it’s better to just wait on the application for a new admin because the timelines will likely be the same and they still risk a quick rejection from this current admin if they decide to play shady games before leaving office.
That’s not what they indicated recently with Dudley’s comments about clearing the MARAD and DOE issues up over the “next few months”, but when has he ever given a correct timeline?
Halfway through the year now, so might as well keep on waiting for everything to play out and for a friendly admin in my opinion (If the election goes the way it is looking).
Just a theory that they could be waiting and buying time for the politics to change, but never know. Likely just waiting for the environmental assessment to be complete by the consulting group, but a lot has changed recently this far into the year with the politics and LNG/Chevron decisions
I found a brief mention in a Korean article re Samsung Heavy expecting Delfin order in 2nd half.
https://www.eenews.net/articles/doe-pressed-to-advance-major-lng-project-after-pause-reversal/
Let's hope Delfin's lawyer have or will immediately follow suit of Lake Charles' attorneys.
Back on topic though, where is that redlined MARAD application you said was going to be a quick turnaround 3 months ago?
Impossible for that number to be reached, 120 tops and it will swift and brief.
The other video I posted is an interview with a guy who said just that.
I cannot believe what I just read: Apparently some spectators outside the rally watched this nutcase with his rifle crawl up the backsloped roof of that building (and below the line of sight of Secret Service agents). They warned some nearby police about him, but the cops dawdled, seemingly unsure of what to do.
This was a few minutes before the actual shooting.
Were those cops previously employed at Uvalde?
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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