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Their not holding their head at the right angle
Happy Sunday!
Because they don’t want to end up like Tellurian.
The upside right now for Delfin being private is that they’re not required to satisfy public shareholders. They won’t RM until they FID imo.
They won’t FID until they have all licenses/approvals in hand or at least a private conversation stating they’re getting what they need. Right now it’s hinging on DOE & MARAD from what I have gleaned from the board
Hey gang Happy Sunday I was just wondering can anybody give me an honest answer about why Delfin hasn't gotten this to the end result of merging with TGLO.
You are right it is the amount of Data Centers that are being built and will be built in the near future. Virginia is probably the biggest state with data centers. Of course California won’t have the data centers they can’t charge a car. I think the nasty word nuclear (highly regulated) will end up coming back.
AI could drive a natural gas boom as power companies face surging electricity demand
PUBLISHED CNBC SUN, MAY 5 20246:53 AM EDT
Not worth your time nor energy. Do you ever stop by on the side of street and ask someone why they talk to themselves or what is the point for them doing graffiti on the walls? You just can't reason with crazy. I was running errands the other day, decided to pull over for some In and Out burgers, went inside ordered my food, went to the rest room washed my hands while the food is getting ready, came out grabbed a few napkins from the napkin dispenser, placed my napkins and the receipt on the table, went to grab some iced tea, while coming back some older guy (probably in his mid 80's), grabbed my napkins from my table and went back to his table, without even acknowledging those were mine, my receipt was there and so was my phone, he knew all damn well those were mine, this guy was sharp for being that old, that is not the point, the point is people have no consideration for others. If he was only 20 years younger, things would have been different under those circumstances.
Either next week or the week after we will see the quarterlies.
why don't you bring something that is of value here other than your stamps against board members you obiviously have pissed on in the past. This does qualify you as a total piece of 💩....your signature stamp ....not mine... come out of the basement lil turd and eat a samich ...see ya in NOLA and be sure to wear your name tag......golden turd
What you are saying is let’s hope the DOE denies, allow it to go under .05, buy as many as possible, have trump win, and this skyrockets to the moon?! I’m all for it!!!!
It’s Trump’s election to lose. And this is coming from someone who voted for Obama and Biden
Delfin is looking like a win, or perhaps more likely a win win. The win is materializing in Pennsylvania where Biden is looking to lose this key state due to his energy policies but what do I know? Maybe he needs to cater to the Sierra Club in order to secure California? The case for win win is Biden maintains coarse and loses PA and we get Trump and the rest of this regulatory bs is history.
Years ago he would tend to divulge a bit but not recently. He directs you to public statements and says he's not authorized. Dave used to hit him up all the time
The last time I reached out to him in the winter he said just pay attention to what ultimately became that March 1st petition to DOE
Anyone reach out to William Daughdrill lately to see if he has any comment on the latest?
Probably won’t say much, if at all, but curious
Was he eaten by cannibals like Joe’s uncle
"Legacy Shareholders means, collectively, each person that owns common stock of the Company immediately prior to the closing of the Transaction, which in no event shall include any of the Investors."
That's your legacy shareholders that were scooped up.
"That leaves approximately 25% up for grabs, which I assume 21-22% were taken off the market and rat holed prior to the big day in Dec 2017."
You mean like Dino-at-.50@tglo. lol, that’s a blood bath
The “missing shares” are rat holed somewhere.
The theory that Egan is a dummy and gave away 71% of this jewel for 25k and maybe a plain bagel with Philly cream cheese and smoked salmon in the middle (my favorite breakfast sandwich), just doesn’t pass the smell test.
So I say he’s flying just below the radar with 4.9%.
That leaves approximately 25% up for grabs, which I assume 21-22% were taken off the market and rat holed prior to the big day in Dec 2017.
So who has them?
Did anyone catch the action at UCLA? 100 young Jews finally had enough campus BS and struck back at the Islamic terrorists occupying their campus.
I would say that’s at least 100 votes from traditional Dem supporters that may flip in November.
And by the way, from what I’ve heard, the Jewish kids have been documenting the intimidation and attacks being dished out by the terrorists on campus since Oct 7.
Trump is the next President, or you may as well take your entire portfolio and use it for toilet paper
Investing.com article about Devon 1st qtr earnings has the CEO talking about ongoing discussions with Delfin and new opportunities.
By the time it gets to a president's desk we won't have to worry about Brandon thank God.
That bill passed under the current Congress Term with President Biden. Biden will veto.
You really think Trump will veto that bill? Not!
I’m not and DOE is probably going to come back with an answer before it even has a chance
The president will veto. Let’s not get our hopes up
Just need the Senate to approve and I don’t think it has been brought up yet, so could be a little bit before it does
I copied this from another board. Is the US still exporting LNG?
The House on Thursday approved a bill that would ax the Biden administration's pause on new natural gas export projects by removing its ability to reject export projects altogether. The vote was 224-200. Nine Democrats voted with Republicans in favor of the bill.Feb 15, 2024What is the unlock domestic LNG potential act of 2024?
7176, the Unlocking our Domestic LNG Potential Act, legislation that lifts all restrictions on the import and export of liquified natural gas (LNG) and streamlines the energy permitting process by eliminating the requirement for the Department of Energy (DOE) to authorize exports.Feb 15, 2024
Change is around the corner, spring is here, flowers are blooming, the wind and bees are doing their job............. time to enjoy a cocktail in the backyard, lets the days pass slowly and enjoy them.
Nov is fast approaching.
I f “they” wanted to give EVs the best chance at success, they should have built, supported, promoted cheep abundant energy FIRST!
But hay I remember back in 2008, BO told me that not everyone was going to be able to keep their house at 72 degrees. Man, he nailed it!
100% smoke and mirrors XL. Especially with the dangers shown and reported nowadays on the lithium battery ability to explode from even trickle charging, why put millions and millions of peoples lives at risk.
But you are right to question why, when we have the money, resources and technology to remove older gas/ coal polluting cogens or power plants and upgrade to a proven clean NG ..... is this not being considered a viable solution.
I just have never understood why they are pushing EV but there is no plan to supply the energy needed to charge them.
80%+ from oil and coal. Most of the oil is from Libya and Argentina.
Hydro Quebec for New England!
All is good, I sleep well knowing that Kamala will be our president by 2026. She will fix this situation.
Delfin just put all of their cards on the table. I would like to hear from the democrats who bought Tglo. My guess is they are all snow flakes.
Here is a great question, Hawaii, perhaps the bluest of the blue states. Where do they get electricity from?
I appreciate the recent conjecture. America needs an ALL OF THE ABOVE ENERGY POLICY! Let me follow this idea up with a question. Where does electricity in the USA come from?
Agree on the Trump victory 👊. Just perusing some articles and letters, seems like is just a good ole fashion "lets see who has the biggest c@ck".
Lots of big names and big letters, people who are paid enough will scream loudest, ask Stormy D. These level of politics are outta my league with regards to this though, just a big kid pissing match is all it is. LNG is a clean burning product, there will always be some level basher doing his/ her job, that is life.
I’m betting before 6/1, but odds are against them with this administration.
If they get it, then game on and they move ahead with a limited FID before MARAD is figured out.
I’m hoping MARAD made the decision to just delay them for a bit to take the blame and DOE will approve to avoid a political fight and save some face, but who knows.
Any opinions on how this plays out with the DOE? Does the DOE slow walk it to June 1st, make a decision prior to June 1st or F everybody into June and beyond?
I still maintain if they don't get some sort of positive result from the DOE, they need to just move forward with FID at a minimum as the political gamesmanship will ultimately play out and be resolved. They do not have the luxury of time.
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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:
03/06/2024: Request of Delfin LNG LLC for Supplemental Order Granting Conditional Extension of the Time for Long-Term Authorizations to Export Liquefied Natural Gas
DELFIN FERC STATUS UPDATE:
10/05/2023: FERC Grants Delfin's Request for a 4-Year Extension
RECENT MEDIA NEWS/BILLION DOLLAR AGREEMENTS:
2/14/2024: Chesapeake Energy Corporation, Delfin LNG and Gunvor Sign Long-Term Liquefaction Offtake Agreement Indexed to Japan Korea Marker
11/27/2023: Delfin Midstream Signs Long-Term LNG Supply Agreement with Gunvor
8/22/2023: Delfin Accelerates the Development of FLNG Vessels in Partnerships with Wison Offshore & Marine
7/11/2023: Centrica Sings Major LNG Supply Agreement
6/8/2023: Delfin Enters Strategic Investment Agreement with Mitsui O.S.K Lines
4/24/2023: Delfin Signs LNG Sale and Purchase Agreement with Hartree
9/5/2022: Delfin Midstream and Devon Energy Enter into LNG Export Partnership
8/9/2022: Delfin signs LNG agreement with Centrica (15 year, estimated at $8 billion)
7/13/2022: Delfin finalizes offtake agreement (15 year, estimated $3 billion in revenue) with Vitol which includes a strategic investment in Delfin
REVERSE MERGER POTENTIAL:
Event Date: 12/31/2017: Delfin Midstream, LLC. became the majority owner (70.9%) of TGLO (theglobe.com) with 312,825,952 shares. Below are the corresponding filings and a subsequent article, alluding to the possiblity of a reverse merger based on the trend of other LNG companies performing reverse mergers (e.g., TELL). NOTE: As of TGLO's last 10Q filing (November 7, 2023), Delfin has continued to fund TGLO through loans, totaling $1,234,000.
1/10/2018: Delfin Midstream, Inc., Form 3
1/11/2018: TGLO, Form 13D
1/11/2018: S&P Global Article: "Delfin LNG developer says it may merge into idled company it bought 71% of"
The developer of the proposed Delfin LNG export project said in a Jan. 11 filing with the SEC that it may complete a reverse merger with theglobe.com after buying a 71% stake in the idled technology company on the last day of 2017.
In the filing, Fairwood Peninsula Energy Corp., which owns LNG developer Delfin Midstream LLC, said it was appointing Fairwood Director William "Rusty" Nichols as chairman of the board, CEO and CFO of theglobe.com. "In addition, Delfin Midstream currently anticipates that it may enter into an agreement with the Issuer to merge into the Issuer, sell its assets to the Issuer or otherwise consolidate all of substantially all of the Issuer's business with Delfin Midstream," the filing said. "However, there can be no assurance that the Issuer will be successful in consummating any such transaction in the near future, if at all."
Delfin on Dec. 31, 2017, closed a $25,000 deal to buy a majority stake in idled tech company theglobe.com Inc. for less than a penny per share. As of market close on Jan. 11, Delfin's nearly 313 million shares were worth nearly $63 million.
A source familiar with the matter had previously told S&P Global Market Intelligence on condition of anonymity that a reverse merger was one of the options the company was considering. The Jan. 11 filing is the first official word from the company on the development.
Two other U.S. LNG export hopefuls have gone public via a reverse merger over the past year as they seek access to capital markets to help finance multibillion-dollar project proposals. Tellurian Inc., which was co-founded by the former CEO of U.S. LNG export pioneer Cheniere Energy Inc., in February 2017 closed on a reverse merger with the former Magellan Petroleum Corp. NextDecade Corp. in July 2017 completed a deal with blank-check company Harmony Merger Corp. Both Tellurian's Driftwood LNG and NextDecade's Rio Grande LNG projects are awaiting approval from the Federal Energy Regulatory Commission.
The $7 billion Delfin LNG export terminal is one of four fully permitted U.S. projects awaiting a final investment decision. The developer has signed a nonbinding agreement with China Gas Holdings Ltd. for 3 million tonnes per annum of LNG for 15 years starting in 2022.
The 13 mtpa project in June 2017 received authorization from the U.S. Department of Energy to export to countries with which the U.S. does not have a free trade agreement. The location of the proposed facility, about 40 nautical miles off the coast of Cameron Parish, La., makes the offshore portion of the project subject to the Deepwater Port Act and the jurisdiction of the U.S. Coast Guard and the U.S. Department of Transportation's Maritime Administration, which approved the project in March 2017.
The Delfin LNG project would be the first offshore liquefaction terminal in the U.S.
DELFIN MIDSTREAM'S PROJECTS:
Delfin LNG Overview
Delfin LNG is a brownfield Deepwater Port requiring minimal additional infrastructure investment to support up to four FLNG Vessels producing up to 13 million tonnes of LNG per annum. Delfin purchased UTOS pipeline, the largest natural gas pipeline in the Gulf of Mexico, in 2014 and submitted its Deepwater Port license application in 2015. Delfin LNG received a positive Record of Decision from the Maritime Administration (MARAD) and approval from the Department of Energy for long-term exports of LNG to countries that do not have a Free Trade Agreement with the United States for up to 13 MTPA.
Avocet LNG Overview
Delfin owns a second pipeline system (Grand Chenier) which can be used for either:
-A second Deep Water Port (Avocet LNG) or a Delfin LNG expansion for an additional 2 FLNGVs of up to 8 MTPA in total; or
-An increased feedgas supply option for the Delfin LNG Deep Water Port allowing Delfin LNG to be fed by two pipeline systems, giving increased gas supply flexibility and security for the Delfin FLNG Vessels.
Avocet LNG’s MARAD permitting process will be significantly cheaper and more efficient as the company can leverage the Delfin LNG’s successful permitting work.
The GrandChenier pipeline system connects to major interstate pipelines providing access to abundant pipeline-quality natural gas.
DELFIN AND TGLO MANAGEMENT:
Dudley Poston
Chief Executive Officer
-EVP at Golar LNG from 2010-2018, focusing on the commercial development of Floating Storage and Regasification Units, Floating Liquefication, and small-scale LNG
-Prior to joining Golar, 16 years of experience in the U.S. natural gas industry as a financial and physical trader for Koch Industries, The Williams Companies, and Citigroup
-B.A. in Government from the University of Texas, M.A. in Economics from The State University of New York, and M.S. in Finance from Texas A&M University
Wouter Pastoor
Chief Operating Officer
-Head of Commercial and Director of FLNG Development at Golar from 2014-2018, focusing on the Hilli, Fortuna and Tortue projects and leading new FLNG design & business developments
-Prior to joining Golar, 13 years of experience in the LNG industry, primarily focused on technical and commercial development of Floating LNG projects
-Ph.D. and M.Sc. in Naval Architecture and Ship Hydromechanics from the Delft University of Technololgy in the Netherlands
Oscar Spieler
Executive Chairman of the Board
-Previous CEO at Golar LNG, Frontline and Sea Production and Chairman of Quantafuel
-Board experience from multiple companies within the shipping, drilling and finance sectors, including Offshore Merchant Partners, Energy Drilling Ltd, Jasper Investments, Archer, Avenir LNG, North Atlantic Drilling and Sealift
-M.Sc in Naval Architecture and Engineering from the Norwegian University of Science and Technology
TGLO (theglobe.com) Management
Frederick P. Jones
President, Chief Executive Officer, CFO & Director, theglobe.com, Inc.
Frederick P. Jones founded Fairwood Peninsula Energy Corp. and Delfin Midstream LLC. In his past career, he held the position of Chief Executive Officer of Fairwood Peninsula Energy Corp. and Chief Executive Officer at Delfin Midstream LLC. Mr. Jones was a founder-shareholder of March Rich and Co. AG, now Glencore plc. He is also a former Advisor to the President of OPEC. Mr. Jones was one of the early investors in U.S. shale gas. Together with his partners he developed assets in the Barnett shale starting in the mid-1990s.
Throughout his 40 years of experience in the energy industry, Mr. Jones has developed projects and businesses in LPG marketing, coal bed methane extraction, hydroelectric power, and natural gas. He has led numerous ventures with various public and private entities throughout the world.
SHARE STRUCTURE, FILINGS, LINKS, ETC.
TGLO Share Structure (as of last filing, November 7, 2023)
Common Stock
Authorized Shares: 500,000,000
Issued: 441,480,473
Preferred Stock
Authorized Shares: 3,000,000
Issued: 0
Delfin Midstream Ownership Structure (as of June 12, 2018 - 95.43% reported)
Ownership Reference Document:
https://fossil.energy.gov/ng_regulation/sites/default/files/programs/Delfin_CIC_07_11_18.pdf
Fairwood Peninsula: 30.7%
Talisman (Global Alternative Master 25.5% and Global Capital Master 20.1%; Indirect ownership through Fairwood shares 8.17% ): 53.77%
Frederick Jones (9.3% Delfin Midstream and 1.66% indirect ownership through Fairwood shares): 10.96%
Filings
https://www.otcmarkets.com/stock/TGLO/disclosure
Significant Headlines:
2.13.24 https://lngprime.com/americas/chesapeake-seals-lng-deal-with-delfin-and-gunvor/104761/
"US shale gas producer Chesapeake Energy has entered into an offtake deal with Delfin Midstream, the US developer of a floating LNG export project in the Gulf of Mexico, to supply LNG to Geneva-based trader Gunvor. Chesapeake said in a statement on Tuesday that the LNG export deal includes executed sales and purchase agreements for long-term liquefaction offtake. Under the SPA, Chesapeake will buy about 0.5 million tonnes per annum (mtpa) of LNG from Delfin at a Henry Hub price with a targeted start date in 2028... Delfin said in November it had secured commercial agreements for LNG sales and liquefaction services and the firm was “in the final phase towards FID on its first three FLNG vessels”.
11.27.23 https://www.reuters.com/business/energy/delfin-signs-15-year-lng-supply-agreement-with-gunvor-2023-11-27/
Nov 27- Delfin Midstream Inc said on Monday it had entered into a long-term liquefied natural gas (LNG) supply agreement with global commodity trader Gunvor.....The company secured commercial agreements for LNG sales, liquefaction services and is in the final phase towards final investment decisions (FID) on its first three floating LNG vessels, the release added.
8.26.23 https://maritime-executive.com/corporate/delfin-accelerates-the-development-of-flng-vessels-with-wilson-offshore
Delfin Midstream announced today that it has entered into a design and engineering contract with Wison Offshore & Marine to develop Floating LNG (FLNG) vessels for application on the Company’s Deepwater Port projects currently under construction in North America... Commenting on the announcement Wouter Pastoor, COO of Delfin says: “Wison has been visionary to develop its design, engineering, and construction capabilities for the LNG industry and in particular the floating LNG segment. Sharing our commitment and entrepreneurial spirit, Wison’s goal is to continue into a full FEED later this year such that FLNG vessel construction can start at their shipyard in mid 2024.”
07.11.23 https://www.centrica.com/media-centre/news/2023/centrica-signs-major-lng-supply-agreement/
"Centrica and Delfin Midstream Inc. today announced the signature of a long-term Sale and Purchase Agreement for 1.0 million tonnes per annum (MTPA) of Liquefied Natural Gas (“LNG”) for 15-years on a Free on Board (“FOB”) basis at the Delfin Deepwater Port, located 40 nautical miles off the coast of Louisiana. This agreement will see Centrica take delivery of around 14 LNG cargoes per year and could provide enough energy to heat 5% of UK homes for 15 years."
6.08.23: https://www.globenewswire.com/news-release/2023/06/08/2685156/0/en/Delfin-Enters-Strategic-Investment-Agreement-with-Mitsui-O-S-K-Lines.html
"We are delighted to announce our partnership with Delfin, marking the beginning of a fruitful endeavor together. Drawing on our extensive expertise gained from previous LNG Carrier and FSRU projects and other ventures, we anticipate collaborating with Delfin to successfully drive forward this project toward our initial shared goal of quickly making Final Investment Decision on the first FLNG vessel."
3.27.23: https://lngprime.com/lng-terminals/delfin-plans-to-take-fid-on-first-floating-lng-producer-in-q2/77184/
“With fully termed agreements signed and others under negotiation, Delfin is well on its way to FLNG 1 FID and has laid the foundation for FLNG 2 FID,” the firm said in the presentation. Delfin plans to FID on the first vessel by the end of Q2 2023.
9.30.22: https://pemedianetwork.com/petroleum-economist/articles/gas-lng/2022/delfin-eyes-emerging-us-export-strategy/
9.12.22: https://oilprice.com/Energy/Natural-Gas/This-Large-US-Driller-Just-Made-A-Big-Move-Into-LNG.html
1.19.22: https://jpt.spe.org/delfin-lng-expects-investment-decision-on-floating-lng-project-this-year
10.15.20: https://www.rivieramm.com/news-content-hub/news-content-hub/first-us-floating-lng-export-facility-clears-engineering-feat-61305
6.1.17: https://www.energy.gov/articles/us-department-energy-authorizes-additional-liquefied-natural-gas-exports-offshore-project
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