Very specific information in that article I haven't seen anywhere else...

I just made a Delfin Midstream YouTube channel after it occurred to me that their Delfin LNG video wasn't on there. Now it's easy to share the video around the internet if anybody is looking for a quick rundown on the project.

https://www.youtube.com/@DelfinMidstreamunofficia-hj7hj

The NGI article confirmed, at least for me anyways, that Delfin is indeed waiting for Devon so they can make FID on FLNGV1 and FLNGV2 at the same time. Their corporate presentation still maintains that they only need 2.0-2.5 MTPA contracted per vessel to make FID. They currently sit at 2.1 MTPA for FLNGV1. The NGI article says they are trying to squeeze another 1 MTPA out of Devon, who has already tentatively agreed on 2 MTPA. That would put FLNGV2 at 3 MTPA. According to Delfin they do not need to hit nameplate capacity to make FID. So Jacob Dick is somewhat incorrect when saying phase 1 is sitting at 2.1 of 3.5 MTPA within the context of making the FID (a more accurate statement would be 2.1 of the 2.0-2.5 MTPA/vessel). 3.5 MTPA is the vessels production capacity, not the FID threshold.

Just posted the NGI article. I was able to get a code from NGI with a new email address. Unnecessary F.U.D. from Mr. Dick imo. Delfin and Tellurian should never be mentioned in the same breath together.

Tellurian, Delfin Eye Timeline Extensions on Louisiana LNG Export Project



The potential start of two developing Louisiana LNG terminals has been pushed back as Tellurian Inc. and Delfin Midstream Inc. adjust to equipment manufacturing and contracting delays.



FERC has granted Delfin a four-year extension for its 13.3 million metric ton/year (mmty) floating liquefied natural gas project that would give the company until Sept. 28, 2027 to complete its first phase. Delfin filed a request for an extension earlier in the year citing the need to finalize last offtake agreements before it could reach a final investment decision (FID) and start the expected four-year construction process.

“Delfin argues it has demonstrated good cause for an extension because since the Commission granted Delfin’s 2022 extension request it has entered into further offtake contracts for the deepwater port project,” Federal Energy Regulatory Commission staff wrote in a recent filing. 

The company told the Commission it was working to firm up an additional 1 mmty agreement with Devon Energy Corp. before reaching FID. Delfin had previously targeted FID on the project in October.

Last year, Devon signed a tentative agreement for 2 mmty in offtake capacity from the project and an undisclosed future stake in Delfin.

Delfin currently has 2.1 mmty of its 3.5 mmty first phase under contract after netting sales and purchase agreements with Hartree Partners LP and Centrica plc. earlier this year. The firm also has a 15-year, 0.5 mmty SPA with Vitol Inc.



DOE Obstacles

While FERC has approved an extension, Delfin will still have to seek more time for its non-Free Trade Agreement (FTA) permit from the Department of Energy (DOE) to meet its current timeline. The current non-FTA permit for the project expires next June.

Analysts with consultancy Rapidan Energy Group wrote in a recent note that DOE’s recent denial of an extension for Energy Transfer LP’s Lake Charles LNG and unclear policies for what the agency will consider for an extension create growing obstacles for the project.

“This puts prospective lenders and investors in the project at risk because significant capex will need to be spent to prove physical construction has begun, but a four-year extension is not guaranteed,” analysts wrote.

Drifting Timeline

Tellurian has also requested an extension from FERC for the first phase of its 27 mmty Driftwood LNG project in Calcasieu Parish, LA. The Houston firm said it would need an additional 36 months to complete construction, placing start-up sometime in late 2027 or early 2028.

Tellurian staff told FERC it needs the additional time based on scheduled delivery of equipment from Baker Hughes Co. The firms recently signed an agreement formalizing an order for eight gas turbines, main refrigerant compressors and the control units needed for the first phase of Driftwood.

“Based upon the Phase I delivery timeline, Driftwood LNG expects the timing to be similar for the Phase II equipment which will shift the in-service of the Phase II facilities into 2029,” Tellurian staff wrote.

My bad, I misread your email. Not sure what's up with the NGI code. I used my freebie awhile ago and haven't tried since. I'll try again with a different email.

When I found out about the site I immediately tried Trade Winds and NGI and it didn't work. Same for Bloomberg. I've only been able to get it to work for Seeking Alpha so far even though it advertises as working on any paywall. It's obviously a fluid battle between content creators and content consumers. The guy who told me about it said it worked on every paywall back when he started using it.

Small glimpse of what buying pressure on the ask will do to this ticker. Be greedy and snobby with your shares ladies and gents. Don't give them away for cheap, make the buyers force you to sell by making you rich.

Please point out where anybody in here recently is saying that shorting on the OTC doesn't exist. You might find some comment from a year ago, but point out where anybody that you're talking to right now is making that claim. That's an obvious strawman fallacy and it's completely ridiculous to sit here and make that statement. We are saying that the alleged 300M share short position in TXTM does not exist and is, in actuality, nothing more than an extremely convenient cop out and excuse as to why the stock actually dumped (the front loaders on StockTwits/iHub/Twitter/Discord rushed for the exits). You really need to grow up and stop making up stuff.

A neat "trick" for anybody not subscribed to Seeking Alpha, copy/paste SA article links here (https://12ft.io/) and it removes the paywall.

Current Augusta Gold corporate presentation https://www.augustagold.com/_resources/presentations/corporate-presentation.pdf

There's something about a Reuters article reposted on the NASDAQ site that just makes it read better. We're close ladies and gentlemen...https://www.nasdaq.com/articles/delfin-gets-more-time-to-build-us-gulf-of-mexico-lng-export-plant

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The FERC extension is for the onshore compressor station that Delfin has indicated in the past that they may or may not ultimately need. However, it was still a necessary hurdle to jump as you can't have an entire project come to a halt post-FID bc they thought they wouldn't need the facility and end up needing it and have to go begging to FERC. The four years puts them at the end of 2027 to have it built, if needed, which is in line with their target date to start LNG production on the Gulf.

Nevada King Hole 44 - The Hole Of A Lifetime

Welcome, this board has it all. From Chatty Cathies to silent lurkers, and nice guys (and gals) to major league a**holes. At least we're all here for the same thing. Congrats on grabbing your share of the pie.

We've now heard a lot of info in a very short amount of time which is getting me excited.

-DOE Progress Report highlighted the near completion and submission of the application to the EPA for the offshore emissions permit.

-The indication that Delfin has complied with all MARAD conditions and guidelines and is awaiting their final deepwater port license issuance once "financial responsibility" is proven. The license is expected "very soon".

-A four year FERC extension for the onshore facility is now granted.

-LNG Prime article today states, "Delfin also negotiated a binding engineering, construction, and procurement contract with South Korea’s Samsung Heavy Industries and US engineer Black & Veatch and said that it expects to sign this deal by September this year".....Very possible this deal may have already been completed.

- We are also awaiting the HOA conversion from Devon, as well as an update on their possible increased involvement with Delfin. As well as MOL officially taking a board seat with Delfin and updates on their involvement.

It sounds to me like the FID announcement is imminent and their final official govt stamp of approval will come with that announcement.

To read SA articles for free, copy/paste the web address for the article here....https://12ft.io/

https://seekingalpha.com/article/4639102-better-high-yield-buy-energy-transfer-mplx?feed_item_type=article&feed_item_type=article%27%20target=

I am starting to become somewhat obsessed with reading about Energy Transfer and their massive success as a business and as an investment.

www.fxempire.com/forecasts/article/energy-transfer-relentless-inflows-boosts-shares-1378093

Here's the link... https://lngprime.com/americas/delfin-gets-extension-to-build-us-flng-project/93865/

Significant upside here as results from their initial contract are expected this Q.

Hope to see this board liven up soon as TRT becomes a known name.

The world will never see Mr. Jones or any current or future Delfin executive look like this on TV....https://www.bloomberg.com/news/videos/2023-04-13/tellurian-closer-to-securing-lng-project-funding-souki-video

It's my personal opinion that Souki created Tellurian and r/m with Magellan Petroleum for the explicit purpose of converting his 25M share TELL position into a massive loan for his real estate investments. TELL r/m with Magellan in February of 2017 I believe, and about 1 month later Souki had already flipped his position for cash, or at least "pledged" it as collateral. I think Souki has been in very poor financial shape for awhile and has used Cheniere and Tellurian to cover up a giant black hole in his personal finances. Once it all started to come out that he's mixed his personal finances with his businesses, the SPA's were abandoned and Driftwood became a total sham. Add to that going public without FID, plus talking a big game and not delivering on self imposed deal deadlines, you can see that nobody believes in the project or Souki anymore. Frederick P. Jones is a different caliber man in my opinion.

Yes, I first started comparing Delfin to Golar and then came across this from New Fortress Energy (https://www.newfortressenergy.com/fast-lng), plus the recent articles (https://www.ogj.com/pipelines-transportation/lng/article/14299619/new-fortress-energy-completes-sailaway-for-flng-1) and liked NFE as a base comparison.

I have begun checking out New Fortress Energy since they've been in LNG news recently for transporting their first "jack-up" style LNG rig to it's home in the GOM. Rig 2 is leaving Texas for it's trip across the Gulf soon as well I believe. They are starting LNG shipments by year end from the GOM. It looks like from their financials that they ended last year with $2.36B in revenue and you can see their 52W trading range, they tapped $60 last year. I haven't done a proper deep dive into NFE yet to see how comparable it could be, but it seems like a decent starting point.

Here's my parting gift to the board. I have received a personal email from Georgio Armani and he's wanting to give me $5.45M as a donation. I'm good right now but if Parabolic or anybody else wants it I'll be happy to give you their contact info that I've redacted here in the photo. Don't be shy...

You're literally not smart enough to be on the internet. Nestle has a $300B market cap and they trade on the OTC. Actually, some of the largest multi-national corporate empires in the world trade on the OTC. Then the fact you believe one 55 gallon drum of seeds is worth $100M is INSANE!! It actually has driven me to the point mentally that I probably won't ever come back here and comment after reading your seed valuation post. You're a total and complete embarrassment to humanity. Not even joking one bit.

It was just a quick mention by Jason Freer when they were talking about the wave of American LNG capacity coming online in the next few years. Specifically, at this moment he was listing projects very near FID. He said something along the lines of the "multi ship operation in the Gulf, Delfin Midstream".

I finally got to the Poten & Partners webinar from last week. There was actually some good insight from the Asia analyst, Irwin Yeo, about what Chinese buyers are looking for. I'm paraphrasing and not directly quoting here. He said that the Chinese, as a whole, are no longer sitting back and looking to purchase LNG strictly for downstream use. They are now opening European offices to be closer to the gas trading hubs so that they can become players in the worldwide LNG trading game. The state run majors feel that they are currently well supplied with LNG from previous SPA's and are now looking to be "opportunistic" buyers going forward on new deals. While tier 2 buyers are looking for lower liquefaction and trading fees bc they cannot pass the cost onto their customers. What Chinese buyers are looking for, in addition to better pricing, is the ability to add value to their portfolios by buying equity in LNG projects. He said that the major focus from buyers going forward is the flexibility to use the gas internally or have the favorable terms work in their benefit so they can trade it internationally for a profit. There was also a Delfin mention by Jason Freer. If you're interested here is the link....bit.ly/3LJ2kt8
If it asks for a passcode it's LNGexpand23!

Just curious, why did you create an account just to ask everybody why they are here commenting? If anybody is the more likely candidate to be the one with no point to being here, I'd say it's you.

Your question implies that typing words on a screen with my thumb while lounging on my couch is somehow this huge waste of time and major commitment in my life. It literally takes 30 seconds to type a message. I've never understood the fascination with the argument that responding to messages is somehow an indication that's all that person does with their time. I'm a husband and a father with a very real life.