TheGlobe.com Inc (TGLO)

[MWM]

Delfin Midstream LLC/TGLO DD Page

Comparable Sector Valuations

Symbol----O/S ------Market Cap---Operational--Capacity
TGLO--441 Million--$90 Million--2021--13 Million
NEXT--106 Million--$900 Million---?----27 Million
TELL--212 Million--$2.4 Billion--2023--27.6 Million
LNG---237 Million--$13 Billion---2016--27 Million

Website
http://www.delfinlng.com/

Project Overview
http://www.gaselectricpartnership.com/kDelfin.pdf

Filings
https://ih.advfn.com/stock-market/USOTC/theglobe-com-inc-pc-TGLO/news

Headlines
https://globenewswire.com/news-release/2017/06/21/1027141/0/en/Golar-LNG-and-Delfin-Midstream-sign-agreement-to-jointly-develop-the-Delfin-LNG-Project-in-the-US-Gulf-of-Mexico.html

http://www.lngworldshipping.com/news/view,us-says-yes-to-delfin-floating-lng-project_47936.htm

http://www.oedigital.com/geoscience/item/16769-flng-projects-taking-shape

https://energy.gov/articles/us-department-energy-authorizes-additional-liquefied-natural-gas-exports-offshore-project

https://energy.gov/articles/us-department-energy-authorizes-additional-liquefied-natural-gas-exports-offshore-project

http://fuelfix.com/blog/2015/07/01/enbridge-takes-5-percent-stake-in-planned-offshore-lng-project/

https://www.lngworldnews.com/tag/delfin-lng/

https://www.reuters.com/article/us-china-usa-lng-delfin/delfin-taps-china-for-us-floating-lng-plant-but-final-investment-decision-challenging-ceo-idUSKBN1D90SL

Project Overview

Delfin LNG is developing the first floating liquefied natural gas vessels (FLNGVs) in North America. Having already completed the permitting process with the Department of Energy (DOE), Maritime Administration (MARAD), and the United States Coast Guard (USCG), Delfin LNG is a highly-advanced, shovel ready project that expects to be operational by 2021/2022.

The Delfin LNG project will consist of four primary components (see rendering below):

An existing, subsea pipeline called UTOS, which was purchased from Enbridge in 2014

A newly-built onshore compressor system, which will allow gas to flow through UTOS from onshore Louisiana to the Delfin LNG Deepwater Port
The Delfin LNG Deepwater Port, which is located up to 50 miles off the coast of Louisiana and will be the site of 4 mooring systems to house the FLNGVs

4 FLNGVs with a total export capacity of 13 million metric tonnes per year of LNG

Delfin LNG is convinced that floating liquefaction will be the future of LNG production. Floating liquefaction is environmentally-friendly, cost-competitive, economical with limited scale, moveable in the event of a hurricane, and has a shorter and more efficient construction schedule relative to an onshore project. Further, in the event that global energy markets change dramatically in the coming decades, a floating liquefaction plant provides greater flexibility for decommissioning and redeployment. The offshore location of the project's FLNGVs, nearly 50 miles off the coast of Louisiana, will significantly reduce coastal LNG carrier traffic while minimizing near-shore environmental impacts.