TheGlobe.com Inc (TGLO)

[potatoclump]

Interesting, I don't think that applies to issuance, though, it's only talking about the criteria set out in the license that would allow Delfin continued use (of the license). There was a pdf link of the actual license terms that outlined how soon they would have to begin exports and the terms of transfer of the license and all of that which is what I assume the link is referring to.

"As noted in Delfin’s prior reports, the Executive Director of the Maritime Administration, acting pursuant to authority delegated by the Secretary of Transportation, authorized the issuance subject to certain conditions of a License for the Port Delfin Project under the Deepwater Port Act of 1974 as amended on March 13, 2017. “Secretary’s Decision on the Deepwater Port License Application of Delfin LNG, LLC,” in Docket USCG -2015-0472. Delfin continues to work to satisfy the conditions for a License set forth in that Decision."

Here's the pdf of the license:

https://www.energy.gov/sites/prod/files/2017/06/f34/ord4028.pdf

Page 165 begins terms and conditions of the license. I don't think issuance is stipulated by any outstanding terms that Delfin hasn't met, merely they're referring to continued use and that Delfin is continuing development of the project to satisfy the terms set out in the license.

If they don't meet the criteria set out in the license then it will be revoked, but issuance isn't dependent on anything else other than the actual development of the license (legalese/paperwork filing).

I could be wrong.