TheGlobe.com Inc (TGLO)

[senor_c]

Fair enough - TELL has been struggling to make FID, even with all their dilution/financing options. Based on their recent filing, they still need 2.0 MTPA of 11 total, but they are saying that they will cover the costs of the last 2 MTPA. That's a lot of money to cover and means more dilution for that stock unless they find another buyer or financing option. It seems that Delfin is being smart by having separate FIDs for each vessel. This takes off some of the pressure to rely on additional financing to get the project started. Furthermore, TELL contracts are 10 year contracts with Vitol and other providers, and Delfin's are 15 year contracts, which are seen as more stable. I'm guessing that once Delfin has their first vessel funded, they will want to go public to help move along the entire Delfin LNG project (which is why we are here). TELL's Driftwood project is 11 MTPA and Delfin's Delfin LNG project is 13 MTPA, but what's nice is that Delfin doesn't need to have the total project up and running all at once to have success. They can expand when they are ready and have the funding to do so, which would reduce the need for immediate share offerings, etc. when they decide to go public.