Read this article, tell me these guys aren’t smart enough to realize how much money they will save through a reverse merger, not to mention the amount of time it would save over an ipo.
I think we are sitting on one very nice lotto ticket here! I think the whole company gets rolled into this shell. Possibly a small R/S sends this into the teens imo.
Delfin Midstream, LLC 1100 Louisiana Street Suite 3550 Houston , TX
From the recent filing,
a change in control pursuant to the Common Stock Purchase Agreement, dated December 20, 2017 (the “ Purchase Agreement ”), between Delfin Midstream LLC
As previously described, in connection with the transactions contemplated by the Purchase Agreement, the current directors and executive officers of the Company will resign from the Board and from their respective officer positions with the Company, and William R. (Rusty) Nichols will be appointed as Chairman of the Board and President
Delfin Midstream, LLC 1100 Louisiana Street Suite 3550 Houston , TX
From the recent filing,
a change in control pursuant to the Common Stock Purchase Agreement, dated December 20, 2017 (the “ Purchase Agreement ”), between Delfin Midstream LLC (the “ Purchaser ”)
As previously described, in connection with the transactions contemplated by the Purchase Agreement, the current directors and executive officers of the Company will resign from the Board and from their respective officer positions with the Company, and William R. (Rusty) Nichols will be appointed as Chairman of the Board and President
Mr. Nichols has been associated with Frederick P. Jones, Chief Executive Officer and President of Fairwood, on Texas-based real estate and oil and gas investments for over 20 years. Mr. Nichols is a graduate of the University of Texas at Austin.
Here's a Reuters artcile with the exact words Delfin Midstream LLC and it's president Frederick P. Jones,
“We’re on the mission to talk to Chinese companies to get something signed up,” said Frederick Jones, founder and chief executive of Delfin Midstream LLC,
Here is a CNBC article that mentions Delfin Midstream being one of 29 companies to travel with Trump to China, and an 8 billion dollar deal with China Gas Holdings,
Delfin Midstream and China Gas Holdings – $8 billion
It looks like Avocets deepwater lng is a separate project from Delfins,
Avocet LNG is owned by Fairwood Peninsula Energy, which is also the parent company of Delfin LNG, the developer of a similar Deepwater Port LNG export project offshore Louisiana.
So even though they are owned by the same parent as Delfin, they may still need to raise funds for this project? That might make more sense here. Still would be big money for that kind of thing.