Replies to post #29435 on TheGlobe.com Inc (TGLO)

[potatoclump]

there is no stipulation of required funds to keep the permit in any of the terms and conditions set out in the authorization order. you can read it for yourself and see that.

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

[potatoclump]

additionally:


XV.
ORDER
Pursuant to section 3 of the Natural Gas Act, it is ordered that:
A. Delfin LNG LLC (Delfin) is authorized to export domestically produced LNG by vessel from the proposed floating Delfin Liquefaction Facility, to be located in West Cameron Block 167 in the Gulf of Mexico, offshore of Cameron Parish, Louisiana.
Delfin is authorized to export this LNG in a volume equivalent to 657.5 Bcf/yr of natural gas on its own behalf and as agent for other entities that hold title to the natural gas, pursuant to one or more long-term contracts(a contract greater than two years).


the term of authorization doesn't begin until they commence operations. the term of which is 20 years in total. and they are required to commence operations within 7 years of this authorization order.