| From: MarianneC | 4/30/2009 11:05:45 PM | | | | | | QUESTION: Are there any COCBE shareholders who are surprised that Charlie Crist, the current Governor of Florida (and his hand-picked three-member Cabinet), will be the ones to vote on selling NEW offshore drilling leases as close as three miles from the coast of Florida? The same Charlie Crist, who met with Jeb Bush, the previous Governor, "behind closed doors," in June of 2005, who for years, had been padding the budget in order to purchase (steal) the Coastal Caribbean leases for $12.5 million in their secret agreement with The State of Florida?
REMINDER: Coastal Petroleum, a Florida corporation, held certain working interests in non-producing oil, gas and mineral leases covering approximately 1,250,000 acres, and a royalty interest in approximately 2,450,000 acres, off the coast of Florida.
REMEMBER that these leases were swapped for leases in the Western plains that have yet to be drilled or produced any oil or gas?????
It is only a matter of time before, Christ, the turncoat, signs this bill and who do you think will profit?
POSTED: Monday, 4-27-09 9:20:36 PM
Florida House of Representatives Approves Offshore Drilling
TALLAHASSEE, Fla. (WOFL FOX 35) - Bill passed to allow offshore drilling by Florida's coast. The House approved a bill on Monday that could allow offshore oil drilling just three miles from the coast of the Sunshine State.
There were arguments that drilling could damage the environment and tourism, but the money, jobs, and reduction of dependency on foreign oil led the House to its decision.
Gov. Charlie Crist and a three-member Cabinet are the ones who can approve drilling leases in state waters between three and 10.5 miles from the coast.
Last week Crist said he would keep an open mind about the bill, but that he was concerned about how close it would be to the coast. |
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| From: MarianneC | 12/1/2009 7:34:23 PM | | | | | | REMEMBER THE COASTAL LEASES IN THE GULF OF MEXICO THAT NOW ARE OWNED BY THE STATE OF FLORIDA THANKS TO CHARLIE CRIST AND HIS CRONIES?
Link to article: hoegh.com
GOV. CHARLIE CRIST SUPPORTS PORT DOLPHIN ENERGY DEEPWATER PORT
Tallahassee, FL, Sept. 14, 2009 - Florida's Governor Charlie Crist announced, on September 11, his approval of the planned Port Dolphin Energy, LLC, deepwater port project which will provide a new source of natural gas to the state.
As part of the federal permitting process, Gov. Crist is required to express support, opposition, or take no position at all for the proposed Liquid Natural Gas receiving terminal. His favorable decision is an important milestone for Port Dolphin, which is a subsidiary of Höegh LNG, a worldwide leader in development of floating solutions in the LNG value chain.
Port Dolphin plans to construct a deepwater port 28 miles off the coast of Manatee County. Liquid natural gas (LNG) tankers arriving at the port would link up with a natural gas pipeline running from the offshore terminal to Port Manatee and then inland for four miles before interconnecting with the state’s natural gas pipeline grid. The LNG would be returned to a gaseous state onboard the vessels and fed into the pipeline to serve customers throughout west central Florida.
“We are pleased with Gov. Crist’s decision to approve this very important project. When completed in 2013, Port Dolphin will be able to provide Florida utilities with another source of clean energy,” said Sveinung J. Støhle, president and chief executive officer of Höegh LNG.
The venture is expected to generate more than $150 million in direct economic impact to Manatee County and the Port of Manatee during the next 20 years.
The Governor’s positive support is a major step in the permitting process that is expected to be completed by 2010 as federal, state and local regulatory agencies review and act on the permit application. Construction of the port project is scheduled to begin in 2011.
“This approval marks more than 3 years of development work on the project, and confirms Höegh LNG’s strategy to design and develop a new competitive LNG market access into the Florida natural gas market”, added Støhle. “This is one of several projects of similar kind we have in our portfolio, and we are very pleased with the support the U.S. federal and Florida regulatory authorities have afforded us in this development. Port Dolphin will offer our customers new LNG import capacity and thus the possibility for marketers to diversify their sources and increase the security of supply to their consumers in the United States, while LNG owners are offered an alternative and flexible solution for access to the attractive Florida natural gas market.”
The project could serve more than a million homes with energy when it is in full operation.
Considering the Environment
The project will adhere to several conditions relating to noise, construction management and environmental impact mitigation. As part of the federal permitting process the USCG published an Environmental Impact Statement which confirms that Port Dolphin will not have any long term major impact upon the sensitive and important environment that it will operate in.
Höegh LNG
Höegh LNG is a fully integrated ship-owning company offering long-term floating production, transportation, re-gasification and terminal solutions for Liquefied Natural Gas (LNG). The company operates a fleet of four LNG carriers and has two innovative Shuttle and Re-gasification Vessels (SRV) on order. In addition to transporting the LNG, these vessels will act as floating terminals while delivering the natural gas to the market. Höegh LNG’s strategy is to add value to its customers by broadening its service scope to include solutions for floating production, re-gasification terminals and delivery of natural gas. The company is developing two deepwater terminals based on SRV technology in Florida and UK. In addition to the head office centrally located in Oslo, Höegh LNG has established presence in London (UK) and Tampa (Florida).
Contact: Sveinung Støhle, President and CEO, Höegh LNG
+47 4003 9969
Harry Costello
Hill & Knowlton, Inc.
(813) 221-0030
Christ Letter will be posted in a second post.
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| From: MarianneC | 12/23/2009 7:46:33 PM | | | | | | PORT DOLPHIN RECEIVES CERTIFICATE FOR ONSHORE PIPELINE
>> The Federal Energy Regulatory Commission issued a certificate of public necessity and convenience to Port Dolphin Energy, LLC to build and operate an onshore pipeline connecting to its deepwater port 28 miles off the coast of Manatee County. The certificate pushes the company closer to receiving a license to build its deepwater port after getting a Record of Decision from the U.S. Maritime Administration in October and Gov. Charlie Crist's formal approval of the project in September. Once approved, liquefied natural gas (LNG) tankers would arrive at the Port Dolphin offshore deepwater port and then connect to a new undersea pipeline system that would come onshore at Port Manatee. The LNG is returned to a gaseous state onboard the vessels offshore and then fed into the natural gas pipeline to serve customers throughout Florida. |
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| To: MarianneC who wrote (4680) | 4/3/2010 3:05:38 PM | | From: Edwin S. Fujinaka | | | | Nice article Marianne. Too bad all of us got screwed by the Management of CCO (or is it COCBE or COCBF). I even still have a few shares left, and I think the stock price jumped from $0.08 to $0.10 on Friday :-). Up 25%!LOL. Why do I feel like crying?
Ed Fujinaka |
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| To: Edwin S. Fujinaka who wrote (4681) | 4/5/2010 2:47:23 PM | | From: DrAllan | | | | ED
Nice to here from you. Glad you are still keeping any eye on the company. I, too, have a few shares left and hope that one day something may happen. Has anyone heard any news as to why there is a little activity and slight bump in the stock price. Just some manipulation?
Dr Allan |
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| To: DrAllan who wrote (4682) | 4/19/2010 3:51:44 PM | | From: bensen 1 | | | | | dr. allen.....the recent rise in the stock price might be the last few sec filings in which robert angerer is going to finance some future drilling for 14,000,000 shares of cocbf along with some percentage of profits....bensen1 |
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| To: bensen 1 who wrote (4684) | 4/27/2010 5:06:24 PM | | From: bensen 1 | | | | | the coastal s.e.c. 8-k filing dated 1-20-10 category "company events" gives a good descripton of the possible future plans of the company. i will believe it when i see it!! |
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| To: DrAllan who wrote (4682) | 5/6/2010 12:39:26 AM | | From: bensen 1 | | | | Coastal Caribbean Oils & Minerals, Ltd.
FOR IMMEDIATE RELEASE
COASTAL PETROLEUM COMPANY AGREEMENT OPTION EXTENDED
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APALACHICOLA, FL, April 29, 2010 . Phillip Ware, President and Chief Executive Officer of Coastal Caribbean Oils & Minerals, Ltd. (OTC Bulletin Board: COCBF.OB) (“Coastal Caribbean” or the “Company”), announced today that the Company and its wholly owned subsidiary, Coastal Petroleum Company (“Coastal”) received a $50,000 payment pursuant to the letter agreement entered in January with Robert J. Angerer, Sr., (Mr. Angerer) a Director and Chairman of the Board of Directors of both Coastal and the Company.
Under the Letter Agreement, the Company and Coastal granted Mr. Angerer a three month option, with the right to extend the option for an additional three months by paying $50,000. Mr. Angerer made the payment and elected to extend the option to fund the Company and Coastal’s operations on the following terms: to pay $3 Million to Coastal to be used for drilling one of Coastal’s Lodgepole Reef Prospects in Slope County and for operations of the Company and Coastal. In return for the payment of $3 Million, Mr. Angerer would receive 20% of the outstanding common shares of Coastal and 36% of the net revenue from the well drilled. If he exercises the first option payment Mr. Angerer then has the option to pay three additional succeeding $3 Million payments to Coastal for drilling two additional Lodgepole Reef Prospects, wells on the Starbuck East Shallow Gas Prospect in Montana and other company operations. Mr. Angerer would earn 36% of the net revenues from all operations in North Dakota and Montana if he makes the three additional payments.
If this funding is fully realized, Coastal plans to drill: its Red River Formation development prospect; three of its Lodgepole Reef prospects in Slope County, North Dakota; and six wells on its Starbuck East Shallow Gas Prospect in Montana. The Company and Coastal will also have operational funding for an estimated two years.
Now in its 56 th year, Coastal Caribbean Oils & Minerals, Ltd., is engaged in the exploration for and development of oil and gas reserves through its wholly owned subsidiary, Coastal Petroleum. Coastal Petroleum’s principal assets are its cash and its non-producing oil and gas leases within the Williston Basin, covering approximately 8,510 net acres in North Dakota and approximately 35,873 net acres in Montana.
Certain statements included in this press release, which are not historical in nature, are intended to be forward-looking statements. Coastal Caribbean cautions readers that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
Contact: Robert J. Angerer, Jr. at (850) 878-2411
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