Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Whatamess. Here is Lisas reply...........NO. why? because 1 + 1 equals 3!
Lisa. Repeat after me, your mantra, "IM gas caverns must not be built, I must sink the project, Shareholders must be discouraged, IM gas caverns must not be built, I must sink the project, Shareholders must be discouraged, IM gas caverns must not be built, I must sink the project, Shareholders must be discouraged."
At risk of repeating myself again Speedy, there are 3 gas interconnectors into island of Ireland, never been a supply issue, & UK supply appears quite secure from Norway + LNG imports & rise in biomethane ... Celtic Interconnector is energy infrastructure for the island of Ireland, already costed & funded ...
Lisa. You keep repeating the same points over and over, like they do in those Xinjiang re-education camps, expecting the recipients to be reformed. You're points are indeed valid but, if you have read the most recent UK GOV literature, energy supply cannot be guaranteed in the event of extreme weather or energy supply disruption. Are you suggesting the people of N Ireland and Ireland should save their money? Because it is possible they may have to burn it just keep warm! Not good for the environment nor the pocket! Surely you'll agree it's better to build infrastructure to guarantee energy security, which does not currently exist, does it? Perhaps you should address your points directly to the Government rather than try to sway shareholder sentiment here? Did you not read the UK GOVs own words in my previous post below? Here they are again, for your "re-education!"
If Ireland does not find more economically recoverable gas elsewhere, or BUILD INFRASTRUCTURE FOR DIFFERENT TRADING ARRANGEMENTS, the level of dependence on gas from Great Britain is expected to rise. Again, there is no gas interconnection with other markets beyond Great Britain.
Hi whatamess, in what way do you think I don’t understand?
Hi Guys, still issues with any NI gas storage being landlocked ... reverse flow for SNIP is circa €60M + €1-2M annual running costs ... twinning is circa €250M so can’t see that being an option. As Premier Transmission is a mutualised company (has to operate SNIP in best interests of NI consumers), & both projects no longer considered PCIs (as viewed by EU commission methodology as overall benefits not outweighing costs, so no access to EU funding), reverse flow would require a Public Consultation for any funding that affects NI postalised gas tariff (eg will NI gas consumers want to pay for gas returning to GB that pushes up NI gas bills ..)
Also worth considering is the planned Celtic Interconnector for the island of Ireland, with €530M of EU funding to connect Ireland to France/EU to facilitate increased use of renewable energy on island of Ireland single integrated electricity market (iSEM), and that Eirgrid (Ireland grid) own SONI (NI grid) ...
Well something made JW delay FID....
UK GOV Northern Ireland position paper for Brexit negotiations:
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/638135/6.3703_DEXEU_Northern_Ireland_and_Ireland_INTERACTIVE.pdf
Section on ENERGY (points 66-69) are particularly relevant, especially:
68. The continued ability to trade gas between Great Britain and the island of Ireland is also critical for security of supply and efficient market operation. Electricity generation in Northern Ireland and Ireland is heavily reliant on supplies of natural gas, and imports from Great Britain account for nearly 100 per cent of Northern Ireland’s gas supplies and 40 per cent of supplies for Ireland.45 If Ireland does not find more economically recoverable gas elsewhere, or BUILD INFRASTRUCTURE FOR DIFFERENT TRADING ARRANGEMENTS, the level of dependence on gas from Great Britain is expected to rise. Again, there is no gas interconnection with other markets beyond Great Britain.
Everything still to play for re: Islandmagee
Looks like all reports infrastrata have submitted for PC show a short term low impact operation !
Add in the potential security of supply issue that Brexit may cause , I'm expecting lots of positive newsflow in the next 6 months or so
Great post,Chris, and photo per JW .. our Mr Magic Man now with a professional and highly experienced competent managerial team that seems acceptable to the workforce and well known and respected in the industry !!
'Great to see ship number two in the dock this evening, pleased ship one left on time with a happy owner.'
http://twitter.com/JohnWoo64494325/status/1210983964103589888
Spot on spud
Just neec to refinance and job done
It seems to me JW and AR have a plan to
1. Keep as much project equity in islandmagee as possible
2. Be revenue generating and self sufficient as soon as possible.
Achieving number 2 gives a much stronger hand when negotiating number 1
GLA
The marked sells at .3144 were also buys, one mine - having raided the piggy bank!
Slowly the price paid for buying is higher
starting at 0.313p then 0315p, 0.316p and now 0.3170/75p
and now a 4,678m buy @ 0.32p full offer, but a smaller trade still going for 0.317p
Seems all the historic analogies around the good ship INFA from BruSeaBonus and Snowman have proven to be quite prophetic !! All aboard !!
Interesting isn't it, 8.5M of buys this morning, no seels as far as I can see, so far, and the sp barely moves!!!
Imagine if it had been the other way round? 10% drop anyone??
Come on MM's, those that are at work, stop messing around, this should be flying this am!!
Mr T
Thanks for your insights on trends Master RSI. It’s very interesting to me.
Having ridden quite a turbulent 2019 I am now very positive about INFA as I’m in no hurry but I understand the righteous impatience of other LTHs.
I think we are now in a stronger position than we’ve been ever in the history of the business. A competent & experienced management team with a workforce of experienced, grateful and enthusiastic employees in H&W now the BOD can turn their attentions fully back to natural gas; storage & FRSU.
Happy NEW Year to all .... when it arrives.
The appointment confirms my theory this is now thought of as two companies.
I just hope the storage side gets cracking in 2020 and h&w progress wont mask it's failures.
The eu money and ml are two outstanding milestones from 2019 , the ml was overlooked in 2018 imho , thank good there a tory government for h&w ,
2020 will be make or break , jw make please
A good start of the day indeed the buys are showing on both tickers with some 7 numbers figures buys now reaching over 8M volume. (LSE + NEX )
An with the last trade bid up to 0.31p, New Year is coming
There's a strategic appointment. Excellent to see a plan unfolding.
A lot of defence links in the new Chairmans CV....
Cracking news well done JW and in Q4 as planned.
Onwards and upwards from here me thinks.
Exciting times indeed.
Mr T
Agreed Loosegoose. Looks like a very well connected industry "heavy hitter." Can only boost SP from these lows. The new year is looking good already.......well done JW!
Very happy to see this appointment being made earlier than anticipated. Experienced professional that surely will add a lot of value. Roll on 7 February.