Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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https://www.dailyrecord.co.uk/news/scottish-news/beast-east-set-return-scotland-20006773
ByRecord Reporter
10:41, 11 SEP 2019UPDATED11:05, 11 SEP 2019
'Scots have been warned the worst winter in decades is around the corner as the Beast from the East is poised to return and the plunge the UK into a big freeze.
Temperatures could hit the lowest levels seen for 30 years, with forecasts suggesting lows of -15C could be recorded in some places.
Freezing spells are expected to last for weeks and we're being advised to prepare for plummeting temperatures when a freezing jet stream sweeps across the UK in January.'
I don't think anyone is going to say that a cold winter is bad news for INFA !
I agree that it might increase the unit price, but that's not how INFA makes (or is planning to make) money. They are not producers.
My knowledge on the subject is obviously limited, but common sense dictates that every unit of gas produced in the world is, at any point in time, either being used, transported or stored. Therefore, the less gass there is in total in the system, the lower the need for storage, all else being equal.
It’s really about security of supply and the premature closure of one of the largest natural gas fields in NW Europe lessens that somewhat.
In essence one could argue this will increase the flow of LNG from other parts of the world begging the question as to whether and how cargoes of liquid gas are classified as gas in store ie even before they are discharged.
Kibuc no it's not....
@Snowman100
Why would that be good news? It's a bit like saying that gold mines getting closed or reducing production is good for bullion vaults, or that less cars being produced is good for parking operators. Surely, the opposite should be true?
Great news spud.....again serendipity at play......great for INFA......no wonder everyone seems to be making plans for so many LNG projects now......luckily we are very far along the road especially with Islandmagee but also with the FSRU project, where much preliminary work has already been undertaken over the last decade.
Can't wait for our very potent news flow to start rolling !
https://mobile.reuters.com/article/amp/idUSKCN1VV1KE?__twitter_impression=true
Europe largest onshore gas field to stop production 8 years early...
Good point Tony.
If that was the case then we have probably hit on an absolute no-brainer gem !
Serendipity......right place.....right time.................................perfect !!
so you did, apologies, I just had a look to see if you'd made any extra comments. Rough didn't close until 2017, perhaps as a guess it ended up being uneconomic whilst the storage was still open.
Don't think it was environmental concerns here is a link to the comments on the original Environmental Impact Statement.
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/599525/PMEL_pmp_add1.pdf
No objections from Marine & Coastguard Agency, Natural England, Ministry of Defence, Marine & Fishing Agency, Environment Agency etc etc and recommendation that the project should go ahead....so I guess the issue must have been finance?
The project is mega, so hope we go ahead after DD!
GLA !!
Hi Tony..... I posted that link (1,120) on 28th July.......but the 64,000 dollar question remains...... why did they pull out at such a late stage...i.e. after the gas agreement was in place?
Would love to know.....can't find any references.......the other anomaly that has been raised by research into the local authority planning site is it seems the planning permission is out of its 3 year date..........but hopefully we will get updates on it all fairly soon when DD completed. I think it must be a goer though if VITOL are interested, they would probably already know the answer as to why the plug was pulled at the time.
Bit of history on the barrow-in-furness site.
https://www.offshore-technology.com/projects/port-meridian-deepwater-port-morecambe-bay-england/
For N.I. economy if only the locals could remove the bio-degradeable blindfolds and adjust their thinking?!
https://www.bbc.co.uk/news/amp/uk-northern-ireland-49609767
Agree Snowman - the benefit of having a set of hard milestones is that you are putting your money where your mouth is .. there is no wriggle room and I would expect subsequent RNS's to be just ticking these off
Whoops!....screwed up with the quote !!
On second thoughts....... we'd better head east !!!!!!!!! LoL !!!!!!!!!!!!!!!
Setanta....'The problem with RNS's which show delays or which stipulate timing for important events in months to come rather than in the immediate future is that they tend to affect the share price adversely.'
That's very true, AIM investors are an impatient and fickle mixture for sure....but IMO, once the stated deadlines have been stated and are ticked off on or ahead of schedule and it can be seen that the company has consistently hit the targets that they stated, confidence in the company greatly increases as does anticipation of the next target (huge driver of the SP) and the share price impact can be higher than it would have been had the targets not been set in the first place with the news released as and when it happens.
Again...have to state it is my opinion, not claimed fact.
I think all of us that are invested here fully realise the absolute mega-potential of this 'diamond in the rough' and the massive drive, vision and skill of the small dedicated team at the helm........so set the sextant, raise the main sail and head into the setting sun (“The quickest way for anyone to reach the sun and the light of day is not to run west, chasing after the setting sun, but to head east, plunging into the darkness .." ....Gerald Lawson Sittser).
GLA !!
Nice to know that the equity funding partner has been selected,(better still if they had been named), and good to see that the Marine Licence is progressing.........But otherwise there isn't any really exciting news in the RNS.
The Chairman appointment has been delayed and so has the receipt of the due EU funding. The problem with RNS's which show delays or which stipulate timing for important events in months to come rather than in the immediate future is that they tend to affect the share price adversely. THIS IS AIM !! Investors don't put their money into companies which indicate good news in several months to come. They wait and see! And some current holders have reasons to sell. All of which suits the MMs down to the ground.
INFA needs new investors and todays RNS isn't going to incentivise many of those. Looks like the LTH's are just going to have to wait longer. And continue to believe!
Speedy - will be breaking out the babycham if it is indeed a Green Xmas
ban4118 picked up on this.....'They’ve finally settled on their equity partner - no mention of debt partner....likely to be Vitol who were happy to offer both.'
IMO it looks like either they forgot to put in checkboxes for agreed terms of debt funding and debt funding agreement executed (unlikely), OR it's absolutely bound to be VITOL (not likely to be), as FID wouldn't be able to go ahead otherwise, without debt funding covered.
But even if it IS VITOL.....I still think they could have/should have put the debt funding checkboxes in place.....to be checked off when achieved.
However, that's small potatoes ........RNS all very positive.........no negatives hinted at at all.
This won't be too distant in the future now .............. ' the deal could bring in up to £65m a year on a “conservative” projection — leaving about £50m in cash after costs.'
Bring it on !
GLA !!
Radders. It's just a matter of time before the MM's change their tune. JWs checkbox strategy will clearly and inevitably demonstrate progress to FID boosting confidence and SP. I hope to be singing "I'm dreaming of a GREEN Christmas" this year!
does seem MMs still desperate to keep the SP down
With equity provider selected remember equity will be taken at project level. Also as vitol are off take partners wonder if the dots are getting closer. Also £15 million that’s been spent on the project is rebatable:) this should have a nice run up until Xmas imo accumulating time.
Great to see a list of milestones again. Look what happened last time there was one
They’ve finally settled on their equity partner - no mention of debt partner....likely to be Vitol who were happy to offer both.
Also an update on the FSRU to come as well.
Really positive RNS and good that JW has put out a number of clear and measurable milestones over a relatively short time frame. I didn’t pay my £1 to read the whole times article .. but do remember a few years ago INFA was the Times AIM one to watch. Come on JW bring it home !!!