Infrastrata Share Chat (INFA)

I agree re Spuds post too - and no doubt in my mind construction of Infa could start as early as Q2 2019

Simple jfk9 - Rough would cost circa £1.2B just to refurb wheras Infa being MRS could be developed from scratch and have a brand new facility that is far more responsive to meeting demand and be able to supply 25% of UK's gas storage needs for just £300M. MRS sites are the way forward Rough has not only outlived it's natural life but it's usefulness too. Even though Infa sizewise is only 1/6th the size of Rough it's potentially much more profitable than long range facilities. I would argue that even if Rough remained operational the need for Infa would still have been there due to it's unique location and there being no storage in Ireland. Even when Infa is built there will still be a shortage of storage in the UK. It was never the case of one or the other but Infa would clearly provide much more value for money and be of more use as an operational facility.

I believe the whole integrity of the well is an issue with Rough, also an off shore facility operating costs will be many times that of an onshore facility.

Medium range storage (MRS) is also much more flexible, faster injection and withdrawal rates, allowing for several cycles a year. Which means more income.

As stated by infa, islandmagee could be the most profitable gas storage facility in the UK

Rough closure was down to end of shelf life, it had operated for 32 years and it was no longer safe and economical to operate without complete refurbishment....

This simply shows the challenges INfA has overcome to get this far in its journey and the importance of the islandmagee site
https://www.ft.com/content/564a1ec0-8288-11e7-a4ce-15b2513cb3ff

Drums beat louder for gas security inquiry
https://theenergyst.com/drums-beat-louder-gas-security-inquiry

One thing that puzzles me is the closure of Rough which I guess is now being run down. As there appears to be such a compelling case for and shortage of gas storage I would have thought a major reappraisal there would be on the cards to overcome safety concerns and keep Rough operational. It may be the case that ongoing viability is not feasible regardless of cost, anybody know the answer?

agree mcadder. Funding news should rerate this to muliples. Market is now taking notice. It certainly has my full attention and even though I've bagged already on paper, I will be adding.

Eyeguy - lots of good things to talk about and I think 1.5p is pretty much nailed on here - volumes this week are good sign of confidence with investor's in this project and I certainly expect this to continue. As for those large 8M trades yesterday which were definitely buys would be nice to see on Mon if they are linked to further director buys? Interesting times....

http://uk.businessinsider.com/ap-france-spain-and-portugal-eye-gas-as-they-diversify-energy-2018-7 ............................ LISBON, Portugal (AP) — The leaders of France, Spain and Portugal say they are moving ahead with plans to diversify their energy sources, which could mean more imports of liquefied natural gas from the United States. The leaders said after a three-way energy summit Friday it is "essential" to build infrastructures enabling them to import, store and transport natural gas, including through new pipelines described as "key."

John Wood is COO - executive director, full time employed not a non-Executive director.

good posts guys. I notice volume is arriving in terms of number of daily trades and also value of the trades too. That bodes well particularly as the mcap is so small.
I can see a continuance of the upward trend towards the 1.5p mark next month. Based on how far they have come I'm not sure how anyone can argue that the market cap should be half of what they have spent on the project. Market is catching on and I'm pretty sure we will all be rewarded here. No dilutive funding announcement or any sniff of that and I suspect 3p will be hit. We will see. Future event and all that. gl

Very much agreed Spud - schlemiel glad to help lol

https://knect365.com/energy/article/ec96254f-6a7d-408d-844c-c56d57f99f9c/eu-gas-trading-in-transition-gas-hubs-pricing?utm_source=Twitter&utm_medium=Referral&utm_campaign=Twitter%20-%20Social%20Referral

"A case in point is the recent divergence of UK gas hub prices from mainland Europe, due in the main to the sudden closure of the offshore gas storage facility at Rough, unscheduled production outages in Norwegian gas fields, and the persistent threat of unscheduled closures of French nuclear power stations. Recently, the cold snaps in North Western Europe have decidedly affected both the supply and demand for gas. Traders have been left desperate for supplies, as underground stockpiles held in Britain, Belgium and France were at their lowest since 2015, and LNG cargoes were hard to find due to increased demand from the Asian market."

What mcadder said lol

Great post again!

Either one or two investors thought it was a good idea to put buy orders in for over 8mill shares yesterday. Definitely not 10% traders that's for sure

mcadder - many thanks for that intoxicating contribution!

I don't think increasing your holding to 5M as long as your happy to would be a silly thing at all here....it's fair to say the project languished for years under the previous bod for a number of reasons. However the make up of the current bod with some impressive experienced individuals, commencement of FEED, recent contractor announcements with big names (Costain, DEEP Kbb, WSP) show the appetite and sheer drive to deliver and deliver they will. Another vote of confidence here and a huge buy signal for me is John Wood who became a NED recently with circa 15M shares, then last week purchased another 16M shares which now makes him a major shareholder with a similar holding to myself. That speaks volumes to me about the prospects of success for project Infa. If you dig a little deeper into the profiles of Arun Raman who joined us last week along with GL, MB, JW and AD you will understand why the market is starting to believe. We have the hallmarks of a very successful profitable company here and the next few announcements here are likely to be transformational for the company. I know of numerous shareholders here holding serious amounts who are holding long term for potentially massive gains so, with all due respect to Dinerios who is clearly a trader - no one cares about your SP predictions come Mon! By next month I see this at 1.5p and by Q1 2019 3p and this is not ramping, it's simply a realistic target bearing in mind the sheer valuation gap that exists here as we move towards construction.

2/3 off the funding is pre qualified for the government guarantee scheme, basically risk free to lenders so a bank loan.

1/3 will be a share of project at project level (we own 100% of islandmagee storage ltd)

CBRE have been brought in to access this

Yes, thanks spud.

I am encouraged by recent appointments and significant stock purchases by Directors rather than free-lunch options..that personal financial commitment goes a long way to cementing confidence

I might err on the side of caution and add a few more when the price temporarily retraces which it will at some point

thanks

Yes I believe that was all built using the EU Project of Commmon Intrest grant about 5 years ago. I read something somewhere about 2/3 govt funding to get this project going but this is unlikely to be EU money in which case what govt will fund it. Couldn’t get finance from uk HMG as Osborne’s £40billion infrastructure fund required long term offtake Agreements which were unobtainable a few years ago. Like all these projects it’s arranging robust finance that will be a key turning point in the project and of more interest here the share pr

The majority of the net proceeds of the Placing will be utilised to provide the funding required to enable the Company to commence and complete the Front End Engineering Design ("FEED") for the Project, which the Board considers to be a key step towards obtaining funding for construction of the Project and its commercialisation.

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§ Taking into account the remaining net proceeds of the Placing and current cash reserves, the Company is satisfied that it has sufficient working capital until the end of 2018.

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=INFA&ArticleCode=8l1khfgg&ArticleHeadline=Strategic_fundraiseproject_updateJoint_Broker

I hold 3m shares. I am thinking of increasing that to 5m. Is that a silly thing to do?

2p would give me £100k, obviously

Is 2p achievable before end 2018?

I love the liquidity with this stock. You can buy and sell in decent size and with the stock underpinned by a solid company, great management with real skin in the game and a sector soon to be in demand I am struggling to see the downside

Maybe a placing? Though a placing for the right reason is never a bad thing

Apologies but just musing

Hi everyone. Great week for all shareholders of Infa with the increase in share price since the rns news this week was released. After buying again on Wednesday I have made a small profit paying back the commission for my two deals. 1-2p sp hopefully soon. Have a great weekend. Regards.

BD6 - Im not a LTH, just saw an opportunity to make some money thats all. Like Arnie says "I'll be back". Have a good weekend. Looking forward to next week trading, should be interesting.

http://www.mutual-energy.com/other-projects/scotland-to-northern-ireland-pipeline-snip-project/

Worth highlighting that the planned reverse flow of the Scotland-to-northern-ireland-pipeline- (snip) is also a project of common interest (pci)

This will make islandmagee much more attractive to gas traders

You have only appeared in the last few days !! Depth if knowledge ??