The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Very very very good post Mcadder! !
https://www.independent.ie/business/brexit/brexit-and-uk-site-closure-boosts-gas-storage-project-37402025.html
According to JW, the author, Anna Shiryaevskaya of Bloomberg, "really understands the gas market".
Well worth a read.
Some key throwaway lines by JW:
"Rough closing was really the game-changer, had it not been for Rough closing, our project would have struggled," said InfraStrata CEO John Wood.
So Rough was the catalyst to kick-start the project into top gear, then. Very important admission, there.
And, "The company is in advanced negotiations with offtakers, traders who are "willing to pay to justify the economics of the project", Mr Wood said. He didn't disclose the potential customers, but said InfraStrata planned to update the market on the commercial arrangement in the fourth quarter."
Wow! Double wow! You won't find that in any rns.
It doesn't stop there.
"InfraStrata is also considering building a liquefied natural gas import terminal. "
Really?
I was looking for signs of an offtake agreement being negotiated, as this will be key to getting project funding in a timely manner once the FEED report has been submitted to the EU relevant departments. But I wasn't expecting to read about other projects being under discussion. Not yet, at any rate.
I presume there is some substance behind the final JW comment, other than just wishful thinking. But funding as an issue springs to mind immediately.
There are 2 proposed gas storage facilities in NW England both of which have a number of ongoing issues. The first one is the Preesall gas storage project owned privately by Halite which has fierce local opposition (even from their own local MP) possibly as the project is to be situated very near to a more populated area. There is also the potential issue of compulsory purchase orders and the proposed extension by the Govt of the Liverpool Bay special protection area for protected bird's.
The second project over in Morecambe bay also privately owned by Stag energy has issues too. In fact the main reason both have languished is down to the issue of funding hence why the project's are yet to be developed despite having been around for quite a number of years. They do not qualify for the PCI status, EU grant funding or the UK govt guarantee scheme either.
Infa on the other hand has all of this plus full local support which wouldn't have been possible without the passion and commitment of our very own Judith Tweed who is the community liaison for the project plus much more.
Yes both the Halite and Stag energy would be using the same thick salt bed on the other side of the Irish sea (of course they would be as this particular layer of salt stretches all the way from N.I over to Germany) however Infrastrata is also in a very strategic location allowing the potential supply of gas to the whole of Ireland and UK via the proposed reverse of the SNIP. With all planning consents, storage licences and environmental assessments alreasy in place Infa is good to go. Plus as Spud mentioned it is to be onshore resulting in much lower Capex and Opex. Infrastrata is to be Ireland's only gas storage facility and it's timing will be critical to coincide with the massive projected increase in gas demand in Ireland as they reduce their dependance on Oil, Coal and Peat over the coming years. The construction of Belfast gas power station and the Gas to the West expansion programme also continue to make great progress.
There is the argument that there will be a need for all 3 gas storage project's to be developed to help with security of supply in the coming years. However Infa is by far the most advanced and ready to go project and I imagine that the level of interest that has been generated by the major gas players and major funds is quite significant with Infa.
Good times coming finally for Infa - after over a decade in planning, design, delays and setbacks and more delays we can now say it's finally happening! Don't forget also the potential phase 3 and 4 of this project along with the revised 40yr life and potential uses for our storage facility. All these things together really do add a new dimension to the sheer potential here....GLA
Beauty with infa being onshore is CAPEX and OPEX should be considerably lower
have you seen this, plans for offshore storage morecambe bay - same salt beds, good endorsement all round.
http://www.gatewaystorage.co.uk/ little vid worth watching
found out about it looking at figure 2 here
https://www.bgs.ac.uk/research/energy/undergroundGasStorage.html
Any rise in bad market conditions is a convincing indication of a damn good company!
Good weekend all!
Here's a post I stuck on advn early this morning....couldn't resist reposting it on here....
'JWs next tweet will be significant!
He's a bit of a dynamo..........his track record says it all!
He has successful experience in completing all the tasks he is now initiating for Infa.......way to go John......get in there my son!'
GLA
Some chunky buys today ( several on nex exchange) Bodes well for next week.
About bloo** time as well, this should be moving higher now or at least back into the 70's. No brainer!!
No sudden rises though just a nice steady rising sp from now until December will do nicely thus starting to show some added value to the project.
Mr T
Snowman there's your tick up lol closed 3% up near the bell
Another £7k added today. Quietly confident I can bag on this one by March.
How can there not be a tick up?
I’ll be a good boy Snowman. If JW brings me a nice present, Santa can have the night off in our house :)
It will be WELL north of your average before Christmas. Make sure you stay on Santa's nice list and don't be tempted to do anything that might put you on his naughty list!
Thanks dawski. I’m only in infa and a few funds. I lost a lot last year after a good run. My decision making became terrible once my confidence went. Tough old game this but I’m as certain as I can be about this one. Some great posters on this board too. I thank you all.
Well done,Steello --good call --were it not for current market conditions this share would and should have done well this week after the positive RNS documents including all the Director Buys --stay firmly on the deck of SS Infa ..you will NOT regret it !!
Wish I could but i’m not allowed one. I’ve been baby sitting my granddaughter in Aus for 2 years. 1 more year left before they boot me out. They treat me as a resident for tax purposes here so no ISA allowed back home.
Stick some in your ISA
Took the opportunity to get another 474,570 @0.59. Takes my average to 0.64. No money left now in my Sipp so that’s me done. Well happy with the way it’s going here.
I think JW must be very busy to have to fly at 7pm !!
Good stuff, lots happening
Tweeted by our CEO of Infrastrata last night ......
Quick trip to Islanmagee, lots to do! #INFA https://t.co/JuKnsB4y9H
https://twitter.com/JohnWoo64494325/status/1050454103644667904?s=09
Good find Tony...interesting little video.
We'll be at build stage fairly shortly......exciting.
Directly buys, hitting milestones ... should be flying by now .. guess once things really start they won’t be able to hold it back
we can finish positive today then it's been a good day looking around at the market crash lol