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Thought this was mildly amusing...
Hydrogen energy or hydrogen peroxide? "CCS: Double yay!"
https://www.youtube.com/watch?v=gH-c_UhUY_Q
Why do they hate CO2 so much when we need it for meat and beer?
https://www.youtube.com/watch?v=i-55SbXFbSE
https://www.youtube.com/watch?v=0_97fDSpUnw
Why does a Fertilizer plant has monopoly on UK Co2 production...??? Boggles the mind...
https://www.youtube.com/watch?v=tEmuIif3Kxs
The Future of Gas - National Grid UK
https://www.youtube.com/watch?v=uo7t_86DViA
FutureGrid hydrogen test facility - National Grid UK
https://www.youtube.com/watch?v=gCAMw7FmfDo
The real energy yield in the future green-tech will be hydrogen , as soon as the gas grid infrastructure and appliances have been developed and passed safety tests.
US hydrogen-grid development case study: https://archive.is/ABcBg
"SoCalGas Among First in the Nation to Test Hydrogen Blending in Real-World Infrastructure and Appliances in Closed Loop System... As part of the testing, technicians are measuring the performance of common household appliances like stoves, wall heaters and forced-air furnaces when they are fueled with a blend of hydrogen and natural gas. This is the next step moving out of the lab and toward future blending into the natural gas grid...Preliminary results of testing that began earlier this summer show the household natural gas appliances are compatible with up to a 20% hydrogen blend. These initial findings are consistent with previous international research and lab testing. This effort provides key operational and safety experience, including testing for pipeline leaks, that will enable SoCalGas to implement larger scale hydrogen blending demonstrations. SoCalGas continues to test the impacts of blending hydrogen with natural gas on pipelines and appliances."
A few wind turbines now?
A hydrogen grid is in development... but US company BLP has already has the tech* to make it worth it right now (even as an alternative to nuclear power generation).
*BLP MHD hydrogen plasma reactor as an industrial boiler: https://www.youtube.com/watch?v=q0psWyZXes8
https://www.ovoenergy.com/guides/energy-guides/hydrogen-boilers-guide
"When will hydrogen boilers be available?
Not an easy one to answer! But current forecasting predicts hydrogen won’t be commercially available until 2030 at the very earliest. And even then, it may not be for domestic use.
The government’s currently working with the heating industry on hydrogen research and development, with trials taking place across the country. Projects include H21. which is sponsored by Ofgem, Hy4Heat which is trying to establish whether it’s technically possible, safe and convenient to replace natural gas with hydrogen, and HyDeploy with Keele University acting as a test centre.
The UK government has invested £20million in Hydrogen Supply Programmes. But as yet, there are no easy answers, and research is still in its early stages."
It does just seem to get crazier Stew and makes you doubt your sanity. I often think shares I have invested in are undervalued, but I can not recall a company being as significantly under appreciated as Igas. Hard to see why the RNS today isn’t worth a conservative £2m on the Mcap, even at this early stage, given the credible partnership and an estimate of scale of the initial projects. If nothing else the downside must be dissipating almost entirely. I do understand that there might be more exciting short term opportunities about but surely this is one of the best prospects to stick in an ISA or SIPP for a year or two?
Is this a joke ?
A good RNS. A steady share price rise is preferable to the spike of a couple of weeks ago IMHO.
PS - thanks, I had only skimmed RNS this morning. I am pleased that Igas are continuing with their cautious financing approach. Reaction as is disappointing here which is acommon theme, but upward pressure must be really building below the surface. I feel we need some form of positive story around our core production to really ignite the fuse.
Well done BOD for securing this excellent partnership! This is such a fundamentally cheap stock it’s insane
Great news, with the seemingly held down price to the core fundamentals, and the bonus green projects that will spur big investment this is looking like a fantastic investment and might finally start to realise some of its value. The core business is 2-3x current share price alone by my calcs excluding thermal, solar etc. Brent crude continues up another $ to 85 this morning as well showing energy continues to rise.
Thanks for posting JAMESY I didn't have a value for todays RNS. re how will these projects be financed. This one sounds sorted already?
"Project finance for this one sounds sorted whilst Iona will provide non-recourse project finance. "
More good news. Any green energy pies we don’t have our fingers in now? Pleased to see more positive diversification plans linked to credible deliverable projects which show a real ambition by igas to grow into a long term net zero environment. 25 to 40 MW will be £20m+ (?) with Igas 50% responsible for the costs. To complete the circle it would be nice to know how all the diversification projects will be funded, but this can still only be viewed as great further progress. Enough for the market to notice?
I agree Stew. I suppose if I'm playing devils advocate, there are lots of exciting prospects around just now, particularly in energy and this is a small cap producer which is only really on the cusp of turning it around after being burned for getting into fracking heavily. Spike showed potential for interest but KOGs persistent selling killed all the good news and interest has waned. At current SP, its great value and I see little downside with undervalued core business and huge potential upside. We really need company to get the comms pipeline going. Good luck.
Why is the share price stuck in the dumps ?
https://inews.co.uk/news/energy-crisis-uk-gas-shortage-run-out-winter-cold-warning-1248108?ITO=newsnow
Government will spend in a crisis
Last two trades in normal time - both sales of 666 shares each… an obvious sign of who is controlling this SP?
Jamesy I agree with your assessment, so much potential. I think we are just in a period where for whatever reason there is greater selling pressure. I can pretty much buy whatever I want but it's certainly not as easy to sell at the moment. Time to make use if the skewed pressure at odds to real value and then Profit when normality returns. Good luck all .
Welcome Stew. I agree SP should be higher. I’m verging on becoming a ramper for IGas but I don’t understand what I’m missing or why there isn’t more interest. I get a forward EV/ebitda of around 5 with a barrel load of further potential upside - deep geothermal, hydrogen, gas and oil prices, fracking sentiment. I keep adding, now over £20k which is significant for me. Hoping for some positive news soon.
https://drillordrop.com/2021/10/11/igas-will-not-appeal-against-planning-refusal-for-springs-road-shale-gas-site/comment-page-1/?unapproved=279872&moderation-hash=6d765a78693429589fa8c9e51b2e093f#comment-279872
Interesting article. I suspect this will result in further asset write downs if not already recognised, but there is a sense of confidence and moral responsibility in IGas’s position. I’d be more concerned if they were desperately clinging to hope.
Added bargain here