Firering Strategic Minerals: From explorer to producer. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Sincerely hope we are not going to see JW smoking a spliff in his next interview !!
Ha ha steady. If the CEO can actually get it built and the valuation above £50m for INFA then we can put praise to him. He's got over some hurdles but the main project needs delivered.
Agree, shouldn’t take too long considering how far in the process we are. I believe this equity deal should be only for the first 8 caverns meaning that the potential additional 15 should come in top so as far as company valuation goes, I am not so sure we will know. Value is based on perception for the future not one equity deal based on the present. A good BoD, strong vision, project pipeline add more value for us shareholders. Would Tesla be worth more or less without Elon Musk? Amazon wothout Bezos?
Do we finally have a SP lift off as people start to realise the actual underlying message of the recent RNS final time to Buy under 1p?
Surely it won't take long to assess the new deal? Hopefully news in the next 4 weeks. This piece of news is key for me, as it will outline how much the project is worth and essentially what the companies asset is worth. Which should help rerate the stock.
http://www.ukerc.ac.uk/publications/a-new-approach-to-assessing-uk-gas-security.html
Another interesting report by Mike Bradshaw
https://smartestenergy.com/info-hub/the-informer/roadmap-for-gas-security-after-brexit-urged/
Think this is the actual link to the article you referenced
Good link mcadder!
Key recommendation 3 was particularly interesting, considering slide 9 in the presentation!
"Urgent large-scale trials of heat decarbonisation using hydrogen are required to understand whether it could be technically, economically and socially viable."
http://www.ukerc.ac.uk/asset/E8CBC653-4BD2-4BA1-99DB926D129BFF38
A roadmap for UK gas security Dec 2018
Michael Bradshaw and Grant Wilson
3 Bradshaw, M J (2018) Future UK Gas Security: A Position Paper.
A Review of Gas Security of Supply within Great Britain’s gas market – from the present to 2035.
(Dec 2018). Heat decarbonisation challenges: local gas vs electricity supply.
6 BEIS Select Committee (2018) Gas Storage Inquiry.
(Dec 2018) A New Approach to Assessing UK Gas Security.
The UK still lacks a clear roadmap for the future role of natural gas in the energy transition. Events in March 2018
demonstrate this remains essential to providing the capacity, flexibility and resilience necessary to ensure future
UK gas security. However, debate continues around the future role of gas infrastructure, fuelled by uncertainty
regarding the role of low carbon gas in the decarbonisation of heat (see p6).
Globalising UK gas security
Government asserts that the UK benefits from diverse gas
supplies, but voices concerns about growing import
dependence. Presently, the UK imports about half its gas
– the bulk coming by pipeline from Norway and the
majority of the balance as Liquefied Natural Gas (LNG)
from Qatar. Depending on demand, by the 2030s import
dependency could be 70% or more. For this reason,
the government supports the development of shale gas; but,
this is unlikely to achieve the scale and pace to contribute
to energy security in the early 2020s. Brexit further
complicates matters as the UK will likely find itself outside
the EU’s internal energy market, left to fend for itself in
increasingly competitive global and European gas markets.
The cold weather in late February-early March 2018, the
so-called ‘Beast from the East’, tested the resilience of the
UK’s market structures to provide additional gas when
required. The graph below shows the
amount of gas in storage and LNG terminals since 2013,
making clear the impact of the closure of the Rough
seasonal storage facility. At the time of the cold snap,
gas stores were roughly 57% full, by the end of the week
they were 27% full, with major increases in demand
coming from the local gas networks.
.
Government’s view is that the market should determine if
more storage is necessary and that state intervention could
distort the market with unforeseen consequences.
.
This may be true, but it underestimates the risk that a
serious supply shock would soon become a significant
political issue. During the week of the Beast from the East
natural gas provided approximately 80% of the energy
required to power and heathe UK. With the closure of the
Rough storage site in 2018, the UK has effectively offshored
its seasonal storage further up its supply chains using
pipeline imports or LNG deliveries.
In assessing future UK gas security, the current reliance on
the N-1 assessment is far from adequate.
The gardener's finished his dinner and he's coming down the garden path.....quick...put all your toys back in the pram and get back into your flowerpots!
Or alternatively................does it really matter in the grand scheme of things?.......kiss and make up!
Just in case you didn't know where to look for INFA NEX trades Setanta
https://www.nexexchange.com/company-all-latest-trades?isin=GB00B28YMP66&listingtypeid=PLSU
So why didn't you even get the value of trades on AIM anywhere near correct?
Keep your shirt on ! I hadn't seen the Nex trades. That's all.
:D
I definitely wasn't trying to argue Builder :))
Not going to argue with you spud. You provide great information on this board.
They have a 9.22 time stamp on advfn and that was the time I was watching Relatively small volume and definitely not a sell off! "Early 2019" starts next week.......
Ok spud, we'll have to agree to disagree. Sells would make more sense given the closing price today, but AIM rarely makes sense. Water under the bridge anyway. Certainly significantly more than £50k of INFA trades were made today.
*9.22am
Imo (I was watching closely at the time) the 8.22 trades on nex (almost 4 million ) were buys.
That is just nonsense setanta. There were over £73k of INFA trades on AIM alone today plus several tens of thousand on NEX. As for the balance being in favour of the buys, please explain how that is the case when there were 3 trades on NEX totalling almost 5 million shares sold plus several other smaller sells.
Hopefully they start the enabling works in January as well. Only 4-8 weeks for EU funding news.
Is it just me, or is Q2 for FID a stupid date? I think its a long target that can easily be beaten. Which is probably why it's been picked.
So we potentially have a delay on an equity funding deal of a few weeks from this point on - big deal!! I think most of us LTH's who have been waiting for 18months or more are not going to be in any way concerned plus today's announcement pretty much provides certainty that a good deal WILL be reached for the benefit of us shareholders! I have FULL confidence in JW's ability to get us the best deal possible which is now just a case of WHEN not IF imo
https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/122718-norways-major-aasta-hansteen-natural-gas-field-still-hit-by-well-problems
NATURAL GAS 27 Dec 2018 | 15:25 UTC London
Norway's major Aasta Hansteen natural gas field still hit by well 'problems'
Author Stuart Elliott Antoine Simon
Editor Daniel Lalor
The major Equinor-operated Aasta Hansteen natural gas field in the Norwegian Sea was continuing to suffer from unplanned outages 12 days after it was started up, with well problems continuing to trigger volume reductions.
Hansteen -- the first deepwater development in the Norwegian Sea -- started production on December 16, and was initially impacted by processing problems just four days after its launch.
The latest incident at Hansteen began late last Friday with an initial impact of 8 million cu m/d, according to Norwegian gas grid operator Gassco.
Over the past seven days, the volume impact has varied between 13 million cu m/d and 18 million cu m/d.
The within-day impact Thursday was expected to be 16.5 million cu m/d, Gassco said, with the duration set at 8-12 days.
Thursday morning's expected duration was previously placed at 1-3 days. The day-ahead impact was also placed at 5 million cu m/d, as opposed to no previous impact expected, the operator said.
The past week's volume impacts were significantly higher than the initial production rate of some 6 million cu m/d at Hansteen.
That ("Exraordinary"), brought forth a few interesting comments which may help to explain why the SP fell 3% on a day when there were less than £50k worth of trades and the balance was in favour of buys.
As usual,spud, you have picked out a key line in the RNS which is very important to future developments. You're a very diligent information gatherer.