Member Info for mcadder

The RNS's have mostly been very good over the last few months mapping out positive progress with all deadlines so far met ahead of deadlines. However Setanta the only RNS that people want to hear now is the equity funding confirmation on favourable terms for shareholders to get this really moving. If this were to fall to 0.63p I know plenty of investor's ready and waiting for the opportunity to jump in and add more should it do so (unlikely imo given how potentially close to funding I believe we are now). Manipulation or not any dips will get bought into imo so one person's loss (sellers) is another person's gain (buyers). To say that Infa has stood still for too long is true (in the past) but there has been more positive activity in the last few months than over the last few years put together which all leads to the hopefully successful breakthrough of project funding anytime now. All of us that attended last night's presentation Setanta are extremely positive going forward. Was great to see everyone last night (you all know who you are lol). Most of us Setanta are not worried about the day to day fluctuations I'm only interested in where Infa is likely to be in the next 6-12 months. Anyone that assumes however that a drop in the FTSE today will lead to a further drop tomorrow for Infa is misguided or naive.

Mitch - you aren't the first and won't be the last naive poster to incorrectly believe there is a direct link between the FTSE 100 and a small cap stock like Infa which by the way won't be small cap for much longer. Sorry to burst your bubble there but good trying to hold out for .63p

Typo....projected IRR

Just to echo Spuds comments everyone found the evening presentation a very worthwhile experience, the recording of which should be on the Infrastrata website within the next 24hrs.
Based on NPV figures and reduced Capex the protected IRR figure is now 21.6% which is excellent for an infrastructure asset and will indeed be very attractive to equity partners.
The huge overall potential here for Infa and other project's the bod may decide to take on in time is mind boggling. I do believe that literally any day now an update on the project funding could land.
JW pointed out again that Infa is well and truly advanced as a gas storage project compared to the other project's around the UK being a couple of years ahead of the game. Therefore not only do Infa have the upperhand with taking advantage of the shortfall in gas storage capacity but if the plans to add another 15 caverns come to fruition then this will reduce the need for the development of further project's that have for years struggled to obtain the required consents, local support, completion of FEED and funding etc.
Great to meet everyone last night GLA

Interesting article in the Telegraph tonight....small bit below of relevance re probability of the lights going out

https://photos.app.goo.gl/zNRCnvkXtjFWVQ756

There's 2 handsome chaps sat down next to reception lol

Quite a few of us are in attending tonight am already here round the corner from the venue at the Chamberlain for anyone wishing to meet up beforehand

Just imagine the colossal revision in the economics of the project, potential upward value of the facility for both stakeholders and shareholders or just the sheer value of the project from a sale point of view if JW pulls of the plan for up to 23 caverns as opposed to 8! In terms of deliverability Infa would over a year due to several cycles inject and withdraw more volume than Rough and almost certainly become the most profitable and pioneering gas storage facility in the UK!

Good one Dawski

Nazza boy any chance of giving us a progress report on activity down at the wellpad on Islandmagee considering you are able to see the site from where you live lol. I expect there's a hive of activity down there. Please be sure to identify yourself at the shareholder meeting tomorrow it will certainly make for an interesting conversation *@*ker

December 4 2018 2:30 AM

Irish wholesale gas and electricity prices have increased by 22pc and 23pc respectively over the past year, according to the latest Naturgy Energy Review and Forecast.
They remained strong going into December, despite falls on a monthly basis.

"With relatively small storage capacity, a cold winter may see demand increase and storage tanks being quickly depleted. At this time of year, a significant share of UK gas usage is for heat generation, with temperature being a significant indication of potential demand on the system and subsequently the direction of prices," said Naturgy Energy Analyst, Lauren Stewart.
The State is a large importer of gas and oil with supplies being imported via UK ports, pipelines, refineries and subsea interconnectors.

That has put the issue of energy security in the spotlight in Brexit negotiations, with the increasing risk that the UK crashes out without a deal. Naturgy, formerly known as Vayu, supplies 20pc of Ireland's natural gas business users.

Irish Independent

https://www.gie.eu/index.php/gie-publications/maps-data/13-news/gie
Press Release - Brussels, 3 December 2018

Gas Infrastructure Europe response to
European Commission - A Clean Planet for All
A European strategic long-term vision for a prosperous, modern, competitive and climate neutral economy

Gas Infrastructure Europe (GIE) welcomes the European Commission vision for a climate neutral Europe by 2050, in accordance with the Paris Agreement. GIE president, Jean-Marc Leroy, expressed the commitment of GIE Members, saying “We support the Commission’s objective to decarbonise the European energy systems and believe in the essential role that the gas infrastructure plays in achieving this.”
The gas infrastructure is the backbone of reliable, secure energy supply throughout Europe and beyond, enabling the transport and storage of renewable and decarbonised gases by 2050 and beyond to meet demand from the power, industry, land and marine transportation and heating sectors. It facilitates a fully developed EU energy market for all gases. Further processing to bioLNG offers almost 100% GHG emissions reduction as an essential fuel for heavy-duty vehicles and shipping.

As outlined in the vision, the gas infrastructure enables an integrated approach to be used for the optimum development of gas infrastructure and electricity networks:

Through sector coupling, renewable gases such as hydrogen and synthetic methane can be stored in quantities far exceeding battery capacity.
Through sector integration, large quantities of biomethane can be transported and stored, offering a crucial link between renewable resources and consumers in Europe and neighbouring countries, contributing to a successful bio-economy.

Good posts Spud - another great day here next stop 1p pre news - equity funding should see this 2p+. Great to see after all these years the project finally becoming reality. All the years of disappointments with time and investor's money wasted through SP erosion and heavy dilution are hopefully behind us. The only good thing to come out of the project languishing is that investor's have had the opportunity to average down and load up ready to be part of the turnaround story once it finally began to gather pace. For that we have JW and the rest of the bod to be thankful for getting the project to this critical stage. Although the ship has left the harbour there is still time to jump onboard before the ship before it accelerates to full ahead GLA

https://www.spglobal.com/platts/en/market-insights/latest-news/electric-power/112018-cold-snap-driven-supply-pressure-sends-shockwaves-across-europe

ELECTRIC POWER 20 Nov 2018 | 15:27 UTC London
Cold snap-driven supply pressure sends shockwaves across Europe

Author Anuradha Ramanathan
Belgian hourly price surges to near Eur500/MWh

France halts exports to neighbors on supply deficit

London — As temperatures plummeted below seasonal averages, market jitters over supply re-emerged across Europe triggering a sharp price rally on the spot power markets on Tuesday.

In Belgium, the hourly power price for 7 pm Wednesday delivery soared to almost Eur500/MWh on the Epex Spot exchange auction Tuesday. The baseload and peakload day-ahead contracts settled sharply higher at Eur184.86/MWh and Eur254.45/MWh, respectively, Tuesday.

Similarly, French day-ahead power prices soared to a multi-year highs, settling at Eur115.13/MWh and Eur149.57/MWh, respectively on Tuesday, Epex Spot data showed. This meant that France widened its premium to the UK, which is typically the more expensive market.

"France is supportive as UK is exporting in all hours. France is heavily reliant on imports which is tricky given Belgian tightness and high load demand," a UK-based trader said.

Temperature-sensitive France halted all exports to neighboring countries and began importing power to help meet demand, also ramping up power production from its fuel oil-fired stations. Total domestic generation reached only 69 GW at around 1 pm UK time, while demand was pegged at over 77 GW, grid operator RTE data showed.

According to the grid operator, fuel oil-fired power production climbed to almost 1 GW, the highest since the late October snap, while exports fell to zero. UK maxed out exports via the 2 GW IFA bi-directional interconnector, UK TSO data showed.

https://www.montelnews.com/de/story/eu-ruling-on-uk-capacity-market-puts-gbp-43bn-at-risk/955213

EU ruling on UK capacity market puts GBP 4.3bn “at risk”

Oslo
20 Nov 2018
10:07 CET
(Montel) An EU court ruling annulling a prior approval of the UK’s capacity mechanism puts at risk GBP 4.3bn of contracts with electricity generators over the next four years, credit rating agency Moody's has said.
“Because payments under the scheme will stop immediately, revenues earned in October 2018 will not be paid in December as anticipated and no further revenues will be recognised,” Moody’s said late on Monday.

According to the government, a capacity market was needed to guarantee UK security of supply given the closure of old plants and the failure of the power market to spur generators to build new plants and for consumers to cut their demand.

MM's pulling the price back because people choose to sell. Simple. No manipulation or conspiracy theories it's the usual story - some see a couple of sells go through and follow like sheep unwilling to look at the bigger picture while busy rainbow chasing. The interview with JW a few days ago was very insightful and if he is saying "any day now we're hoping to get some positive news on the equity side" then it means exactly that. Tomorrow? Thurs? Fri? Next Mon? Next Tues? Next Weds? Place your bets and get ready to pay a handsome price to buy back the shares for those that weren't prepared to hold for the big gains.

Investor's last week were given the biggest hint yet of "positive news of equity funding any day" so in all honesty why wait for this milestone announcement to land knowing full well the SP will be well over 1p and quickly on it's way to 2p+? Last chance this week to buy any Infa sub 1p imo

Spud, Brew will be nice to join you both down in London along with everyone else that's coming

Will Infa still be a strong sell for you when this is at 2p+ you total baffoon. Try doing just 'a little bit' of constructive research for once nazzaboy

https://www.telegraph.co.uk/business/2018/11/17/winter-coming-britains-energy-policies

Jillian Ambrose, energy editor
17 NOVEMBER 2018 • 1:46PM
Winter has come early for the Government’s energy policy. Although temperatures have only just begun to dip, certainty over whether the UK is prepared for the cold has already plunged.

In the space of one week, major policies affecting Britain’s gas and electricity supplies have been thrown into doubt. A European court ruling has brought a cornerstone scheme designed to keep the lights on to an immediate standstill. Meanwhile, Brexit fears have reignited concerns over Britain’s decision to forego investment in gas storage facilities.

“It is clear that the UK is reliant on flexible gas supply sources from the continent to support its market during periods of extreme weather conditions,” says a fresh report from energy consultancy Wood Mackenzie.