Member Info for mcadder

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.

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."

Very much agreed Spud - schlemiel glad to help lol

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.

Interesting article showing that there are signs of decline in gas fields in Ireland - a trend which is likely to continue over next decade or so as the Corrib gas field is also believed to decline......will make the issue of energy security even more important in Ireland.................................................. https://www.offshore-mag.com/content/os/en/articles/2018/07/pse-applies-to-decommission-offshore-ireland-gas-fields.html ............................................................... PSE applies to decommission offshore Ireland gas fields 07/27/2018 Offshore staff DUBLIN, Ireland – PSE Kinsale Energy and PSE Seven Heads are seeking permission to decommission various production facilities in the Celtic Sea offshore southern Ireland. These serve the Kinsale, Ballycotton and Seven Heads gas fields, 40 and 70 km (25 and 43 mi) off the County Cork coast. Production from Kinsale Head started in 1978, with the other two fields entering service later. All are approaching the end of their productive lives. The applications to the Minister at the Department of Communications, Climate Action and Environment cover the following activities: Plugging and abandoning of development wells Removal of two platform topsides structures Removal of a number of subsea facilities. A further application will follow encompassing all remaining structures over the gas fields. The current submission was accompanied by an environmental impact assessment report and an appropriate assessment screening report, outlining the environmental impacts of full decommissioning of the facilities. 07/27/2018

Good stuff looking forward to next week........

Seeing as you wanted to jump down my throat at the prospect of this being 1.5p by beginning of Aug I thought I'd point out to you that we are half way there and at that rate 1.5p is definitely on the cards :)

Certainly is interesting....everything lining up perfectly here for Infa

Great post Nobby you make some very valid points here. Some aspects that really set this gas storage project from the others out there are: - unique location and literally yards from the SNIP - quality & depth of permian salt perfect for storage - believed to be only suitable location in Ireland - full planning consents in place & local support - environmental impact assessment done - £11.5M already spent on project - core samples and seismic data to benefit FEED - nearby jetty would allow LNG tankers to bring gas - project pre-qualified for UK gov guarantee scheme - EU grant and PCI status for project - no storage at all on island of Ireland - potential for reverse flow of gas back to rest of UK - project has no further hurdles to address - just needs funding to be secured and pretty much ready to go subject to FEED which should be foregone conclusion. - potential for 40+ yr life meaning vastly improved project economics - funding if secured to be non-dilutive at project level - current bod having slashed salaries and corporare costs to a fraction of the cost under previous bod.....either way a straight sale or progression under the current bod to construction would excellent news SP wise for shareholders. The recent rises in the SP here reflect the fact that investor's are cottoning onto progress being made and the huge valuation gap that currently exists here.....

https://twitter.com/TheNightRider9/status/1022197856608899073?s=09 https://t.co/XquuVpPWfr 17 July 2018 The collapse of Northern Ireland's government is causing uncertainty over the future security of power supply for the region, an energy expert has said. #infa to contribute to #securityofsupply https://t.co/Wzuyygpqr7

Hi Dawski great to hear you've added here the future looks very bright indeed....for a project of national importance and being a strategic asset along with everything else I think we're going to be alright here!

Chrisatrdg - great to hear! Just goes to show how much progress has been made so far and the signs are this will continue as investor's are finally realising this is happening after all this time! Gla

Yep great news 100k in director buys announced so far today

Nobody should underestimate just how good today's RNS is - brilliant! All the ducks lining up nicely here :)

A few decent buys today including the 3.2M delayed buy just showing up from 10.22 this morning.....hopefully this will pop soon :)

https://twitter.com/TheNightRider9/status/1021077976916660225?s=09 Strategic objectives for Gas to the West network extension - #infa right time right place https://t.co/w6syVwpspc https://twitter.com/TheNightRider9/status/1021091256271810560?s=09 "Production at the Corrib gas field is falling at higher rate than originally anticipated by GNI" #securityofsupply #infa https://t.co/CUOVBUl42q

Eyeguy yes some don't seem to realise financing is at project level NOT Infrastrata level - if funding comes off imo this could 10-20 bag over next year! Dawski good luck fingers crossed you manage to get more at a decent price here tomorrow :))

All looking good here Dawski - are you looking to add more here lol :))

Practitioner - you made your point on the matter quite clear yesterday and I acknowledged your post - what more do you want? As for research several of us post relevant research on here all the time we know who we are. There's no point labouring the issue about whether people want to speak up here or not. Again feel free to check whatamess's posting history - it wasn't that long ago that he was trading personal insults towards me so if he's able to do that he's certainly capable of commenting here on Infa if he so wishes. I'm glad you believe in Infa because so do I - my 31.5M shares here says that I do!