Member Info for mcadder

I notice Justin Waite has as well spud :)

The fact some believed this could be a placing is laughable! This is my take on today's RNS. Firstly -yes it certainly could have been written in a more positive manner - having said that we all know how overly cautious the nomads Allenby Capital tend to be so we can't necessarily blame the bod for that as it would be Allenby that would authorise the release. Secondly - today's update is significant because CBRE is a global leader in large infrastructure project funding and as Spud rightly pointed out this is project level funding and non dilutive. Thirdly - this imo confirms to me that discussions with interested parties could now be at a very advanced stage. The reason for this is because under the UKGS if a lender is looking to put in say £200m which would be roughly 2/3rds of the capital, we all know that the UKGS would guarantee this amount for a lender - therefore I believe this appointment today is to put in place securing the remaining 1/3rd to finalise the whole project financing? I'm sure all will become clear soon enough gla....

Anyone selling at this point after today's announcement clearly either doesn't understand the significance of this morning's update or has no interest in making serious money....fools

Another great RNS! This is a significant development imo and shows the clear direction this is heading in! Finish in the .5s today? We'll see! :)

The importance of gas infrastructure in power systems with high wind power penetrations Author links JosephDevlin...AoifeFoley ................ Gas fired generation currently plays an integral support role ensuring security of supply in power systems with high wind power penetrations due to its technical and economic attributes. However, the increase in variable wind power has affected the gas generation output profile and is pushing the boundaries of the design and operating envelope of gas infrastructure. Key findings reveal the high vulnerability of the Irish power system to outages on the Irish gas system. It has been shown that the economic operation of the power system can be severely impacted by gas infrastructure outages, resulting in an average system marginal price of up to €167/MW h from €67/MW h in the base case. It has also been shown that gas infrastructure outages pose problems for the location of power system reserve provision, with a 150% increase in provision across a power system transmission bottleneck. Wind forecast error was shown to be a significant cause for concern, resulting in large swings in gas demand requiring key gas infrastructure to operate at close to 100% capacity. These findings are thought to increase in prominence as the installation of wind capacity increases towards 2020, placing further stress on both power and gas systems to maintain security of supply.

Hi Dawski - just seen coverage of BP's stats on global gas increase in Interfax global energy this evening similar to the Telegraph....it certainly seems that the global trend is set to continue for some time especially when you factor in the phasing out of coal not in just Europe and the UK but developing countries too.................................... EXPLORATION & PRODUCTION Gas production growth outpaces demand in 2017 – BP BP's latest statistical review shows strong growth in global gas consumption as the fuel helps to meet rising demand for energy By Andrew Walker 14 June 2018 ........................................................... Global gas consumption grew by 2.7% year on year in 2017, marking the fastest growth since 2010, according to the 2018 BP Statistical Review of World Energy, published on Wednesday. ................. https://drive.google.com/file/d/1xjwpHhM416WarCuhRGbzcD0tHaPA0OWs/view?usp=drivesdk

Green Gas Initiative Green Gas Initiative @Green_Gas_Ini · 1h Preliminary results from a #Frontier study on the regional value of #gassystem was revealed at GGI CEO meeting today. Results indicates that the gas system can support #securityofsupply with a great potential for storage and cost efficient transport of energy #greengas #EUgreen

Brew - I agree and I believe there will be plenty of interest for Infa - as per recent RNS - "The Board intends to conduct a final appraisal of all the available funding solutions and commercial partners before finalising its decision on which option to proceed with." .................................... Certainly sounds as though there are several avenues open to them to take this forward allowing the bod to proceed with the option that is most favourable for the company. By the time some investor's start to realise project Infa is happening the SP will be many multiples of what it is now......not much time left to get in at these prices

Unique opportunity for a gas storage project in a unique location....................................................... Reasons for location of the Northern Irish storage project The proposed site is proximate to the sea and the presence of infrastructure in the form of the Ballylumford Power Station and the main gas network, which proves advantageous to the project. Seismic studies carried out in the area confirmed the presence of a thick Permian salt layer at a depth of 1,500m. The Permian-aged salt found in the Larne area contains low impurities and is ideally suited for development of the facility. Facilities included in the development The project includes the development of seven caverns with a total capacity of 500m m³ located 1,400m below the Larne Lough. Each cavern will have a capacity of 70m m³ and will be independently controlled through a sub-surface safety valve. The caverns will be prepared for storage by solution mining. The process involves pumping of sea water to dissolve the salt present in the caverns and extracting the brine solution back to the surface. Above ground facilities of the project include a gas plant, a leaching plant, a wellpad and a sea water intake plant. The gas facility will include a compression plant, dehydration plant and metering equipment. It will be located adjacent to Ballylumford Power Station providing easy access to the main gas network. The wellpad will be a 110x45m flat pad containing wellheads. The seven caverns will each include a wellhead in cellars below the ground level. The wellpad will be connected to the gas plant and leaching plant through subsurface pipelines.

Salt cavern storage is appraised for both on and offshore Northern Ireland, with the Larne area showing the greatest potential. Hereabouts, salt of the same thicknesses and over the same depth ranges as those in which gas storage caverns are either planned or currently operational, onshore England is present in the form of the upper two (Larne and Carnduff) halite beds at least. Triassic - Salt caverns Salt beds are proven only in South Co. Antrim but they thicken and deepen towards Larne. Gross thickness >470m. Energy storage potential --- Medium - High ............... Permian - Salt caverns Proven only at depth in Larne area but forms single bed of pure salt >110m thick. Energy storage potential --- Medium - High

We have 2 big names on board who are by their own right's experts in this field. It most certainly is no coincidence that they were not only approached but that they also got involved with Infa....reason? One word.....CONSTRUCTION!

Research is being conducted on many fronts in the gas storage field to help identify new improved and more economical ways to store gas[11][12]. Research being conducted by the US Department of Energy is showing that salt formations can be chilled allowing for more gas to be stored.[2] This will reduce the size of the formation needed to be treated, and have salt extracted from it. This will lead to cheaper development costs for salt formation storage facility type.............an interesting option that could not only store more gas but make development costs cheaper?

Utilitywise Insights @UTWinsights · 30m The #gas demand reduction from the Interconnector shutdown and high #wind generation has been cancelled out by very strong demand for injections from Medium Range #storage. Current injections of more than 40mcm is leaving the system short. ................................... Strong demand for injections because storage levels have been dangerously low again dropping below 4,000 Gwh the other day. Serious amount of injections required to get levels of Medium range storage back up to around 14,000 Gwh by the start of this winter.

All looking good here....the next imminent update could be big....I would imagine there is just too much interest from potential lenders and developers behind the scenes for this to now fail at such a crucial stage with the FEED well and truly underway. Plus the fact there is clearly a need for Infa to happen. You can't just remove 3bcm of available gas storage from the table and have nothing to put in the place of Rough's closure!

(Cont'd) .....Key conclusions • "properties of the salt determined from the core data are in line with data for Permian Salt at other locations across Northern Europe where caverns for gas storage have been constructed" ........................... • " objective to confirm the feasibility of the development of an underground gas storage facility in salt caverns in this location has been met. The thickness and depth of the salt at Islandmagee and the proximity of key services (electricity supply, water and the gas network) give the project a significant unit capital cost advantage."

Connecting Europe Facility - ENERGY Islandmagee Gas Storage Facility – Drilling borehole to obtain salt sample and subsequent testing, analysis and design development 5.1.3-0035-UKUK-S-M-14 Part of Project of Common Interest no 5.1.3 EXECUTIVE SUMMARY The objective of the Action was to prove the feasibility of underground salt cavern development at Islandmagee Northern Ireland. The Grant Agreement was signed with CEF Energy in April 2015 with all activities planned under the Action completed by the end of November 2015. The programme of work commenced with the drilling of a data gathering well to 1,753 metres in May and June 2015 to obtain wireline data and core samples of the Permian salt in which the caverns will be formed. The thickness and depth of the Permian Salt were both within 10% of pre-drill estimates. The Permian Salt average thickness over the area of the proposed caverns is approximately 200 metres at a depth of approximately 1,300 metres sub-sea. The rock mechanical properties of the salt determined from the core data are in line with data for Permian Salt at other locations across Northern Europe where caverns for gas storage have been constructed and are in operation. Subsequent to the well during July to November 2015, core samples were sent to Germany to undertake laboratory analyses and the test results on the salt cores and rock mechanics were incorporated into the subsurface and surface facility preliminary design. The capital and operating cost estimates for the project have been updated to within +/-20% tolerance. The objective to confirm the feasibility of the development of an underground gas storage facility in salt caverns in this location has been met. The thickness and depth of the salt at Islandmagee and the proximity of key services (electricity supply, water and the gas network) give the project a significant unit capital cost advantage. The feasibility phase of the project has now addressed all key technical risks. The next stage will be Front End Engineering and Design (FEED) and then full construction of the facility. This executive summary has been produced by the beneficiary(ies) of the Action co-financed under CEF. ......................................................................... Thought it worth reminding those who maybe wondering about the potential suitability of the geology below ground where Infa is to be developed.................................................................. Key conclusions • "properties of the salt determined from the core data are in line with data for Permian Salt at other locations across Northern Europe where caverns for gas storage have been constructed" ........................... • "objective to confirm the feasibility of the development of an underground gas storage facility in salt caverns in this location has been met. The thickness and depth of the salt at Islandmagee and the proxi

http://www.irishnews.com/news/2018/06/13/news/greenhouse-gas-emissions-have-been-falling-since-1990-in-northern-ireland-1354266 ................. The biggest decreases seen were in the energy supply, residential and waste sectors. Improvements in energy efficiency and changing from coal to natural gas have helped to cut the amount of greenhouse gases released.

JUNE 13, 2018 / 5:08 AM / UPDATED 23 MINUTES AGO Graphic - Asian coal and gas markets roar into top gear as region revs up demand Henning Gloystein SINGAPORE (Reuters) - Thermal coal and gas prices have coursed into a bull run, propelled by particularly strong demand across Asia, where electricity consumption is surging thanks to healthy economic growth just as seasonal needs rise with the start of summer.

Roger Strandahl @RogerStrandahl · 3m Interesting view from Germany, with perhaps most experience in Europe on #renewable energy and what is reasonable. #Energiewende #securityofsupply Remco de Boer @remcodb German Energy Minister Peter Altmaier: "Voters across Europe have lost faith in politics partly because of “unachievable targets” on renewable energy." (link: https://www.euractiv.com/section/energy/news/germany-pours-cold-water-on-eus-clean-energy-ambitions) euractiv.com/section/energy…

https://www.mckinseyenergyinsights.com/insights/the-eu-gas-network-resilience-through-advanced-analytics/ ........June 2018 ...... a few relevant snippets from the article........................................... The European gas network has been stressed on rare occasions; the most recent events include, on the demand side, the weekly increase of 17% observed at the end of February 2018 linked to exceptionally cold temperatures and, on the supply side, the interruption of gas flows in December 2017 linked to the explosion at the Baumgarten node. ......................................................................... Storage network response: despite the accident occurring during the winter season with storage already at a withdrawal rate close to capacity booking, the physical peak capacity of the storage network allowed the immediate mitigation of 60% of the gas flow gap, confirming the high suitability of storage as a flexible source of supply as well as the value of having spare capacity for the system. For this specific case, extra volume was mainly provided by SNAM-managed storage facilities, increasing withdrawal rates from 66 mcm on December 11th to 107 mcm on December 12th [see Exhibit 5]. A key success factor appears to be the availability of multiple levers to pull in response and the system capacity size. As stated by network operator SNAM, spare storage capacity was the single fundamental driver. A key success factor appears to be the availability of storage, both the traditional underground storage and that at LNG terminals. To summarize, the two cases considered in this article offer clear evidence of the sheer magnitude of the intrinsic value of infrastructure capacity (e.g., storage, LNG terminals, multiple pipe gas access, etc.)