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https://timera-energy.com/monetising-european-gas-storage-value/ ................................................... Monetising European gas storage value 3 core strategies underpin monetisation of European gas storage capacity. But strategies are evolving as storage value shifts to the prompt horizon. June 11, 2018 Storage capacity is a feature of most European gas portfolios. Traders and portfolio managers use storage as a key source of midstream flexibility to manage volume and price risk within portfolios. Faster cycle storage naturally has a more open exposure into the prompt given greater flexibility to respond to short term price fluctuations. Hedging strategy focus here is on capturing the value of prompt price volatility.Alternatively, storage may be contracted purely as a value play e.g. by a trading desk that expects higher seasonal price spreads or spot price volatility. Storage value is transitioning to the prompt horizon At the start of this decade, summer/winter price spreads at TTF were above 5 €/MWh. For the last 3 years spreads have mostly traded in a 1.0-1.5 €/MWh range. The substantial decline in seasonal price spreads has pushed the value of both seasonal and fast cycle storage assets into the prompt horizon nearer to delivery. The importance of capturing spot price volatility is likely to increase going forward. Increasing European import dependency means that the European gas market will become more exposed to outages and response delays in gas supply chains e.g. via imports of LNG and Russian pipeline gas. The extreme volatility at TTF and NBP across Feb-Apr 2018 is a good example of this. Rising power sector intermittency is also set to translate into greater swings in gas demand as power plants ramp up and down. Storage value capture from prompt price volatility is strongly influenced by the variable costs of cycling. The lower cycling costs are the lower the strike on the spread option between two time periods. This translates directly into a greater number of value capture opportunities and the generation of higher margin from cycling.

(European Union Committee Report) - Motion to Take Note – in the House of Lords at 7:18 pm on 6th June 2018.Moved by Lord Teverson That this House takes note of the Report from the European Union Committee Brexit: Energy Security (10th Report, HL Paper 63). Lord Davies of Stamford Labour 7:34 pm, 6th June 2018 My Lords, the report is excellent. With the leave of the House, I will quote a number of sentences from it. Paragraph 24 states: “Whatever the final detail of the EU exit terms the UK is likely to be more peripheral to EU energy markets which will mean higher prices and more unreliable supply”. Paragraph 29 states: “Post-Brexit, the UK may be more vulnerable to supply shortages in the event of extreme weather or unplanned generation outages”. Paragraph 30 states: “Energy UK claimed that operating in a less efficient market ‘will have an impact on consumer bills’”. Paragraph 32 states: “It is likely that the UK’s withdrawal from the EU will lead to less efficient energy trade, which could in turn increase the price paid by consumers for energy security”. Paragraph 55 states: “Market coupling is currently estimated to be worth £100m/year to the UK … Energy UK argued that GB operators could be excluded from market coupling post-Brexit”. Paragraph 56 states: “In the absence of the REMIT Regulation, we would need to seek alternative arrangements to access this data and to facilitate information sharing”. I will stop here but similar quotes are available right the way through the other 200 paragraphs of the document. Paragraph 62, which I think says it all, states: “None of our witnesses expressed a desire to leave the IEM”. In other words, the argument is completely one-sided. All sorts of people are pointing to the dangers and risks of Brexit to energy, such as leaving Euratom and, potentially, the IEM. No one is suggesting that it is a good thing. The House would be in dereliction of its duty if we simply ignored that fact. The British people are having serious energy costs imposed on them, which will affect every family in the country and impact on future economic growth, propensity to invest, output, employment and so forth, as sure as night follows day.

You obviously didn't read spudtheplumber's post in response to your theory on wave power............... **********Thu 20:25 Price: 0.41 spudtheplumber 1,953 posts Tidal power Is a great idea Naz However could only supply 20% of current UK power demand http://www.tidalenergy.eu/tidal_energy_uk.html********** Disadvantages of wave power Current high cost of investment Because wave energy is still in the developmental stage, it is very costly to build wave devices.Maintenance and weather effects Equipment that is exposed to rugged oceanic conditions 24/7 can lead to damage to wave equipment and to corrosion from salty seawater, requiring maintenance. Marine life impacts Marine life may be harmed or displaced, or their habitats negatively impacted by the construction of wave energy devices. Reduced sea usage The physical presence of wave energy device “farms” could potentially reduce the size of shipping channels, as well as opportunities for recreation and fishing. Few implemented Thus far, only a few pilot wave energy projects have been constructed globally. Further research is necessary to determine the the lifespan of the equipment, the associated costs with running the devices, and the impacts of these machines on both human and marine life. Noise Constantly running wave energy devices can be much noisier than waves are naturally, and this could potentially be disruptive to both humans and sea life living near these devices. Slow technology improvements Wave energy has been developing since the 1700s, and yet it is still a nascent technology that needs to be more fully developed. This slow development is an impediment to investment in this type of renewable energy. Difficult to transmit wave energy It is currently very challenging to transport ocean wave-generated electricity long distances to where it will be consumed inland. Visual impacts For those people living near ocean shorelines, some types of wave energy devices can be unsightly and interfere with ocean views.

Setanta - I'm glad you like the video, it's my understanding that there will not be much activity at the site or machinery there as I imagine most of the FEED phase will involve the examination of previously obtained core samples and seismic data - the core samples themselves which were obtained during the 2015 drill (the wellpad still in place as per the video). That drill alone cost around £3.8M! With over £11M having been invested in Infa to date we have a good headstart for the FEED. I think it's possible they may actually complete the FEED ahead of schedule and under budget? This figure of over £5M you quoted is news to me - where have you plucked this from? Although Infa can have access to an EU grant of up to £4M it doesn't mean they will be utilising all of it. I would imagine they would have to provide proof to the EU of all costs relating to the FEED as it progresses before parts of the grant are handed over. As for Adrian and the bod it's worth pointing out how corporate costs and salaries have been slashed substantially and imo they have done very well in this area. As Adrian said in his recent LSE interview they are now a lean, mean machine and I would imagine that his salary which I believe is around £75k must be one of the lowest salaries for a director of an AIM listed company. Just to give you a comparison the salaries of the whole bod is probably on par with that of Mr Hindle under the previous bod whose salary was somewhere around £200k!! As far as I am concerned nothing is missing here all will hopefully become clear on the detail of the FEED as it moves up another couple of gears. I remain very positive and bullish about the future for Infa I can certainly see further decent upward movement in the SP and continuing improvement in sentiment in the coming weeks and months! Regarding the share options - like Spud said these are not free and they have to pay for them at the 1p level once we reach it. If the right news materialises here don't be surprised to see a gap up in the SP to a penny or more and maybe sooner than some here believe :)

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