Member Info for mcadder

Setanta - where did that come from?? So you don't agree, well it's my opinion and I stick by it.... it's not uncommon for appointed NEDs to have roles in other companies. But thanks for sharing what you think of the bod anyway.

Just been looking back through the posts this weekend....although I share the view that PR has been non-existent and progress lacking up to now quite a few investor's including myself are still here because we believe in the experienced bod with a great skill set to still pull this off. Throw in the political tone that the security of gas issue in the UK has taken especially with the deterioration in UK/Russian relations, along with the supply shocks this winter exposing the truth of the UK's vulnerability - it doesn't take a genius to realise we have a problem not just for the winter behind us but for future winters. For several reasons we know LNG is not the solution to restore security of supply - only immediate investment in gas storage is going to alleviate the problem. I have attached the following link which shows up to date information on gas storage ..................................................... https://t.co/rO4F2GxgW5?amp=1 ........................ ...........................This shows current max gas storage levels of 19,415.00 Gwh and actual current gas storage levels of just 2,718.40 Gwh as of 24/03/18!! To put it bluntly the levels are critical and have never been so low at this time of year! And yes some of you may say 'here we go again we know there isn't enough storage' and 'the govt still refuses to invest in storage' and 'tell us something we don't know' etc etc but, at the end of the day if highlighting the fact it's at critical levels and in danger of running out (especially with another cold spell on the way) it will all add further to the pressure for action here. Fri saw a tick up in buying pressure and yes I could sell 10M at one point but couldn't buy any. Now we are fast approaching the end of Q1 for 2018 hopefully we can expect an update on the funding situation in the next couple of weeks.

Wolfofware just because AP isn't busy re-tweeting articles posted on here or on Twitter doesn't mean it's not looking good! I'm sure he is far too busy to be spending time re-tweeting what we are able to see for ourselves atm....no amount of tweets or re-tweets on Infa will make any difference to the success of this project!

This highlights how a project such as Infa is going to be allowed to succeed through funding and completion of the FEED through to full development .....it will not be allowed to fail imo due to the vast contribution it is likely to make to the security of supply of gas in the UK. Gas price volatility and lack of flexibility in the UK is mostly down to a complete lack of storage which Infa will help to address.

BANKING AND FINANCIAL NEWS MARCH 23, 2018 / 2:11 PM / UPDATED 2 HOURS AGO ANALYSIS-Race to rebuild European gas inventories supports British prices Reuters Staff * Plunging winter temperatures drove up demand * UK gas prices soared to record levels in March * Refilling must start from April for winter needs By Nina Chestney and Sabina Zawadzki LONDON, March 23 (Reuters) - Benchmark British wholesale gas prices will stay elevated for the rest of 2018, as operators across Europe race to replenish inventories that have plunged to their lowest in at least five years. Prices soared to record highs in March as freezing temperatures lifted gas demand to its highest level since 2010, drawing down stocks across Europe and exacerbating tightness from outages and reduced liquefied natural gas (LNG) imports. Britain, whose gas prices are a benchmark for other European hubs, relies on reserves to manage its winter demand. It will need to refill at record pace this summer, at a time when European nations are also chasing extra supplies. Adding to Britain’s headache, what was its largest storage site, Rough, has now closed, removing an extra cushion to meet winter demand that once had capacity to inject gas into the national network for 90 consecutive days if needed. Northwest European gas storage volumes are expected to start the summer season at about 6 billion cubic metres (bcm), the lowest level since at least 2013, when Thomson Reuters Eikon data for European inventories began and stocks stood at 10 bcm. “That does not mean that gas prices will spike but it’s unlikely that gas prices will drop - at least for the very beginning of the spring/summer season,” said Giacomo Masato, research analyst at brokerage Marex Spectron. Unseasonable cold weather in Britain is expected to continue to the end of March, pushing inventories lower still. British stocks now stand at 300 million cubic metres, compared to 1.1 bcm at the same point a year ago. “If we don’t see injection in April, the lag is going to be so acute going through summer, it has to be a flashing risk for next winter,” Thomson Reuters gas analyst Oliver Sanderson said. “The impact of acute storage depletion will be felt for some time to come. Lower inventories in June and July could be bullish, lifting the winter 2018 and August price. The European gas system is also acutely sensitive to unplanned outages,” he said. “There are geopolitical issues, storage is obviously a concern, uncertainty around Groningen, a lack of LNG although this might change and French nuclear is still a concern for me this winter,” said Wayne Bryan, analyst at Alfa Energy.

https://t.co/ZXdb5Yc7fW?amp=1 ......................... march 22 2018, 12:01am, the times Taking the heat out of stand-off with Moscow over gas supply fears robin pagnamenta .................................................. "A bigger and more immediate threat may be the UK’s exposure to price spikes during unusually cold weather. To solve that, one priority the government should consider would be to boost Britain’s gas storage to a more sensible level." ........................... "The closure of the Rough site last year, which Centrica, the owner, said was because gas storage was no longer commercially viable, wiped out 70 per cent of UK capacity. There is no denying, however, that the nation’s relative lack of storage has left it more exposed to rocketing prices during cold weather. With the UK planning to shut its coal-fired power plants by 2025, gas will take up much of the slack. If the government can expect consumers to shell out tens of billions of pounds in subsidies to build the Hinkley Point nuclear plant, it should be able to find a way to bankroll a few extra gas storage projects." .................................................................. With articles like this that continue to address the dire situation on storage it's fair to say that progress on Infa towards development is inevitable - the calls being made by key figures in the industry continues to grow and the deterioration in gas security with more long term volatility will help secure the futute for Infa imo.

No one is suggesting they can't find the 660k whatamess

Utilitywise Insights @UTWinsights · 2h Additional #gas #storage withdrawals have been needed to cover the most recent cold snap. Medium-range stocks have fallen by 2.5TWh (around 20% of total capacity) since Friday. ............................................................................... https://mobile.twitter.com/UTWinsights/status/976413862936436741/photo/1 ............................ Utilitywise Insights Utilitywise Insights @UTWinsights · 2h In the UK #Interconnector imports from Europe remain at reduced levels today as even colder #temperatures on the Continent reduce the incentive to send #gas to Britain. ........................... Utilitywise Insights @UTWinsights · 2h #Temperatures across Europe are forecast at below seasonal-normal for at least the next two weeks. This will keep #demand elevated heading into the summer season. ....................................... Utilitywise Insights @UTWinsights · 2h European #gas #storage reserves are at their lowest level for five years at this time of year. Two separate cold spells have accelerated withdrawals with stocks falling more than 75% from their peak in November 2017 ................................................... https://mobile.twitter.com/UTWinsights/status/976408797890666497/photo/1 ................................ Utilitywise Insights Utilitywise Insights @UTWinsights · 1h Domestic #gas #heating #demand (#LDZ) peaked at 293mcm on Sunday 18 March as #BeastFromTheEast2 struck. This was the fifth highest daily total this winter, only surpassed by four days during the first #BeastFromTheEast cold snap. ...................................................................... https://mobile.twitter.com/UTWinsights/status/976420660707844106/photo/1 ............................... More interesting stats provided by Utilitywise.com showing how demand even at this time of year continues to surge and deplete storage stocks to dangerously low levels of only 20% capacity in the UK. Security of supply? My arse! Urgent need to get this project off the ground I do not see any way how this project is going to fail!

Yes this fund that was set up in Nov 2017 has been mentioned by several of us previously here and is certainly one possible avenue of funding - Infa seems to tick all the boxes and they will be aware of the timescales involved to unlock the EU funding.

whatamess - well we will soon see won't we where this is heading. All part of the risk of investing in something much higher risk than a ftse 100 company but we're looking at many multiples of current SP if all of a sudden out the blue we get funding confirmation on favourable terms which would instantly de-risk Infa and send it quickly back towards the 1p a share mark. Everyone here acknowledges the risk vs potential reward and I'm happy to hang around and see this play out.

Crl - your welcome we are very much all in this together. whatamess - if the bod had adopted an "anything will do" attitude we would probably have secured the necessary funding months ago but not one that would benefit the project for shareholders. Adrian went into this in the early days by his own admission primarily in the interests of shareholders. I would hope he stands by this approach considering he started the requisition process as a shareholder himself - I believe there could be several funding avenues open to them and I would rather they took the time to choose the best option available than an "anything will do" option which would be very reckless imo. I don't believe "nothing" is an option here as I believe they will pull it off. Spud take the next couple of days off work I think you've earned it lol :)

Crl you asked before if I hold a lot the answer is absolutely I do...I don't want to divulge exactly how much on here but put it this way it's quite a bit more than AP. I have a heart too but unfortunately in the world of investing we can't afford to allow our emotions to cloud our investment decisions when trying to make money. Admittedly Infa is not my best example of this as I could have timed my entry better but, I did invest purely on the basis of my extensive research from which I concluded that one way or another this project will succeed. I'm not going to bore everyone with all the little details again but, at the moment based on the research and recent events that have led to massive hikes in long term price volatility since decision to close Rough, lowest storage levels for years, totally inadequate storage capacity, decline in domestic gas production coupled with over reliance on imports and no flexibility - there's just no way imo this can fail. Do I expect news on the funding front before end of March? Put simply - yes I do. One just has to hope that if we did that the terms of the funding are also favourable and that they have chosen the best option instead of the an 'anything will do' option.

UK GAS-Prices jump as European supplies dwindle, demand stays high Tue, 20th Mar 2018 08:50 LONDON, March 20 (Reuters) - British wholesale gas prices jumped almost 10 percent on Tuesday as supplies from Europe dwindled just as demand remained above average following an unseasonable cold snap. * Within-day gas was up 4.5 pence at 58.50 pence per therm at 0840 GMT, having risen 9.3 percent in earlier trading. * Day-ahead prices were up 1.35 pence at 56.00 p/therm. * Flows along the IUK interconnector from Belgium were nominated at 6 million cubic metres (mcm); physical flows on Tuesday morning showed they were down 33 mcm. * Flows along the BBL Interconnector from the Netherlands were down 9 mcm and an outage along the Vesterled pipeline reduced imports from Norway by 6 mcm. * "MRS (medium-range storage) does not have much flexibility with record lowest stocks after the cold end of winter and so the market will price the gas needed today," Thomson Reuters analyst Katarzyna Piaskowska said. * "Particularly low IUK and BBL nominations probably mean the Continent supply will wait for substantially higher spreads as well". * The UK market is expected to be undersupplied for the day by 12.4 mcm, with demand of 337 mcm outstripping predicted flows of 324.6 mcm.

Thanks for your insight here with Infa which is to be expected I suppose now you have sold up but forgive me if we don't all jump for the sell button at once....maybe the next couple of weeks will prove whether you were right or if perhaps you acted to hastily at this point? Either way your choice at the end of the day just like it is the choice of those that decide to remain invested here. Your views are noted but I doubt people will take any more notice than the views I write here.

http://www.bbc.co.uk/news/uk-scotland-north-east-orkney-shetland-43461811 ............................ North Sea oil and gas exploration 'at lowest level since 1970s' By Kevin Keane BBC Scotland's environment correspondent 15 minutes ago .................................................... Exploration in the North Sea oil and gas sector is at its lowest level since the early 1970s, according to an industry report. Industry body Oil and Gas UK's annual Business Outlook said only 94 wells were drilled last year. This is the first time the number has fallen below 100 since 1973.

https://born2invest.com/articles/gas-deficit-worries-europe ..................................................... COMMODITIESGas deficit worries Europe as cold weather settles in again As temperature plunges six degrees Celsius below the average, Northwestern Europe worries about inadequate natural gas storage. .......................... SEARCH Born2Invest Born2Invest COMMODITIESGas deficit worries Europe as cold weather settles in again As temperature plunges six degrees Celsius below the average, Northwestern Europe worries about inadequate natural gas storage. 0 SHARES Published 60 mins ago on March 19, 2018 By Anne Kings As extreme cold weather engulfs the northwestern European region for about a week starting March 17 based on forecasts, the continent, especially the U.K., is again set to have its natural gas markets tested after recovering from an earlier trouble last February due to the same weather disturbance. Platts reported that with temperatures going six degrees Celsius below seasonal averages, the natural gas storage stocks of Northwestern Europe are cautioned not to meet the public demands any further, more so as they are already in the critically low levels for the past seven years. The lack of inventory also aggravates the situation as withdrawal rates are restrained as a result. While the temperature plummets because of high pressure affecting Scandinavia, the entire gas markets also plunge in their newest low, with gas prices spiking as a result. Experts to the U.K.: You’re not okay British gas and electricity company National Grid has warned the country this month about its low gas storage for public consumption, per The National. However, The Guardian reported that the British government counters that the effects are barely noticeable for the households as suppliers such as British Gas already purchased energy ahead of the cold easterlies to compensate for the low gas supply levels. Still, experts believe that industrial companies’ gas supplies could still undergo disruptions. This accounts for a 74 percent wholesale gas price increase after the shortage warning. Right before experiencing weather disturbance, its National Balancing Point’s within-day and day-ahead contracts have reached 80 p/th or €30.73/MWh last early Monday, which would then rise to 85 p/th from March 19 to 23. On the other hand, Dutch and German gas prices also skyrocketed. The Dutch TTF’s day-ahead gas arrived at €28/MWh on Monday, and German GASPOOL is at €29/MWh. Low supply, high demand Combined storage level natural gas inventories in Belgium, France, Germany, the Netherlands, and the U.K. summed up to 7.1 billion cubic meters (bcm), with Germany having the highest pie share of stocks around 4.3 bcm, while U.K. only having 0.4 bcm. The low stocks also affected the supply, while the lower temperature increases the demand. Thus, there occurs a spike in gas prices. ..

https://www.thetimes.co.uk/edition/business/growing-threat-to-energy-supply-sends-a-shiver-across-industry-xcjxrm5lf .....19/03/18 Mr Douglas and Mr Howard are among a growing number of voices that suggest more gas storage would be sensible. Ministers have said that they are reviewing the evidence on security of gas supplies and held talks with industry leaders on Friday. However, they have so far dismissed the idea of intervening to support more storage. The outcome of Friday’s meeting was predictably disappointing, according to Andrew McDermott of the British Ceramic Confederation, whose members are gas users. He said: “We were, however, pleased to hear plenty of others share our view that the government’s approach to gas supply and price security seems complacent.”

http://www.cityam.com/282493/diplomatic-row-russia-ignites-blackout-fears ........by Courtney Goldsmith 18/03/18 Diplomatic row with Russia ignites blackout fears................... Fears of a Russian cyber attack have led security chiefs to issue a warning to the UK's power firms (Source: Getty) Rising diplomatic tensions with Russia have sparked concern over Britain’s gas storage capabilities and potential blackouts, according to reports.

https://www.telegraph.co.uk/business/2018/03/18/uks-energy-system-risk-attack-russian-state ................................................................................ Britain risks being held to ransom by Russia unless the vulnerable energy system is fortified, the Government has been warned amid escalating tensions with Europe’s main gas supplier. As relations with Russia sour, energy infrastructure bosses been told by secutiry officials to bolster their defences to guard against a crippling cyber attack on power plants or the national grid. Tomas Marzec-Manser, a gas market expert at ICIS, said: “In the next fortnight the Dutch government will slash permitted natural gas production at their massive Groningen field. That means Gazprom will fill that gap and, like it or not, more Russian gas will come to the British gas market,” he said.

Setanta - re the subject of communication I agree fully with your point there, it could and should have been much better between the bod and it's shareholders bearing in mind the noise made about the failure of the old bod on this point back then as well as the requisition process. We are certainly at polar opposites now compared to then and it's about time this changed.