Member Info for mcadder

Fair winds indeed me hearties all ahead full lol

Good move bruce news anytime now imo

Setanta hopefully we'll find out soon enough about the detail we patiently wait for but in the meantime (maybe this week) we should get published accounts and maybe directors statements like brew mentioned :)

I've come to the conclusion nazareme is not a person, but an automated machine randomly repeating the same rhetoric without having the decency to reply to genuine sensible posts made by people that actually had bothered to reply back.

https://www.google.co.uk/url?sa=t&source=web&rct=j&url=http://www.telegraph.co.uk/business/2018/01/13/dutch-quake-leaves-uk-gas-market-shaky-foundations/&ved=0ahUKEwit_pXaptfYAhXJBsAKHfGaAP4QqQIIJSgBMAA&usg=AOvVaw0ew1_cdR2SeO1zc_nxB77a

I assume you meant 22nd Dec 2017 RNS lol....I think if the negotiations centred around just the £2.2m funding to then enable the EU grant to come into play we would have had this ages ago. I do think there is a lot more being negotiated here other than the initial £2.2m at present which may be part of a much bigger picture to fully develop the project in the near future imo. This is why I believe (as per RNS) "InfraStrata is in detailed negotiations with its proposed contractors and funding partners and is aiming to complete documentation as soon as possible in the first quarter of 2018, with a view to commencing work immediately thereafter." This paragraph imo is significant especially the last bit and has obviously been allowed to be included in the RNS for a reason. I think soon we will get more detail on what is going on behind the scenes and the SP will react accordingly. As per my previous posts there are plenty of reasons to remain positive....................... ▪Rough closing (and probs sooner than we think) ▪UK being left with no flexibility having lowest gas storage capacity in the EU ▪Recent cold weather and events threatening security of supply ▪ Prospect of further permanent gas production cut in the Netherlands affecting supply ▪ Reduction in overall UK gas production with over reliance on imports. ▪ Increase UK gas demand from 72bcm (2015 to 81bcm (2016) ▪ Increase NBP spot price gas volatility which many analysts believe will worsen once Rough has depleted all recoverable cushion gas.................................................................................... With a new bod in place, the project is "right place, right time". As I've said previously the economic conditions for this to succeed are present more than ever and the business case has been made with conservative annual profit figures of £22.5m for Infa based on last year's seasonal spread.

Lol PMSL

We'll know soon enough and prior to the AGM....cash burn imo likely to be way lower than with the previous bod. Also likely that project will have become reality and moved forward way before any need for equity raise if your worried Ewing....sadly though we all know you are not here out of genuine concern but sitting on the sidelines hoping for this to fail as per your posting history.

Naz I'm not even going to attempt to address your continued reference to fracking and the fact you keep linking it to Infa as I addressed this last time you brought it up back in December. Feel free to check my posting history if you like. Having said that you never even acknowledged the post like other's on here who have attempted to engage with you. On the subject of renewable energy I certainly agree it has it's part to play in the future, however.....it's role will always be limited. Take the example of wind. During the winter we have experienced several periods of cold settled weather where without gas the UK would literally have suffered prolonged blackouts. For example tonight gas generated at one point 56% of electricity with wind just 1% and solar 2% at it's peak. Wind can certainly contribute a decent percentage of electricity generation when wind conditions are favourable however like last week when we expierenced high winds the turbines for safety have to be shut down. Then there's coal which is being phased out in many countries and this article in the Independent.ie confirms the burning of smoky coal is to be banned in Ireland from Sept.....here's the link.......... https://t.co/rNEDLkDArT?amp=1 So, back to gas, there really is no substitute for affordable, sustainable and clean energy and I'm afraid it's here to stay for the short, medium and long term. Due to this and so many other reasons I won't go into as I addressed these on previous long posts on the weekend, I'm afraid this project WILL happen as it's of strategic importance to security of supply for the whole of the UK and ROI. Just incase you are still to be convinced of the environmental case for gas the below paragraphs taken from GasNaturally may help you: GasNaturally situated in Brussels promotes natural gas as a safe, secure and reliable energy source in a long-term sustainable energy mix. Allowing gas to play its full role in the energy mix will help Europe to reach its 2030 climate & energy objectives and its commitment under the Paris Agreement. Climate change can be tackled through innovation. Power to gas (P2G) = innovative solution which can integrate renewables into the grid. Natgas in transport offers cost-effective solutions to airquality and climate problems. Environmental case for natgas by IEA Gas combustion improves airquality as it has very low nitrogen oxides (NOX) and no sulfur dioxide (SO2) emissions.

well done...

(Cont'd) So imo plenty going on behind the scenes! GLA :))

Pacman your welcome! Good to hear from you Crl not so good to hear about your current 60% loss though. I'm sure almost everyone is sitting on a loss here atm but don't despair thing's are about to take a more positive note imo as per my previous posts. I was lucky enough to average down at .45p and have a pretty large holding which is a sign of my confidence in the success of the project going forwards. Crl you make some interesting comments regarding renewables, gas and the general incompetence of the UK government when it comes to energy policy. Here is something that was posted on twitter back in December and re-tweeted tonight........................................... We were contacted by UK govt officials trying to understand the impact of #Brexit on the European #energy system, including upstream #oilandgas. Haven't been through the impact analyses yet, but hope the quality of analysis goes beyond this......."Electricity is a fundamental part of modern society. Residential and industrial users rely on it's use to ensure basic and vital needs such as lighting, heating or refrigeration are met on a daily basis. ONS data show that every sector in the economy depends on the availability of electricity to operate." Lol............................. Spud, other twitter user's and I continue to post research related to Infa on twitter, but not so much here lately due to certain clowns, trolls, hyenas whatever you want to call them bombarding the board with pointless immature posts. It's frustrating seeing the SP at this level but this is a definite hold for me for the reasons I outlined earlier. Make no mistake if we get any news announcement relating to funding or an offer this will gap up into the pennies in a heartbeat. At £2mcap this is an absolute steal. As per Fri's AGM RNS............"The Company's annual accounts for the year ended 31 July 2017, together with the directors' report and auditor's report on these accounts (the "2017 Annual Report and Accounts") shall be published and circulated to shareholders before the date of the AGM." .................This will be something to look forward to and I'm hoping maybe we will see some director buys soon? This from 22nd dec RNS is also to be viewed as a positive........."InfraStrata is in detailed negotiations with its proposed contractors and funding partners and is aiming to complete documentation as soon as possible in the first quarter of 2018, with a view to commencing work immediately thereafter." Taken from 20th Dec RNS........."We look forward to making further announcements in due course in relation to the progress of the FEED (as defined below)." and finally from 27th Nov RNS......"We continue to make encouraging progress on what has the potential to become a very important gas storage facility in the UK, following the recent confirmation by Centrica that the Rough Storage Facility is to close." So imo plenty g

Thanks for the links spud :)

(Cont'd) of gas into the wells. On 22nd Dec we learned that the INEA grant facility had been renewed and, yesterday notification of the AGM with confirmation that the 2017 annual report and accounts will be made available prior to this. The PCI status and grant facility will not have been renewed without GOOD reason. This time round several other gas project's across the EU that re-applied were not successful. With the new bod consisting of AP, KC, GL and MB bringing with them a vast amount of experience and key contacts, imo are now well placed to take this forward. So taking all this into account I remain convinced that not only is there an appetite for the project to be developed but the business case has also been made and imo now with the demise of Rough it could happen sooner than we think.

So we find ourselves languishing in the low .4s at present. Why? Obvious...investor's still need convincing that there is sufficient appetite to back and develop the Islandmagee project and whether the business case for it stacks up. Recent events: In the space of a week the UK and Europe suffered a real shock to the system brought on by very cold weather, a gas hub explosion, a cracked pipeline and several gas outages. Within hours papers reported the need for more investment in our ageing infrastructure and how we lack gas storage in the UK, despite the denials from the Govt that there was even a problem! Going into this winter it was clear from research shared on Twitter that UGS levels in the UK were around 15% lower just prior to these events than the same time last year. Within just a few days of the events UGS levels plunged nearly 20% while the grid struggled to cope with peak demand. The shock to the system reminded us of our over reliance on imported gas from the continent and the fact that even with Rough we have just 4% storage capacity compared to our overall consumption - the lowest in the whole of the EU! Then the issue of Rough - we all know it's effectively closed now while it depletes the remaining recoverable cushion gas left. Only a couple of days ago Centrica applied to the OGA to be allowed to try recover more cushion gas left. A sign perhaps that the facility may close sooner than people think. Problem is that as more is recovered the pressure will gradually drop to a point where it will no longer be economical to extract any. Only 5mcm gas a day comes from Rough now, only a fraction compared to past levels. Without it further NBP spot price volatility of gas prices is inevitable and you can't just do away with the largest gas storage facility in the UK and not have a plan B. This is where Islandmagee comes in. Even though it's capacity (500mcm) is only a sixth of Rough (as per yesterday's RNS) it WILL PROVIDE over 25% of the UK's natural gas storage. This is because IMSL will be far more responsive than Rough with quick injection and withdrawal rates meaning the potential for several cycles over a year whereas Rough injects slowly over the summer and withdraws at the same slow rate. IMSL will be able to withdraw 22mcm a day. These are conservative annual profit figures from twitter for IMSL once developed: Potential annual profit should project #infa happen taking an ave of day ahead NBP gas prices for summer 17 & winter 16/17 - 500mcm capacity ave gas price 37.87p (jun-sept) daily inj rate 13mcm ave gas price 49.76p (nov-feb) withdrawal rate 22mcm - £94.24m - £71.72m = £22.52m. On 27th Nov came a holdings RNS for 4.25% and the news that the application for PCI status for IMSL and SNIP pipeline reversal had been renewed. Prior to this we had the appointment of the NEDs. On 20th Dec we learned that IMSL had taken 100% ownership on agreement that £200,000 is paid upon first delivery

No I asked but he's busy trying to close a billion pound deal on a huge gas powered project as we speak to help pay for his playboy mansion full to the brim with model's, his own private carribean island and a £350m custom yacht on order. As for me I just couldn't be bothered.

The services of a barber or use of a wig are not required with my own natural long flowing locks of hair but, JR seriously the grass will need one last cut before commencement of the project. Between you and Ewing it could be done and dusted in a day.

EWING if you live nearby could you trim the hedges back and give the grass a good cut so it is ready for when the project starts....cheers

Ha! You'll have to do better than that JR.....LOL.....actually why don't you set up another twitter account along with darth tatter which you have see where you get with that.....LOL. To everyone else have a ☆☆ merry Xmas ☆☆ see you all in 2018 for what is shaping to be a great year for Infa

Naz your a total bore...your pointless statements about fracking, pension funds, sea water, sink holes, Brexit, telling investor's what to do with their money to name just a few! You obviously don't live in the real world! 1 whether you like it or not gas demand WILL continue to increase. 2 gas WILL always be regarded as a much cleaner fossil fuel for the future. 3 gas WILL always continue to be used more widely than renewables ever will for electricity, heating and transport. 4 gas storage projects like INFA WILL always have a future role to play in supplying the UK gas system to provide resilience and security in the winter especially given that gas storage capacity here accounts for only 4% of consumption. You obviously haven't read the news or taken any notice Naz cos if you had you would have noticed how much turmoil the gas market experienced last week and how it doesn't take much to jeopardise the security of supply here in the UK. This was possible because of one huge problem....a total lack of gas storage to fall back on. The point Spud raised about the registered office is also correct so you really need to do some basic research before spouting off! You really are a total tool and just make yourself sound silly at the same time.