Member Info for Nobby31

This ends next week. At last!

Barring some significant new external information we can look forward to DAERA making a recommendation to the Minister within a few weeks; whilst this is Northern Ireland and the politics are somewhat impenetrable to the outsider, the decision ought to be driven by the facts and the prospects for this project to the benefit of the environment, the economy including employment opportunities. This will be a world-class fast response storage asset and the timing could not be better given the work being conducted on hydrogen storage and distribution, electrolysis from renewable power and decarbonisation.

Aside from the known names (Vitol, Fluxys, INEOS et al) I expect there will be numerous big names e.g utilities and energy companies that will be looking at either equity and/or capacity in this project. Gas prices are high, security of supply is a real issue, LNG isn't security of supply (it ships to where the price is best). The UK needs more storage at home.

Whether the BOD sell this project or deliver it themselves with all the synergies with H&W Belfast this is going to be a humdinger and that's aside from the contract awards we can expect during 2021 to keep the yards busy and profitable.

I don't recall if the link below has already been circulated on this BB. It is quite insightful as it offers a near real time portrait of the UK electricity market in terms of how demand is sourced. What has been interesting of late is how high the CCGT component is - as much as 53% of total generation in recent days due to low wind post Storm Bella.

https://www.gridwatch.templar.co.uk/

Another point to note is how high wholesale gas prices have risen in the past few weeks (50p / therm +) as demand rises (as well as other bullish factors). What us INFA investors need is a really cold winter as this will quite possible prove that the UK cannot reliably depend upon stored gas that UK suppliers hold in Dutch and German gas storage . Aside from the lag in physically moving this gas in the UK via the interconnectors it is likely demand from European wholesale markets will take priority as demand is often high across the Channel at the same time as it is on our little island!

This does quite possibly point to increased price volatility in wholesale gas (& electricity) markets which is just what the Doctor ordered in so far as the economics of fas acting (SRS) gas storage are concerned. Let's hope the process to get this built can earnestly commence as early in 2021 as possible.

GLA & HNY

GLA

“Toll” not till

On the face of it there would seem to be a real synergy in NI for hydrogen production, storage and distribution (by grid blending into SNIP or for use as a transport fuel).
The increasing proportion of wind generated electricity in NI, a proportion of which could be used in powering electrolysis for H2 production and cavern storage looks like an elegant solution to decarbonise the economy.
Caverns could be segregated for H2, methane and/or even CO2 storage. Given there is “room” for over 20 large caverns in the saliferous beds underlying the shallow waters off Larne there could be multiple uses and the company could lease, till and/or arbitrage across the space they create from leaching the caverns.
It doesn’t sound at all far fetched to me!

I don't do this very often but my prediction for the SP is over 100p by or before end Q1 2021.

Thanks for the update Loosegoose.

Short term it’s great the work is coming in thick and fast to pay for the burgeoning workforce & allow them to put their Turkey on the table. Brand H&W is going from strength to strength which is such a positive for the Belfast economy.

2021 will definitely bring about some more contracts and new counter parties. These are already larger than the early work overs and will require more employees and contractors to deliver on them.

I think we have to consider the possibility of another capital raise but I’m genuinely not concerned about another dilution if it’s coupled with a decent-sized contract award and is up around 45p-50p. Also the banks will soon be prepared to open debt facilities once the accounts are published and the order book is visible. Cheaper money than the loan sharks we had to put up with in the past!

Another couple of patience pills will see us into Q1 and truly exciting times for Infrastrata.

Good Luck

Or has experienced an epiphany that this company is serious and will presently become significantly more valuable

ban4118 thanks for letting the BB know that the consultation will be completed so soon. Given there has been ample opportunity for all interested parties to correspond with DAERA and the water regulator since March it will be interesting to know if this “mini consultation” brings in any new information. I’m very hopeful the licence awards which most of us have long awaited are now just around the corner

I am now considerably more optimistic that the process is fully back on track.
The changes that have taken place within DAERA's organisation along with the avoidance of further costs and delays of any ensuing legal process is a great outcome for all parties.
We now have a commitment to a near term timeframe i.e. 12 weeks and, with the light of Deneb is upon the team at DAERA they now need to make their recommendation to the Minister.
I do not believe that the company will need to run further public consultations nor will they have to produce more reports; the data has been provided (back in March 2020) their work is done. It is firmly and squarely in the hands of our trusted civil servants and now we understand broadly when their decision will come we can expect good sense to prevail.
This project has huge implications for NI and GB energy markets and in particular the drive for decarbonisation in the grid, part of the hydrogen infrastructure we will need sooner than many forecast as well as being a boost to the economy and price/supply security.
GLA

The delay lies at DAERA’s doorstep.
However it is likely now that we will be required as a political compromise to hold one further consultative process for the public.
I’m expecting the recommendation to the Minister will follow within a relatively short period afterwards.
As such expect an outcome by or before end Q1 which I believe will be affirmative for the project to proceed.
We can expect some sort of communication from DAERA o possibly an RNS from the company this side of Christmas which I’m looking forward to as the project was my initial motivation for investing in Infrastrata and holds very significant value

Minister Poots has assured INFA back in August/September of a decision in 2020. This is what I believe all parties are working towards.

stokey12 No, just some words of support and encouragement!

"does not"underestimate .....

Where has the year gone?
It is only a few days until the anniversary of the company receiving the keys to the Harland and Wolff yard and shortly after that the company's maiden revenues.
From a read of some of the posters here there is a tangible & understandable frustration as many of us wait for what we increasingly feel sure is coming; a rerate of the value of Infrastrata plc.
The Board & the management team, having worked flat out on bids are now waiting on numerous tenders that have been submitted, any one of which could provide the impetus we are all eagerly awaiting. Personally my view is that we will see something of "significance" within the next few weeks i.e. not months or years!
There are many more opportunities which they will vie for; many sectors and more activity as we emerge from COVID and move into 2021. It is important not to forget that this is also a learning experience for them all and from what I see they are getting older and wiser quickly.
Investor sentiment is currently high given the recent government announcements but ironically this isn't where this investor sees the change coming from; I'm looking towards the more immediate needs within the cruise ship sector and of course "our" seed-corn business of ferry maintenance and refurbishment works which keeps the meter ticking over. There are large contracts to be won here.
All in all we want a rerating of the company and that will come. Contract awards of scale and of course, lest we forget, our friends at DAERA who really do need to wake up and smell the coffee and get to work on the Marine Licence as well as their colleagues in that other department; responsible for the abstraction and discharge . The impact of these activities to create the caverns is a well-understood process and not just from the work INFA has completed; there are no lasting harmful impacts to the local environment, either at benthic or the wider ecosystems of these works. Yes there will be disruption and the company does underestimate or dispute this however the environmental benefits of these caverns for storage not just of methane (natural gas) but potentially for hydrogen, compressed air and/or perhaps carbon dioxide is really significant. This ought to far outweigh ephemeral impacts on the seabed.
COVID aside,I do not understand why DAERA, who have a responsibility to determine this application, have chosen to prevaricate and procrastinate upon it other than that they are very unsure of their own processes. We are shortly into month 9 of their possession of the application so it really is time for them to deliver their work without further delay.
Thanks to the Board, the management team and the staff and contractors working for us. Keep going and "audentes fortuna iuvat" GLA (my opinions only)

It is highly likely that net zero will be reached from a combination of several technologies; this applies to both generation, demand side management and energy /CO2 storage.

Given the operating life of the caverns once created, along with the ability to leach much larger numbers of caverns over time, storage to my mind will encompass methane, hydrogen, methane/ hydrogen blend and carbon dioxide. Possibly compressed air as well?

Tight lines all

https://timera-energy.com/french-nukes-winter-stress-flex-asset-value/https://timera-energy.com/french-nukes-winter-stress-flex-asset-value/

https://timera-energy.com/gas-storage-margin-recovery-continues/

https://timera-energy.com/gas-storage-margins-continue-to-rise/

I believe it’s Harwood and/or Crux. Two of the original iis
For the reasons already stated in the thread.

Thank you for the post Droderick.

Your point about retaining independence is appreciated.

I suppose in truth my comment really extended to the swelling ranks of the management team and of course the likes of us shareholders don’t get to learn about their participation.

The longer story here as we emerge from Covid would seem a positive one for the company as more is done closer
to home. It’s been a long journey for some of us so I hope the Board will bring to us some good news in the brighter times ahead!