Member Info for Snowman100

It would seem I have failed miserably!

Plenty of time yet Humps.....19 minutes to go!.....lol

I'm not so sure Humps......I know there is less than an hour left......but I think we are going to get a late blue finish today.

'Infrastrata
Infrastrata announced late yesterday…that it has received a LOI from a ‘major (blue chip) gas trading company regarding potential utilisation of its off-take at the Islandmagee storage facility. Things are really moving apace at INFA with much going on in recent months. This news is very positive as the FID case has to be enhanced by having a trader on board, still much to do but looking very positive.'

Lots of heavy investors will be reading this!

Infrastrata on Malcys Blog!

Hold on to your hats!!

Thanks O & W.

But I don't mean phenomenal turnover in relative amounts of gas.

I mean phenomenal turnover in terms of cash.......£8.36 million a day for what is at the moment a £6 Million market Cap Company !!!! That is absurdly surreal !!!!!

GLA......we are surely going to to fly!

‘Spud said (Advn 15 Aug 2018) ‘The beauty with Medium Range Storage (MRS) is the rate of withdrawal and injection. Islandmagee will be able to withdraw over 20 million cubic metres of gas per day’.

Assuming Spud is correct, can someone please check the following calculations.

Given:
Approx. 2.64 cubic metres of gas 1 therm

Given:
1 therm = approximately 29.3 KWH.

Therefore:
20M metres of gas per day = 7.5M therms = Approx 220M KWH

Current gas prices
https://www.ukpower.co.uk/home_energy/tariffs-per-unit-kwh
Both gas and electricity consumption is measured in kWh. The unit rate you pay will vary depending upon the energy price plan you’re on, and even the region you live in, but the average cost of electricity per kWh is 14.37p, and the average gas cost per kWh is 3.80p

So assuming:
1KW natural gas = 3.80p

220M KWH x 3.80pence = 836M pence = £8.36 Million per day.

This is a PHENOMINAL turnover !!!

CAN SOMEONE PLEASE CHECK THESE FIGURES !

continued....

https://www.vitol.com/what-we-do/trading/natural-gas/
‘We have been trading natural gas for over 15 years. Global contracted sales in 2017 were 791TWh. Our gas teams operate across continents – Europe, Asia and the Americas – in both pipeline product and LNG.
We work with producers, importers, wholesalers, distributors and industrial users, and supply gas both as a pipeline product and in liquefied form, under a variety of fixed and floating gas hub indexations, oil indexed formulae and other related commodity pricing structures.
We are happy to commit to long-term supply and sales contracts, plus we can respond swiftly and innovatively whenever our customers need us to. Our natural gas business is part of an integrated cross-commodity solution that makes us an ideal partner for both producers and end users.’

Vitol turnover circa 14 Billion US$
Gut feeling says (as I said in previous couple of posts posts) that we already have our funding and offtake sorted. Great feeling about coming week(s). ''what did they say about negotiations....in advanced stage!''
GLA’

This is all in safe hands now........(my bet obviously is VITOL but all Blue Chips are safe hands and calculated in the multi-billions.

Re Tidds post….
‘Let’s take a stab who this party is, id assume Vitol.

The fact we are so close to FEED conclusion with a likely increase on many fronts including 40 year project life and projected NPV/IRR is a tell.

Bluechip offtake discussions moving forward and a submission to request approval for grant funding 6x the mcap. A board lumping in £350k on market of their own money and a capitalisation of just £5m?

You can’t get anymore obvious for a standout buy in terms of risk/reward in my view. This moves very quick as seen today and those short sighted who can’t clearly see the potential returns from a project of this size are likely to miss out.

At £5m there is a hell of a lot of upside.’

I agree….here’s my post from Sunday
‘Arun has already secured a huge deal with Vitol, therefore he has the most excellent contacts with that very company and they obviously place as great a trust in him as we do!.........They will be very keen to deal again with Arun.....a lot of background relationship work therefore has already been done (on Aruns previous negotiations on the other contract)....sometimes, this can be one of the most difficult hurdles!.....We are streets ahead here!!

Soon....very soon! .........GLA!!’
And probably worth posting these again…

‘http://www.vitol.com/wp-content/uploads/2016/09/Vitol-brochure_2016-1.pdf

'When appropriate, our traders work alongside our finance and E&P teams to develop commercial structures which allow us to finance producers’ operations in return for offtake.'

So is it possible that Vitol could Finance AND offtake islandmagee?’
‘Further to Spud's great post...especially the bit about VSA chairman saying...'But it requires quite complicated funding which wont come from normal institutions and that is the whole key and all you need to watch' .

I like the end bit.......'and that is the whole key and all you need to watch' !!!

Infa RNS July 26th
.........'Arun Raman has spent the past 20 years within the commodities and infrastructure sector. While at Star Energy Group plc (now known as Petronas Energy Trading Ltd.), Arun was responsible for commercialising its 10BCF Humbly Grove Underground Gas Storage Project, including the negotiation and commercial delivery of the Gas Storage Agreement with Vitol SA as the capacity offtake client. '

Surely it must be Vitol SA that is lined up for Infa's offtake?

GLA’

‘I don't think Arun Ramon was brought in for nothing !!!’
‘Some very interesting snippets from Vitol website.

Vitol Website excerpt
https://www.vitol.com/what-we-do/terminals-storage/
‘……
Vitol invests in a number of ventures providing terminal and storage facilities globally. In total we have circa 18 million cubic meters of storage capacity in terminals across seven continents…..’
Vitol Website excerpt
https://www.vitol.com/what-we-do/trading/natural-gas/

post 2 to follow...

Next week too late for max effect!

You have the results.......release the news NOW !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

That would be nice Chesh....they are overdue...would be icing on cake!

Wobbly....there's a song there somewhere!....lol

We've just about got the whole world patented now.... With exception of Russia Bd a few minor countries. Time now to drop some WA results and big contracts will follow for all AXM processes.....when this blows,...it is going to make Krajatoa seem like a wet fart!

Just as a matter of interest which may or may not be of great importance........does anyone know exactly how much land and access rights we now fully own in the vicinity of the lough? This could be very interesting.

Woody in Brussels today...perhaps paving the way for the EU grant bid?

Never mind....bear with....news just around corner...will fly like the wind!

I have listened to this before, it's from the spring...and quite uninspiring......I thought Andre was on about a current video!....we could really do with one...one that has a bit of meat on it!

Yeah the Q posts are way out of order.....I've reported them as well Chesh.

Andre....link doesn't work...what is the name of the company on the URL?

Arun has already secured a huge deal with Vitol, therefore he has the most excellent contacts with that very company and they obviously place as great a trust in him as we do!.........They will be very keen to deal again with Arun.....a lot of background relationship work therefore has already been done (on Aruns previous negotiations on the other contract)....sometimes, this can be one of the most difficult hurdles!.....We are streets ahead here!!

Soon....very soon! .........GLA!!

Some very interesting snippets from Vitol website.

Vitol Website excerpt
https://www.vitol.com/what-we-do/terminals-storage/
‘……
Vitol invests in a number of ventures providing terminal and storage facilities globally. In total we have circa 18 million cubic meters of storage capacity in terminals across seven continents…..’
Vitol Website excerpt
https://www.vitol.com/what-we-do/trading/natural-gas/
‘We have been trading natural gas for over 15 years. Global contracted sales in 2017 were 791TWh. Our gas teams operate across continents – Europe, Asia and the Americas – in both pipeline product and LNG.
We work with producers, importers, wholesalers, distributors and industrial users, and supply gas both as a pipeline product and in liquefied form, under a variety of fixed and floating gas hub indexations, oil indexed formulae and other related commodity pricing structures.
We are happy to commit to long-term supply and sales contracts, plus we can respond swiftly and innovatively whenever our customers need us to. Our natural gas business is part of an integrated cross-commodity solution that makes us an ideal partner for both producers and end users.’

Vitol turnover circa 14 Billion US$
Gut feeling says (as I said in previous couple of posts posts) that we already have our funding and offtake sorted. Great feeling about coming week(s). ''what did they say about negotiations....in advanced stage!''
GLA

I don't think Arun Ramon was brought in for nothing !!!