Member Info for spudtheplumber

Also from 5th December

John Wood, Chief Executive Officer, commented: "It is testament to the team that we are building at InfraStrata that we have managed to deliver these milestones in a timely manner. As we progress through to the end of 2018, we are working hard to close out the equity funding for the Project. We are working through the process methodically to ensure we create maximum shareholder value. We are working to ensure we hit the ground running in 2019 with many work streams in progress"

As a shareholder this sentence is key!!

"We are working through this process methodically to ensure we create maximum shareholder value "

From 5th December "Completing this final milestone allows the team to concentrate on completing the negotiations that are underway with three potential equity providers that have provided the Company with term sheets for equity funding (at Project or subsidiary level). The term sheets are not binding and at this stage it is not guaranteed that InfraStrata will enter into a binding equity agreement. However, discussions are detailed and advanced and InfraStrata is still on track to provide a full update in Q4 2018 as previously stated." I prefer the term "hitting targets" as opposed to "hitting deadlines" lol.

Thanks for the professional insight jfk

State of the art, most advanced, fastest cycle, future proofed, gas storage in the UK!

Sounds good to me GLA

Yep merry Xmas pacman, I hope you get that kitchen finished;)))))

It would definitely make sense imo Setanta!

Also how could I omit the £40million EU grant application when talking about 2019

Equity news, new directors (could they be connected to equity and construction partners?), new projects

2019 going to be an exciting year for Infrastrata imo

Nice consolidation today

I do know there was an EU meeting about 2019 gas pci this week. I saw a 3rd party tweet about it last week (can't find it)

I don't know if he reads this bb, but would like to thank Matt for his work helping resurrect infa.

All the best in everything sir

Yes we had a site visit earlier this year. It was good to see the close proximity of everything and get a feel for the project. We also met Judith Tweed the islandmagee energy director and local resident

Talking to 6 potential off takers so let's share the love imo ;)))

" The Licence application runs from Ballylumford Road through to Browns Bay."

I believe this could be the site of the planned gaelectric CAES site

https://www.agendani.com/larne-caes-project-update/
"
A deeper salt system exists on nearby Islandmagee and Gaelectric is seeking to develop the plant site approximately located to Ballylumford power station, on the peninsula."

Hence this quote from the RNS
"During the early evaluation stages of the Islandmagee site, additional seismic data was obtained that covered a substantial portion of the Licence area. "

GLA

They were sells imo the mid price was higher at the time

There's no way a rights issue would bring in £40mill though Mitch

Because the equity finance will be at project level so no dilution at plc level.

That certainly provides some perspective jimmy!

The figure has recently changed to £13.5 million on the bottom of the rns.
That's total money spent to date getting the project up to this level.

It'll be very interesting to see the structure of the deal

I agree Jimmy! I imagine a significant "sell down" of this first project which will release a decent lump of capital to push the other projects. Slide 7 of the presentation shows the risk profile of projects. Equity partners aren't interested getting involved at the top end (most risky) so I'm assuming they are willing to pay a reasonable premium as the projects are derisked? I also agree about the potential EU grant windfall being written into the contract. Infrastrata will retain a certain % of equity and long term income from project management (initially) and then as facility operator. Future projects are ring fenced allowing the team to develope each one, increasing the value to infa before selling an equity % in each to get them away

Yes mcadder great link!

In the grand scheme of things the reverse flow of SNIP is relatively cheap (2-3 million I believe )

The twinning of the pipeline is of course a reasonable size infrastructure project.

I remember this tweet by JW
https://twitter.com/JohnWoo64494325/status/1060163052182667265?s=19

EU conference , looking at future funding opportunities for new PCI projects to 2021. Great information to throw into the mix when evaluating potential projects for project’s 3&4

So potentially 15 extra caverns and twinning of the pipeline may become PCIs

GLA