Member Info for spudtheplumber

Great post O&W

Lots of options here

I've stated to think that may be the plan O&W. Get the project to a certain point, sell a chunk, keep an interest and move onto the next. So many possibilities here and only a small group know what the real plan is.....

25k is a delayed buy imo

https://www.ft.com/content/9318faec-e1e6-11e8-a6e5-792428919cee "UK urged to rethink and reverse gas storage plans"

Nobby I refer you to CEO quote in Irish press interview "The company is in advanced negotiations with offtakers, traders who are "willing to pay to justify the economics of the project", Mr Wood said. He didn't disclose the potential customers, but said InfraStrata planned to update the market on the commercial arrangement in the fourth quarter." Once the firm figures have been finalised from Costain and DEEP this will move imo

Cheapest quote for 1mill is .5045 with HL

Sorry just I've just seen you've already posted that Snowman

Great Vitol post Snowman!!

A reminder of Aruns links time Vitol

"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. He also negotiated and executed agreements with the National Grid in relation to physical gas flows between the Humbly Grove gas storage facility and the National Transmission System. On the trading side, Arun set up trading desks for natural gas, power and carbon emissions for the group."

The above is from his appointment rns

Way above my pay grade but some thoughts O&W

We have the £11mill already spent plus the money getting the FEED finished.
Post FEED the project valuation has to be higher surely?

https://amp.independent.ie/business/brexit/brexit-and-uk-site-closure-boosts-gas-storage-project-37402025.html?__twitter_impression=true

I found a quote from JW in the above report very interesting

"The company is in advanced negotiations with offtakers, traders who are "willing to pay to justify the economics of the project", Mr Wood said. He didn't disclose the potential customers, but said InfraStrata planned to update the market on the commercial arrangement in the fourth quarter."

Malcy blog in August
https://www.malcysblog.com/2018/08/oil-price-premier-eco-atlantic-falcon-infrastrata-and-finally/

"I say piece of the jigsaw as the funding process for Infrastrata will have to be creative whilst getting all funding partners into place conditional on each other. A partial farm-out to, say a pension fund, with long term requirements for income offset against liabilities would lead to the company keeping some of the project leaving it able to develop other similar challenges in the space. This would avoid dilution at PLC level which pension fund investors would find preferable"

A comment from Andrew Monk (head of VSA capital) I also found interesting

@InfraStrata_Plc has a very interesting gas storage asset at Islandmagee in N Ireland - I have actually been there to see it. But it requires quite complicated funding which wont come from normal institutions and that is the whole key and all you need to watch https://t.co/bI5k19JPYX
https://twitter.com/AmonkMonkey/status/1030014144794320896?s=19

Looks to me like the funding is inextricably linked to equity partners and off takers?
JW and GL obviously know a lot more about the deal structure than any of us and they have been buying at levels higher than where we are now.

Enjoy the Guinness and spread the infa story lol

Interesting packs! We just need to know where JW and Judith are today ;))

Very good summary! The committee seemed amazed that they considered the system "worked" as the price spiked to record levels! Gas storage is very important if even just to prevent so much volatility let alone the security of supply issues. The only LNG tanker inbound at that time was SIX days away ffs!!

Tower hill Looks like a typo

Jw was tweeting to Graham the chairman (soncer)

Well done Dinerios Discipline and patience

I don't think the 55k buy is Dawski so someone else taking advantage The MMs dropped the price to fill the order Snowman. They've done this several times now

Nice!

Someone sneaked a £55k buy in at midday! Just printed

@GVLSoncer Why do we always get a drop in share price when we are in a closed period! #INFA

(Except the share price) All on track! Read the RNS again "Exercising Islandmagee Energy's historic options to purchase the various parcels of land is another stream of work that needed to be completed prior to equity and debt funding for the Project being put in place." NEEDED to be completed. Great buy opportunity created by the seller