Member Info for spudtheplumber

https://www.newcivilengineer.com/latest/costain-targets-new-type-of-engineer-for-the-digital-age/10034475.article?blocktitle=News-Feed&contentID=13612 “We fully expect there to be a much broader range of [energy] generation going forward and we are aligning ourselves to do that. We’ve just been awarded a contract for a gas storage facility in Northern Ireland to deal with the energy capacity issue.” https://www.investegate.co.uk/costain-group-plc--cost-/rns/half-year-report/201808220700044914Y/ "We have continued to secure new contracts This includes the appointment by Infrastrata PLC for the FEED design on their Islandmagee gas storage facility in Northern Ireland" Just a reminder and of note to any relative newbies. Costain have mentioned islandmagee at least twice!

https://www.centrica.com/news/cessation-storage-operations-rough More flexible Medium Range Storage is the way forward IMO. Onshore, numerous cycles per year, cheaper OPEX and CAPEX

I think we should keep the excitement down a bit, especially for Humpalumps......... ;)))

Sold!!!!!!!!!!!!!

The .5665 were sells

It was a false close last night with the .59 uncrossing trade

I think, after reading update rns, we will still see equity partners and the Grant will be the humongous cherry on top!

From the 11th October RNS

"Advanced discussions continue between InfraStrata and potential project equity providers and offtake partners."

Shouldn't be too long before news imo

This independent report puts a very strong case forward for infaa

http://www.infrastrata.co.uk/index.php?option=com_content&task=view&id=517&Itemid=1

https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/101718-uk-natural-gas-imports-from-norway-hit-six-month-high?utm_source=twitter&utm_medium=social&utm_content=news&utm_term=we-gas&hootpostid=ceeeb85d6009f099ecd8d08960ca3fba "With Continental Europe currently not supplying a baseload, and following the closure of the UK's long-range seasonal storage site Rough, North Sea production has become critical in maintaining consistency of supply." "As the UK's Theddlethorpe terminal closed in August, the Barrow terminal remains short of full operational capability and current UK Continental Shelf production approximately only 30 million cu m short of multi-year production highs, the UK's winter import dependence is increasingly coming into sharp focus."

There is no rationale Setanta it's just AIM! Eventually value will out imo

Government guarantee scheme has nothing to do with Brexit

Massive money to do that I believe

Off shore opex is much higher and seasonal storage does not offer the fast reaction times between injection and withdrawal that medium range storage (MRS) provides.
MRS much more attractive to traders

Islandmagee is the most advanced project so get phase 2 done , reverse the SNIP . Takes the pressure off slightly while the others are planned

https://twitter.com/taylorkeogh/status/1052209705324597248?s=19 Remember the UK gov has consistently said the system worked!! This is good news for infa imo

O&W from today's RBS "Whilst a Brexit "No Deal" generally increases uncertainty, the Directors do not believe that it will affect this application as the UK government (as part of the "no deal" papers published) has stated that it will honour PCI (EU Project of Common Interest) project funding in the event of leaving the EU with no deal." Check out infa NED Mathew Beardmore and his experience in all things EU funding! A quote from Peter Wale(one of the original EGM requisitioners and ex infa non exec chairman ) on a reply to one of my tweets "Matt is legendary in terms of his experience here, extremely impressive contribution" https://twitter.com/RTF83/status/1051774046768123904?s=19

Worth remembering MB's expertise!! "Within the last five years Matthew has obtained significant experience and knowledge through working in a role as Head of Capital Projects for a UK regional government authority. He therefore, has significant experience with the EU funding framework.  The Board believes that these skills are going to be very beneficial to InfraStrata and will ensure the Company maximises its potential in this area."

Not direct treasury money, but guaranteed by the government.
Risk free to the lender!

I for one was not expecting a possible outcome like this!

Game changer if full £40million comes through, I would actually be extremely happy with 25% of that

65% of the capex is covered by the UK Guarantee Scheme (basically a bank loan)