Member Info for spudtheplumber

If we get full grant it means we have a chance of keeping 100% of islandmagee storage! !!!

I agree O& W, it is about trading the short term volatility

There is also the security of supply side of things, current Russian supply routes at almost maximum capacity, any unplanned outages from UKCS or Norway combined with a demand spike could be a real problem for UK and Ireland.
That's where the 2nd and 3rd phase islandmagee could help with greatly imo

I ain't got a clue Snowman!

My post wasn't suggesting any of the options were in the mix for future caverns, just pointing out the potential and the fact Costain have experience in all.

"There may be room for two or three more similar-sized or larger sites, Mr Wood said."

Quote from the recent Irish Independentinterview

In the recent conference call JW made reference to "other uses" for salt caverns

From my research, apart from gas storage, salt caverns can be used for the following

CAES (compressed air energy storage)

Hydrogen storage (decarbonisation of grid)

CCS (Carbon Capture Storage)

interesting to note our FEED partner Costain is involved with all the above!! ( hiding in plain site)
https://www.costain.com/what-we-do/oil-gas/decarbonisation/

https://uk.reuters.com/article/uk-britain-uk-gas/qatar-sees-brexit-as-chance-to-supply-uk-more-gas-minister-idUKKBN16Z14E

Never ever going to a home produced over supply with fracking imo. It's all about having a storage of gas for security of supply and allowing traders to trade

Totally agree Dawski!! Gloomy infa can only be seen in the rear view mirror!

Dawski I'm so pleased your investment decisions are better than your jokes...........

Well worth noting islandmagee will be the only UK storage site with access to a deep water jetty.
This alone creates a lot of possibilities, lng terminal being one

Yep O&W, JW has big plans for little old infa by the sounds of it.

I'm sure Andy our finance guy has plans on how to make John's plans materialise........

Very very very good post Mcadder! !

Beauty with infa being onshore is CAPEX and OPEX should be considerably lower

Some chunky buys today ( several on nex exchange) Bodes well for next week.

I think JW must be very busy to have to fly at 7pm !!

Good stuff, lots happening

Fantastic to reach the position of completing our integrated surface and subsurface technical design. Still a few more milestones to reach before we complete the entire FEED study. #Finalpush #INFA https://t.co/A3CExsSBxd Here is a link to my research, CEO tweet ;)

Just done some research and the engineering design is the integrated surface and sub surface design! Basically how it all links together. We are very advanced by the looks of it

Basically they have the plans finished for the above ground facility I think. The FEED is the whole design, caverns, estimates etc

It's actually a major FUNDAMENTAL milestone

It's a major FEED milestone completed (ahead of schedule)

""The engineering design that has been completed is intended to position InfraStrata's proposed Islandmagee facility as a globally competitive and technologically advanced, fast-cycle, pioneering gas storage facility"

Exciting times for infa holders