Member Info for spudtheplumber

https://www.drax.com/press_release/drax-closer-coal-free-future-fourth-biomass-unit-conversion/

"Drax will now continue its work to replace its remaining two coal units, with gas-fired power generating units. The Combined Cycle Gas Turbines it is looking to develop could deliver up to 3.6GW of capacity"

More reliance on gas for UK power generation

Since last September Great stuff !! ;))))

https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/082018-rhum-sanctions-issue-raises-uk-energy-security-fears?utm_source=twitter&utm_medium=social&utm_content=naturalgas&utm_term=news&utm_campaign=newsarticle&hootpostid=2b7cbd8a60001f56304c8c4c0fb69199

Article mentions UK security of supply and lack of gas storage

Only a handful of posts on lse and advfn suggests to me we are still some what "under the radar"

This website is out of date and in the process of updating along with the plc website.

www.islandmageestorage.com/index.php?option=com_content&task=category&sectionid=15&id=66&Itemid=131

*woodburn

The new board will be aware of Woodbury! Infa have a local community Liason representative who lives on Islandmagee and she has been involved in the storage project for about 12 years. Judith is a key part of the project imo

Interesting point Islandmagee is the site of Ballylumford power station, Moyle interconnector & Scotland to Northern Ireland gas pipe (SNIP) Infa's gas storage project will be the only one to actually give money back to the community via a trust fund. A committee of mostly locals will decide how this money will be spent

Not forgetting that almost 2/3 of CAPEX is covered under the UK government guarantee scheme. So will basically be a loan at zero risk to the lender so will attract very favourable terms

The phased development will also make this much more attractive imo. Much reduced upfront CAPEX

By the time the FEED is complete approx £15mill will have been spent on the project. JW the new CEO is obviously very bullish and expects significant upside. I'm looking forward to the revised economics taking into account potential double project life and significant increase in storage volume. Cherry on the top would be an EU grant towards CAPEX

Got to remember imo 5p sp is still just over £50mill mcap

https://www.kinsale-energy.ie/gas-storage.html Kinsale was the island of Ireland only gas storage facility and closed last year. Notice on the link who owned it! Petronas! New NED Arun is the key to commercialisation imo

Great post BD6! Thank You

https://twitter.com/InfraStrata_Plc/status/1030464358428692480?s=19 Pics from site. Good to see pr picking up

http://www.dailymail.co.uk/money/markets/article-6068641/DAILY-BRIEFING-Asda-sales-growing-Elon-Musk-plans-LA-underground-tunnel.html?ns_mchannel=rss&ito=1490&ns_campaign=1490 Small mention for infrastrata

Without AP's drive and commitment over the last 18 months there wouldn't be an Infa and that is a FACT! I for one respect him for his efforts. I spoke to him briefly yesterday and thanked him, he has stepped aside as the team is now in place to drive this forward. It will be a seamless and amicable transition. I see AP staying on as NED as a positive sign. As shareholders we need a non exec with a decent shareholding

Good link Schlemiel

Prioritising other things at the moment is my guess ;)))