Member Info for spudtheplumber

100% owned Strutt Website is out of date I would link rns but I'm too busy atm

Infrastrata plc own 100% of islandmagee storage ltd (the project) any entity wishing to acquire the project would (imo) have to make an offer to infa

http://tradeinsight.co.uk/infrastrata-its-finally-happening/

A very well researched blog by David Marshall (a private investor )

In the relatively short time since it was published a lot has happened

https://www.icis.com/resources/news/2011/04/01/9449096/petronas-buys-out-vitol-at-humbly-grove/#

"PETRONAS Energy Trading will be using Humbly Grove's storage capacity to optimise its UK gas portfolio in combination with its flexible Dragon LNG terminal send-out capacity, and other UK and northwest European (NWE) gas positions," the group said. It added that it will also be looking to add more flexible gas positions to its portfolio."

Arun Raman
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.

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Following on from there, Arun was hired by Vitol Services Ltd. in London where he was actively trading carbon emissions and other commodities. Arun specialises in commercial negotiations and monetising assets underpinned by commodity flows as well as trading of commodities around such assets."

Petronas have made their intentions clear as far as UK gas assets are concerned.

Exciting times.........

I'm assuming SI Capital have advised their clients they expect a higher share price.

It'snot stopping the COO adding at these prices

.48 from that placing eyeguy

Interesting links to what happened to Star Energy's Humbly Grove Gas storage site once Arun brokered the gas off take !

https://www.telegraph.co.uk/finance/newsbysector/energy/2821533/Petronas-buys-Star-Energy.html

https://www.reuters.com/article/petronas-trading-expansion/petronas-to-expand-european-gas-trading-desk-idUKLDE7300X420110401

https://www.vitol.com/

Worth checking out who Vitol actually are then checking out NED Arun Raman link to them!

"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.

Â

Following on from there, Arun was hired by Vitol Services Ltd. in London where he was actively trading carbon emissions and other commodities. Arun specialises in commercial negotiations and monetising assets underpinned by commodity flows as well as trading of commodities around such assets."

Not hard to join the dots and see why Arun was appointed imo

https://cadentgas.com/about-us/innovation/projects/liverpool-manchester-hydrogen-cluster

Just for Naz lol

Using the existing gas grid to transport and STORE decarbonised gas saves billions in infrastructure spend

Tidd, we tend to ignore our friend Naz lol

Have you got a link to the Article JFK or who was the reporter?

The pi who wrote a blog on infa a while ago just tweeted this! https://twitter.com/rapidDave_uk/status/1027874133642813440?s=19

http://www.lse.co.uk/regulatory-news-article.asp?ArticleCode=yqtotp7o&ArticleHeadline=Director_Shareholding 3.77% now!

The board were "inside" but obviously not at the moment. I am going to agree with you that it is disappointing AP has not bought any after saying in the proactive interview he would be! However the fact our COO has got 3.77% of the company surely must make even you a little happy Setanta?

John Wood has added on today's dip

We all have reasons to sell but nothing has changed with infa In more than 12 months following infa Mondays rns was the best I've seen! Coo has approx £200k invested here

Graham met Malcy last week to arrange an interview apparently

Malcy wrote in his blog this week that he is meeting infa again next week

http://iae.ie/publications/iae-report-on-security-of-irelands-gas-supply/

Very good report on the state of Ireland's gas supplies

"A 2016 CER assessment report13 noted that in the cold
periods of January and December 2010 a combination
of production and storage gas from Kinsale contributed
to 16% of Ireland total demand. Without this source of
gas, the Moffat entry point would have been strained and
unable to deliver the gas required to meet demand.
The closure of the Kinsale gas storage facility means
Ireland has no gas storage. Countries in Western Europe
have an average of 100 days’ gas supply in storage.
Austria has over a year’s supply of gas in storage. See
table in Appendix 2. Ireland is the only country in Europe
without gas storage, despite being quite remote from the
main gas hubs in Europe and with less interconnection
Than most other countries "

Islandmagee would help with security of supply for Ireland

Chatting to a long term holder and we both agree yesterday's rns was the best we have seen so far! Proving we have the right people doing the right jobs! Looks like some sells dragged on the sp yesterday. Hopefully see a delayed reaction today onwards

"A further study has been commissioned by the Company to review the remaining options and market demand for a potential Phase Three to this project. This is predicated on the impact of other gas storage facilities being closed and the potential for increased demand for hydrocarbon storage. Further investigative work is being undertaken, in conjunction with other stakeholders, to ensure additional infrastructure is developed to fully exploit the full potential of the Islandmagee site in the future."

Looking great imo