Member Info for tidd83

Read PVRs RNS. Probably extended verification process due to overseas transfer hence the extension.

“However, the Company has been given assurances that the transfer process is underway, but as of last night was not complete.”

Urraca it’s in the RNS.

APECs funder is Chinese state owned JIC. Just as COSL are providing the operation requirements for EXOLA. COSL being a subsidiary of CNOOC who again are also Chinese state owned.

The Chinese government are ultimately invested.

PVR up almost 10%

Nobby, JW has a lot more sunk in here and bought on market.

As for longlads prediction of throwing in the towel, absolutely ridiculous.

Agree MrT, have been saying the same thing.

The valuation here is now ludicrous, the completion of FEED is worth much more than the current MCAP. If as JW has alluded to they regain back costs on funding thats some 120% rise alone from the cash portion of the rebate ignoring all else.

In-depth details of Barryroe.

Production peak from the field is expected to be in the region of 30,000bopd. The upside of exploration beyond existing identified targets is huge.

https://www.offshore-technology.com/projects/barryroe-oil-field-north-celtic-sea-basin/

Jarvy the bill that was tabled has already been killed as of last Friday.

https://www.maritime-executive.com/article/irish-cabinet-blocks-offshore-drilling-ban

It traded higher prior to the funding, with the bill also cancelled current valuation for the fully funded multi well program and already discovered oil is rather conservative.

Excellent news. Should see another good correction today - not sure how easy it is going to be add in size given the lack of float.

Great news.

https://greennews.ie/cabinet-block-cem-bill/

Bodes well!
Will be good to see Brid silenced, she should take it on the chin and accept she’s lost.
Confirmation should kick things on nicely here at LOGP and PVR.

Convertible debt is at Project level not P.L.C. - that is a BIG difference and a positive.

Solid update, this morning. It appears work on all fronts is moving forward in earnest. The significance of the Vitol offtake has been overlooked. I like the quote from JW;

“We are now at a very exciting stage of the Islandmagee Gas Storage Project. Having underpinned our future revenues with an innovative offtake structure, we have been able to fully model the future income streams for the next 12 years. This has assisted in our negotiations with potential project funding partners. As we did with the Term Sheet with Vitol, we will take the required time to negotiate the best long term deal we can so as to ensure our long term interests and those of our shareholders are protected."

I will be adding here, the wider picture with Vitol now underwriting a 12 year off-take agreement at very good rates is an excellent indication of what’s to come.

Paves the way for project funding and back costs which draws the current MCAP alone.

Snowman - your theories on Costain and INFA jumping ship are a little far out, I have never read something so ridiculous.

Offtake agreement with a blue chip organisation and financing discussions are well advanced. The share price at these levels is a gift, there are plenty of short term catalysts and financial agreement will transform Infrastrata. £9m MCAP is laughable, the cash back alone is expected to be circa £14-20m and then EU rebate of funds is imminent for £1.6m

Excellent news, major holders further supporting their holdings - none of which have sold down - big vote of confidence. That puts to bed any issue with short term raise requirements, company are now funded for at least another 10 months.

The closure of submissions was the 14th. At least give them time to review and base their decisions on the information provided.

Another piece of the puzzle coming together now and working with Mutual Energy to reverse the SNIP - another big player in the wings. Having watched the IG interview last night, JW states that debt/equity funding is well advanced. With a binding offtake term sheet agreed with major Vitol this facilities the completion of this element. If back costs to date are also included then this will be major news. Don’t think we are far away!

Bronx that point has been answered below. They don’t need to stump up 250m that is the costs incurred by equipment and program and will be coveted primarily by use of their own equipment. It’s an expected cost on a recharge rate.

Great tweet by MarketGem summarises the project to date and impending news flow; https://twitter.com/marketgem/status/1139055566427496448?s=21