Member Info for tidd83

Hey goup, given yesterday’s reaction I was not surprised for today. I do think awareness is spreading so it won’t be long, at it’s current juncture and with news in the pipeline it won’t stay valued at £11m for long. The work completed to date and yesterday’s major conviction from Vitol shows the level of de-risking completed. The project is worth a lot more at current stage.

https://twitter.com/infrastrata_plc/status/1138820231172956161?s=21 Media coverage copied in to raise awareness, worth giving it a like/retweet

https://www.irishnews.com/business/2019/06/12/news/advance-deal-struck-for-dutch-firm-to-buy-gas-from-proposed-islandmagee-sub-sea-store-1639785/

I doubt the partners would have gone to such lengths including COSL and JIC to change their mind 6 months later. A lot of work would have gone into forming the FOA and approvals at both sides of government level aren’t all for nothing. If the original permit hadn’t been contested on a technicality with gov process these guys would be full steam ahead. No reason why (now that all boxes are ticked and a bells and braces approach has been taken) DCCAE won’t re-approve the request. Nothing is new - just a formality correction.

$250m

Cagney, given that $25 are costs incurred by COSL from using their own equipment they don’t need anything of the sort

https://www.vitol.com/who-we-are/

Indeed Starbucks, company was priced to fail as many didn’t believe it would come. A lot of news now should be coming in short order and to couple that the tout of costs coming as a rebate equates to around 1.1p alone. Add on EU funding returns and the project revenues etc the facility is worth multiples.

Excellent update and paves the way to financing now. To get a bluechip offtake onboard speaks volumes of the calibre of the board, the company and its assets. Revenues expected in the region of £50-65million per annum. Re-rate.

Phoebus indeed, when the site survey decision is known and if successful as per the first submission then the shares will likely gap up, if the conclusion of the site survey releases Chinese funds as expected then I doubt there will be much opportunity to load up given how tight the stock is.

PVR rising as LOGP is on the floor.

Taken 300k this morning.

Yep PVR is rising, this has yet to catch up

Warrants are available with largest holders, previously have converted and held - cash will bolster position.

Manyana, CNOOC are already into Barryroe as I pointed out APEC are front men lobbying for COSL (CNOOC subsidiary) and JIC (state owned investment enterprise).

Skyrunner let us be clear - it is a binding legal agreement they can’t just pull out on a whim.

It is clear China are keen to progress in Irish waters and also went through the same process as outlined below for iolar which is now being drilled. Just to be clear this consortium fronted by APEC is actually termed with COSL who in turn are a subsidiary of state owned CNOOC. JIC are actually also a subsidiary of China Jianyin - also a state owned enterprise. It appears some believe that $9m isn’t even a starter in terms of investment. A little naive since the levels of DD that would need to be completed to allow such state owned organisations to even get a foot in the door with government. Let us not forget that the projected work program is likely to run in excess of $200-250m. Precisely why government level approvals on both sides are so meaningful and why they will not just walk as Mamms wrongly deduced. The MMs have had a field day today, marked down circa 15% with no sells on open and then dropped the bid consistently on little volume. The stock is as tight as a gnats a$$ as it is, all that’s happened here is that PIs have been spooked and dumped whilst in turn nothing has in fact changed. The delay was known about and priced in already, the $9m is not needed until site survey approval which I have zero doubt will be awarded - it’s already been awarded once!!

Just to add to the point below; JIC are actually also a subsidiary of China Jianyin - also a state owned enterprise. It appears some believe that $9m isn’t even a starter in terms of investment. A little naive since the levels of DD that would need to be completed to allow such state owned organisations to even get a foot in the door with government. Let us not forget that the projected work program is likely to run in excess of $200-250m.

It is clear China are keen to progress in Irish waters and also went through the same process as outlined below for iolar which is now being drilled. Just to be clear this consortium fronted by APEC is actually termed with COSL who in turn are a subsidiary of state owned CNOOC. Precisely why government level approvals on both sides are so meaningful and why they will not just walk as Mamms wrongly deduced. The MMs have had a field day today, marked down circa 15% with no sells on open and then dropped the bid consistently on little volume. The stock is as tight as a gnats a$$ as it is, all that’s happened here is that PIs have been spooked and dumped whilst in turn nothing has in fact changed. The delay was known about and priced in already, the $9m is not needed until site survey approval which I have zero doubt will be awarded - it’s already been awarded once!!

Older to be fair the DCCAE approval process has been running since resubmission following the decision in December in 2018. If you assume today is a binary bet and is not cheap then surely you sold out everything in the mid to high 2p range? Nothing on that front has changed so I’d agree with wonderer.. it is clear Ireland (by the actions awarded to CNOOC) are pro O&G.