Infrastrata Share Discussion Threads

[2baffled] 18/10/2012 10:15

Waiting for ministerial announcement ......

"Larne Lough gas facility expected to be approved".

[kooba] 18/10/2012 10:09

Might have been nice to do an rns reach to say the company was presenting.

[2baffled] 17/10/2012 21:50

Lots happening in the next 3 weeks re. gas, electric, CCS and storage.

Here's a start ..... Lord Naseby @ Q2

[kooba] 17/10/2012 21:45

Chartwise a gap to 10p should be on the cards...the buyers today are presumably looking for news flow to prompt such a move...could be the islandsmaghee confirm SB45 alighted to...but I am still looking for something more substantive on Portland partners/funding after the yanks pulled out..
..salt...gas.....power generation.....storage....and possibly carbon capture any takers??

[2baffled] 17/10/2012 21:28

Added INFA to my UK Onshore Energy thread, 'UKEN'.

[megabear] 17/10/2012 15:45

Bit perky. Any news?

[sb45] 11/10/2012 11:22

Planning application for IslandMagee has been approved by Larne Borough Council.

RNS any day now and this stock should finally motor.

1 F/2010/0092/F APPROVAL Islandmagee Storage
Limited 1st Floor
The Arena Building
85 Ormeau Road
Belfast
BT7 1SH
Lands Southeast and Northeast of
Ballylumford pressure reduction
station, Ballylumford Road,
Islandmagee, with extending
underground pipelines, BT40 3RN
Above ground facilities associated with proposed Gas Storage
Facility for the storage of natural gas. Includes underground
pipelines, gas storage plant, leaching plant, seawater pumping
station, temporary construction compound and wellpad to
accommodate drilling rig for 7 no. boreholes.

[nw99] 11/9/2012 07:55

No RNS still in the dark why stock rallied yesterday

[bionicdog] 10/9/2012 15:37

I think not.

[nw99] 10/9/2012 13:54

Ok there is the reason a holding RNS

[bingham] 10/9/2012 10:28

There is life on Mars!!!

[nw99] 10/9/2012 09:02

Volume here this morning something cooking maybe worth a flutter ..

[bingham] 01/8/2012 17:09

No one interested left then?
Sea salt anyone?

[ghhghh] 17/5/2012 11:07

Thanks. I should have spotted that.

[kim_clay] 16/5/2012 14:27

GHHGHH...

It has been quietly trailed that eCorp can exit....., only spent £1.2mm of the £22mm they "agreed" to spend, eCorp look like they are leaving, who'll fund Portland now....?

30th April 2012 Interims
"Following a refocusing of eCORP's European operations, agreements are being
negotiated to restructure their interests in the Portland project, and the 26th Round offshore petroleum licence."

15th Nov 2011: Finals
"InfraStrata has a 50% interest in the project together with partner eCORP International, LLC("eCORP"). eCORP acquired its 50% interest in the project in October 2010 for agreeing to fund the on-going expenditure of Portland Gas Limited (up to the next £22.9m), >>>> subject to options to exit the project by
relinquishing its equity interest

[ghhghh] 16/5/2012 13:44

Thanks.

It's big news if they haven't! Do you have a contact at INFA you could ask?

[kooba] 16/5/2012 12:33

the agreement does not mention minimums or even the opt out clauses so to be honest not exactly that informative...looks from the release a firm commitment but i have definately seen that ecorp had options to reduce it's equity commitment.

[ghhghh] 16/5/2012 12:20

That eCorp have not simply walked away implies some sort of an obligation?

Do you know if there was a minimum commitment?

[kooba] 16/5/2012 12:06

for info.


re ecorp..from the original agreement there were opt outs so i don't think there is any recourse on them...just not the right partner by the looks of things and can only hope we attract better partners to take the project forward in the near term.

[kooba] 16/5/2012 11:55

i had a chat with the management on that very point recently as the ecorp "refocusing" after spending as far as i can tell only £1.4m of their earn in leaves our principal project in something of a grey area going forward with regard to next stage funding, was told that there should be some clarity shortly as to the structure of the project going forward which i understood could include some new proactive shareholders...will have to wait and see...certainly appears ecorp sat on their hands and have not moved the project forward since their committment.we do have a spade ready fully planning complient onshore storage project second to none..but we do need the right partner[s]!!
sounded genuinely excited about the company's prospects and with funding in place for central costs for well over 12 months we should have some newsflow from a number of areas of activity to look forward to.
the new portland focus of finding gas into a gas power station,using energy to create heat source to mine salt caverns,market extracted salt and then be able carbon capture with limited infrastructure in the caverns sounds a rather good and very backable plan..our asset value is £28m against that £5m market cap...if we get a restructuring of portland project reaffirming the implied £22m value [what we have spent!]on that project then i am sure we will see some realism return to the company's valuation...in the meantime i take this as a very good opportunity on a medium/long term prospective..not without risk but the risk reward looking compelling.

[ghhghh] 16/5/2012 11:30

eCorp committed to £23m of expenditure but have done how much?

Now 'change of focus'.

So how much compensation can INFA screw out of them versus INFA cap of £5m?

[kooba] 15/5/2012 18:00

Just distressed selling... the company's finances are solid and the externally funded projects all offer potential this year....company seems in a better position than it has been for years yet the shares are at their lowest.be good to get some clarification on the core portland project following the comments re ecorp but i expect an update in the near future which should clarify the way ahead there.big discount to assets and some very interesting prospects...picked a few up at 6p today and having done a bit more research this pm will probably add more if there are dips.
looks like the finance director agrees !!


InfraStrata plc
("InfraStrata" or "Company")
Director's Holdings in Company
InfraStrata plc was informed on the 15 May 2012 that Mr Craig Gouws, an Executive Director of InfraStrata, on the 15 May purchased 44,153 Ordinary Shares in his Self-Invested Pension Plan at 6.51p per share.
Mr Gouws' total beneficial shareholding in InfraStrata is now 277,226 Ordinary Shares, representing 0.30% of the issued and voting share capital of the Company.
Enquiries:
Andrew Hindle/Craig Gouws Tel: [phone]
InfraStrata plc
Jonathan Wright/Sarah Jacobs, Corporate Finance Tel: [phone]

[nw99] 15/5/2012 10:18

Any news here looks like something is up