Infrastrata Share Discussion Threads

[2baffled] 31/12/2012 22:04

Well, the Times article was very skinny on detail, imo..
There's lots more on the cards.

Times tip c & p.. ...........

Sunday Times 30/12/2012 Danny Fortson: Infrastrata

A year ago when I tipped Essar Energy, I warned that, "this one is risky". How right I was. Rather than flee to a boring yet reliable choice for 2013, I am doubling down on another "risky one", a little company called Infrastrata.

The chances are you have never heard of this AIM-listed group: its market value is just £8m. Yet this could be its year. Really.

Its biggest asset is the Islandmagee gas storage project in Northern Ireland. Early this year BP agreed to fund an appraisal well to examine whether underground salt caverns at the site are suitable for gas storage. The survey is scheduled for early 2013. If successful, BP has the right to buy a majority stake in Islandmagee.

Hopes are high, especially within the context of the government's renewed love affair with natural gas and its desperate hunt for more domestic storage capacity, which is among the lowest in Europe.

Infrastrata also plans to drill for oil in a 663 square kilometre area of Northern Ireland over which it has the rights. Two seismic surveys have detected promising underground formations that were not visible with the technology available in 1971, the last time an oil well was sunk in the area. Infrastrata also has plans to drill for gas in a licensed area off the Dorset coast.

The company has enough cash on the books - £1.8m - to fund the above. If any of it comes good, bet on Infrastrata's shares, which closed the year at 9.25p, to soar. I wouldn't bet my retirement on the tiddler, but it's worth a punt.

[megabear] 31/12/2012 19:18

What a way to start the New Year! Think there's a CPR due soon. Maybe news has leaked? Seems too much interest for just the Times article?

[humbugg] 31/12/2012 08:11

the times article seemed to have added a bit of interest this morning
:-))

[humbugg] 30/12/2012 16:02

saw that buster. this has been my best stock in my portfolio this year. looking for an awful lot more in 2013.

[busterdog2] 30/12/2012 15:39

Times Tip for 2013

[2baffled] 05/12/2012 14:30

Abstract.............

*Government will support Ofgem's work with industry to look at the case for interventions to enhance gas supply security in the market.

*Government will look at further measures to encourage gas storage, and will publish findings on this in Spring 2013.

*The Gas Generation Strategy also confirms the Government's commitment to supporting the development and commercialisation of Carbon Capture and Storage (CCS) technology, which will help to decarbonise gas, as well as coal, in future.

From here ======>>

[nw99] 26/11/2012 12:53

InfraStrata (INFA) has posted a significantly increased pre-tax loss of £19.6 million for the year to 31 July, up from just £1.4 million a year before.Shares in the firm slid 12% after the news was revealed on Monday. The independent petroleum exploration and gas storage company was hit by a £10.6 million impairment charge relating to its Portland project in Dorset.The impairment reduced the group's investment in the joint venture to its estimated fair value. Revenue was up to £353,932 from £240,290 and the firm's operating loss, which did not take into account the impairment, moved up slightly to £1 million.

[nw99] 23/11/2012 09:44

I am going to top slice here

[nw99] 23/11/2012 09:00

Nice move again !

[nw99] 22/11/2012 06:56

NAV per share estimate of 17.5p

[nw99] 22/11/2012 06:55

Tipped today in Shares Mag, substantial discount to net asset value (NAV) and next
week's fi nal results (26 Nov) could help further close this unwarranted
gap. Risk-tolerant investors should buy the stock

[nw99] 20/11/2012 21:37

Still nothing new out but as you say steadily making progress

[2baffled] 20/11/2012 21:08

All quiet.
[Finals next Monday].

[megabear] 20/11/2012 20:09

Has there been any news yet? Or does anyone know what is expected? Share price rising nicely.

[nw99] 15/11/2012 14:55

Just jumped, been down all day and straight up

[nw99] 14/11/2012 14:45

Anyone heard any news

[nw99] 14/11/2012 12:18

Looks interesting this stock starting to bottom

[bluemoonpattaya] 05/11/2012 04:38

this share is on my watch list, so not taken the plunge yet as no funds available. there has been more talk in the mail on sunday about shail gas around the Blackpool area. Infrastrata have a 40% interest in a private company called Brigantes Energy Limited. which has an offshore interest in the Morecambe
bay gasfield (6 TCF)
does anyone know any more about this gasfield and what the future prospects are?
thanks in advance

[kooba] 18/10/2012 10:39

at least that didn't leak!!!

[humbugg] 18/10/2012 10:18

:-))))))))))))))))))))))))))