Infrastrata Share Discussion Threads

[kooba] 06/1/2010 17:46

if you snooze you loose.will remove mine..if only i hadn't highlighted the paragraph i could have been a winner!!!!

[bionicdog] 06/1/2010 17:38

Unkucky, 1 minute too late LOL!

[kooba] 06/1/2010 17:37

Cold spell strains UK power supplies

[kooba] 06/1/2010 06:55

There were urgent calls for Britain to build more gas storage facilities tonight after the National Grid warned of temporary gas shortages as demand neared record highs during the freezing weather.

The shadow energy secretary, Greg Clark, accused the government of having its "head in the sand" for failing to ensure that more storage facilities had been put in place over the past decade, and claimed that Britain had just eight days of capacity.

[kooba] 05/1/2010 22:09

ft market report.
"Infrastrata, the former Portland Gas, was marked 10.5 per cent higher at 95½p following warnings that some industrial customers in the UK could be cut off because of a surge in the demand for gas.

Infrastrata is developing a large underground gas storage facility in Dorset and traders said the warning highlighted the need for more storage in the UK"

[kooba] 05/1/2010 14:13

Industry warned of cuts in gas supplies
By Ed Crooks, Energy Editor

Published: January 5 2010 02:00 | Last updated: January 5 2010 02:00

Gas prices soared on Monday as the cold weather forced a warning that some industrial customers could be cut off.

National Grid, which operates the gas transmission network, issued a gas balancing alert, warning large users with contracts that give the option for supplies to be interrupted that they could lose out so that supply could be maintained to households and power stations.

Although a surge in gas supply later in the day eased fears that industrial customers would go short, the strain on the network highlights concerns about Britain's low level of gas storage.

Rough, the country's biggest storage site which accounts for the majority of Britain's capacity, was pumping gas at full pelt, according to Centrica, its operator.

The rise in prices will also come as a further blow to hopes that retail gas and electricity bills will fall again. The price of gas for same-day delivery rose more than 80 per cent at one point on Monday to 62p per therm. Although it fell back later it was still more than 30 per cent higher at 45p per therm in the afternoon.

Gas for delivery the following day rose more than 20 per cent to 45p per therm, its highest level since February last year.

The cold weather, hitting as the country returned to work after the holidays, sent demand rising sharply to about 440m cubic metres, National Grid said. It forecast that today's demand could reach 447m cubic metres, not far off the record of 449m set in January 2003.

Ian Parrett, of energy analysts Inenco, said Britain urgently needed more gas storage. "Since 1990 the need for imports has increased significantly whilst storage has lagged behind, highlighting the growing discrepancy in energy security," he said.

"Worryingly, the recent economic downturn has seen several proposed new UK gas storage facilities shelved."

Wholesale gas prices have fallen sharply over the past 18 months as increased supply in world markets has met plunging demand. Energy suppliers have been arguing that these falls do not justify further cuts in retail prices, and indeed the next move in bills is likely to be upwards.

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i expect more discussion and political support to see the portland project fully funded in the near term.if infa can retain a large minority interest in a fully funded project ,valuation of portland alone should be several hundred million£.
with planning also sort for the islandmagee project very shortly there should be optimism of a sucessful outcome with this support too.

[meljohn] 05/1/2010 10:44

Looks like a bit of resistance at 90p.

[deeppockets] 05/1/2010 10:25

surely all this talk of running out of gas makes this a must do project!!

[mina123golf2] 24/12/2009 05:30

Kooba told us from the Portland board that the big share price fall was due to a forced seller - looks as though he was correct. share price down to 79p but a steady recovery on each of the last 4 days to 87.25p. Now we require good positive news on Larne and a major positive on funding. Then we will be up and running. I am anticipating a profitable 2010 with Infrastrata

[bingham] 23/12/2009 10:35

Creeping back up.

[value viper] 22/12/2009 20:22

nice thread - i fancy these

[bionicdog] 22/12/2009 20:14

Welcome to Infrasrata , the new name for Portland Gas , bringing much needed gas storage to the UK.