Infrastrata Share Discussion Threads

[chrismez] 30/11/2010 15:35

seller - although I might have to revise that down to 1p after today's fall !!

[holism] 30/11/2010 14:26

buyer or seller?

[chrismez] 26/11/2010 15:20

5p anyone ?

[eacn] 26/11/2010 13:07

Re: today's RNS. Hindle's summary is accurate: there is an "unforeseen" glut of LNG courtesy of unconventional gas plays in the US and weak European demand. The economics of gas storage don't make sense in the short to medium term for anyone other than the domestic suppliers, most of whom already have access to storage or have in-house gas storage options (i.e. projects that they own outright and are already developing or can develop in due course). For investors, who generally take a short to medium term view, gas storage currently makes no sense.

Gas storage takes a long time to develop and is a long term investment. HMG realises that if the current investment environment persists the UK could see significant hikes in gas prices in 5 to 10 years time, particularly in cold winters. That may ultimately force HMG to introduce regulation to require that the industry develops gas storage.

Without regulation INFA's prospects for the next 2 to 3 years are poor. Even with regulation to promote gas storage investment there is a danger that HMG could place price caps on storage charges, limiting the upside for INFA shareholders.

The downward pressures on the share price are considerable, with a significant overhang of stock. Planning in Ireland may provide a brief fillip, as would further news on funding, but neither event is likely to break the downtrend.

[kooba] 26/11/2010 10:31

spoke to the ceo recently obviously nothing knew [price sensitive] wait for results for strategy and funding gameplan but sensed a determination and commitment to turn this around and am taking a 12 month view, the company needs a more favourable industry backdrop and they could be an absolute bargain... as you say don't think shares should drop any further that doesn't mean they won't but wanted to make a print here.

[mina123golf2] 26/11/2010 10:02

Kooba With respect - having bought another 100000 shares you are already having a go!!!!! I wish I shared your confidence OR is it more the share price cant drop any further - the only way is up?

[kooba] 26/11/2010 08:48

picked up 100k...theres still a big seller about but this is starting to be option money...a cold winter and everyone will be talking lack of gas storage again and this time maybe the govt will act to make suppliers store percentages of sales or at least offer some support for storage projects..may add if i see a line go through or wait until figs as you suggest mina123golf2 before i really have a go.

[mina123golf2] 26/11/2010 08:03

Wait for the finals on 14th Dec - that will be the defining moment for INFA (and me). I believe that we will then know once and for all if there is indeed any future in this company. With the share price now at 15p it is certainly questionable. What the hell went wrong? - the UK is still critically short of gas storage faciliites - we are sitting on a site with approvals etc etc and have screwed up because apparently our BoD do not have the skills required to raise the finance - remember it was only £450m - not a huge sum by todays standards. EACN are you still out there??? If so, how do YOU see the future for this company.???

[chrismez] 24/11/2010 16:46

5p anyone ?

[kooba] 19/11/2010 19:35

hopefully things will be clearer and the shareprice higher once we have the finals...i certainly hope so!
InfraStrata plc (AIM:INFA) the independent gas storage company today announces
that its final results for the year ended 31 July 2010 will be released on 14
December 2010.

An analyst meeting will be held at 9.30am on 14 December at Buchanan
Communications, 45 Moorfields, London, EC2Y 9AE.

[mina123golf2] 19/11/2010 19:20

Thanks for the clarification re Islandmagee Kooba. At 18p you would think that money could be made and the bottom had been reached BUT I said that when the share price was 24p.You cant help but feel that with so little finance around and such as it is belongs to eCorp, INFA are not exactly in the strongest of positions to do very much. How things have changed since the EDR days when planning permission was granted by DCC

[kooba] 19/11/2010 18:44

glad my lifes not like the infa shareprice...would top myself!!

[bionicdog] 19/11/2010 18:33

But in general it's on a downward spiral.

[clearsoup] 19/11/2010 17:56

Life is like the INFA share price: it has its ups and downs.

[kooba] 19/11/2010 16:16

ecorp deal on islandmagee not consummated...still mou stage.

Discussions are continuing on the Islandmagee Storage Project, and eCORP, the
Company and its partner Mutual Energy have agreed to extend the terms of the MOU
until 30 April 2011, but on a non-exclusive basis.

Under the MOU and subject to agreement, eCORP retains an option to acquire an
interest in the project company, Islandmagee Storage Limited ("IMSL") on terms
specified in the MOU. Should eCORP proceed with an investment in IMSL, eCORP
would acquire 40% of the share capital of IMSL in return for funding the project
through to the Financial Investment Decision point and paying Infrastrata and
Mutual Energy a sum of up to GBP5m if the project proceeds to development. In
addition, eCORP would refund all of the project development costs incurred by
IMSL to the date of completion (these have been funded solely by Infrastrata).


so we still have 65% interest as things stand.

not sure what this adds value wise but it is hardly a negative.if they can get some encouraging initial data they may be able to farm out for a free carry on some drilling...but currently do not have the resources to go it alone.
still hoping the finals due shortly will give some much needed clarity on the company's strategy going forward...have bought 25k @ 17p today and may continue to nibble at these levels.

[holism] 19/11/2010 09:17

And we pay Hindle how much?

[scruff1] 19/11/2010 08:33

Looks like the gas storage gone and we are back to mining. May as well change our name to Egdon. Are they worth more than us now? Can't be much difference.

[kooba] 19/11/2010 07:52

can't find anyone interested in storing the stuff lets see if we can actually find some gas ourselves!! oh well another string to the bow hope they can fund the research work without further dilution...finals should nake it clearer.

19 November 2010
For Immediate Release 19 November 2010
InfraStrata plc
("InfraStrata" or the "Company")
InfraStrata offered petroleum exploration licence in Northern Ireland
The Directors of InfraStrata plc (AIM: INFA), the independent gas storage and infrastructure specialist are pleased to announce that the Company has been offered a petroleum exploration licence over the central part of the Larne-Lough Neagh Basin in Northern Ireland. The offer is in response to an application made to the Department of Enterprise, Trade and Investment ("DETI") in Northern Ireland in August 2010. The Company expects that DETI should be in a position to issue the licence in the New Year after it has completed the drafting of the terms and conditions of the licence, taking into account the outcome of its consultation with other Departments and agencies. The initial licence term will be five years with a decision on drilling a well required within two years. InfraStrata is the operator of the licence with a 50% interest.
The licence covers an area of 663 square kilometres, and the existing Islandmagee gas storage project is located within the boundary.
The Larne-Lough Neagh Basin contains reservoir targets within the Carboniferous, Permian and Triassic sequences. The basin is relatively under-explored as it is covered by Tertiary basalts of up to 600 metres thick. The Company believes the area holds significant untapped potential and the recent developments in seismic acquisition and processing techniques developed for exploration below thick basalt sequences West of Shetland, and elsewhere, should enable effective exploration in Northern Ireland.
Commenting on the licence, Andrew Hindle, CEO of Infrastrata said:
"We are excited by the prospect of this award in Northern Ireland, which would extend our existing activities in the region. During 2010, we took the decision to focus our resources on the UK gas market, and to enhance our existing gas storage business within our two core areas. This includes conventional and unconventional petroleum exploration, where we can use our existing geological and geophysical knowledge and databases to leverage initial funding for the projects. The news today demonstrates this commitment and we see an excellent strategic fit between gas production and storage in close proximity to each other.
Seismic data would be acquired during 2011 and it is hoped that interpretation of this data will lead to an exploration well being drilled within two years. Ideally such a well could form part of a programme to include drilling for the Islandmagee gas storage project, where we hold a 65% interest, subject to the granting of planning permission for that project."
For further information please contact:
InfraStrata plc
Andrew Hindle, Chief Executive Officer 020 8332 1200

[mina123golf2] 18/11/2010 12:00

16p?? This has now become a basket case. It is very difficult now to see where any value remains in this company. The BoD have much to answer for but probably wont.Clearly investors are singularly unimpressed with the intervention of ecorp and their paltry £22.5m. Not sure I agree with you Kooba that all is not lost.

[kooba] 17/11/2010 13:18

nope...don't do charts do asset values and this is now trading at a huge discount and no debt.the ecorp deal values their interest in portland alone at £22m and although the european assets may be of little worth islandmagee definately has value..even greater with planning in place.with the next phase of developement for portland funded the company should have cash at hand to cover overheads for a couple of years.all is not lost...but a lot is!
at 5p i would take it private myself!

[chrismez] 15/11/2010 22:37

Guys - I wouldn't know what weakness is with this anymore.

Making new lows and intra day lows every day. No floors left now it seems.

Not exactly in freefall but looks like it's teetering and could very well fall over!

Anyone for a short down to 5p? !!

[kooba] 15/11/2010 21:44

hello mina123 no actually ditched most of the recent purchase at 24p after the update for a small turn because was not pleased with the lack of progress with ecorp on the non portland assets.have had some contact with the company and will reassess my position when the final results are released shortly.still think there is value here but need clarification of how finances stand without the ecorp refunds...if no prospect of dilution and a clear plan going forward on cap ex then will probably start building my position again on any weakness.

[mina123golf2] 15/11/2010 21:19

Keep on waiting for an entry point. Thought INFA had bottomed out at circa 22p but it managed to drop to 18p today, before closing at 19p - you do wonder how low this will actually go. Kooba are you still buying by the thousands???,