ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

INFA Infrastrata Plc

18.125
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Infrastrata Plc LSE:INFA London Ordinary Share GB00BLPJ1272 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 18.125 17.75 18.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Infrastrata Share Discussion Threads

Showing 451 to 468 of 7125 messages
Chat Pages: Latest  21  20  19  18  17  16  15  14  13  12  11  10  Older
DateSubjectAuthorDiscuss
28/1/2014
17:27
The sell-off today seems over-done.
We should not forget that 35% shareholders in the gas storage project are Mutual Energy, the significant mutual company that owns the Scotland to N.I. gas pipeline and the electricity inter-connector. They issued a press release as follows
Previously we were told that BP were committed to funding the first trial well, so as part of their withdrawal one would suspect that there is an equivalent sum of money left in the kitty. As the gas storage facility would be so close to the pipeline it is hard to see it not being built in some form.
In any case this is a company of mkt cap £9.8m with planned drilling in Sept targeting 10m bboe out of 100m bboe in the P1918 license off the Dorset coast, and separately 40m bboe out of 450m bboe in the Larne-Lough Neagh Basin in N. Ireland, with further prospects in the recently granted N.I. off-shore block for later. Debt free, and cautiously run, we might expect farm-out announcements to drive the share price up again in the very near future. DYOR

c2b
09/12/2013
10:03
December 09, 2013
InfraStrata Progresses Its Transition From A One Project Gas Storage Concern In Northern Ireland To An Oil & Gas Explorer
As InfraStrata's final results for the year ending July 31 2013 testify, the AIM listed company has made good progress in transforming itself from a one project gas storage group to an oil and gas explorer. The AIM listed group's results report details important advances in key exploration projects in Northern Ireland (licence PL1/10) and Dorset (licence P1918) while also showing the Islandmagee gas storage scheme in Northern Ireland is moving forward.
Islandmagee is the reason Infrastrata set up its stall in Northern Ireland. Back in 2008 the company, was then called Portland Gas, had what seemed like a ground breaking project in Portland in Dorset in southern England. For various reasons this fell by the wayside but Islandmagee lives on.

Islandmagee Storage (IMSL) is an independent Northern Ireland company and is a joint venture between a wholly owned subsidiary of InfraStrata (65 per cent shareholder) and Moyle Energy. IMSL plans to create seven caverns, capable of storing up to a total of 500 million metres of gas in Permian salt beds approximately 1,500 metres beneath Lough Neagh.

The facility could become a nice earner in time since the whole island of Ireland is dependent on gas for 65 per cent of its electricity generation with 90 per cent of the island's gas imported via agooo single pipeline from Scotland. Islandmagee facility will provide security of supply while being able being able to charge strong prices.

The estimated time scale for the project is approximately seven years, with the first cavern becoming operational within five year period. An important early step is perceived to drill a well to collect samples of the Permian salt to provide the final design parameters for the first caverns. In January 2012 IMSL entered into an agreement with BP Gas Marketing for appraisal of the project and the option for BP Gas Marketing to acquire 50.495 per cent of the equity. During financial year 2012/13 BPGM spent £1.47 million on the project and will fund the forthcoming well. Subject to various regulatory approvals, the well should be drilled to towards the end of 2014.

But the real excitement in the portfolio are the oil and gas exploration projects, particularly those in Petroleum Licence PL1/10 (Central Larne-Lough Neagh Basin) in Northern Ireland. This onshore concession comprises 633 acres which the company considers highly prospective. It is, is in a sense, real frontier stuff. Only one exploration well has historically been drilled in the centre of the basin covered by the PL1/10 licence back in 1971, before any seismic data had been acquired.

InfraStrata has acquired lots of seismic in the past couple of years. Various groups like Terrain and Brigantes (which are long term associates of InfraStrata) as well as Cairn have farmed into the licence. Infrastrata currently holds 43 per cent but may well farm down further to 30 per cent. The licence is considered a drill ready. A well site has been selected and subject to consents being received approvals well should go ahead in the first half of 2014.

The well is expected to cost £3 million. The unrisked P50 prospective resources targeted by the first exploration well have been estimated by the joint venture at 40 mmbo (net InfraStrata 17 mmbo at 43 per cent) an increase on the previous estimate of 25 mmbo following further detailed mapping of the seismic data. This, according to broker Arden Partners increases the materiality of this drilling catalyst for the company. The third operated well in InfraStrata's programme is in its original stomping ground in Dorset. Petroleum Licence 1918 comprises Blocks 97/14, 17/15 and 98/11.

There has been various farm outs here but Infrastrata holds 78 per cent in the planned California Quarry-1 exploration well which is planned on the concession. Infrastrata might farm down further to help costs. As things stand the JV partners believes the target contains 10 million 10 million barrels of oil (as opposed to 100 bcf of gas previously). The well is the currently gaining formal planning permission and a well should be drilled in 2014.

Before any of these wells are drilled InfraStrata could be the beneficiary of a prospect on PEDL201 in Leicestershire, where it has a five per cent in the Burton on the Wolds-1 well. However as this is non- operated and the drill is targeting 4mmbo (net InfraStrata 0.2 mmbo) this should not greatly affect valuation.

In November, the company announced it had been offered two petroleum licences by the Department of Energy and Climate Change in the second tranche of offers for the 27th Seaward Licensing Round. One of the licences covers the offshore extension of the PL 1/10 licence area in Northern Ireland and the second an area adjacent to the P1918 licence offshore Dorset.

The P 1/10 extension could hold 150 mmbo, but at this point it is not germane, again, to any valuation. Arden Partners says the company has reported a strong net cash position of £0.95 million at the end of July, which together with the addition of £0.8 million raised subsequently comfortably finances overheads through to the end of calendar 2014. The broker says its target price inches up from 40 p to 41 p and reiterates its BUY recommendation in anticipation of drilling on P 1/10, P1918 and Islandmagee in 2014. The price on Friday was 12.3p

bionicdog
16/10/2013
19:19
Having the backing of the EC financially is a massive plus and the present climate is so applicable. The company must and can move forward from this very positive position.
sphens
16/10/2013
12:40
oh yes just like Portland.
And what`s happened in the past 8 years, apart from the dramatic fall in share price?????

bingham
16/10/2013
11:49
As requested :

TIDMINFA

RNS Number : 6418Q

Infrastrata PLC

16 October 2013

16 October 2013 For immediate release

InfraStrata plc

PCI status granted to Islandmagee Gas Storage Project

InfraStrata plc (AIM:INFA), the independent petroleum exploration and gas storage company, is pleased to announce its gas storage project under development at Islandmagee in County Antrim has been given 'Project of Common Interest' status by the European Commission. The full text of the announcement made by its subsidiary Islandmagee Storage Limited today is provided below.

"A GBP400million gas storage project at Islandmagee in County Antrim has just been given a major boost by the European Union. The project, which involves the creation of underground caverns in salt to store up to two months' worth of Northern Ireland's total gas requirement, has been given 'Project of Common Interest' (PCI) status by the European Commission and included on a Europe-wide list of the most important energy projects.

'Project of Common Interest' status means recognition by the European authorities that the Islandmagee gas storage project brings benefits not only to the Member State in which it is located, but to a much wider area. It means confirmation that the project is important at a European level.

PCI status is not just a well-earned accolade. PCI status means that the project must be given priority and quick passage by relevant Member States in the permitting process, and cooperation in its development. It also means the project is eligible to apply for significant financial support from the European Union - this may be in the form of direct grant or other forms of financial backing from institutions such as the European Investment Bank.

The Islandmagee project is being developed in a joint venture between lead partner, UK independent oil and gas company InfraStrata plc and local energy infrastructure company Mutual Energy."

Chief Executive of Mutual Energy, Paddy Larkin said,

"We are delighted that the outstanding benefits of this gas storage project have been recognised by way of PCI designation. This shows that the contribution this project can make to energy security of supply and system flexibility in Ireland North and South, and in Britain, has been recognised objectively by Europe. Essentially Europe is saying that this project will benefit energy consumers on these islands and national authorities should ensure that it goes ahead."

Mr Larkin continued,

"This direct message from Europe is timely as perhaps the biggest challenge facing Islandmagee Gas Storage is getting the regulatory environment right for a project that crosses a number of jurisdictions. Europe's support can only help with creating transparent, fair inter-jurisdictional regulation for gas storage. These issues were first consulted on in June 2011 and it is essential that the Regulatory Authorities in the Republic of Ireland and Northern Ireland finally bring this process to a conclusion."

Chief Executive of InfraStrata plc, Andrew Hindle said,

"It is worth noting that this is the only gas storage project in the UK to have been designated a 'Project of Common Interest'. This reflects the very advantageous location at Islandmagee which offers a uniquely favourable geology for gas storage, as well as close proximity to strong points on the gas and electricity networks. PCI status tells us that we have a very worthwhile project and that national authorities should provide all reasonable assistance in its development."

For further information please contact:

alchemy30
16/10/2013
11:36
News out, some big buys !
alchemy30
22/8/2013
00:22
compare vs.EXXI



EXXI has a mkt cap of $2bn and INFA has potentially more reserves than EXXI

INFA potential 150 x upside

Even EXXI is trading 50% below analyst valuation

boisterous
09/8/2013
10:28
I bought rather less early yesterday .. but agree :-) ll
loss-leader
09/8/2013
10:05
bought 475,000 late yesterday 0.5% of the company.

This company is valued at 1% of the in ground reserves value. That is just silly.

boisterous
08/8/2013
13:50
not bad going
ninja 19
08/8/2013
13:21
In auction again this pm. Its nice to see some action! ll
loss-leader
25/3/2013
10:03
Three things new(ish) in the Interims

1)Anticipated drilling in Northern Ireland Q4 2013
2)Anticipated drilling into the gas discoveries off the Dorset coast Q1 2014
3)effectively H.M. Government given notice that the Portland Gas storage project will be abandoned in June this year if they don't come up with proposals before then to encourage our worryingly low level of gas storage which leaves us critically dependant on ships arriving from Qatar


PL1/10 Licence exploration project, County Antrim, Northern Ireland

InfraStrata is seeking a suitable site from which to drill the first exploration well to target P50 prospective resources of 25 million barrels of oil ("mmbo") recoverable (net 11 mmbo to InfraStrata) within the primary Triassic and Permian sandstone objectives. The well will also evaluate the potential of deeper Carboniferous sandstones. As with any new exploration province, the presence of a working petroleum basin carries a high risk and can only be resolved by drilling a well. Success with the first well would have the potential to open up a new play fairway within the licence with multiple reservoir targets in multiple prospects. Subject to obtaining the necessary consents and rig availability the well is anticipated to be drilled in Q4 2013.

InfraStrata intends, if possible, to coordinate the drilling of this well with the appraisal well planned for the Islandmagee gas storage project, which should ensure a more efficient use of drilling equipment on both projects.

P1918 Licence exploration project, Dorset, England

An initial best estimate of the prospective resources for the primary reservoir objective, the Triassic Sherwood Sandstone, is 100 billion cubic feet ("bcf") of gas recoverable (net 78 bcf to InfraStrata). An appraisal well is now required to test the productivity of the reservoir at a depth of approximately 2,500 metres below ground level.

The joint venture partners intend to reprocess 2D seismic data to define the sub-surface target location for a new appraisal well. It is proposed to drill the well directionally from an onshore location to the offshore within Block 98/11 of licence P1918. Subject to planning approval, rig availability and project funding, it is anticipated that the well will be drilled during Q1 2014.


Portland project, Dorset, England

Unlike the Islandmagee storage project, which has greater flexibility, the poor seasonal gas storage market has meant that it is unlikely that the Portland gas storage project will be realised in the near term. Therefore the existing Portland site leases will be terminated at their next break date on 1 June 2013. Should gas storage market conditions improve or the salt production business progress, a new lease will need to be agreed with the landowner, Portland Port Limited.

The Company, through its subsidiary, Portland Gas Transportation Limited, will continue to renew the gas pipeline construction authorisation with the Department of Energy and Climate Change. With successful drilling for gas in the P1918 licence area the pipeline could potentially be used for exporting or importing gas.

c2b
20/3/2013
20:47
Posted on interactive investor today:http://www.belfasttelegraph.co.uk/business/business-news/there-are-450-million-barrels-of-black-gold-in-antrim-if-the-infrastrata-exploration-company-can-find-it-29141931.html There are 450 million barrels of black gold in Antrim – if the Infrastrata exploration company can find it "Based on a seismic survey carried out by Surrey firm Infrastrata over the last two years, geosciences engineers Merlin Energy Resources has said there are "significant potential resources". Infrastrata said it has funding to bankroll exploration of the site and expects to test drill the 'Larne-Lough Neagh basin', running from the tip of Lough Neagh to Larne, with months." ......"Infrastrata's statement is exciting. Because the stakes are so high, oil could transform the Northern Ireland economy and make fortunes for investors.
heyho2
18/3/2013
07:15
RNS - out. 194 million barrels of oil. A whopper!
megabear
11/2/2013
09:49
Britain has shale gas for 1,500 years, but bills won't be lower
Tim Webb, Rachel Sylvester and Alice Thomson
Last updated at 12:01AM, February 9 2013
Britain could have enough shale gas to heat every home for 1,500 years, according to new estimates that suggest reserves are 200 times greater than experts previously believed. The British Geological Survey is understood to have increased dramatically its official estimate of the amount of shale gas to between 1,300 trillion and 1,700 trillion cubic feet, dwarfing its previous estimate of 5.3 trillion cubic feet.


Full article courtesy sheath 10 Feb'13 - 11:06 - 1051 of 1063

Britain could have enough shale gas to heat every home for 1,500 years, according to new estimates that suggest reserves are 200 times greater than experts previously believed. The British Geological Survey is understood to have increased dramatically its official estimate of the amount of shale gas to between 1,300 trillion and 1,700 trillion cubic feet, dwarfing its previous estimate of 5.3 trillion cubic feet.
According to industry sources, the revised estimates will be published by the Government next month, fuelling hopes that new "fracking" techniques to capture trapped resources will result in cheaper energy bills.
It is thought that it will be technically possible to recover up to a fifth of this gas, making Britain's shale rocks potentially as bountiful as those in the US. Experts stressed that it was still much too early to say how much of the gas it would be economic to get out of the ground to heat homes and help to generate electricity.
In an interview with The Times today, Ed Davey, the Energy and Climate Change Secretary, tries to downplay hopes of a shale gas glut in the UK pushing down household heating bills, which are at record highs. "It is not the golden goose. The experts are clear that they do not expect this to have a major impact on the gas price."
The UK Onshore Operators Group (UKOOG), which also represents other onshore oil and gas producers, is aiming to win over public opinion about the shale gas industry, in particular by countering claims that the process of fracking poses an environmental menace.
The shale gas industry is gearing up for a year of intense activity after the Government lifted an 18-month moratorium on fracking in December. The ban was imposed in May 2011 after Cuadrilla Resources, the explorer backed by Lord Browne of Madingley, the former chief executive of BP, set off dozens of earth tremors when it began fracking on sites near Blackpool. The company intends to resume fracking this summer to find out more about the size and commercial potential of its reserves.
Other explorers sitting on vast shale gas deposits will also apply for fracking licences soon. Government officials are preparing to hold an onshore oil and gas licensing round this year which could result in more parts of the UK being opened up for shale exploration.
Fracking involves blasting large amounts of water and chemicals at high pressure into rock to release gas. New horizontal drilling techniques have been perfected in recent years to tap previously unreachable seams of gas and oil in the shale rock.
But environmentalists fear that the technique will pollute aquifers used for drinking water, particularly if seismic activity damages the well and causes the toxic fluids inside to leak. There are also concerns that larger tremors could damage buildings and bridges.
The shale gas revolution in the United States has pushed down energy bills, slashing costs for manufacturers who are now able to compete with rivals in China and undercut those in Britain. Some politicians in this country are eager to try to replicate the success of the US or at least to reduce the need for costly imports.
But the issue has fuelled splits over green energy policy in the coalition, with the Chancellor George Osborne hoping that cheap domesticallyproduced shale gas can power a new fleet of gas plants and reduce the need for heavily subsidised low carbon nuclear reactors and wind farms.
Mr Davey admitted that there are "people in the Government" - though not the Chancellor, he stressed - who think "if only we allowed shale gas to rip, which we are doing, if only we didn't have carbon budgets, the price of gas would go down and energy would be cheaper".

2baffled
08/2/2013
17:35
Looks like another leg up in the offing.
megabear
07/1/2013
11:13
knocked my 50k out this morning. not a bad ride from sub 6p :-))
good luck for the future.

humbugg
01/1/2013
16:19
Deadline for these two oil stock competitions is midnight tonight...


Happy & Exciting New Year to All!!!!!

fb

flyingbull
Chat Pages: Latest  21  20  19  18  17  16  15  14  13  12  11  10  Older

Your Recent History

Delayed Upgrade Clock