Infrastrata Share Discussion Threads

[bibs] 06/8/2018 14:39

Much, much more to come !!Like that bit.

[hazl] 06/8/2018 14:31

SOMEUWIN TALK ON TWITTER AS WELL

[bibs] 06/8/2018 14:16

Nice post some.
Looking forward to with interest.

[someuwin] 06/8/2018 14:14

Malcy...

Infrastrata

Infrastrata has popped up on the radar screen a bit lately and today announces that the FEED on its Islandmagee gas storage project in County Antrim, Northern Ireland has now over 50% of its pre-established milestones and is on schedule for delivery no later than December 2018. With the commercial side running in parallel with the operational side it obviously means that progress towards FID should be very swift.

The board has been continually strengthened since I first wrote about it some time ago and much has changed, shareholders should be extremely happy at what has gone on so far but there is much more to come. COO John Wood has now a substantial stake in the company where he is driving operationally excellent performance and importantly top quality partners throughout the process. I am meeting with the company next week, it looks like they may just have their ducks in a row.

[bibs] 06/8/2018 13:58

MD, wait for the warrants to clear first ; )Think we will be pushing further north in any case.Slowly does it is fine by me.In until 2022 all being well (and beyond if dividend is attractive).

[big7ime] 06/8/2018 09:43

I'm in for an initial holding. Will now up the research and also look for negatives
With a view to increasing. Chart wise, I've never seen better.

[hazl] 06/8/2018 08:56

Hey....great news!
Not much time on the web today but pleased to see continuing momentum.

[euclid5] 06/8/2018 07:48

The Company has also been in contact with the EU to seek opportunities for further grant funding towards the cost of the construction works by virtue of its "Project of Common Interest" status. Should the Company be able to take advantage of any other EU grants, further announcements will be made as applicable.

"In advance of the Final Investment Decision (FID) before the construction phase can begin, the Company has commenced discussions with a number of major EPC (Engineering Procurement and Contracting) organisations and will be inviting those organisations to issue an EOI (Expression of Interest) for Phase one of the construction project which focuses on the initial two caverns. The chosen contractor will then work on preparing a priced contract in the coming months. This process is being undertaken in compliance with the procurement process stipulated by the Company's EU grant.


Discussions are ongoing with several potential funding partners within the UK, Europe and internationally. The Board considers that the broad range of potential funding partners and their geographic spread demonstrates the global need for and attraction of gas storage. Such funds would complement the funds available under the UK Guarantee Scheme and the Company continues to utilise the services of CBRE Capital Advisors which has a proven track record of raising capital and working for major financial institutions as financial advisor on large infrastructure projects.



As previously announced, the Company has held detailed discussions with major gas storage and trading companies with a view to securing an offtake partner for the facility, once it has been constructed, and these discussions continue to progress well with the investment decisions, commercial returns and duration of the relationship being clearly understood by all parties. Further updates will be made as appropriate.

[boxerdogz] 06/8/2018 07:19

I suspect a another Blue day here GLA great updates

[mirabeau] 06/8/2018 07:13

Go on my son!

More Director purchases

and a confident update -

[boxerdogz] 05/8/2018 10:32

Great posts Mirabeau . All the pieces of the Jigsaw are there and he bigger picture is coming together in a very positive way, the market has started to catch on BUT this is just the start .......look fwd to the coming weeks / months / years in this stock

[mirabeau] 05/8/2018 09:58

'This Action was part of the Project of Common Interest (PCI) 5.1.3
Development of the Islandmagee Underground Gas Storage (UGS) facility at
Larne (Northern Ireland), which aims to improve the security of supply and
increase the amount of flexibility available in the gas markets of Great Britain,
Northern Ireland and the Republic of Ireland. It also enables greater
interconnectivity across these three neighboring markets, while supporting
the achievement of national renewable and carbon reduction targets. The PCI
concerns the development of a salt cavity gas storage facility located in Larne,

UK and will provide a working gas volume of 500 million cubic meters (mcm)
and allow for a withdrawal capacity of 22 mcm per day and injection capacity
of 12 mcm per day.

The goal of the Action was to obtain salt core samples and related data to
confirm the feasibility of the Permian salt layer for the creation of
underground salt caverns and the delivery of an updated basis of design for
the surface facilities.

The outcome of the Action has confirmed the feasibility of this development of
an underground gas storage facility in salt caverns and confirmed the
economic viability of the project.'

-

The final paragraph is enough to convince me that what we need now is debt and equity finance and we're off to the races

[mirabeau] 05/8/2018 08:47

Understand the politics involved here. The EU consolidate and indeed expand their influence by constructing energy transmission networks between EU member states and indeed between EU and non-EU member states.

The EU will be working overtime to achieve the above before Brexit, whatever form that may take, takes effect. Momentum is key here.

Ireland and N Ireland will be pivotal in how the EU leverage their influence over the UK and the UK's future relationship with the EU.

Pulling Ireland and N-Ireland (part of the UK but physically separate) together under one energy market allows the EU to divide and to a degree conquer the UK

Though I don't believe the UK will weaken their commitment to an all-Ireland energy market anyway when Brexit does occur, whenever that may be

[mirabeau] 05/8/2018 08:30

The Moffat entry point project should be completed by November 2018. Look at the final paragraph below - changing Moffat from uni-directional to bi-directional represents a 'significant enabler for the development' of INFA's project at Islandmagee.

INFA's project go-ahead is I believe nailed on as it's now seen by the EU as a fundamental component of the gas transmission network for the island of Ireland. Security of supply to an EU member state is sacrosanct

'The Action is the next logical step in the PCI development and it represents a significant enabler for the development of the Islandmagee Underground Gas Storage (UGS) facility in Northern Ireland (UK) (PCI 5.1.3).'




Physical reverse flow at Moffat interconnection point (IE/UK)

The Action contributes to the implementation of Project of Common Interest (PCI) 5.1.1 "Physical reverse flow at Moffat interconnection point (IE/UK)", which aims to allow reverse flow of gas between Ireland and the UK, by building a compressor station in Ireland and deodorisation facilities at Moffat in Scotland, UK. This would enable bidirectional flow of gas from Great Britain to Ireland and for the first time from supply sources in Ireland to Great Britain.

The objective of the Action is a comprehensive multi-disciplinary study (including Pipeline Routing & Environmental screening, Networks Analysis Modelling, Conceptual Engineering and Design, Preliminary Planning Stakeholder consultations and Financial Viability analysis), which will assess all aspects of the proposed project to facilitate physical reverse flow between Scotland (Moffat) and Ireland.

The Action is the next logical step in the PCI development and it represents a significant enabler for the development of the Islandmagee Underground Gas Storage (UGS) facility in Northern Ireland (UK) (PCI 5.1.3).

Member State(s): Ireland
Implementation schedule: May 2017 to November 2018
Maximum EU contribution: €925,000
Estimated total cost: €1,850,000

Beneficiaries:

Gas Networks Ireland - hxxp://www.gasnetworks.ie/
Status: Ongoing
Energy corridor: North-South gas interconnections in Western Europe

Last modified: August 2018

-



and then take a look at the above link. The diagram clearly shows a 'gas storage' facility.

-

making the SNIP and Moffat uni-directional is essential to the development of the INFA project enabling the construction of a system that will enable a market in gas to be developed (bringing down gas prices through competitive bidding) and also contribute to security of supply in Ireland

[mirabeau] 04/8/2018 14:11

Ireland's push to increase renewables (inherently intermittent) sources will only serve to increase the importance of gas (continuous and provides a safety net). Gas storage in this system will become vital as part of the island of Ireland energy transmission network.

The uncertainty of Brexit only adds to the importance of supply security

enuff

[mirabeau] 04/8/2018 12:54

The description below of IMSL reinforces in my mind the importance of the project to the island of Ireland as it moves forward to creating a low-carbon, gas based all-Ireland economy -

PCI Promotor: Islandmagee Storage Limited (IMSL)
PCI Status: Existing PCI Project 5.1.3. Successful on both 1st and 2nd
PCI Lists (2013 and 2015).

Project Description:

Development of the Islandmagee Underground Gas Storage (UGS) at
Larne, Northern Ireland.

Project involves:
Creation of 8 salt caverns, capable of storing up to 420 mcm of gas
Estimated Cost: c.€350m
Capacity Increment: withdrawal capability 22 mcm/d and injection 12 mcm /d. Capable of multiple cycles (>2) per year.
Project State and Commissioning Date:
The project is in the post “Permitting Phase” all key permits and consents have been granted.
Commissioning Date – phased facility part operational by 12/2021.
•
Category of Gas Infrastructure:
Underground Storage Facility (UGS)
Assessment Criteria: (Art.4 of TEN-E Reg.) Project is necessary for NSI West Gas Corridor

Potential overall benefits > costs
–
market integration through lifting isolation and improved
system flexibility / increasing security of supply through appropriate connections / supporting intermittent renewable generation

Project is located on territory of one Member State and has a significant cross-border impact to ROI

-

[mirabeau] 04/8/2018 12:48

Bored already





Project Description: Upgrading existing line to allow physical reverse flow of gas between Ballylumford and Twynholm. Required to facilitate Islandmagee Gas Storage Project

Project involves: installation of bi-directional compression on Scotland to Northern Ireland Pipeline

SNIP survey work to start




Thurs - 16 July

Survey (nearshore and offshore work) started on the SNIP - between 14-24 Aug and 18-28 Sept

[spudtheplumber] 03/8/2018 22:49

L&G (infa shareholders) investing £200mill in the "gas to the west" infrastructure project in Northern Ireland!I'm guessing they are aware of Islandmagee gas storage project......

[spudtheplumber] 03/8/2018 22:46

HTTPS://realassets.ipe.com/news/lg-backs-northern-irish-gas-project-with-200m-financing/realassets.ipe.com/news/lg-backs-northern-irish-gas-project-with-200m-financing/realassets.ipe.com/news/lg-backs-northern-irish-gas-project-with-200m-financing/10026061.fullarticle

[spudtheplumber] 03/8/2018 19:08

For me, the COO (in charge of FEED) wouldn't have bought over 3% if it wasn't game on!

[113mike] 03/8/2018 18:29

Thanks Spud. Looks and sound's good for the medium/long term. Topped up earlier today and with IIP too!

[spudtheplumber] 03/8/2018 18:24

So should be a very busy summer