Infrastrata Share Discussion Threads

[spudtheplumber] 09/8/2018 12:26

MNothing's changed with infa mate!

[big7ime] 09/8/2018 12:26

Happens to me all the time, that's shares and you shouldn't beat yourself up about it. Daily short term movements are meaningless and should be used to increase if the story hasn't changed. This is why I Build a holding over time rather than second guess the best time to load up a whole position. Look at the chart and you realise it never goes up in a straight line.

[bibs] 08/8/2018 15:18

Busy masoning old stone setts on my driveway, so missed the finer detail there BD - apologies.

[bibs] 08/8/2018 15:06

Be nice to see it mopped up by IIs as a matter of course.

[boxerdogz] 08/8/2018 15:01

Its a sell trade Bids ( at 13:50 Time ) impatient seller no doubt

[bibs] 08/8/2018 14:54

Nothing like a delayed 4 million trade to halt those with slippery fingers! lol

[mirabeau] 08/8/2018 09:56

Eventually, it all comes down to supply and security of supply. Those risks are slowly being priced in. Without storage (supply threats increase) those peaks and troughs become exacerbated at times of network stress (The Times today reports that over 50% of the cost of energy provision is the cost of the network transmission fees)...

The island of Ireland is in need of a more efficient and accommodating network of gas supply



Irish families pay among the highest energy bills in EU

Charlie Weston

August 8 2018 2:30 AM

Householders in Ireland are paying some of Europe's most expensive energy prices, official figures reveal.

We have the second most expensive gas in the European Union, with domestic electricity prices the fourth highest in the union.

The data also does not take account of price rises imposed by six energy companies in the last few days.

Figures from statistical body Eurostat show electricity prices in Ireland are more than 20 cents per kilowatt hour.

Only Belgium, Denmark and Portugal have higher charges in the EU and prices here are also far higher than in non-EU countries such as Iceland and Norway.

In the EU, only Sweden has more expensive gas than Ireland's, which costs just under 10 cents per kilowatt hour. Prices are cheapest in Romania and Bulgaria at around four cents per kilowatt hour.

Consumers here pay €534 more a year than those in the UK for gas, and €165 more a year for electricity, according to calculations by price comparison site Bonkers.ie.

Energy prices remain high here even though the Corrib Gas Field in Co Mayo is now supplying 60pc of the gas used in the State. Most electricity generation uses gas.

The start of this month saw a raft of energy price increases for electricity and gas come into effect.

Electric Ireland, Energia, Flogas, Panda Power and Pinergy raised their prices at the start of August, with PrePayPower and Bord Gáis following up with price increases last week.

Some householders will see their energy bills rise by as much as €200 a year.

Suppliers have blamed a jump in wholesale energy prices on international markets.

Daragh Cassidy of Bonkers.ie said energy prices here are out of line with the rest of the EU.

He said: "The latest figures from Eurostat will be hard for energy customers in Ireland to stomach, particularly as we've just seen a raft of price increases from the energy suppliers.

"Things like wages and business overheads also get factored into the price of supplying energy and these costs are also far higher in Ireland than in many other European countries."

Irish Independent

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INFA find itself in a sweet spot...

[big7ime] 08/8/2018 09:46

Thanks Mirabeau, I look fwd to reading his article and may increase

[m1sak] 07/8/2018 22:45

Thanks Spud.
I agree, there is a lot of space out there!
More is more..

[boxerdogz] 07/8/2018 21:07

What I love about this share Spud is there are so many potential outcomes , all with their each and own very positive outcome for shareholder added value in the multiples.

Being a company in UK is also of added derisk as oppossed to some of the AIM stocks out there ( AST to mention a prime candidate of today )

Plenty in the mix to get excited about as you well know and not reliant on just one , say , oiler drill coming good.

Plenty of other majors out there will have a eye on this project , mark my words. Very much ripe for takeover, Stake-Holders , partners etc etc etc, The list goes on and on.

The more the year progresses the more the share price rises \( steady as she goes ) with yesterdays RNS and the COO invested heavily I sleep very well at night

[spudtheplumber] 07/8/2018 21:03

Frame 13 from the 2018 presentation shows the scale of the planned caverns compared to the size of the loch.

I think my twice the size guess could be conservative

[spudtheplumber] 07/8/2018 20:47

M1SAK

Larne Loch is huge and it wouldn't surprise me if there was room to double the planned storage (calculated guess by myself fwiw)


The beauty with adding additional caverns is the "only" cost involved is the mining of the cavern.
The gas plant, brine pumping station, pipeline's etc would all be in place

[mirabeau] 07/8/2018 20:27

5 Aug 2018


part edited -

'Mr Kelly believes the new deal will lead to more LNG plants being built in Europe and he is optimistic this will include the Shannon LNG plant at Ballylongford/Tarbert.

“As part of the agreement on tariffs and trade, Commission President Jean Claude Juncker gave a specific commitment to President Trump that the EU would build more LNG terminals to import and store natural gas from the USA,” Mr Kelly explained, “ Mr. Trump strongly criticised the EU during his recent visit for over-reliance on natural gas from Russia because the USA has an abundance of LNG for export.”

“There are projects planned already which are known as PCIs, projects of common interest, which would include LNG terminals. That means if we are going to take in more LNG from the US, then we must complete PCIs and one of those is Shannon LNG,” he continued.

[mirabeau] 07/8/2018 18:45

'Costain has been a prominent player in the development of gas storage projects in the UK, working with a number of European utility majors on gas storage projects in depleted fields and salt strata.'

[mirabeau] 07/8/2018 18:11

4.2
Ireland has no dedicated gas storage facilities

The Southwest Kinsale reservoir, operated by Kinsale
Energy, was used as a gas storage reservoir since
2001. The storage capacity of the facility was about
230 million cubic metres (equivalent to about 18 days’
supply). Kinsale Energy ceased gas storage operations
in April 2017 and the remaining cushion gas is now being
produced. Kinsale Energy is currently working on a plan
to decommission the Kinsale Area gas fields, including
the gas storage facility, commencing in 2020/2021.

A 2012 IEA review recommended that Ireland should
consider a cost-effective fiscal investment framework to
facilitate the commercial development of offshore gas
storage facilities recognizing the benefits to Ireland’s
security of supply concerns and put in place the
necessary legislative framework.

A 2016 CER assessment report noted that in the cold
periods of January and December 2010 a combination
of production and storage gas from Kinsale contributed
to 16% of Ireland total demand. Without this source of
gas, the Moffat entry point would have been strained and
unable to deliver the gas required to meet demand.
The closure of the Kinsale gas storage facility means
Ireland has no gas storage. Countries in Western Europe
have an average of 100 days’ gas supply in storage.
Austria has over a year’s supply of gas in storage. See
table in Appendix 2. Ireland is the only country in Europe
without gas storage, despite being quite remote from the
main gas hubs in Europe and with less interconnection
than most other countries'

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This explains why the EU is pushing Islandmagee and providing grants to get it up and running - with Brexit on the horizon the concerns about security of supply will only serve to increase EU concerns though I don't believe the UK will disengage

Islandmagee, when constructed, will be the largest gas storage facility in the UK. It could become a vital hub during times of network stress

[mirabeau] 07/8/2018 17:52

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I'm not an expert in warrants, their exercise and how they impact the share price but I suspect they can represent a weight on the price in the short-term - I think that's what we're seeing now...we should see a spring in price once this warrant episode is out of the way considering the fundamental (company) progress being made in the real world as opposed to the digital world of stock prices

[big7ime] 07/8/2018 17:32

Do you have a link to where we can read his report next week?
If his audience is very big, it could be a a further boost to the sp

[boxerdogz] 07/8/2018 15:39

Note the bid ticked up on sell orders. MM ain't stupid they understand the long term trend and happy to buy.

[bibs] 07/8/2018 12:33

I like a lull, gives the serious time to digest the facts, which are available now in abundance. Some great posters both here and on LSE.Wonder if / when CEO will further invest?I'd be very surprised if we have to wait until September / October for further interesting RNS (s)?

[mirabeau] 07/8/2018 07:42

Yes, it's an intriguing prospect that INFA's introduced into the mix. To even suggest a possible expansion is in itself surprising and must surely reflect a certain degree of expectation on the part of management. Maybe management is in receipt of expressions of interest and that this has prompted their desire to see the project expand beyond already stated parameters

Brexit has injected urgency into the whole area of security and gas supply for the island of Ireland. The EU will now be pushing to increase inter-connectivity between the UK and the Ireland gas markets to tie-in the UK to a set of arrangements. This urgency can only play into the hands of INFA

The upgrade of Moffat to bio-directional status is a precursor to the construction of Islandmagee storage. It's obviously all tied-in and intended to create some form of expanded network to improve security, supply and a better market for gas pricing

In the long term Ireland is totally energy dependent on the UK. This dependency will drive inter-connectivity and elevate the importance of gas storage on the island of Ireland

Just my novice, naive musings!

We shall see what happens.

[spudtheplumber] 07/8/2018 07:14

Great update yesterday

Wonder what a phase 3 will do to the future economics of the project?

[mirabeau] 07/8/2018 06:19

'find ways of storing the fuel' -

Islandmagee's importance in the island of Ireland's gas network will continue to grow as time passes - No wonder the EU is funding the project along with turning Moffat Entry to bi-directional - allowing better flows, increased integration and better pricing -

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Now is the time to tackle the looming natural gas crisis

Ireland is nearing a time when we will have to rely on the kindness of strangers for supplies of natural gas
about 2 hours ago



The Irish Academy of Engineering is not a body given to over-reaction or wild predictions. In fact, the organisation behaves much like the professionals in its ranks, carefully assessing problems before proposing solutions.

So when its latest report, Natural Gas Essential for Ireland’s Future Energy Security, makes it clear there are risks looming for supplies of a key fuel, policy-makers should pay attention.

The academy makes it clear that we are nearing a time when we will have to rely on the kindness of strangers for supplies of natural gas, an important fuel in this country that is responsible for half the electricity we use.

At the moment, the Corrib Field provides 60 per cent of what we use, while Kinsale adds 5 per cent. The rest comes from the North Sea via Scotland. Corrib is beginning to decline, while Kinsale is almost empty. By 2030 those pipes from Scotland will be our only source of natural gas.

By then the North Sea will be running out of gas, meaning Britain will have to import much of what it needs, and we will, in turn, have to import from them, putting us at the end of a supply line stretching all the way to Russia and Qatar.

In order to maintain control the Irish Academy of Engineering says that we will need to try to find more natural gas, find ways of storing the fuel and by importing it directly ourselves to a liquid natural gas terminal.

This is arguably the toughest proposition. It will involve building a large industrial facility which will automatically meet resistance. It will also take a long time, possibly five to 10 years from drawing board to completion.

Governments are generally not interested in projects whose benefit may not be recognised for a decade. They also shy away from anything with the potential to generate a planning row. As a result, we will only end up tackling the potential crisis in gas supplies when it becomes an actual crisis, by which time, of course, it will be too late.

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