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INFA are not the only guys peddling their SBUs out there. It’s competitive between at least two other projects and some may be comparing and contrasting who they invest with either on an equity or capacity basis or both. I would expect that as there is no apparent exclusivity partner that there is some kind of tender process with a deadline of sorts but this isn’t clear. An RNS at least providing a description of the process(es) would be helpful as for all we know this could have ground to a halt which we hope isn’t the case. I think if INFA BOD haven’t updated the market by month end and certainly end Q1 then investor patience may start to wear a little thin.
From 27th December rns
"The Company remains in negotiations with various parties and although approaches have been made to enter into exclusive arrangements, the Board has rejected these advances at this point in time."
Approach has been made for exclusivity
I think comes chiefly from Halite & Keuper but this is the only one that can integrate NI & GB gas trade and it can expand with further caverns to incoroporate ROI which is a bigger prize
Nobby I have no doubt although INFA are the only ones in Uk and Ireland to have completed their FEED. I’m pretty sure those in financial discussions would feel more comfortable with a completed feasibility study in hand and all permits ready to go than with those who don’t. The location itself and timing is also rather strategic.
As stated before," no news is probably good news"! at the present delicate time. Yes, we could end up with failed negotiations as with any commercial enterprise and that scenario would be devastating in the short term for us all investors big and small and for the confidence in the project ...BUT there is a lot going on behind the scenes with a long term view being taken and sought ....and sorting out all the complexities of that just takes time .Am confident that a positive share boosting RNS WILL come very soon !
heres a bit of news (in an excellent article) about the parlous state of NI energy sector, it's totally mad. (Coolreekagh is gas, Kilroot is coal)
https://www.belfasttelegraph.co.uk/business/analysis/john-simpson-kicking-can-down-the-road-puts-power-supply-at-risk-37820830.html
think the planned new Belfast gas plant mentioned is evermore energy's one on 13 acres in Belfast harbor, yet to be constructed, lush too!
http://evermoreenergy.com/belfastpowerstation/