Data sharing agreement signed

RNS Number : 6497N

Infrastrata PLC

01 February 2016

 

1 February 2016                                                          

InfraStrata plc

("InfraStrata" or the "Company")

Data sharing agreement signed

The Board of InfraStrata plc (AIM:INFA), the independent petroleum exploration and gas storage company, is pleased to announce that it has concluded an agreement for the sharing, interpretation and integration of data in respect of proprietary data in Northern Ireland acquired by InfraStrata for the Islandmagee gas storage project. The consideration for sharing this data is £500,000 in cash, payable to InfraStrata immediately. This follows a similar data agreement announced in January 2015. These funds will be applied towards the Company's 2016 work programme, central to which is the monetisation of the Islandmagee gas storage project.

For further information please contact:

InfraStrata plc

Andrew Hindle, Chief Executive Officer                                                               020 8332 1200

Stewart McGarrity, Finance Director

Nominated Adviser and Joint Broker - Allenby Capital Limited

Jeremy Porter / Alex Brearley                                                                          020 3328 5656

Joint Broker - VSA Capital Limited

Andrew Raca/ Richard Buckle                                                                          020 3005 5004

Notes to Editors:

Background on InfraStrata plc

InfraStrata is an independent petroleum exploration and gas storage company focused on Northern Ireland.

Further information is available on the Company's website www.infrastrata.co.uk.

 

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