The Directors of InfraStrata are pleased to announce that at the Annual General Meeting held at the offices of Buchanan Communications at 11.00 am on 24 January 2012 all resolutions put before the meeting were duly passed.

At the meeting the Chief Executive Officer presented an operational update which is now available on the Company's website.

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InfraStrata plc (AIM:INFA), the independent gas storage and petroleum exploration company, is pleased to announce that its wholly owned subsidiary, InfraStrata UK Limited (“InfraStrata”), together with Moyle Energy Investments Limited ("Moyle"), has entered into agreements with BP Gas Marketing Limited (“BPGM”) regarding the appraisal of the Islandmagee gas storage facility development project in County Antrim, and the grant of an option to BPGM to acquire a 50.495% equity interest in Islandmagee Storage Limited ("IMSL"), the gas storage developer in Northern Ireland currently owned by InfraStrata (65%) and Moyle (35%). Should the option be exercised InfraStrata’s equity interest in IMSL will become 32.178% and the remaining 17.327% will be owned by Moyle.

Under the terms of a Joint Appraisal Agreement, BPGM has agreed to fund the activities necessary to develop the project up to the point where a decision can be made on whether to proceed with a detailed engineering design. The greatest item of the expenditure during the appraisal period, is the drilling of the first well. The drilling of the well is subject to IMSL being granted satisfactory planning permissions and other key consents and approvals for the project, and a regulatory and operational framework being adopted by the Northern Ireland and Republic of Ireland authorities to facilitate commercial operations of the facility on a level playing field with storage elsewhere in the UK and Ireland.

During this appraisal stage of the project, BPGM will be responsible for managing surface and sub-surface engineering matters. IMSL will be managing the planning, regulatory, land and stakeholder relations together with drilling and operating the well.

In consideration for the work undertaken in developing the project to date, IMSL will receive an amount of up to £400,000. £200,000 was paid on signature of the Joint Appraisal Agreement and a further £200,000 will be paid if planning permission for the project is granted. These funds will be used to repay a portion of the InfraStrata loan account to IMSL.

Commenting on the agreements, Andrew Hindle, CEO of InfraStrata plc said:

“We are delighted that BPGM will be working with InfraStrata and Moyle to develop the project through its next important stage. The BPGM team brings considerable commercial skills to the project and, most importantly, experience from the construction of salt cavern gas storage in continental Europe.

Assuming planning permission is granted in the first half of 2012, it is hoped that the well could be spudded before the end of the year.

The announcement today represents an important milestone for the Company and recognises the considerable effort that the InfraStrata and Moyle teams, and their consultants, have expended over the past four years.

It is also an important milestone for the Northern Ireland gas industry bringing the development of its first gas storage facilities, with significant security benefits, one step closer to realisation.”

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InfraStrata plc (AIM:INFA), an independent gas storage and petroleum exploration company, is pleased to announce that the Company has been offered as operator a traditional oil and gas licence by the Department of Energy and Climate Change (“DECC”) in the second tranche of offers for the 26th Seaward Licensing Round. The licence covers three offshore Blocks 97/14, 97/15 and 98/11, covering an area of 584 square kilometres adjacent to the Dorset coast close to the giant Wytch Farm oilfield. The initial licence term will be four years with a decision on drilling a well required within the first two years.

InfraStrata has been offered a 50% operated licence interest and subject to DECC approvals, a 12% licence interest will be assigned from InfraStrata to Corfe Energy Limited (a company 50% owned by InfraStrata) and 10% to Nautical Petroleum plc, resulting in a 28% interest being held directly by InfraStrata.

Commenting on the licence award, Andrew Hindle, CEO of InfraStrata plc said:

“We are very pleased to be offered this licence which the Company will shortly be formally accepting from DECC. Within and immediately adjacent to the licence area there are a number of active oil and gas seeps. A total of seven wells have been previously drilled within the licence area, including the first UK offshore well in 1963 on Lulworth Banks in Block 97/14. Six of these wells encountered oil or gas shows and three flowed oil or gas on test.

We look forward to evaluating the potential commerciality of the existing undeveloped oil and gas discoveries contained within this large licence area, and reviewing the potential for further exploration prospects.

The Company considers the most interesting of the previous wells drilled in the licence area to be the 98/11-2 well drilled in 1984. This well encountered a 26 metre gas column which was tested and flowed at an approximate rate of 10 million standard cubic feet of gas per day (MMscf/day). A reservoir engineering study undertaken for InfraStrata has indicated that this interval would have been capable of flowing at a rate of greater than 40 MMscf/day from the discovery well. The priority of the initial work programme will be to establish the potential commerciality of this discovery via potential onshore development drilling. The work will include reprocessing of existing seismic data to better define the extent and size of the accumulation.”

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InfraStrata plc is pleased to advise that the Annual Report and Financial Statements and AGM Notice have been posted to shareholders today. A copy of the document is also now available on the Company website (http://www.infrastrata.co.uk).

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