RNS Releases
02 March 2016 - Appointment of advisers for Islandmagee monetisation PDF Print E-mail

The Board of InfraStrata plc (AIM:INFA), the independent petroleum exploration and gas storage company, is pleased to announce that two advisers have been appointed to assist with the monetisation of the Islandmagee gas storage project.

VSA Capital Ltd has been appointed to advise InfraStrata plc in relation to the monetisation process and Centrus Advisors LLP has been appointed by project company, Islandmagee Storage Limited, to support the process at a project level. Both appointments are effective from 1 March 2016.

Commenting on the announcement, Andrew Hindle, CEO of InfraStrata said:

“The appointment of the advisers today marks an important milestone for the Islandmagee gas storage project.

The recent announcement in January that we had been informed by the European Commission that the project has been provisionally selected for grant funding under the Connecting Europe Facility of 50% of the costs associated with Front End Engineering & Design (“FEED”) up to €4 million further demonstrated the important credentials of the project.

To date over £11million has been invested in the project, to acquire 3D seismic data, drill a well to acquire salt cores, undertake engineering design work, acquire rights on the full land assembly, and obtain planning permission and other consents required to construct the project. The project partners, InfraStrata and Northern Ireland based Mutual Energy, are now seeking a company or companies able to take the strategically important project through the final stage of FEED and into full construction.

We look forward to working with Centrus and VSA (previously Joint Broker to the Company) in the coming months as we pursue a range of options to realise the best value for shareholders.”

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02 March 2016 - Change of Broker PDF Print E-mail

The Board of InfraStrata plc (AIM:INFA), the independent petroleum exploration and gas storage company, announces that Allenby Capital Limited is now the sole broker to the Company (and remains its Nominated Adviser).

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01 February 2016 - Data sharing agreement signed PDF Print E-mail

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

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29 January 2016 - Total Voting Rights PDF Print E-mail

InfraStrata (AIM:INFA), the independent petroleum exploration and gas storage company, announces that the issued share capital of the Company at the date of this announcement comprises 188,041,599 ordinary shares of 1 pence, each with one voting right. The Company does not hold any ordinary shares in treasury. Therefore the total number of ordinary shares and voting rights in the Company is 188,041,599.

The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the FCA’s Disclosure and Transparency Rules.

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29 January 2016 - Holding(s) in Company PDF Print E-mail
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