INFA.L Share News (INFA)

LONDON (Alliance News) - InfraStrata PLC on Friday updated on the work programme being undertaken at the Islandmagee gas storage project, with all end well reports now finalised and the cores encouraging.

The parameters from the end well reports are now being used by the surface engineering team at the site to provide an update on the facility design and cost estimates for the project.

Completion of the work programme is expected occur in November, the company said.

"We are very pleased that the programme of works is on schedule to be completed on time and we expect to provide a further update on completion of the work during November. Plans for commencing the monetisation process are also underway as anticipated," said Andrew Hindle, InfraStrata's chief executive.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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