INFA.L Share News (INFA)

INFA.L Information

There is currently no data for INFA

REPEAT: InfraStrata Agrees To Buy Barrow-In-Furness Gas Project

Sun, 31st May 2020 15:43

InfraStrata PLC - natural gas storage project development

Enters term sheet to buy Meridian Holdings Co from West Face Long Term Opportunities Global Master LP. Under Meridian is a proposed floating storage and regasification unit project at Barrow-in-Furness in north west England. The acquisition for GBP8 million is conditional on final investment decision for the FSRU project, which InfraStrata says is well placed to take advantage of liquified natural gas arriving into the UK and seeking storage and regasification. The project will require GBP350 million to GBP450 million in capital expenditure, which InfraStrata expects to fund at the project level with a consortium of partners. The acquisition consideration also includes 60 million share warrants with an exercise price of 5 pence.

Current stock price: 0.39p

12-month change: down 53%

By Tom Waite; thomaslwaite@alliancenews.com

More News

1 Aug 2019 12:03

InfraStrata Share Placing Raises New Capital For Islandmagee Project

(Alliance News) - Natural gas storage firm InfraStrata PLC said Thursday that it has raised GBP700,000 through a share placing to fund work in its Islandmagee gas storage project in County Antrim,

9 Jul 2019 10:39

InfraStrata Considering Deal For Cumbria Floating Storage Project

(Alliance News) - Natural gas storage firm InfraStrata PLC has agreed a period of due diligence to assess the feasibility of working on a UK floating storage project, it said Tuesday.The a

4 Jul 2019 14:38

InfraStrata To Evaluate New Projects Opportunities In 2020

(Alliance News) - InfraStrata PLC in 2020 will focus on generating revenue from both new facilities and existing developments, like the Islandmagee gas storage project located in Northern Ireland,

3 Jul 2019 11:16

Infrastrata Commences Funding Discussions For Islandmagee Project

(Alliance News) - Infrastrata PLC said Wednesday it has started the next stage of progressing the Islandmagee gas storage facility in Northern Ireland, with funding discussions and a refined in at

14 Jun 2019 13:03

Infrastrata Applies For EU Grant To Fund Gas Pipeline Study

(Alliance News) - Infrastrata PLC on Friday said it has applied for an EU front-end engineering and design study grant to cover design and preliminary works to allow reverse flow of the Scotland

14 Jun 2019 10:16

InfraStrata seeks EU cash for North Channel gas pipeline reversal project

(Sharecast News) - Natural gas storage development company InfraStrata has submitted an application for a grant from the EU's Connecting Europe Facility (CEF) 2014-2020, it announced on Friday.

11 Jun 2019 10:58

InfraStrata Signs Term Sheet For Islandmagee Storage Capacity Offtake

(Alliance News) - InfraStrata PLC on Tuesday said it has signed a binding term sheet with Vitol SA over long-term storage capacity offtake at its Islandmagee gas storage facility in Northern in at

9 May 2019 19:08

Infrastrata Could Advance Final Investment Decision By One Year

LONDON (Alliance News) - Infrastrata PLC on Thursday said it is "at an advanced stage" in its negotiations with its last two potential offtake partners for its Islandmagee gas storage it

17 Apr 2019 11:44

InfraStrata Loss Widens As It Continues With Islandmagee Development

LONDON (Alliance News) - Gas storage firm InfraStrata PLC said Wednesday its loss widened in the first half of its financial year due to a substantial increase in expenses.For the six ended

10 Apr 2019 15:28

InfraStrata progresses towards final investment decision at Islandmagee

(Sharecast News) - Natural gas storage development company InfraStrata updated the market on progress on its Islandmagee gas storage project on Wednesday, reporting that due diligence had been ongoing with its second potential equity partner since January.

10 Apr 2019 13:58

InfraStrata Says Talks Underway With Offtake Partners For Islandmagee

LONDON (Alliance News) - InfraStrata PLC on Wednesday said discussions are "well underway" between the potential equity and offtake partners for the Islandmagee gas storage project in to

25 Mar 2019 14:34

Infrastrata Names Non-Exec Raman As CFO; Hires Tomco Director To Board

LONDON (Alliance News) - Infrastrata PLC on Monday said it has promoted Non-Executive Director Arun Raman to the role of chief financial officer with immediate effect.In addition, has Groat

25 Mar 2019 14:12

Infrastrata To Exercise And Complete Islandmagee Easement Options

LONDON (Alliance News) - Infrastrata PLC on Monday said it will exercise and complete the easement options needed for its Islandmagee gas storage project in Northern Ireland.Shares in the a

19 Mar 2019 14:44

InstraStrata awards engineering design contract to Costain

(Sharecast News) - Natural gas storage company InfraStrata has awarded an engineering design works contract to Costain, it announced on Tuesday, to enable the £65m cost savings it identified during the front-end engineering and design (FEED) process to be realised on its Islandmagee gas storage project.

8 Mar 2019 09:39

Infrastrata Chair Graham Lyon Departs Immediately To Focus Elsewhere

LONDON (Alliance News) - Natural gas storage firm Infrastrata PLC said on Friday that Graham Lyon has stepped down as chair with immediate effect.Lyon, who has been chair of the company to

Latest Share Chat

INFA.L Share News (INFA)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

REPEAT: InfraStrata Agrees To Buy Barrow-In-Furness Gas Project

Login to your account

Quickpicks are a member only feature

Login to your account