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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

12 Sep 2018 15:58

InfraStrata Says Former CEO Adrian Pocock Is No Longer Director

LONDON (Alliance News) - InfraStrata PLC, a company focused on the development of natural gas storage capacity, said Wednesday that Adrian Pocock is no longer a director of the company with has to

24 Aug 2018 10:44

InfraStrata Nets GBP50,000 From Exercise Of Warrants (ALLISS)

LONDON (Alliance News) - InfraStrata PLC on Friday said it raised GBP50,000 following exercise of share warrants.The gas storage company said 10.4 million warrants were exercised at a price

16 Aug 2018 13:17

InfraStrata Promotes Current Head Of Operations Wood To Top Position

LONDON (Alliance News) - Natural gas storage firm InfraStrata PLC on Thursday announced its current operations chief will become its new chief executive.John Wood, currently the chief will

16 Aug 2018 10:30

John Wood elevated to CEO in InfraStrata executive shuffle

(Sharecast News) - Natural gas storage capacity developer InfraStrata announced a change of chief executive officer on Thursday, as part of a restructuring of its executive team, which the board said would put the company in "good stead" as it progressed through to the end of front-end engineering and design (FEED) through final investment decision (FID) and into the construction phase.

6 Aug 2018 14:12

InfraStrata says it's well on track with FEED progress

(Sharecast News) - Natural gas storage development company InfraStrata updated the market on its front-end engineering design (FEED) progress on Monday, having now achieved over 50% of the pre-established milestones.

6 Aug 2018 10:52

InfraStrata Says Engineering Work At Islandmagee Project Half Complete

LONDON (Alliance News) - InfraStrata PLC said Monday its engineering work at the Islandmagee gas storage project has now achieved over 50% of the pre-established milestones.The company said

24 Jul 2018 14:36

DIRECTOR DEALINGS: InfraStrata Chief Operating Officer Buys Shares

LONDON (Alliance News) - InfraStrata PLC said Chief Operating Officer John Wood purchased 16.7 million shares at an average price of 0.52 pence each on Tuesday.The stock was trading 3.4% on

24 Jul 2018 13:59

DIRECTOR DEALINGS: InfraStrata Chairman Graham Lyon Buys Shares

LONDON (Alliance News) - Natural gas storage developer InfraStrata PLC said Chairman Graham Lyon purchased 1.9 million shares at a price of 0.535 pence on Tuesday.Following this Lyon has a

19 Jun 2018 14:16

InfraStrata Contracts WSP For Engineering Work In Islandmagee Project

LONDON (Alliance News) - InfraStrata PLC said Tuesday it entered in a contract with WSP which will provide engineering services for the development of the Islandmagee gas storage project in will

15 Jun 2018 09:51

InfraStrata Evaluates Raising New Capital For Islandmagee Project

LONDON (Alliance News) - InfraStrata PLC said Friday it has appointed CBRE Indirect Investment Services Ltd to provide advise on raising capital from third-party financial partners for the gas in

21 May 2018 13:11

InfraStrata Hires Salt Cavern Gas Storage Specialists Evan Passaris

LONDON (Alliance News) - InfraStrata PLC said Monday it has hired salt cavern gas-storage specialist Evan Passaris.InfraStrata, which is developing a gas storage project in Northern said as

17 May 2018 16:44

Infrastrata Signs Contract With DEEP.KBB For Islandmagee Work

LONDON (Alliance News) - Infrastrata PLC said Thursday it has signed a contract with DEEP.KBB Gmbh for subsurface work at the Islandmagee gas storage project.Under the terms of the will out

30 Apr 2018 11:28

Infrastrata Interim Loss Broadly Flat As It Progresses Islandmagee

LONDON (Alliance News) - Infrastrata PLC on Monday reported a broadly flat loss in the first half of its current financial year as it continues to work on the Islandmagee gas storage project in a

23 Apr 2018 15:35

Infrastrata Signs Deal With Costain To Work On Islandmagee Gas Project

LONDON (Alliance News) - Infrastrata PLC on Monday said that it signed a contract with engineering company Costain Group PLC to carry out the surface element of the Front End Engineering Design of

19 Apr 2018 12:29

Infrastrata Secures EU Grant Funding For Islandmagee, Seeks More

LONDON (Alliance News) - Infrastrata PLC shares rose Thursday as it said it has secured funding to start front-end engineering and design work on its Islandmagee gas storage project in Northern up

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

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