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Data sharing agreement signed

1 Feb 2016 12:43

RNS Number : 6497N
Infrastrata PLC
01 February 2016
 

 

 

 

1 February 2016

 

InfraStrata plc

("InfraStrata" or the "Company")

 

 

Data sharing agreement signed

 

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.

 

 

 

 

For further information please contact:

 

InfraStrata plc

 

Andrew Hindle, Chief Executive Officer 020 8332 1200

Stewart McGarrity, Finance Director

 

Nominated Adviser and Joint Broker - Allenby Capital Limited

 

Jeremy Porter / Alex Brearley 020 3328 5656

 

Joint Broker - VSA Capital Limited

 

Andrew Raca/ Richard Buckle 020 3005 5004

 

 

 

Notes to Editors:

 

Background on InfraStrata plc

 

InfraStrata is an independent petroleum exploration and gas storage company focused on Northern Ireland.

 

Further information is available on the Company's website www.infrastrata.co.uk.

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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