31 Oct 2018 07:00
31 October 2018
InfraStrata plc
("InfraStrata" or the "Company")
Shareholder update meeting and presentation
InfraStrata plc (AIM: INFA), the UK quoted company focused on the development of natural gas storage capacity, is pleased to announce that it will be holding a shareholder and prospective shareholder update meeting and presentation followed by a Q&A session on 5 December 2018, at 6:30 p.m. (U.K. local time), at 1 America Square conference centre, 17 Crosswall Street, London EC3N 2LB.
Graham Lyon (Chairman) and John Wood (Chief Executive Officer) will host the meeting along with key members of the executive team.
Pre-registration is required for the attendance. To confirm attendance please email infrastrata@yellowjerseypr.com.
The presentation will also be available on the Company's website following the meeting (https://www.infrastrataplc.com).
No new material information will be released at the meeting.
For further information, please contact:
InfraStrata plc John Wood, CEO Graham Lyon, Chairman
| c/o Yellow Jersey +44 (0) 20 3735 8825 |
Allenby Capital Limited (AIM Nominated Adviser & Joint Broker) Jeremy Porter / Alex Brearley / Liz Kirchner
| +44 (0) 20 3328 5656 |
SI Capital Limited (Joint Broker) Nick Emerson
| +44 (0) 20 3871 4038 |
Yellow Jersey Tim Thomson / Harriet Jackson / Henry Wilkinson | +44 (0) 20 3735 8825 |
-ENDS-
Notes to editors:
InfraStrata is an independent gas storage company focused on the UK and Ireland. Further information is available on the Company's website: www.infrastrataplc.com.
Background on the Islandmagee Storage Project
The Islandmagee gas storage project is a proposed salt cavern gas storage facility located on Islandmagee in County Antrim, Northern Ireland. The Board of InfraStrata believes that the proposed 500 million cubic metres Natural Gas Cavern Storage facility will provide over 25% of the UK's Natural Gas Storage once constructed, and will be situated adjacent to the Scotland Northern Ireland (gas) Pipeline (SNIP) and the Moyle 500 Megawatt Electricity Interconnector. Work commenced in 2007 with the acquisition of 3D seismic data to image the Permian salt in the Larne Lough area. During 2012, planning permission was granted for the project and a gas storage licence was issued by the Utility Regulator. In 2015 a well was drilled to core the salt and confirm the technical feasibility of the project, supported in part by the European Commission. The Front End Engineering and Design (FEED) element of the Project is scheduled for completion by the end of 2018. To date approximately £11.5m has been invested in the project.
Further information is available on the company's website: www.infrastrataplc.com
The Front End Engineering & Design (FEED) and Insitu Downhole Testing programme for the Islandmagee gas storage project is co-financed by the European Union's Connecting Europe Facility.
Disclaimer releasing the European Union from any liability in terms of the content of the dissemination materials:
"The sole responsibility of this publication lies with the author. The European Union is not responsible for any use that may be made of the information contained therein."