Shareholder update meeting and presentation

RNS Number : 4428J

Infrastrata PLC

05 December 2018

 

RNS Reach announcement

5 December 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 investor update meeting and presentation followed by a Q&A session today, 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 and non-executive team.

The presentation will also be available on the Company's website (https://www.infrastrataplc.com) after the meeting.

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 [phone]
Allenby Capital Limited (AIM Nominated Adviser & Joint Broker) Jeremy Porter / Liz Kirchner	[phone]
SI Capital Limited (Joint Broker) Nick Emerson	[phone]
Yellow Jersey Tim Thompson / Harriet Jackson / Henry Wilkinson	[phone]

-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 was completed in November 2018 with final reports scheduled to be submitted to the EU in December 2018. To date approximately £13.5m 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."

About RNS Reach announcements

This is an RNS Reach announcement. RNS Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases such as marketing messages, corporate and product information into the public domain.   Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on RNS Reach.

 

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