27th Round awards and planning approval

RNS Number : 3657U

Infrastrata PLC

02 December 2013

 

2 December 2013                                                                  For Immediate Release

InfraStrata plc

("InfraStrata" or the "Company")

27^th Round awards and planning approval

InfraStrata plc (AIM:INFA), the independent petroleum exploration and gas storage company, is pleased to announce that the Company and joint venture partners were offered on 29 November 2013 two petroleum licences by the Department of Energy and Climate Change in the second tranche of offers for the 27th Seaward Licensing Round. One of the licences covers the offshore extension of the PL1/10 licence area in Northern Ireland and the second an area adjacent to the P1918 licence offshore Dorset.

Also on 29 November 2013 Dorset County Council resolved to grant planning permission for the California Quarry-1 well, the site for an exploration well to be drilled from onshore to offshore into petroleum licence P1918.

Commenting on the news, Andrew Hindle, CEO of InfraStrata plc said:

"InfraStrata is pleased to be able to add additional exploration areas adjacent to its existing licence areas in Dorset and Northern Ireland.

The approval for the well in Dorset is an important step in building a multi-well programme across our portfolio for the coming year."

For further information please contact:

InfraStrata plc

Andrew Hindle, Chief Executive Officer                                                            020 8332 1200

Stewart McGarrity, Finance Director

Financial PR - Buchanan

Richard Darby/Gabriella Clinkard/Tom Hufton                                                  020 7466 5000

Nominated Advisor and Broker - Arden Partners plc

Richard Day/ Katelin Kennish                                                                        020 7614 5917

Notes to Editors:

Background on InfraStrata plc

InfraStrata is an independent petroleum exploration and gas storage company. The Company is focused on two areas in the UK, in Dorset, England and Antrim, Northern Ireland.

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

In accordance with the AIM Rules - Note for Mining and Oil and Gas Companies, the information contained in this announcement has been reviewed and signed off by the Chief Executive Officer of InfraStrata plc Andrew Hindle BSc, MSc, PhD, a Chartered Geologist with 28 years' experience, a Fellow of the Geological Society of London, and a member of the American Association of Petroleum Geologists and the Petroleum Exploration Society of Great Britain.

 

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