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.