Infrastrata PLC Launch of new website & change of website address (1054F)

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RNS Number : 1054F

Infrastrata PLC

25 October 2018

25 October 2018

InfraStrata plc

("InfraStrata" or the "Company")

Launch of new website and change of website address

InfraStrata plc (AIM: INFA), the UK quoted company focused on the development of natural gas storage capacity, is pleased to announce that the Company has launched a new corporate website, which can be found at the new address of www.infrastrataplc.com. This new website address provides the information required by rule 26 of the AIM Rules for Companies under the investors section.

In addition, the Company has changed the name of its gas storage project from Islandmagee Gas Storage to Islandmagee Energy. The Islandmagee Energy website will be updated in due course. Accordingly, the name of the project company Islandmagee Storage Limited, which is owned 100% by InfraStrata, will also be changed to Islandmagee Energy Limited shortly.

For further information, please contact:

 
 InfraStrata plc                                  c/o Yellow Jersey 
  John Wood, Chief Executive                       [phone] 
                                                   8825 
 Allenby Capital Limited (AIM Nominated 
  Adviser & Joint Broker)                         [phone] 
  Jeremy Porter / Alex Brearley / Liz Kirchner     5656 
 SI Capital Limited (Joint Broker)                [phone] 
  Nick Emerson                                     4038 
 Yellow Jersey                                    [phone] 
  Tim Thomson                                      8825 
 

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 GBP11.5m 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."

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October 25, 2018 02:00 ET (06:00 GMT)