1st Feb 2016 12:55
LONDON (Alliance News) - Petroleum exploration and gas storage company InfraStrata PLC on Monday said it has signed a data sharing agreement for the Islandmagee gas storage project in Northern Ireland.
The company will get GBP500,000 in cash for the agreement, which was struck with an unnamed party.
The funds are to be used for InfraStrata's 2016 work programme, with a focus on Islandmagee.
InfraStrata shares were up 3.3% to 1.55 pence on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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