RNS Number : 4585B
Infrastrata PLC
16 June 2016
16 June 2016
InfraStrata plc
("InfraStrata" or the "Company")
Woodburn Forest-1 well - completion of drilling
InfraStrata plc (AIM:INFA), the independent petroleum exploration and gas storage company,
announces that drilling has been completed at Woodburn Forest in County Antrim, Northern Ireland.
The well was drilled to a depth of 2,000 metres and encountered two conventional sandstone
reservoir intervals, the Triassic Sherwood and the Lower Permian Sandstones. Wireline log analysis has calculated porosities of
over 20% in the upper parts of both the Sherwood and the Lower Permian Sandstones but both targets were water wet.
The well will now be plugged and abandoned.
Commenting, Andrew Hindle, CEO of InfraStrata said:
"Following the divestment of exploration assets late last year this remained our only exploration
project with costs fully carried through the well. Completing activities associated with the well will complete the work
programme obligations on Licence PL1/10. The licence recently entered its second five year term. It is naturally disappointing
not to have encountered a hydrocarbon accumulation and the joint venture will now fully evaluate the data collected in the well
and decide where to focus its future exploration activity in the basin.
InfraStrata and its project partners would like to thank all those involved in the operations for
their hard work and dedication. We will now work with our local contractors to professionally restore the site."
For further information please contact:
InfraStrata plc
Andrew Hindle, Chief Executive Officer
020 8332 1200
Stewart McGarrity, Finance Director
Nominated Adviser and Broker - Allenby Capital Limited
Jeremy Porter / Alex Brearley / Liz
Kirchner
020 3328
5656
Financial PR - Camarco
Billy Clegg / Gordon
Poole
020 3757 4980
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.
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 30 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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