Infrastrata on the up as it outlines plans

AIM-listed natural gas storage firm Infrastrata (LON:INFA) has seen its share price climb by 2.07% to 0.62p (as of 13:34 BST) after it provided a strategy update to the markets. The group identified a number of opportunities in the UK and EU and said it would be attempting to transform from a single project firm in to a company with multiple overlapping projects.

CEO John Wood commented: “We are pleased to confirm our future strategy to ensure that we continue to de-risk InfraStrata by considering additional projects in our niche market of long-term plays within the energy infrastructure sector. We have had very strong interest in the above-mentioned projects, and we believe that we are ideally placed to work with our partners to put these projects together. These projects will be a key strategic fit with our existing flagship Islandmagee Gas Storage Project which will continue to receive the attention it requires to ensure it is brought online and in keeping with the commitments that we have made in our recent offtake term sheet with Vitol“.