InfraStrata says that drilling and data gathering operations have been concluded at the Islandmagee-1 well in Northern Ireland.
The well was drilled to a total depth of 1,753 metres.
The objective of the well was to confirm the feasibility of the development of an underground gas storage facility in salt caverns, by obtaining wireline data and core samples of the Permian salt to undertake laboratory analyses, including rock mechanical tests, to further define the design parameters and cost estimate for the project.
The first element of the work has met its objectives with the well encountering 185.8 metres of Permian salt. Core samples have been sent to Germany for analyses to be undertaken.
These results will enable the project developer, Islandmagee Storage Limited (InfraStrata 65% shareholder), to complete this phase of work in Q4 2015.