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InfraStrata to complete funding for Woodburn Forest-1 well


Published Jan 20, 2016
InfraStrata in Northern Ireland

InfraStrata plc says that a series of Farmout Agreements have been entered into by InfraStrata and Brigantes Energy Limited, both together and separately, which together will result in completion of the funding for the planned Woodburn Forest-1 well in Northern Ireland if the conditions of the FOAs set out below are satisfied.

In addition an Escrow Agreement has been signed by all new investors and existing partners in the project whereby the funds for drilling the well in H1 2016 are being transferred to an account being administered by the Company's solicitors, Fieldfisher LLP.

Tags: InfraStrata plc




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