Infrastrata appoints to its Board Matthew Beardmore as Non-Executive Director alongside Graham Lyon as Non-Executive Chairman

– UK, Belfast – InfraStrata plc (AIM: INFA), the only UK quoted company focused on gas storage, is pleased to announce the appointments of Graham Lyon as Non-Executive Chairman and Matthew Beardmore as a Non-Executive Director of the Company with immediate effect. These new directors bring with them experience, skills and contacts within the energy sector and with EU funding. Peter Wale will now fulfil the role of Non-Executive Director.

About Graham Lyon

Graham is a senior energy, oil and gas executive with over 30 years’ experience encompassing global technical, operational and commercial leadership roles.

He is currently a Director of Soncer Limited, a private Oil and Gas leadership consulting firm, undertaking board and executive positions for private and listed companies. He has actively led and advised on major M&A transactions and the financing and restructuring of companies and projects throughout the world.

Graham is Executive Chairman at Comet Energy, a private Canadian oil and gas company and is Non-Executive Chairman of Pearland Energy, a Nigerian oil and gas company. Graham also Chairs the Technical Advisory Committee and is a Board Advisor to Sirius Petroleum plc (AIM: SRSP) where he has helped structure the vendor financing consortia that Sirius has put together to develop its Nigerian oil production assets.

Graham has recently held a number of board level positions at private and listed companies including; Non-Executive Director at Tarbagatay Munay LLP, a private Kazakhstani oil and gas company where he also chaired the Corporate Governance committee, Hawkley Oil & Gas Limited (ASX: HOG), Range Resources Limited (AIM: RRL, ASX: RRS) where he chaired the Reserves committee and was a member of Remuneration, Nomination and Corporate Governance committees, and MENA Hydrocarbons (TSX: MNH) as CEO. Before establishing Soncer, Graham was Vice President of Petro-Canada (TSX: PCA), where he led business development for its international business unit, which was formerly the international company Veba Oil and Gas GmbH. In his earlier technical career he worked for Shell and Chevron.

About Matthew Beardmore

Matthew is a practising solicitor and quantity surveyor who has been primarily focused on the delivery of major built environment and infrastructure projects from conception to completion. During the last 20 years Matthew has had responsibility for the contractual, operational and commercial performance of a portfolio of projects worth in aggregate over £3bn. This has ranged from power plants to football stadia as well as major urban regeneration schemes. Within the last five years Matthew has obtained significant experience and knowledge through working in a role as Head of Capital Projects for a UK regional government authority. He therefore, has significant experience with the EU funding framework. The Board believes that these skills are going to be very beneficial to InfraStrata and will ensure the Company maximises its potential in this area.

InfraStrata’s former interim Non-Executive Chairman, Peter Wale, commented: “As we move forward with the future strategy for the Company, we believe that these new Directors will be invaluable in helping us to progress. Given their backgrounds and networks, we view their decision to join the Board as a strong endorsement of our vision to create shareholder value. Graham brings a wealth of world-wide expertise and contacts across the wider energy industry. He has played active roles in business restructuring and refinancing companies and enabling businesses turnarounds. Matthew’s professional background, project management experience and familiarity with EU funding are indispensable skills for the Company. We are delighted to welcome them on to our Board.

Furthermore, we anticipate one additional board member to be confirmed shortly.”

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