TIDMALBA

RNS Number : 1164Z

Alba Mineral Resources PLC

10 March 2017

10 March 2017

Alba Mineral Resources plc

("Alba" or the "Company")

Brockham Update

Alba Mineral Resources plc (AIM: ALBA) announces that it has been advised by the Operator, Angus Energy plc ("Angus" or the "Operator") that, in respect of a BBC London news item yesterday evening where claims were made that the Brockham X4Z well drilling was 'unauthorised', the Operator is of the firm opinion that the drilling of the BR-X4Z well, which was approved by the OGA, EA and HSE, did not constitute a breach of the planning consents. The Operator has advised the Company that discussions with Surrey County Council are ongoing.

The Company will update the market as soon as it has further material information.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information please contact:

 
 Alba Mineral Resources 
  plc 
  Michael Nott, CEO                +44 20 7264 4366 
 Cairn Financial Advisers 
  LLP 
  James Caithie / Liam Murray      +44 20 7213 0880 
 Dowgate Capital Stockbrokers 
  Limited 
  Jason Robertson / Neil 
  Badger                           +44 1293 517744

About Alba

Alba holds a 15 per cent interest in Horse Hill Developments Limited, the company which has a 65 per cent participating interest and operatorship of the Horse Hill oil and gas project (licences PEDL 137 and PEDL 246) in the UK Weald Basin. Alba is also earning a 5% interest in Production Licence 235, which comprises the producing onshore Brockham Oil Field.

Alba is the owner of 90 per cent of the Amitsoq Graphite Project in Southern Greenland. In addition, the Company recently renewed its Limerick base metal licence in the Republic of Ireland until May 2018. The Company has applied for the reissue of a uranium permit in northern Mauritania. The new Mauritanian permit will be on a reduced area, and is centred on known uranium-bearing showings.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCURRWRBVAOARR

(END) Dow Jones Newswires

March 10, 2017 03:09 ET (08:09 GMT)

Alba Mineral Resources (LSE:ALBA)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Alba Mineral Resources Charts.
Alba Mineral Resources (LSE:ALBA)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Alba Mineral Resources Charts.