TIDMALBA
RNS Number : 6242H
Alba Mineral Resources PLC
14 March 2018
Alba Mineral Resources plc
("Alba" or the "Company")
Alba Appoints Experienced Oil & Gas Consultant
Alba Mineral Resources plc (AIM: ALBA), the diversified mineral
exploration and development company, is pleased to announce the
appointment with immediate effect of Sue Corrigan as Alba's
Technical Consultant - Oil & Gas.
Sue Corrigan is a Geologist and Geoscientist with 40 years'
industry experience in both Exploration and Development geology.
She has extensive experience of reservoir evaluation in the UK
Continental Shelf and the UK Southern Gas Basin, Norway, Algeria,
Venezuela, Uganda, Kenya, sub-Saharan Africa and West Africa
(offshore Ghana).
Ms Corrigan began her career at Shell and Amoco. Prior to
becoming an independent consultant in 2015, she spent over six
years at Tullow Oil plc, the FTSE 250 independent oil and gas
exploration and production company, including holding the position
of Principal Geoscientist between August 2011 and May 2015.
Ms Corrigan's experience encompasses active participation in a
number of North Sea and International field unitisations, numerous
screenings and evaluations for potential acquisitions and
farm-outs, planning wells in the North Sea and Africa,
co-ordination with drilling teams, monitoring of well progress and
management of external consultants and services.
Alba's Executive Chairman, George Frangeskides, commented:
"I am delighted to welcome Sue Corrigan to our team. She brings
to Alba a wealth of expertise in the oil and gas sector at a very
important time for Alba's oil investments. At Horse Hill, where
Alba holds the second largest shareholding in the Operator, Horse
Hill Developments Limited (HHDL), following some impending upgrades
to site facilities HHDL is due to commence a 150-day production
testing programme on the Portland and Kimmeridge KL3 and KL4
reservoirs, with the objective of confirming the presence of a
commercially viable oil volume. This will enable us to then make a
declaration of commerciality."
"This significant point in the development of the Horse Hill
Project having been reached, and with production expected from the
Brockham site in which Alba is also invested, Sue's technical
advice and support will be invaluable as we enter this potentially
transformational phase for the Company."
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
George Frangeskides, Executive Chairman +44 20 7264 4366
Cairn Financial Advisers LLP (Nomad)
James Caithie / Liam Murray +44 20 7213 0880
First Equity Limited (Broker)
Jason Robertson +44 20 7374 2212
Yellow Jersey PR (Financial PR/ IR)
Tim Thompson / Sophia Macleod / Henry
Wilkinson +44 77 1071 8649
alba@yellowjerseypr.com
Alba's Principal Operations & Investments
Oil & Gas
Horse Hill (Oil & Gas, UK): Alba holds an 18.1 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.
Brockham (Oil & Gas, UK): Alba has a direct 5 per cent
interest in Production Licence 235, which comprises the previously
producing onshore Brockham Oil Field.
Mining
Amitsoq (Graphite, Greenland): Alba owns a 90 per cent interest
in the Amitsoq Graphite Project in Southern Greenland and has an
option over the remaining 10 per cent.
Thule Black Sands (Ilmenite, Greenland): Alba owns 100 per cent
of mineral exploration licences 2017/29 and 2017/39 in the Thule
region, north-west Greenland.
Gold Mines of Wales (Gold, Wales, UK): Alba holds a 49 per cent
interest in Gold Mines of Wales, the ultimate owner of the Clogau
Gold project situated in the Dolgellau Gold Belt in Wales.
Inglefield Land (Multi-Commodity, Greenland): Alba owns 100 per
cent of mineral exploration licences 2017/40 and 2018/15 in
north-west Greenland.
Melville Bay (Iron Ore, Greenland): Alba is entitled to a 51 per
cent interest in mineral exploration licence 2017/41 in Melville
Bay, north-west Greenland. The licence area benefits from an
existing inferred JORC resource of 67 Mt @ 31.4% Fe.
Web: www.albamineralresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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