Alba Mineral Resources PLC Horse Hill Update (1690Q)
September 08 2017 - 2:00AM
UK Regulatory
TIDMALBA
RNS Number : 1690Q
Alba Mineral Resources PLC
08 September 2017
Alba Mineral Resources plc
("Alba" or the "Company")
Flow Testing and Further Drilling Permits Granted by Environment
Agency
Horse Hill Project, Weald Basin, UK
The Company announces that it has been informed by Horse Hill
Developments Limited ("HHDL"), the operator of Horse Hill licences
PEDL 137 and PEDL 246, containing the Horse Hill-1 ("HH-1") oil
discovery, that the Environment Agency has granted the necessary
permits to enable HHDL to carry out extended flow tests at HH-1,
store any produced oil and to drill and test both a side-track from
the existing HH-1 well and a new borehole HH-2.
In respect of HHDL's planning application for long-term
production testing and further appraisal drilling, the Company has
been informed by HHDL that Surrey County Council (the "Council")
has confirmed that this application is now scheduled to be
determined at October's meeting of the Council's planning
committee. Members of the planning committee completed a scheduled
visit to the Horse Hill site yesterday, 7 September, in preparation
for the October meeting.
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
James Caithie / Liam
Murray +44 20 7213 0880
Dowgate Capital Stockbrokers
Ltd
Neil Badger +44 1293 517744
Alba's Project Portfolio
Oil & Gas
Horse Hill (Oil & Gas, UK): 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.
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.
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.
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.
Inglefield Land (Copper, Cobalt, Gold): Alba owns 100 per cent
of mineral exploration licence 2017/40 in north-west Greenland.
Limerick (Base Metals, Ireland): Alba has 100 per cent of the
Limerick base metal project in the Republic of Ireland.
El Mreiti (Uranium, Mauritania): Alba has applied for the
reissue of a uranium permit in northern Mauritania, centred on
known uranium-bearing showings.
Alba continues actively to review numerous other project
opportunities which have value-enhancing potential for the Company
whether by bolt-on or stand-alone acquisition, farm in or joint
venture.
Web: www.albamineralresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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