Alba Mineral Resources PLC Brockham Update (6781Y)
May 10 2019 - 5:35AM
UK Regulatory
TIDMALBA
RNS Number : 6781Y
Alba Mineral Resources PLC
10 May 2019
Alba Mineral Resources plc
("Alba" or "the Company")
Brockham Update
Alba Mineral Resources plc (AIM: Alba), the diversified mineral
exploration and development company, notes the announcement this
morning by Angus Energy Plc, the operator of the Brockham Oil Field
under Production Licence ("PL") 235 ("Angus" or the "Operator"),
which states:
"Angus Energy is pleased to announce that the rig has now been
demobilised. Additionally, having set the plug, and function tested
the downhole pump we believe that we have, as planned, successfully
isolated the water zone without bringing hydrocarbons to surface.
This is in line with our timetable of works as published in RNS of
3 April 2019.
We will now analyse the results with our partners before
proceeding to the next stage which would involve bringing on site
full well testing equipment and commencing flow tests."
The Company awaits the Operator's advice as to the proposed next
steps at Brockham.
Alba owns a direct 5 per cent interest in PL 235.
For further information, please contact:
Alba Mineral Resources plc
George Frangeskides, Executive Chairman +44 20 3907 4297
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 / Harriet Jackson / Henry Wilkinson +44 77 1071 8649
alba@yellowjerseypr.com
Alba's Project & Investment Portfolio
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.
Clogau (Gold, Wales): Alba owns a 90 per cent interest in Gold
Mines of Wales Limited ("GMOW"), the ultimate owner of the Clogau
Gold project situated in the Dolgellau Gold Belt in Wales.
Inglefield Land (Copper, Cobalt, Gold): Alba owns 100 per cent
of mineral exploration licence ("MEL") 2017/40 and 2018/25 in
north-west Greenland.
Limerick (Base Metals, Ireland): Alba owns 100 per cent of the
Limerick base metal project in the Republic of Ireland.
Melville Bay (Iron Ore, Greenland): Alba is entitled to a 51 per
cent interest in MEL 2017/41 in Melville Bay, north-west Greenland.
The licence area benefits from an existing inferred JORC resource
of 67 Mt @ 31.4% Fe.
Thule Black Sands (Ilmenite, Greenland): Alba owns 100 per cent
of MEL 2017/29 in the Thule region, north-west Greenland.
Oil & Gas
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.
Horse Hill (Oil & Gas, UK): Alba holds an 11.765 per cent
effective interest in the Horse Hill oil and gas project (licences
PEDL 137 and PEDL 246 covering a total area of 142.9 km(2)) in the
UK Weald Basin.
Web: www.albamineralresources.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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