Alba Mineral Resources PLC Nutech report on Brockham-1 well in Weald Basin (6751J)
September 13 2016 - 5:14AM
UK Regulatory
TIDMALBA
RNS Number : 6751J
Alba Mineral Resources PLC
13 September 2016
13 September 2016
Alba Mineral Resources plc
("Alba" or the "Company")
Nutech report on Brockham-1 well in Weald Basin
Alba, which has exercised an option to farm into 5 per cent of
UK Production Licence 235 (PL235) ("Brockham") in the Weald Basin,
notes with interest the announcement made today by Doriemus plc, a
company admitted to ISDX and which has a 10% interest in Brockham,
as to the results of an independent assessment by Nutech Ltd, a
petrophysical analysis and reservoir intelligence company, of the
Brockham-1 well (the "Nutech Report").
Alba has not made any independent inquiries as to the accuracy
or completeness of the press release issued by Doriemus Plc. The
board of Alba accepts no responsibility for the contents of the
Nutech Report.
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 7148 7900
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 also has exercised an option to farm into 5% of Production
Licence 235, which comprises the producing onshore Brockham Oil
Field.
Alba has the right to earn up to 70 per cent of the Amitsoq
Graphite Project in Southern Greenland. In addition, the Company
has recently renewed its base metal and gold licence in the
Republic of Ireland, and 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.
Alba continues actively to review and discuss other project
opportunities which have value enhancing potential for the Company
whether by acquisition, farm in or joint venture in a range of
jurisdictions around the world.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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