Alba Mineral Resources PLC Appointment of Technical Director (0419S)
June 20 2018 - 11:00AM
UK Regulatory
TIDMALBA
RNS Number : 0419S
Alba Mineral Resources PLC
20 June 2018
Alba Mineral Resources plc
("Alba" or the "Company")
Alba Appoints Technical Director - Oil & Gas
Alba Mineral Resources plc (AIM: ALBA), the diversified mineral
exploration and development company, is pleased to announce the
appointment with immediate effect of Feroz Sultan as Alba's
Technical Director - Oil & Gas. This follows the announcement
on 9 April that Mr Sultan had joined Alba as a special adviser in
relation to the Company's oil investments.
Alba's Executive Chairman, George Frangeskides, commented:
"We are very pleased that, after an initial period as an adviser
to the Company, Feroz has now agreed to become more involved in our
day-to-day activities by becoming Alba's Technical Director - Oil
& Gas. Feroz has a wealth of experience and has run significant
oil and gas projects and companies in his time. His background and
experience will be invaluable in helping to guide our investments
at Horse Hill and Brockham."
Background
Feroz Sultan is a petroleum geologist with over 40 years of
diverse experience in the management, exploration, development and
production of oil and gas. He has managed both onshore and offshore
oil and gas field developments and prepared field development plans
and technical and commercial evaluations. His experience includes
over six years (2007-13) as Chief Executive Officer/Director of
Petro Ventures International, a private company which participated
in the drilling of wells which have resulted in establishing gas
fields in the UK North Sea and offshore Romania.
Mr Sultan also spent three years (2003-6) as Chief Operating
Officer/Technical Director of Grove Energy Ltd, the AIM and TSX-V
listed company which merged with Stratic Energy in 2007 with a
merger valuation of approximately C$123 million.
Since January 2013, Mr Sultan has been a Director at the UK
private company, DESS Energy, an equity partner in the Kirkleatham
Gas Field and Westerdale Block, Yorkshire, England. DESS Energy is
also pursuing oil and gas exploration and production opportunities
in Europe and Mozambique.
Alba's significant interests in both the mining and oil &
gas sectors have prompted the Board's decision to ensure that the
Company has a separate technical team tasked with advancing Alba's
interests in each sector. Howard Baker's position has accordingly
been re-titled as Technical Director - Mining. Mr Baker will
continue to oversee Alba's technical and operational activities
across its mining projects, while Mr Sultan will oversee Alba's oil
interests in the Weald Basin, at Horse Hill and Brockham.
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 / Henry Wilkinson +44 77 1071
alba@yellowjerseypr.com 8649
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
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END
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