Alba Mineral Resources PLC Brockham Update (8477A)
June 03 2019 - 2:00AM
UK Regulatory
TIDMALBA
RNS Number : 8477A
Alba Mineral Resources PLC
03 June 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"), as
follows:
"Angus Energy is pleased to announce that after consideration of
the recent results of the Brockham work programme, preparatory
operations for the second stage will commence in the week of 17th
June 2019."
"The further preparatory work aims to ensure the borehole is in
optimum condition for testing, and to give the best possible
communication between the well and the fracture system in the
formation. Once this has been completed then, subject to agreement
of partners, well testing can commence to ascertain whether
commercial hydrocarbon flows can be achieved from the BRX4Z well as
envisaged per our timetable of 3 April."
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
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END
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