Alba Mineral Resources PLC Alba Further Strengthens Oil & Gas Team (4111I)
21 March 2018 - 8:00PM
UK Regulatory
TIDMALBA
RNS Number : 4111I
Alba Mineral Resources PLC
21 March 2018
Alba Mineral Resources plc
("Alba" or the "Company")
Alba Further Strengthens Oil & Gas Team
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 Special
Adviser - Oil & Gas. This follows the appointment, announced on
14 March, of Sue Corrigan as Alba's Technical Consultant - Oil
& Gas.
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 Executive Chairman, George Frangeskides, commented:
"I am delighted to welcome Feroz Sultan to our team at Alba.
Feroz has a wealth of experience and has run significant oil and
gas projects and companies in his time."
"Feroz's combination of technical and corporate skills in the
sector will be invaluable as we enter the key testing and
production phases at Horse Hill and Brockham respectively. Together
with our recent appointment of Sue Corrigan, Alba now has a strong
oil and gas team in place to guide the Company through the next
phase in its development."
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)
Thompson / Sophia Macleod /
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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