Alba Mineral Resources PLC Brockham Operations Update (7462M)
10 January 2019 - 8:43PM
UK Regulatory
TIDMALBA
RNS Number : 7462M
Alba Mineral Resources PLC
10 January 2019
Alba Mineral Resources plc
("Alba" or "the Company")
Brockham Operations Update
Alba Mineral Resources plc (AIM: Alba), the diversified mineral
exploration and development company, notes the announcement made
today by Angus Energy, the operator of the Brockham Oil field under
Production Licence ("PL") 235 (the "Operator"), which included an
update on operations at Brockham.
In their announcement, the Operator stated that the commercial
flow test programme at the Brockham Oil Field resumed on 4 January
2019, and further stated that:
- prior to shutting down operations for the Christmas period,
the Company perforated the BR-X4Z well to provide communication
between the reservoir and the well bore, with logging carried out
to confirm the perforated intervals;
- a standard stimulation programme to bring the well into
production, similar to the recent successful operations and testing
programme at Horse Hill, is in progress; and
- an analytical update on the targeted pay zone, the Kimmeridge
Layers of the BR-X4Z well, will be provided in due course.
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 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 / 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 2017/40 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 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.
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.
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 a 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 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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