Alba Mineral Resources PLC Horse Hill Update (0630P)
08 October 2019 - 5:00PM
UK Regulatory
TIDMALBA
RNS Number : 0630P
Alba Mineral Resources PLC
08 October 2019
Alba Mineral Resources plc
("Alba" or the "Company")
HH-2/2z Drilling Update at Horse Hill Oil Field
Alba Mineral Resources plc (AIM: ALBA), the diversified mineral
exploration and development company, is pleased to announce that it
has received the following update from UK Oil & Gas Plc
("UKOG"), the majority owner of Horse Hill Developments Limited
("HHDL"), the operator of Horse Hill licences PEDL 137 and PEDL 246
in which Alba has an 11.765% interest:
-- Following the completion of the 12 1/4 " diameter hole section in its Horse Hill-2 ("HH-2") Portland pilot well,
95/8" casing has been set and cemented into position from surface to 2,019 ft below rig floor. After setting and
testing blow out preventers, expected to be completed today, the well will drill a short section of 8 1/2
" diameter hole down to the coring point, where three 60 ft cores are planned through the
oil-bearing Portland reservoir.
-- Following the coring programme, designed primarily to acquire key technical data that will ensure the 1000m HH-2z
horizontal section is correctly positioned within the Portland's most oil-productive zone, the well will drill
ahead to total depth, be electric logged and then plugged back to the "kick-off" point, delineating the start of
HH-2z's planned 1000m horizontal trajectory. HH-2z will follow directly afterwards.
The information contained within this announcement is deemed by
the Company to constitute inside information under the Market Abuse
Regulation (EU) No. 596/2014
Qualified Person's Statement
The technical information contained in this announcement has
been reviewed and approved by Feroz Sultan (B.Sc (Hons) Geology,
M.Sc, Petroleum and Structural Geology, Karachi and M.Sc Petroleum
Geology, Imperial College London), a petroleum geologist with over
45 years' experience in the management, exploration, development
and production of oil and gas.
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) +44 20 3004 9512
Sarah Hollins / Harriet Jackson / alba@yellowjerseypr.com
Henry Wilkinson
Alba Project & Investment Portfolio
Project (commodity) Location Ownership
Mining Projects
Amitsoq (graphite) Greenland 90%
----------- ----------
Clogau (gold) Wales 90%
----------- ----------
Inglefield (copper,
cobalt, gold) Greenland 100%
----------- ----------
Limerick (zinc-lead) Ireland 100%
----------- ----------
Melville Bay (iron ore) Greenland 51%
----------- ----------
TBS (ilmenite) Greenland 100%
----------- ----------
Oil & Gas Investments
Brockham (oil) England 5%
----------- ----------
Horse Hill (oil) England 11.765%
----------- ----------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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