TIDMALBA

RNS Number : 3446M

Alba Mineral Resources PLC

20 September 2021

Alba Mineral Resources plc

("Alba" or the "Company")

Horse Hill Update

Production Facilities Upgrade

Alba Mineral Resources plc (AIM: ALBA) notes the announcement today by UK Oil & Gas Plc ("UKOG"), as majority shareholder of Horse Hill Developments Limited (the Operator of the Horse Hill Oil Project in the Weald Basin in southern England), that it has completed a planned two-week production facility upgrade at the Horse Hill Oil Field.

UKOG further reports that:

-- the works included modifications to prepare the site for automated 24-hour continuous production operations, together with the installation of the first tranche of permanent facility equipment required under the Health and Safety Executive's Control of Major Accident Hazards (COMAH) regulations; and

   --    following the shutdown period necessary to undertake the works, oil production has now been re-established. 

Further material updates will be released as and when the Company is made aware of these.

For further information, please contact:

 
 Alba Mineral Resources plc 
  George Frangeskides, Executive Chairman    +44 20 3950 0725 
 
 Cairn Financial Advisers LLP (Nomad) 
  James Caithie / Liam Murray                +44 20 7213 0880 
 
 ETX Capital (Broker) 
  Thomas Smith                               +44 20 7392 1494 
 
 

Alba's Project and Investment Portfolio

 
 Project (commodity)            Location     Ownership 
 Mining Projects 
 Amitsoq (graphite)             Greenland    100% 
                               -----------  ---------- 
 Clogau (gold)                  Wales        90% 
                               -----------  ---------- 
 Dolgellau Gold Exploration 
  (gold)                        Wales        90-100% 
                               -----------  ---------- 
 Gwynfynydd (gold)              Wales        100% 
                               -----------  ---------- 
 Inglefield (copper, cobalt, 
  gold)                         Greenland    100% 
                               -----------  ---------- 
 Limerick (zinc-lead)           Ireland      100% 
                               -----------  ---------- 
 Melville Bay (iron ore)        Greenland    100% 
                               -----------  ---------- 
 TBS (ilmenite)                 Greenland    100% 
                               -----------  ---------- 
 Oil & Gas Investments 
 Horse Hill (oil)               England      11.765% 
                               -----------  ---------- 
 

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END

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(END) Dow Jones Newswires

September 20, 2021 09:17 ET (13:17 GMT)

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