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% 
                               -----------  ----------

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDMZGZLFGVGMZM

(END) Dow Jones Newswires

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

Alba Mineral Resources (LSE:ALBA)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Alba Mineral Resources Charts.
Alba Mineral Resources (LSE:ALBA)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Alba Mineral Resources Charts.