Alba Mineral Resources PLC SCC Approves Planning Application for Brockham (2276X)
August 08 2018 - 7:26AM
UK Regulatory
TIDMALBA
RNS Number : 2276X
Alba Mineral Resources PLC
08 August 2018
Alba Mineral Resources plc
("Alba" or the "Company")
Surrey County Council Approves Planning Application for Brockham
Oil Field
Alba Mineral Resources plc (AIM: ALBA) is pleased to announce
that Angus Energy plc, the Operator of the Brockham Oil Project,
has notified the Company that planning approval was granted today
by Surrey County Council ("SCC") for the retention of the BR-X4
well, the regularisation of the BR-X4Z side-track, and the
appraisal of BR-X4Z at the Brockham Oil Field.
Angus has further advised that:
-- per the announcement of 25 October, Angus filed this application without prejudice for the continued surface
activities of the production plant required for well BR-X4 and notably, its inclusive sidetrack BR-X4Z;
-- Angus will perform a 7-day well test on the horizontal Balcombe-2z well at Balcombe (in which project the Company
does not hold an interest) prior to commencing today's approved work at Brockham.
-- all operations at Brockham will be performed through conventional production and that there will be no hydraulic
fracturing or "fracking".
The information contained within this announcement is deemed by
the Company to constitute inside information under the Market Abuse
Regulation (EU) No. 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)
Tim Thompson / Henry Wilkinson
alba@yellowjerseypr.com +44 77 1071 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
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END
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