RE: It never ceases to amaze me.28 Apr 2018 15:39
From the recent RNS:
Our objectives at Alba over the past few years have been to strengthen our asset portfolio by identifying assets with
real potential to be brought into commercial production. This began within a few months of my appointment in
2014, when we made our first foray into the UK oil and gas sector with the acquisition of an initial five per cent
interest in the Horse Hill consortium. Some four years later, having amassed an 18.1 per cent stake in the Horse
Hill consortium, we are now the second largest shareholder in that consortium, as well owning as a five per cent
interest in the Brockham Oil Field which has post financial year end brought the first production revenues since
Alba was formed as a company. And on the mining side, we have strengthened our portfolio greatly, in particular
as we now own 90 per cent of the high grade Amitsoq graphite project, and 100 per cent of the high grade Thule
Black Sands ilmenite project, both in Greenland.
Having now developed what we consider to be a strong asset base, with a diversified mix of commodities in stable
jurisdictions, we enter a year at Alba when we expect to see key development milestones reached at some of our
key projects.