Last checked at 10 Mar 2017 08:09
10 March 2017
Alba Mineral Resources plc
("Alba" or the "Company")
Brockham Update
Alba Mineral Resources plc (AIM: ALBA) announces that it has been advised by the Operator, Angus Energy plc ("Angus" or the "Operator") that, in respect of a BBC London news item yesterday evening where claims were made that the Brockham X4Z well drilling was 'unauthorised', the Operator is of the firm opinion that the drilling of the BR-X4Z well, which was approved by the OGA, EA and HSE, did not constitute a breach of the planning consents. The Operator has advised the Company that discussions with Surrey County Council are ongoing.
The Company will update the market as soon as it has further material information.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information please contact:
Alba Mineral Resources plc Michael Nott, CEO
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+44 20 7264 4366 |
Cairn Financial Advisers LLP James Caithie / Liam Murray |
+44 20 7213 0880
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Dowgate Capital Stockbrokers Limited Jason Robertson / Neil Badger |
+44 1293 517744
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About Alba
Alba holds a 15 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. Alba is also earning a 5% interest in Production Licence 235, which comprises the producing onshore Brockham Oil Field.
Alba is the owner of 90 per cent of the Amitsoq Graphite Project in Southern Greenland. In addition, the Company recently renewed its Limerick base metal licence in the Republic of Ireland until May 2018. The Company has applied for the reissue of a uranium permit in northern Mauritania. The new Mauritanian permit will be on a reduced area, and is centred on known uranium-bearing showings.