ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

ALBA.GB Alba Mineral Resources Plc

0.075
-0.0175 (-18.92%)
28 Mar 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Alba Mineral Resources Plc AQSE:ALBA.GB Aquis Stock Exchange Ordinary Share GB00B06KBB18
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0175 -18.92% 0.075 0.065 0.085 0.075 0.068 0.075 1,641,249 16:29:58
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Alba Mineral Resources PLC Brockham Update (1331P)

14/11/2016 4:00pm

UK Regulatory


Alba Mineral Resources (AQSE:ALBA.GB)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Alba Mineral Resources Charts.

TIDMALBA

RNS Number : 1331P

Alba Mineral Resources PLC

14 November 2016

Alba Mineral Resources plc

("Alba" or the "Company")

Environment Agency permission received for drilling of the Brockham side-track

Alba is pleased to announce that Angus Energy plc (the "Operator"), has informed the Company that it has today received permission from the Environment Agency to drill the BR-X4Z side-track at the Brockham production oil field, licence PL 235, in which Alba is earning a 5% interest.

The Operator will now seek the Health and Safety Executive ("HSE") and Oil and Gas Authority ("OGA") permissions needed to drill the BR-X4Z side-track at Brockham. We will update the market in due course.

Michael Nott, Alba CEO, commented: "Receiving the Environment Agency's permission to drill the Brockham side-track is an important step. The objective of the upcoming side-track is to increase and prolong production from the Portland reservoir while also giving us an opportunity to assess the potential of, and if successful, produce from the Kimmeridge and Upper Corallian formations."

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               +44 20 7264 4366 
 Cairn Financial Advisers 
  LLP 
  James Caithie / Liam Murray     +44 20 7213 0880 
 Dowgate Capital Stockbrokers 
  Limited 
  Jason Robertson / Neil 
  Badger                          +44 1293 517744 
 

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 has earned the right to a 49 per cent interest in the Amitsoq Graphite Project in Southern Greenland and has agreed to acquire a further 41 per cent interest in the Project, subject to Greenlandic regulatory approvals.

In addition, the Company has recently renewed its Limerick base metal licence in the Republic of Ireland, and 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.

Alba continues actively to review and discuss numerous other project opportunities which have value-enhancing potential for the Company whether by acquisition, farm in or joint venture in a range of jurisdictions around the world.

This information is provided by RNS

The company news service from the London Stock Exchange

END

DRLUSSVRNVAAAAA

(END) Dow Jones Newswires

November 14, 2016 11:00 ET (16:00 GMT)

1 Year Alba Mineral Resources Chart

1 Year Alba Mineral Resources Chart

1 Month Alba Mineral Resources Chart

1 Month Alba Mineral Resources Chart

Your Recent History

Delayed Upgrade Clock