Alba Mineral Resources PLC SCC Approves Planning Application for Brockham (2276X)

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                           [phone] 

Cairn Financial Advisers LLP (Nomad)

   James Caithie / Liam Murray                                               [phone] 

First Equity Limited (Broker)

   Jason Robertson                                                               [phone] 
 
 
   Yellow Jersey PR (Financial PR/ 
   IR) 
 Tim Thompson / Henry Wilkinson 
  [e-mail]                                    [phone] 
 

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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August 08, 2018 08:26 ET (12:26 GMT)