Business
Brockham Licence Update
Brockham Licence Update.
About this update from Alba Mineral Resources Plc
[{"type":"text","content":"\n \nRNS Number : 7944E Alba Mineral Resources PLC 11 May 2017 \n\nAlba Mineral Resources plc\n(\"Alba\" or the \"Company\")\nCompletion of Acquisition of 5% Interest in Brockham Licence \n \nThe Company is pleased to announce that, pursuant to the terms of the Farm-Out Agreement between Alba and Angus Energy Weald Basin No 3 Limited (\"Angus\"), and following receipt of the consent of the Oil and Gas Authority (\"OGA\"), the Brockham partners have now completed the assignment from Angus to Alba of a 5 per cent participating interest in Production Licence (PL) 235 comprising the Brockham Oil Field. Alba is now therefore a licensee under PL 235.\nThis announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.\n \nFor further information please contact:\n \n\n\n\n\nAlba Mineral Resources plc\nMichael Nott, CEO\n \n\n\n \n+44 20 7264 4366\n\n\n\n\nCairn Financial Advisers LLP\nJames Caithie / Liam Murray\n\n\n \n+44 20 7213 0880\n \n\n\n\n\nDowgate Capital Stockbrokers Limited\nJason Robertson / Neil Badger\n\n\n \n+44 1293 517744\n \n\n\n\n\nAbout Alba\nAlba 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 also has a direct 5% interest in Production Licence 235, which comprises the producing onshore Brockham Oil Field.\nAlba owns a 90 per cent interest in the Amitsoq Graphite Project in Southern Greenland and has an option over the remaining 10 per cent.\nIn addition, the Company has 100 per cent of the Limerick base metal project in the Republic of Ireland and has applied for the reissue of a uranium permit in northern Mauritania, centred on known uranium-bearing showings.\nAlba continues actively to review and discuss numerous other project opportunities which have value-enhancing potential for the Company whether by bolt-on or stand-alone acquisition, farm in or joint venture.\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCEAESEFENXEAF\n ","length":3940,"tagName":"div"}]