Business
Horse Hill Flow Test Operations Commence
Horse Hill Flow Test Operations Commence.
About this update from Alba Mineral Resources Plc
[{"type":"text","content":"\n \nRNS Number : 2985O Alba Mineral Resources PLC 08 February 2016 \n\n8 February 2016\nAlba Mineral Resources plc\n(\"Alba\" or the \"Company\")\nHorse Hill-1 Oil Discovery, Weald Basin, UK\nFlow Test Operations Commence\n \nAlba Mineral Resources plc (AIM: ALBA) announces that it has been notified by Horse Hill Developments Limited (\"HHDL\") that operations have now commenced at the Horse Hill site to conduct the extended flow test over three separate zones in the Horse Hill-1 (\"HH-1\") oil discovery well.\nAs previously reported, the extended flow test is designed to test both the oil bearing Upper Portland sandstone and two Kimmeridge limestones beneath the Portland.\nThe HH-1 discovery well, drilled at the end of 2014, is located within onshore exploration Licence PEDL137, on the northern side of the Weald Basin near Gatwick Airport. Alba owns a 9.75% interest in PEDL137.\nMike Nott, Alba's CEO, commented: \"This is an important development for the Project and we look forward to receiving the results of the flow test in due course.\"\n \nAppointment to Board of HHDL\nAlba is also pleased to announce that, in recognition of its increased shareholding in HHDL, which now stands at 15%, Alba's Chairman, George Frangeskides, has been appointed as Alba's representative and a Non-Executive Director on the Board of HHDL.\n \nAlba's interest in Horse Hill\nThe HH-1 well is located within onshore exploration Licence PEDL137, on the northern side of the Weald Basin near Gatwick Airport. Alba owns a 15% direct interest in HHDL, a special purpose company that owns a 65% participating interest and operatorship of licence PEDL137 and the adjacent Licence PEDL246 in the UK Weald Basin.\n \nQualified Person's Statement:\nStephen Sanderson, Executive Chairman of UK Oil & Gas plc, who has over 30 years of relevant experience in the oil industry, has approved the information contained in this announcement on behalf of Alba. Mr Sanderson is a Fellow of the Geological Society of London and is an active member of the American Association of Petroleum Geologists.\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 3696 4616\n\n\n\n\nCairn Financial Advisers LLP\nAvi Robinson / James Caithie\n\n\n \n+44 20 7148 7900\n&...