Horse Hill Update
Updated : 14:18
Alba Mineral Resources plc
("Alba" or the "Company")
Horse Hill Update
Production Facilities Upgrade
Alba Mineral Resources plc (AIM: ALBA) notes the announcement today by UK Oil & Gas Plc ("UKOG"), as majority shareholder of Horse Hill Developments Limited (the Operator of the Horse Hill Oil Project in the Weald Basin in southern England), that it has completed a planned two-week production facility upgrade at the Horse Hill Oil Field.
UKOG further reports that:
· the works included modifications to prepare the site for automated 24-hour continuous production operations, together with the installation of the first tranche of permanent facility equipment required under the Health and Safety Executive's Control of Major Accident Hazards (COMAH) regulations; and
· following the shutdown period necessary to undertake the works, oil production has now been re-established.
Further material updates will be released as and when the Company is made aware of these.
For further information, please contact:
Alba Mineral Resources plc George Frangeskides, Executive Chairman | +44 20 3950 0725
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Cairn Financial Advisers LLP (Nomad) James Caithie / Liam Murray | +44 20 7213 0880
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ETX Capital (Broker) Thomas Smith | +44 20 7392 1494
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Alba's Project and Investment Portfolio
Project (commodity) | Location | Ownership |
Mining Projects | ||
Amitsoq (graphite) | Greenland | 100% |
Clogau (gold) | Wales | 90% |
Dolgellau Gold Exploration (gold) | Wales | 90-100% |
Gwynfynydd (gold) | Wales | 100% |
Inglefield (copper, cobalt, gold) | Greenland | 100% |
Limerick (zinc-lead) | Ireland | 100% |
Melville Bay (iron ore) | Greenland | 100% |
TBS (ilmenite) | Greenland | 100% |
Oil & Gas Investments | ||
Horse Hill (oil) | England | 11.765% |
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