Nutech report on Brockham-1 well in Weald Basin

RNS Number : 6751J

Alba Mineral Resources PLC

13 September 2016

 

13 September 2016

Alba Mineral Resources plc

("Alba" or the "Company")

Nutech report on Brockham-1 well in Weald Basin

Alba, which has exercised an option to farm into 5 per cent of UK Production Licence 235 (PL235) ("Brockham") in the Weald Basin, notes with interest the announcement made today by Doriemus plc, a company admitted to ISDX and which has a 10% interest in Brockham, as to the results of an independent assessment by Nutech Ltd, a petrophysical analysis and reservoir intelligence company, of the Brockham-1 well (the "Nutech Report").

Alba has not made any independent inquiries as to the accuracy or completeness of the press release issued by Doriemus Plc.  The board of Alba accepts no responsibility for the contents of the Nutech Report.

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	[phone]
Cairn Financial Advisers LLP James Caithie/Liam Murray	[phone]
Dowgate Capital Stockbrokers Limited Jason Robertson / Neil Badger	[phone]

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 also has exercised an option to farm into 5% of Production Licence 235, which comprises the producing onshore Brockham Oil Field.

Alba has the right to earn up to 70 per cent of the Amitsoq Graphite Project in Southern Greenland.  In addition, the Company has recently renewed its base metal and gold 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 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.

 

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