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Alba Mineral Resources RNS Release

Appointment of Oil & Gas Consultant


RNS Number : 6242H
Alba Mineral Resources PLC
14 March 2018
 

Alba Mineral Resources plc

("Alba" or the "Company")

Alba Appoints Experienced Oil & Gas Consultant

Alba Mineral Resources plc (AIM: ALBA), the diversified mineral exploration and development company, is pleased to announce the appointment with immediate effect of Sue Corrigan as Alba's Technical Consultant - Oil & Gas. 

Sue Corrigan is a Geologist and Geoscientist with 40 years' industry experience in both Exploration and Development geology. She has extensive experience of reservoir evaluation in the UK Continental Shelf and the UK Southern Gas Basin, Norway, Algeria, Venezuela, Uganda, Kenya, sub-Saharan Africa and West Africa (offshore Ghana). 

Ms Corrigan began her career at Shell and Amoco. Prior to becoming an independent consultant in 2015, she spent over six years at Tullow Oil plc, the FTSE 250 independent oil and gas exploration and production company, including holding the position of Principal Geoscientist between August 2011 and May 2015. 

Ms Corrigan's experience encompasses active participation in a number of North Sea and International field unitisations, numerous screenings and evaluations for potential acquisitions and farm-outs, planning wells in the North Sea and Africa, co-ordination with drilling teams, monitoring of well progress and management of external consultants and services.

Alba's Executive Chairman, George Frangeskides, commented:  

"I am delighted to welcome Sue Corrigan to our team. She brings to Alba a wealth of expertise in the oil and gas sector at a very important time for Alba's oil investments. At Horse Hill, where Alba holds the second largest shareholding in the Operator, Horse Hill Developments Limited (HHDL), following some impending upgrades to site facilities HHDL is due to commence a 150-day production testing programme on the Portland and Kimmeridge KL3 and KL4 reservoirs, with the objective of confirming the presence of a commercially viable oil volume.  This will enable us to then make a declaration of commerciality."

"This significant point in the development of the Horse Hill Project having been reached, and with production expected from the Brockham site in which Alba is also invested, Sue's technical advice and support will be invaluable as we enter this potentially transformational phase for the Company."

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

George Frangeskides, Executive Chairman                        +44 20 7264 4366

 

Cairn Financial Advisers LLP (Nomad)     

James Caithie / Liam Murray                                            +44 20 7213 0880

 

First Equity Limited (Broker)

Jason Robertson                                                             +44 20 7374 2212

   

 Yellow Jersey PR (Financial PR/ IR)

 

 Tim Thompson / Sophia Macleod / Henry Wilkinson

     +44 77 1071 8649

[email protected]

 

 

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

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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