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Alba Mineral Resources plc

Excitement builds at Alba Mineral Resources as Horse Hill production tests impress

George Frangeskides, executive chairman of Alba Mineral Resources Plc (LON:ALBA), tells Proactive London's Andrew Scott he's very encouraged following the release of the latest data out of the Horse Hill production testing campaign.

Stats have indicated the so-called ‘Gatwick Gusher’ project’s Kimmeridge zones can be “commercially viable”, according to the project’s operator.

It was revealed that the KL3 zone, one of the multiple zones in the targeted Kimmeridge play, had initially produced oil at a rate of 771 barrels of oil per day, and, marked a peak rate of 909 bopd, before reducing to averaging a rate of 342 bopd over the full test period.

Quick facts: Alba Mineral Resources plc

Price: 0.19 GBX

Market: AIM
Market Cap: £6.7 m
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Alba Mineral Resources releases maiden resource for Thule Black Sands project

Alba Mineral Resources plc's (LON:ALBA) chairman George Frangeskides talks Proactive London's Andrew Scott through a maiden resource that's been released for the Thule Black Sands (TBS) project in north-west Greenland. The study reveals a 19mln tonne inferred resource comprising 43.6%...

on 15/5/19

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