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10 Mar, 2017 11:11 10 Mar, 2017 11:14

Alba Mineral Resources shares fall on Angus Energy 'unauthorised' drilling claims

Shares in Alba Mineral Resources are down more than 7% in relation to claims of unauthorised drilling at the Brockham X4Z well, which operator Angus Energy has denied.

Alba Mineral Resources

0.03p

14:00 15/11/24
-1.64%
0.00p

Angus Energy

0.38p

14:04 15/11/24
2.22%
0.01p

FTSE AIM All-Share

728.67

15:45 15/11/24
n/a
n/a

Mining

10,633.77

15:45 15/11/24
1.51%
158.40

Alba earns a 5% interest in Production Licence 235, which comprised the producing onshore Brockham Oil Field.

Angus has told Alba that the drilling did not constitute a breach of the planning consents, and was approved by the OGA, EA and HSE.

This followed a BBC London new item on Thursday night that aired claims the Brockham X4Z well drilling was unauthorised.

Alba promised to update the market as soon as further material information was available.

Angus has advised Alba that talks with Surrey County Council are ongoing.

At 10:44 GMT, shares in AIM quoted Alba were down 7.02% to 0.26p.

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