REG - Alba Mineral Resrcs. - Horse Hill Update

Alba Mineral ResourcesAnnouncement

15/08/2022 13:30

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RNS Number : 0605W  Alba Mineral Resources PLC  15 August 2022

Alba Mineral Resources plc

("Alba" or the "Company")

 

Horse Hill Update

 

Alba Mineral Resources plc (AIM: ALBA) reports that 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)
(together the "Operator"), has provided the following update in relation to
the Horse Hill Oil Project in which Alba owns an 11.765% effective interest:

"UK Oil & Gas PLC (London AIM: UKOG) announces that further to the Court
of Appeal's February 2022 dismissal of the challenge by Finch on behalf of the
Weald Action Group (Finch et al) to Surrey County Council's grant of Horse
Hill production consent (UKOG 85.635%) , the Company now understands that,
disappointingly, but perhaps not unsurprisingly, the claimant has been given a
final legal avenue to appeal to the Supreme Court. Should the claimant adopt
this final permitted course of action, it is expected to be heard some time
from Q2 2023 onwards. No further action by the claimant will be permissible
after any such hearing. Planning consent currently remains in full force and
lawful oil production at Horse Hill will continue until further notice.

"At the last count, five judges and the Court of Appeal have dismissed this
case. Consequently, the Company and its legal counsel remain convinced that
planning consent was granted entirely lawfully, and will, therefore, strongly
contest any further action against its interests.

"Following the Environment Agency's full Horse Hill production consent in
May this year, a new Unico pump has recently been installed in the H H-1
oil producer. The prior pump is being refurbished as an additional spare.
Preparatory work towards converting HH-2z into a produced saline water
reinjector continues."

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation and the Directors of the Company are responsible for
the release of this announcement.

 

**ENDS** 

 

For further information, please visit www.albamineralresources.com
(http://www.albamineralresources.com/) or contact: 

 

Alba Mineral Resources plc 

George Frangeskides, Executive Chairman
 
+44 20 3950 0725  

 

SPARK Advisory Partners Limited (Nomad)  

Andrew
Emmott 
+44 20 3368 3555  

 

OvalX (Broker) 

Thomas
Smith
+44 20 7392 1494 

 

St Brides Partners (Financial PR) 

Isabel de Salis / Catherine Leftley
 
alba@stbridespartners.co.uk 

 

 

Alba's Projects and Investments 

 Mining Projects Operated by Alba        Location        Ownership 
 Clogau (gold)                           Wales           90% 
 Dolgellau Gold Exploration (gold)       Wales           90-100% 
 Gwynfynydd (gold)                       Wales           100% 
 Limerick (zinc-lead)                    Ireland         100% 
 Investments Held by Alba                Location        Ownership 
 GreenRoc Mining Plc (mining)            Greenland       54% 
 Horse Hill (oil)                        England         11.765% 

 

 

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