LONDON (ShareCast) - (ShareCast News) - Alba Mineral Resources announced on Friday that it had been advised by the operator, Angus Energy, that following extensive analysis of the BR-X4Z sidetrack well, its intention was to bring the Kimmeridge into production at the existing Brockham production facility as soon as the necessary Oil and Gas Authority approval was in place.
The AIM-traded company said the Brockham X4Z well, drilled to a total depth of 1,391m, was planned to evaluate the Portland, Corallian and Kimmeridge formations at Brockham, including an evaluation of the Kimmeridge reservoir that had been demonstrated by the Horse Hill discovery 8km to the south.

Horse Hill Developments Limited, the operator of the well at Horse Hill, in which Alba has a 9.75% economic interest, had announced cumulative production rates of over 1,500 barrels per day in short term testing.

The Brockham X4Z well was intended to establish whether the evidence of a potential reservoir reported at Horse Hill extended further north into the Brockham licence.

Alba said as a result, it was pleased to report that Angus has confirmed the preliminary results from the Brockham X4Z well showed very similar thickness of reservoir and properties to those reported at Horse Hill.

The gross thickness of the Kimmeridge formation in Brockham X4Z was reportedly some 385 metres.

It also said the two limestone intervals - each around 30m - tested in Horse Hill were also seen in the Brockham well, and the reservoir properties appeared to be very similar to Horse Hill, based on electrical logging evidence.

"These results are very positive for the Weald Basin as a whole, and very positive also for Alba given our interests at both Horse Hill and Brockham," said CEO Michael Nott.

"We look forward to the work that will be undertaken by the consortium over the coming months and the benefits that will arise for all shareholders and stakeholders."

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