Alba Mineral Resources (ALBA)

Sector:

Mining

Index:

FTSE AIM All-Share

 0.045p
   
  • Change Today:
      0.000p
  • 52 Week High: 0.10p
  • 52 Week Low: 0.035p
  • Currency: UK Pounds
  • Shares Issued: 9,726m
  • Volume: 5,591,684
  • Market Cap: £4.38m
  • RiskGrade: 447

UK Oil & Gas receives final decision from Surrey Council

By Iain Gilbert

Date: Friday 23 Mar 2018

LONDON (ShareCast) - (ShareCast News) - Horse Hill Developments, the operator of its PEDL137 and PEDL246 licences, has received final decision notices to allow test-drilling at the Surrey site to begin, boosting shares in UK Oil & Gas and other investors.
AIM-quoted UK Oil & Gas is among several companies invested in the Horse Hill development, which is principally focussed on the Horse Hill-1 oil discovery.

Decision notices were received on Friday, a matter of months after planning approval was granted by the Surrey County Council back in November, which will enable extended flow tests to be carried out at HH-1, plus drill and test both a sidetrack from the existing well and a new well - Horse Hill-2.

Horse Hill Developments has also received all the necessary permissions from the Environment Agency and was awaiting approval from the Oil and Gas Authority before commencement.

In addition to UKOG, which holds a 32.43% stake in Horse Hill Developments, several other London-listed firms held an interest in the company. Alba Mineral Resources possesses an 18.1% stake in the business, and Primorus Investments and Gunsynd hold a 5% and 2% share, respectively.

As of 0840 GMT, shares in UKOG had gained 4.17% to 1.25p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ALBA Market Data

Currency UK Pounds
Share Price 0.045p
Change Today 0.000p
% Change 0.00 %
52 Week High 0.10p
52 Week Low 0.035p
Volume 5,591,684
Shares Issued 9,726m
Market Cap £4.38m
RiskGrade 447

ALBA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.83% above the market average38.83% above the market average38.83% above the market average38.83% above the market average38.83% above the market average
20.63% above the sector average20.63% above the sector average20.63% above the sector average20.63% above the sector average20.63% above the sector average
Price Trend
82.62% below the market average82.62% below the market average82.62% below the market average82.62% below the market average82.62% below the market average
66.42% below the sector average66.42% below the sector average66.42% below the sector average66.42% below the sector average66.42% below the sector average
Income Not Available
Growth Not Available

ALBA Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
16:26 984,251 @ 0.043p
15:59 422,066 @ 0.045p
15:21 5,032 @ 0.046p
14:51 1,404,242 @ 0.045p
12:00 10,000 @ 0.042p

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