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

Alba Mineral Resources raises £750,000 as production resumed at Brockham

By Duncan Ferris

Date: Thursday 29 Mar 2018

LONDON (ShareCast) - (ShareCast News) - Oil and gas explorer Alba Mineral Resources confirmed on Thursday that it has successfully raised £750,000 through the issue of 250m new shares at 0.3p each.
The company will use the proceeds to advance its interests across its existing portfolio of UK oil and gas assets at Horse Hill and Brockham, its mining projects in Greenland and Wales, and for working capital purposes.

Following admission of the shares, the total number of shares in issue will be 2,581,948,268.

Meanwhile, Alba Mineral Resources also confirmed that Brockham Oil Field operator Angus Energy has resumed continuous production at the BR-X2Y well at a rate of 21 barrels of oil per day (bopd), with production expected to increase to around 35 bopd over the next seven days.

The operator will resume routine exportation of all production during the current quarter, with all operations set to be performed through conventional production rather than fracking.

Alba holds a 5% interest in the Surrey-based onshore Brockham Oild Field through its holding in production licence 235.

An application for a production plant at fellow Brockham well BR-X4 submitted to Surrey County Council (SCC) in October has not yet been completed, with Alba stressing that "it is in the best interests of all stakeholders to wait for SCC to complete its process".

As of 0941 BST, Alba Mineral Resources' shares were up 8.29% at 0.38p.

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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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