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Excitement builds at Alba Mineral Resources as Horse Hill production tests impress

George Frangeskides, executive chairman of Alba Mineral Resources Plc (LON:ALBA), tells Proactive London's Andrew Scott he's very encouraged following the release of the latest data out of the Horse Hill production testing campaign.

Stats have indicated the so-called ‘Gatwick Gusher’ project’s Kimmeridge zones can be “commercially viable”, according to the project’s operator.

It was revealed that the KL3 zone, one of the multiple zones in the targeted Kimmeridge play, had initially produced oil at a rate of 771 barrels of oil per day, and, marked a peak rate of 909 bopd, before reducing to averaging a rate of 342 bopd over the full test period.

Quick facts: Alba Mineral Resources plc

Price: 0.19 GBX

AIM:ALBA
Market: AIM
Market Cap: £6.7 m
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Alba Mineral chairman looks forward to definitive Horse Hill flow test results

George Frangeskides talks about the study underway at Horse Hill, where first results today indicated good flows from the conventional Portland section.   Tests start soon on the keenly anticipated deeper Kimmeridge sections and Frangeskides is hopeful results will also be...

on 19/7/18

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