Proactive Investors - Run By Investors For Investors

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.

 
View full ALBA profile View Profile

Alba Mineral Resources plc Timeline

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use