Angus Energy says Alba completes acquisition of interest in Brockham
Angus Energy said Alba Mineral Resources has now completed the acquisition of 5% participating interest in Production Licence 235 comprising the Brockham Oil Field.
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Under the terms of the farm-out agreement between Alba and Angus Energy Weald Basin No 3 Ltd, and following receipt of the consent of the Oil and Gas Authority, the Brockham partners had now completed the assignment of the 5% to Alba.
Alba was now a licensee under PL 235.
At 10:58 BST, shares in AIM-quoted Angus Energy were up 1.39% to 9.12p each. Those in AIM-listed Alba were flat at 0.24p each.