Alba Mineral Resources said it had been advised by the operator, Angus Energy, that it had received final approval from the Oil and Gas Authority for the field development plan addendum at the Brockham oil field.
It said the operator had further advised as follows:
- As stated in the announcement of 11 May 2017, this OGA approval is the final regulatory consent needed for production to commence from the Kimmeridge layers in well BR-X4Z.
- The X4Z well will initially produce from a 200 metre naturally fractured section of a 385 metre thick Kimmeridge interbedded shale and limestone layer.
- Prior to initiating production, the operator will install a connection to the National Grid for the distribution of excess power generated on-site as outlined in the Company announcement of 22 Sep 2017.
- Upon completion of this installation, production from X4Z will commence.
- The operator has reiterated that there will be no hydraulic fracturing or 'fracking' at the Brockham Oil Field.
- The operator's previous guidance on the Brockham oil field remains unchanged.
Alba's executive chairman, George Frangeskides, said: 'This is a significant announcement, following as it does closely on the heels of the grant of planning approval last Wednesday for extended flow tests to take place at the Horse Hill Project.
'This puts Alba in a strong position in relation to the investments we have made in the UK onshore oil & gas sector.'