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Alba Mineral Resources completes acquisition of 5% interest in Brockham Licence

Angus Energy plc. (the "Group") notes the announcement released by Alba Mineral Resources plc ("Alba") this morning:

'The Company is pleased to announce that, pursuant to the terms of the Farm-Out Agreement between Alba and Angus Energy Weald Basin No 3 Limited ("Angus"), and following receipt of the consent of the Oil and Gas Authority ("OGA"), the Brockham partners have now completed the assignment from Angus to Alba of a 5 per cent participating interest in Production Licence (PL) 235 comprising the Brockham Oil Field.  Alba is now therefore a licensee under PL 235.'

Accordingly this formalises the 5% interest of Alba in PL235 that Angus Energy was holding in a trust arrangement as referred to in the Angus Energy AIM Admission document.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

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