Alba Mineral Resources plc has completed the sale of its 5% interest in Brockham onshore oil field in Surrey to operator Angus Energy plc.
The metals and minerals explorer said that the move was part of its drive to rationalise its non-core assets.
In settlement of certain back costs and a contribution towards eventual abandonment costs, Alba paid £32,000 plus VAT to Angus.
This was in the form of £6,400 in cash and £32,000 by the issue of 12,407,910 shares in Alba at the 10-day volume weighted average price of 0.2579p per share.
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