Alba cuts value of Horse Hill stake by a quarter
Alba Minerals has downgraded the value of its investment in the Horse Hill oil field in Surrey by more than £1.43m.
Alba Minerals has downgraded the value of its investment in the Horse Hill oil field in Surrey by more than £1.43m.
The Horse Hill production site in Surrey has cut its planned capacity for crude oil storage by more than 80%.
IGas blamed the Covid-19 outbreak and a low oil price for falls in production and revenue, along with a rise in debt, in the first half of the year.