"That is a key component of us getting back and doing some test work," George Frangeskides told Proactive.
The executive director of Alba Mineral Resources PLC (LON:ALBA) said the Horse Hill consortium is now just waiting for approval from the Oil and Gas Authority, before they can go in and do the extended testing they've been 'keenly awaiting."
Alba has recently appointed in its own senior oil and gas team to assess the data and look for other opportunities.
Elsewhere, a significant exploration programme is planned for the licences in Greenland, while mine mapping is underway at Clogau Gold in Wales. "We are on the cusp of some exciting times."
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