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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Alba Mineral Resources Plc | LSE:ALBA | London | Ordinary Share | GB00B06KBB18 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.07 | 0.065 | 0.075 | 0.07 | 0.07 | 0.07 | 14,209,538 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 0 | -2.04M | -0.0003 | -2.33 | 4.99M |
Date | Subject | Author | Discuss |
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03/3/2017 07:22 | Additional oil shows were observed in the Portland and Corallian formations. Currently, the Brockham number 2 well is a temporarily suspended producing well from the Portland reservoir and the Operator is confident of additional production from the Portland from Brockham X4Z in due course. The Corallian formation, with good indications of both gas and oil, is still being evaluated. · Further technical analysis of the results is contained in a presentation prepared by Angus, a copy of which is available on the Angus website (www.angusenergy.co. Michael Nott, CEO, commented: "These results are very positive for the Weald Basin as a whole, and very positive also for Alba given our interests at both Horse Hill and Brockham. We look forward to the work that will be undertaken by the consortium over the coming months and the benefits that will arise for all shareholders and stakeholders." | moneymunch | |
03/3/2017 07:14 | 0.80 on the cardMay b 1p | tmmalik | |
03/3/2017 07:11 | great results - even if we had moneymunch write the RNS it wouldn't have been more bullish !! | scotty666 | |
03/3/2017 07:11 | Brilliant news production asap wooooooooooooooshhhh | datait | |
03/3/2017 07:08 | Angus Energy PLC Brockham Field Update RNS Number : 4115Y Angus Energy PLC 03 March 2017 3 March 2017 Angus Energy plc ("Angus Energy", "Angus" or the "Company") Brockham oil field - BR-X4Z Drilling results confirming potential to place Kimmeridge into production at the Brockham oil field (PL 235) Angus Energy plc (the "Group") is pleased to announce that, following the extensive analysis of the BR-X4Z sidetrack well, the Company's intention is to bring the Kimmeridge into production at its existing Brockham production facility as soon as the necessary OGA approval is in place. The Brockham X4Z well, drilled to a total depth of 1,391m, was planned to evaluate the Portland, Corallian and Kimmeridge formations at Brockham including an evaluation of the Kimmeridge reservoir that had been demonstrated by the Horse Hill discovery 8 km to the South. The operator of the well at Horse Hill has announced cumulative production rates of over 1,500 barrels per day in short term testing. The Brockham X4Z well was intended to establish whether the evidence of a potential reservoir reported at Horse Hill extended further North into the Brockham Licence. The well was therefore intended to answer three main questions. Is the reservoir section in Brockham similar in thickness and reservoir properties to what had been reported at Horse Hill? Is there evidence of naturally occurring fractures to enable production of oil using conventional means? Is the content of oil in the Kimmeridge similar to Horse Hill where oil was tested at substantial rates? Angus Energy is pleased to announce that the preliminary results from Brockham X4Z confirm very similar thickness of reservoir and properties to those reported at Horse Hill. The gross thickness of Kimmeridge in Brockham X4Z is some 385m thick. The two limestone intervals (each around 30m) tested in Horse Hill are also seen in the Brockham well. The reservoir properties appear to be very similar to Horse Hill, based on electrical logging evidence. Angus took the search for natural fractures a stage further by using the Weatherford Ultra Wave Acoustic borehole imaging tool. This is its first use in Europe. Technical papers are to be presented on this at DEVEX shortly. The tool made it possible to see fractures in the borehole directly, unlike the need to infer fractures from logs. The information confirmed not only evidence of natural fractures in the two main limestones intervals previously tested at Horse Hill, but also confirmed abundant natural fractures in sections of interbedded shales and limestones between and below the two main limestones. Around 200m of the reservoir has this potential. Angus took many samples during the drilling to use for geochemical analysis. The initial results of this work show total organic content through the Kimmerdige section between 2-12%, exceeding Horse Hill in places. Furthermore, evidence shows that the highest organic content corresponds to the limestones and, in particular, the intervals in between the limestones which have natural fracturing. Whilst organic content is not the same as oil content, it is indicative of those sections where oil content will be highest. This supports the potential for some 200m of reservoir of interest. Actual oil content depends on the extent to which burial has resulted in pressures and temperatures sufficient to generate oil. Initial Tmax and Hydrogen Index readings correspond with Horse Hill data. Since oil was produced briefly at Horse Hill and as it is most likely that the oil in the Portland Sandstone in Brockham is sourced from the Kimmeridge, the evidence backs a similar oil content to Horse Hill. Therefore, based on the evidence so far, Angus has confidence that the well will be similar to Horse Hill and perhaps given that the reservoir is potentially much thicker in zones not previously tested the results could be even better. These results achieve everything short of production to prove the potential from this zone. In line with Angus's measured approach to field development, operations are in hand to install new production facilities for the well and to prepare for the production as soon as necessary OGA approval is in place. Targeted completion for production is in spring/summer 2017. Our professional team will shortly be meeting Surrey County Council to discuss the position in relation to the sidetrack and also to agree what further planning permissions are necessary in order to regularise the existing site cabins, fencing and associated structures. In addition, additional oil shows were observed in the Portland and Corallian formations. Currently, the Brockham number 2 well is a temporarily suspended producer from the Portland reservoir and the Company is confident of additional production from the Portland from Brockham X4Z in due course. The Corallian formation with good indications of both gas and oil is still being evaluated. Fuller technical analysis of the results is contained in a presentation prepared by Angus, a copy of which is available from the Company's website: www.angusenergy.co.u | moneymunch | |
03/3/2017 07:07 | That'll do donkey, that'll do ! | oakville | |
03/3/2017 07:07 | That'll do donkey, that'll do ! | oakville | |
01/3/2017 08:37 | 26/1/17 The Brockham oilfield has now been successfully completed and potential reservoirs have been logged in all the Portland, Kimmeridge and Corallian layers with all three formations having hydrocarbon shows. The 6" hole has been electronically logged using quad combo and Ultra Wave fracture analysis. It has been cased and cemented, whilst the old open hole side-track has now been abandoned and cemented up back to inside the main well casing. The well will now, upon OGA confirmation, be renamed BR-X4Z. Further log analysis and laboratory work is currently being undertaken to provide a better understanding of the Kimmeridge and other formations, but from the evidence so far, these appear to be the same in structure to the oil bearing Kimmeridge sections in the nearby Horse Hill-1 well. Notably, the Corallian formation, which lies immediately below the Kimmeridge, had both oil and gas shows. George Frangeskides, the Alba's Executive Chairman, commented: "We are pleased to learn that hydrocarbon shows, which we understand were missed in the previous drilling by BP in 1987, have been encountered in the Portland and the three Kimmeridge target intervals. The reported oil and gas shows in the underlying Corallian are also very encouraging. We understand from Angus Energy that analysis is underway to identify the extent of hydrocarbon presence and the ability of these hydrocarbons to freely move into the wellbore and that the use of New Ultra Wave well logging technology will, once the results are analysed, enable us to target the most prospective zones which have the highest potential for future production." | moneymunch | |
01/3/2017 07:19 | Lol Slanty Dogs breath....let's wait for the data from the Brockham log results, free flowing Brockham limestones will be well received and full market focus for HH's extended flowtests thereafter, where Ukog are getting ready and are obviously highly confident judging by their new appointment. Gla holders.......Alba's share price will bounce soon enough. ;-) Allen Dee Howard, aged 39, has been appointed as Non-Executive Director. Allen is Senior Vice President of Houston-based Premier Oilfield Laboratories, having previously been Chief Operating Officer of well analysis experts Nutech. Allen also held senior positions with Schlumberger. He holds a degree in Chemical Engineering from Texas Tech University and an MBA from Mays Business School in Texas. Allen Howard brings a wealth of technical expertise in well analysis and completions, huge experience and knowledge from the US onshore sector, plus a global network of industry and finance contacts. He is a hugely valuable addition to our Board to help move our Kimmeridge Limestone exploration assets into production." | moneymunch | |
28/2/2017 20:35 | I see that idiot moneymunch is still making a fool of herself! | lanty33 | |
28/2/2017 14:18 | Looks as if a placing may be coming. But at .3 I have taken the risk. | barnetpeter | |
28/2/2017 14:02 | Or brockham not as expected? | niceyman1 | |
28/2/2017 13:55 | Looks like fund raise on its way at 0.25. | thehitman1 | |
28/2/2017 09:51 | The current share price offers tremendous upside potential on immient news from Brockham and the data analysis of the gold targets at Amitsoq and more importantly the extent, depth and size of the graphite zones which will be crucial data in the next phase of the project. Gla holders, those that are determined to undermine and deter and the same agenda at sub 0.2p and sub 0.3p......:') | moneymunch | |
28/2/2017 08:31 | Yes I noticed they Greenland news release was after the markets closed yesterday. More cash out the door and yet more share dilution and now they have 90% of a very early stage licence. If I were Alba I'd be trying to divest this asap. | frjdnverijtnhj8568934 | |
28/2/2017 08:25 | 'We also note with interest that, after the period, the nearby Brockham field re-entry well, BR-X1z (UKOG indirect interest 1.41%) recorded oil and gas shows throughout the Kimmeridge section. The same observations were made throughout the Kimmeridge at HH-1. Should the BR-X1z well encounter natural-fracturing and flow oil from the Kimmeridge at commercial rates, it will provide further support that the Horse Hill results can be replicated elsewhere, and that the Horse Hill oil deposit likely extends to the north across the 99.3 km² of PEDL137 to Brockham (PL235 8.9 km²). | moneymunch | |
28/2/2017 07:21 | "the overall stabilised flow rate from the two uppermost limestones (KL3 and KL4), which aggregated 1,365 bopd of 40 API gravity dry oil, were beyond our highest expectations. These rates undeniably proved that the limestones could produce at initial commercial rates. No evidence of depletion was indicated from the test data analyses." | moneymunch | |
28/2/2017 07:20 | Ukog Final Results OPERATIONAL REVIEW AND OUTLOOK Horse Hill Onshore licences PEDL137 (99.3 km(2), net interest 31.2%) and PEDL246 (43.6 km(2), net interest 31.2%) contain the Horse Hill Portland and KL light oil discoveries. Long term production testing is planned for 2017, to be followed by two further appraisal/developmen Much of the Company's effort over the past year was focused on the highly successful well tests at HH-1, and numerous follow-up analyses. Although we had expected to encounter moveable light oil in the Kimmeridge, the overall stabilised flow rate from the two uppermost limestones (KL3 and KL4), which aggregated 1,365 bopd of 40 API gravity dry oil, were beyond our highest expectations. These rates undeniably proved that the limestones could produce at initial commercial rates. No evidence of depletion was indicated from the test data analyses. We followed up the flow tests with the acquisition of Angus Energy's and Flowermay Limited's interests in the licences and the submission of an extensive planning application to undertake long-term production testing and drill further wells at Horse Hill. By agreement with Surrey County Council, the determination of the planning application will take place by the end of July following Surrey's May 4(th) local council elections. The timing is in line with our expectations to commence testing in 2017 and our future projected first-oil target. The testing will last for approximately six months. The planned production tests are specifically designed to prove access to a commercial volume of oil in place ("OIP"). Consequently, we expect to be able to make a declaration of commerciality for the Kimmeridge and Portland following these test results. Analysis of the HH flow test data clearly demonstrates that natural fracturing is the key parameter that enabled high natural flow rates. We have learnt a great deal about the origin and pattern of this natural fracture system and plan to collect core and image log data from our new wells to help further this understanding. The HH-1 well test data also indicate that the fractures in KL3 and KL4 could be vertically connected. Consequently, we believe that the well may have connected to a much larger fractured-reservoir "tank" than the the two individual limestones tested. It is, therefore, possible that natural fractures within the shale may also have directly contributed to measured oil flow. This observation has important and positive implications for the quantity of oil that could be recovered from a Kimmeridge well. We will, of course, know more after the upcoming long-term tests. Following the production tests, we plan to drill a further deviated KL wellbore, HH-1z, from the existing HH-1 wellbore, and then a new well, HH-2, designed to access the Portland in both the Horse Hill and Collendean Farm fault blocks. We may use the opportunity to drill a HH-2 pilot hole down through the Kimmeridge to take key core and image log data. These wells are designed to be completed as future permanent oil producers, with first oil planned towards the end of 2018, subject to the necessary regulatory approvals and field development consent. We also note with interest that, after the period, the nearby Brockham field re-entry well, BR-X1z (UKOG indirect interest 1.41%) recorded oil and gas shows throughout the Kimmeridge section. The same observations were made throughout the Kimmeridge at HH-1. Should the BR-X1z well encounter natural-fracturing and flow oil from the Kimmeridge at commercial rates, it will provide further support that the Horse Hill results can be replicated elsewhere, and that the Horse Hill oil deposit likely extends to the north across the 99.3 km(2) of PEDL137 to Brockham (PL235 8.9 km(2)). Furthermore, a good Kimmeridge result would have strong positive implications for our Holmwood well, only 8 km west of HH-1. UKOG, with its extensive 672 km(2) acreage holding in the Weald's "sweet-spot", is well-positioned to exploit this wider oil deposit. The HH-1 Portland oil discovery's importance was further boosted by Xodus' report which determined that the P50 OIP had increased to 32 MMbbl, an increase of 53% from the 21 MMbbl reported prior to 2016 flow testing. Gross Contingent Resources rose to 1.5 MMbbl (0.5 MMbbl net to UKOG) with a further 1.7-6.6 MMbbl gross recoverable ( 0.5-2.1 MMbbl net UKOG) being possible via implementation of a water re-injection scheme. Other Horse Hill-related Activity Highlights -- Xodus' conceptual Weald Kimmeridge Limestone oil development study, pubished in October 2015, showed a low visual impact site could be achieved via wellheads and pumps below ground level. Controlled production could minimise HGV impact on local road infrastructure. -- Nutech calculated a total Horse Hill licence Kimmeridge P50 OIP of 5,198 MMbbl, of which 960 MMbbl is contained in the KL2, KL3 and KL4 (October 2015). -- EY's report, published in April 2016, assessed the potential impact of a Weald-wide KL oil production success case on the UK economy. The report concludes that KL oil production could provide up to 27% of future UK daily oil demand, a gross value-add to the UK economy of up to GBP53 billion and generate significant jobs. -- The Oil and Gas Authority granted licence extensions to PEDL137 and PEDL246 via the creation of "Retention Areas" over the entirety of both licences. | moneymunch | |
27/2/2017 19:05 | Further to the announcement of 20 February 2017, Alba Mineral Resources plc (AIM: ALBA) is pleased to announce that it has now completed the acquisition of a further 41% interest in exploration licence 2013/06, comprising the Amitsoq Graphite Project in Southern Greenland (the "Project") and now owns 90% of the Project. Completion of the acquisition of this further interest was effected by the transfer of shares in the licence holder, Obsidian Mining Limited, for the balance of the purchase price owed, being £90,000, of which £50,000 will be settled by the issue to the vendor, Artemis Resources Limited, of 14,655,839 fully paid ordinary Alba shares, with the balance payable in cash. Alba has now also taken over the existing put and call option over the 10 per cent free carried interest held by a minority shareholder in the Project. This will enable Alba to move in future to 100 per cent ownership of the Project. | moneymunch | |
26/2/2017 08:46 | "will provide our answers in March" and therefore a decision could come far earlier than the deadline imho...Gla holders......all eyes on Brockham!!! ;-) Horse Hill “Gatwick Gusher” planning decision delayed until summer By Ruth Hayhurst on February 24, 2017 • ( 6 Comments ) The decision on whether further testing and drilling should go ahead at the so-called Gatwick Gusher oil site at Horse Hill in Surrey has been put back until July 2017. Officials at Surrey County Council have asked the company behind the plans, Horse Hill Developments Ltd, for more information. A spokesperson for the council said: “We have asked for more clarity on issues such as air quality, the landscape, road frontage and site boundaries.” When the company has submitted the information, the council will announce a new public consultation, likely to last about three weeks. The council and Horse Hill Developments Ltd (HHDL) have agreed on a new deadline of 31 July 2017 for the decision. The planning application, published online in November 2016, includes proposals to: Carry out extended well testing on the existing Horse Hill-1 well (HH-1) Drill a sidetrack to HH-1 Drill a second deviated borehole and flow test it Install security fencing to a larger area of land than the existing site Install acoustic and light barriers, plant, cabins and equipment Restore the site to agriculture and woodland One of the major investors in the Horse Hill site is UK Oil and Gas Investments plc (UKOG). It made this statement on the request for more information: “Surrey County Council have carried out a very thorough public consultation. Information requests have been received from SCC themselves and other third party statutory consultees in the areas of transport, emissions and noise and ecology. We will provide our answers in March. “Bearing in mind that Surrey CC decided that the Horse Hill planning application did not require an Environmental Impact Assessment, the original target period for determining our application was 13 weeks. However, this did fall over the Christmas period and there has been a lot of public interest and feedback. Horse Hill Developments Limited fully appreciates and understands the planning process. “It is worth noting that similar operating activities to those being proposed in 2017 have been carried out at Horse Hill previously, with the exception of the first onshore use in the UK of an enclosed flare, which is a significant environmental advance and highly endorsed by the Environment Agency.” | moneymunch | |
23/2/2017 15:53 | Still hold here but also bought into MPET (now TELL) seeing as they are Horse Hill related. Let's hope that at some point ALBA can follow the same trajectory. | jrpooing | |
23/2/2017 15:47 | Just topped up another 1m and it came up as a sell. Tricks are being played | lev61 |
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