Alba Mineral Resources Share Discussion Threads

[sammydog1] 18/8/2017 08:37

Just bought another nearly 1.7million @52.2 TO ADD TO MY COLLECTION.GLA. (DELAYED)

[25wbh] 18/8/2017 08:17

a move in the right direction

[lanty33] 17/8/2017 15:39

hitman filtered!

[squiresquire] 16/8/2017 16:05

GRAYLYN

Many thanks for that, really good stuff, cheers

[thehitman1] 16/8/2017 13:33

Good luck all and sorry to be honest.

[thehitman1] 16/8/2017 13:32

Funding almost done, around 0.35-0.4, don't be shocked.

[thehitman1] 16/8/2017 13:30

AAOG NEXT BIG ONE.

PLACING NEWS NEXT FOR ALBA!!!.

[graylyn1] 16/8/2017 13:29

3.3m buy @ .54 nice

[graylyn1] 16/8/2017 13:27

yes, the share price lacks attention by the market, don't know why because when you examine the prospects here and then look at the mkt cap its just crazy. I think the next news from either HHDL or Angus (re-Brockham) will send this upwards Sharply!! imho.

Brockham

Alba is earning a 5% interest in Production Licence 235 (“PL 235”), which comprises the producing onshore Brockham Oil Field, which is located just to the north-west of the Horse Hill licences. 

The Brockham Oil Field is located on licence PL235 in the Weald Basin in Surrey, southern England. The field was discovered by BP in 1987 with the drilling of the Brockham-X1 well. The field was in production until early 2016, and had average daily production of approximately 35 bopd from the Brockham-X2Y production well. 
In March 2017 Alba was advised by the Operator, Angus Energy plc (“Angus” or the “Operator̶1;), that, following extensive analysis of the BR-X4Z sidetrack well, the Operator’s intention is to bring the Kimmeridge into production at the existing Brockham production facility as soon as the necessary OGA approval is in place.

The Brockham X4Z well, drilled in Q1 2017 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.  Horse Hill Developments Limited (“HHDL”), the operator of the well at Horse Hill, in which project Alba has a 9.75% economic interest, 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 has confirmed as follows:
The preliminary results from the Brockham X4Z well confirm very similar thickness of reservoir and properties to those reported at Horse Hill. The gross thickness of the Kimmeridge formation in Brockham X4Z is some 385m.
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.

The first use in Europe of the Weatherford Ultra Wave Acoustic borehole imaging tool has made it possible to see fractures in the borehole directly, without the need to infer fractures from logs. The information thereby obtained has 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 Kimmeridge 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.

Operations are in hand to install new production facilities for the well and to prepare for production as soon as necessary OGA approval is in place. 
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.uk).

[squiresquire] 16/8/2017 13:00

They are still way behind though, i think the re-rate on good news could be impressive

[cudmore] 16/8/2017 12:41

These are looking good for the next RNS from UKOG.

[graylyn1] 16/8/2017 01:32

timw3 filtered

[timw3] 15/8/2017 22:26

Heads Up on MATD

MATD HUGE news today, Fallen from 32p when Bergen deal was announced and now NO MORE DILUTION till Mid Oct.. .MASSIVE upside with 2 Billion barrel prize Drilling next month!

Back to 30p levels soon.

[timw3] 14/8/2017 23:10

Heads up Seller cleared at AAOG... $800m spud in 4 weeks!!

AAOG without doubt in play now seller out with that 1m sell printed after hours.

Fincapp valuations:

Mengo hit 750bopd - £70m MCAP - £1
Djeno hit 10k bopd - £750m MCAP - £10

So £11 potential vs 28p share price

Current market cap is only £10m once cash is stripped out.

£10m cap vs $1billion potential...

No brainer at these levels.

60p+ target at least prior to spud in 4 weeks

[25wbh] 14/8/2017 15:58

did at one point but I missed seeing why but agree ,it doing ok

[cudmore] 14/8/2017 15:51

Steady buying here today. Ready to tick up surely?

[25wbh] 14/8/2017 14:10

yes ,like u have no worries just impatient for more news

[graylyn1] 14/8/2017 13:12

Bit slow today, Angus and Ukog moving up!

[25wbh] 11/8/2017 16:50

great , many thanks B

[graylyn1] 11/8/2017 16:49

26th June 2017

[25wbh] 11/8/2017 16:37

thanks for that, what date was that released out of interest?

[graylyn1] 11/8/2017 16:21

cant have long to wait??

Alba Mineral Resources plc ("Alba" or the “Company”;) Update on Brockham oil field operations

Alba announces that it has been informed by the Operator of the Brockham oil field, Angus Energy plc (“Angus” or the “Operator̶1;), that Surrey County Council has now confirmed that the planning application to regularise the upgraded surface infrastructure at the Brockham Oil Field (PL235) will not require an Environmental Impact Assessment.

The Brockham site has undergone extensive modification and upgrade works (including new site cabins, fencing, concrete bunding works for high rate production equipment and associated surface structures) in preparation for the new oil production planned from the recent Brockham operations. This work is separate to the subsurface work undertaken by Angus and in this regard, Angus has advised that its guidance on 10 March 2017, and reiterated since then, remains unchanged.
Angus has advised that previous guidance provided by the Operator for oil production to commence from the Kimmeridge at Brockham in the summer 2017 remains unchanged.

In addition, the Company notes the RNS, “Oil Seeps from Kimmeridge Limestone Core Samples”, which was published last week by UK Oil & Gas Investments plc. (“UKOG”) in relation to the Broadford Bridge project in the Weald Basin.
In this regard, the Company has been advised by Angus as follows:
 The initial coring results at the Broadford Bridge exploratory site, approximately 30km southwest of the Brockham Oil Field, reported on Friday are supplementary confirmation of Angus Energy’s RNS of 3 March 2017 outlining the detailed maturity analysis and fracture analysis of the Brockham-X4Z well’s Kimmeridge reservoir utilising the Weatherford Ultra Wave Acoustic Borehole Imaging Tool.  Results of Angus Energy’s published analysis on the Brockham-X4Z side track confirmed the reservoir consists of numerous interbedded layers of limestone and shale with abundant natural fracturing. The gross thickness of the Kimmeridge reservoir in Brockham-X4Z is calculated to be 385 metres. Further analysis strengthens our hypothesis that the Kimmeridge reservoir in that flank of the Weald Basin (covering Brockham, Horse Hill etc.) is a single reservoir. This Kimmeridge reservoir is naturally fractured and can be produced via conventional production methods (i.e. no fracking). The production of the Kimmeridge oil will be realised via the natural fracture system present in the interbedded limestone and shale layers in the reservoir.  A 200-metre band of the reservoir in Brockham-X4Z is naturally fractured and will be placed into production following final consent from the OGA.

Alba further notes the further RNS published this morning by UKOG in relation to Broadford Bridge, but of relevance to Horse Hill, which included the following statement:
“The presence of light mobile oil in fractured Kimmeridge shales is highly significant. At first look, this corroborates the finding from Horse Hill-1 that oil production was
likely derived from a much larger reservoir "tank" than the two KL3 and KL4 zones alone. The possibility that we have encountered a single 600-700 feet thick, naturally fractured oil reservoir section, encompassing all four Kimmeridge Limestones and underlying a significant proportion of the wider Weald Basin, will now be rigorously examined during the flow testing programme.”