Alba Mineral Resources Share Discussion Threads

[beebong1] 17/11/2016 15:44

sells showing as sells now

Paul Vonk has already said Portland CPR has been included in MCap so no reason for any rise, apart from pure speculation, on drilling Brockham until they test the unproven Kimmeridge IMO.
If the Portland production does not meet 150 bopd as predicted the share price of Angus could drop below the placing price IMO.

[defcon3] 17/11/2016 08:29

Buys showing as sells again

[beebong1] 17/11/2016 07:49

Gone fishing

[beebong1] 16/11/2016 15:17

Think you need to get a new life rather than worrying about what I do.
Is the drop here due to money going to Angus?
Answers on a postcard.

Have you sold yet MM?

[scyther] 16/11/2016 13:59

We should have zinc and lead results from Ireland anytime now as well as Greenland results??Does anyone here have the ear of the BOD at all?

[moneymunch] 16/11/2016 13:23

Alba's imminent Greenland graphite and gold update could catch the eye.....gla ;-)

China’s ambitions in the Arctic may seem far-fetched. Yet it is already making investments that could start a sea change, said independent researcher Jichang Lulu.

Late last month, Shenghe Resources, a Shanghai-listed firm that processes rare earth materials, took a 12.51 per cent stake in Greenland Minerals and Energy, becoming its largest individual shareholder.

The agreement also allows Shenghe to increase its stake to 60 per cent once the firm’s flagship Kvanefjeld project enters the development stage. If Greenland were to become independent of Denmark, such economic clout could leverage significant influence, Lulu said.

[moneymunch] 16/11/2016 12:36

Angus on the march......OGA approval and confirmation of start date for Brockham's sidetrack coming and a re-rate here. Gl :-)

[moneymunch] 16/11/2016 10:43

Pmsl, beewrong, the snide lowlife troll share basher. ....what a way to spend your valuable time. ....get a proper job you desperate sad numptie!!!

[beebong1] 16/11/2016 08:20

www.timeanddate.com/countdown/newyear

Nice little app

[scotty666] 16/11/2016 08:07

I think you are both off your rockers.

[beebong1] 16/11/2016 08:00

Yet another post that detracts from the share. Methinks MM is going off his rocker and seeing things that don't exist. Just like a drill at Brockham. Santa will be coming down the chimney next. Ooops. That has probably upset 50% of the posters on here.
How did it go at ALBA yesterday. Another stellar day or was it a re-rate!!!
How can it be imminent when it takes 3 weeks for HSE approval? Misuse of the English language yet again. Is it your first language?

[beebong1] 15/11/2016 16:27

"Very healthy drop"
Never heard that one before. Is that money pouring out of 5% ALBA into 55% Angus lol

Not sure I would buy shares in a company that sold 10% of a companies shares for only for them to be subsequently sold on for £1.777 though. A profit of £1.277m missed.
Looks like the Brooks brothers may have made a killing but DYOR on that one.

[moneymunch] 15/11/2016 10:56

Very healthy drop as the weak and traders take their profit......Big news coming on Brockham and Greenland imho. .....Significant upside more than likely and a game-changer on free flowing Brockham limestones ......and a stampede for HH players shares where Alba hold 9.75% on a successful sidetrack .....gla holders....hold tight and enjoy the ride....truly transformational upside potential ..:')

[moneymunch] 15/11/2016 10:27

9/8/16

Subject to the receipt of regulatory approvals, the Operator has informed the Company that it expects to commence drilling by the end of this year.

Alba originally secured this option to earn a five per cent interest in Brockham as part of its acquisition from Angus Energy in October 2015 of a 5 per cent interest in Horse Hill Developments Limited, the 65 per cent owner of the Horse Hill oil and gas project (PEDLs 137 and 246). Alba's earn in to Brockham was originally agreed to be on a "two for one" promote basis, whereby Alba would pay a ten per cent contribution to the cost of the drilling of the side-track well (from spudding to first oil) in order to earn its 5 per cent interest. Alba has now agreed with Angus that Alba's contribution to the cost of the side track well from spudding to first oil shall be capped, for all dry hole costs, at a maximum of £187,125, plus a maximum of a further 10 per cent of the AFE (Agreement For Expenditure) to be issued for production/well testing, and Alba shall only be required to fund Brockham joint account costs incurred and cash called thereafter in accordance with its five per cent interest only, and no higher

The Company considers this entry cost to a fully developed and recently producing oilfield to be modest, not least since Alba is able to commence its participation in Brockham on the cusp of an exciting development, namely the drilling of a side-track well via which the Operator expects to be able to recommence production at Brockham

[moneymunch] 15/11/2016 09:29

The expectations from Angus were that the sidetrack would be underway this year, as stated by Ukog, DOR, Alba and especially from DL recently.....the EA approval is the most important factor for the OGA to rubber stamp the application and so I reckon we should have confirmation and start date very soon.......and the Greenland update anytime now. Exciting times for all shareholders with so much significant near term upside potential.:-)

[moneymunch] 15/11/2016 08:19

The sidetrack will be from an existing well bore, but they still have permission for another 3 wells.......Gla holders OGA approval imminent!!! ;-)

Production: Side-track to increase production to ~150bopd from Portland Sandstone

Exploration: Kimmeridge limestone layers to be assessed with same side-track

INVESTOR PRESENTATION JULY 2016

BROCKHAM SUMMARY

Horse Hill-1 well test in early 2016 providing compelling rationale to drill Brockham BR-X4Z side-track into Kimmeridge Limestones

Brockham is a production field under production license PL235

Original planning permission for the drilling of up to six wells at the site (currently three well bores to surface)

Planned side-track to drill through producing Portland reservoir as well as Kimmeridge limestone layers and the Top Coralian

Side-track to increase production from the Portland reservoir to >150 bopd at economic OPEX (P50 first 3yr avg. of $20.4/bbl)

Following drilling and logging Kimmeridge Limestone layers opportunity to fast-track monetisation of Kimmeridge hydrocarbon potential.

[moneymunch] 15/11/2016 07:20

OGA & HSE approval for Brockham's sidetrack and start date imminent......as per Angus Energy and the rest of the players that the sidetrack would be underway this year..........the EA approval was the most important.......the OGA & HSE is more a formality with EA approval and Production License already in place..... Gla ;-)

[moneymunch] 14/11/2016 22:34

Details of sidetrack application via link, from existing production well, applications are made electronically and are more a formality with EA approval in place. Gla holders, Brockham's sidetrack start date anytime now. ;-)


Introduction WONS (Well Operations Notifications System) is an Energy Portal application to allow the UK Oil & Gas Industry to apply for, notify and receive consent for a wide range of drilling and related activities as required under Production Licences.

The primary focus of WONS is the technical (geological and geophysical) basis for planned wells, collating and assigning consent for activities required under the model clauses of Production Licences (and various landward licences). WONS works by a system of online submissions: applications for planned activity (from the operator), consents for that activity (from OGA) and notifications of what actually took place (from the operator).

Applications may be supported by mandatory or optional supporting documents which can be attached to the relevant submission.

Further permits and notifications will be required (for example, environmental permits for offshore wells handled by DECC’s Portal Environmental Tracking Software and for onshore wells, HSE, relevant local
authority and Environment Agency submissions).

However, consent under the Production licence issued by the OGA from WONS will
normally be the final consent in place before drilling can commence.

[moneymunch] 14/11/2016 21:55

ps beewrong , how many posts did you make stating that no application for EA had been made and because no application was in the public domain, no application had been made....HOW MANY????

[lastdrop] 14/11/2016 21:40

Oil minnow Angus Energy shone on its AIM debut
14th November 2016


Brockham oilfield, which is next to Horse Hill
14th November 2016


Angus Energy (ANGS) managing director Paul Vonk
14th November 2016

[beebong1] 14/11/2016 21:04

"Also a big question mark over whether they even have the environmental go-ahead to do the drilling."

is not the same as saying "that NO application to the EA had been made"

Your understanding and use of the English language is beyond belief!!!