Alba Mineral Resources Share Discussion Threads

[beebong1] 23/11/2016 08:19

You said "Alba holds 9.75% on free flowing limestones at Brockham"

You also said "there'll be a stampede for Ukog and HH players shares"

Game set and match to me.

Perhaps you should read what you write before you post.

I'm even more convinced English is not your strong point.

Australians keep digging holes lol

[moneymunch] 23/11/2016 08:04

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 GBP187,125, 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] 23/11/2016 08:02

Pmsl...you desperate numptie, we know exactly who to trust and it's certainly ain't you!!!....." a stampede for HH players shares where Alba holds 9.75%!!!! OGA approval and sidetrack start date imminent. Significant upside beckons!!! ;-)

[beebong1] 23/11/2016 07:58

"where Alba holds 9.75% on free flowing limestones at Brockham"

Really. I thought ALBA had 5% of Brockham!!! They have never tested the limestones at brockham so they can hardly be free flowing IMO.

This is what ALBA have to say

"Alba has an option to farm in to 5% of 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 Option is a “two for one promote” arrangement, such that if Alba elects to exercise the Brockham Option, it must fund 10% of the cost of the well or side-track (from spudding to first oil) in order to earn its 5% interest. "

www.albamineralresources.com/page.php?pID=51

Difficult to know who to trust!

[moneymunch] 23/11/2016 07:13

Lol, cheers Uxbridgearms, anytime now and on all on the back of a potential big spike in oil prices with Opec and friends all set to cut production....there'll be a stampede for HH players shares where Alba holds 9.75% on free flowing limestones at Brockham, but imagine the interest with oil back to $60 plus plus.....exciting times with undoubted transformational upside potential ahead. :-)

[uxbridgearms] 23/11/2016 01:15

Go for it MM, for sure here is some good stuff to come.

[beebong1] 22/11/2016 14:45

EB3604MZ/A001--Angus Energy Weald Basin No.3 Ltd
Pre – EA Permit Ref:N/A
Waste Management Licence No:403648
Site Type:S1501
EPR Ref:EB3604MZ/A001
Site Address:Feltons Farm, Old School Lane, Brockham, Betchworth, Surrey
Site PostCode:RH3 7AU
Licence Holder Name:Angus Energy Weald Basin No.3 Ltd
Trading Name:N/A
Site Name:Brockham Oilfield
NGR:TQ1884848668
Easting:518848
Northing:148668
Status Description:Issued
Issued Date:14/10/2016


Is that the 14th of October this year it was issued? No wonder we couldn't find it before then.

So much for them having the licence Ho Ho Ho

It is beyond belief that a Waste Management Licence would be held back as price sensitive information.

[beebong1] 22/11/2016 11:16

Facts about Brockham that he will not tell you.

Licence expires in 2017 and will be taken away if they cannot prove field is economical.

This is the well the sidetrack will be drilled from.
Well BR-X4, drilled in 2007, with a 7” casing set and cemented at 692m completed with a 4½” slotted liner.
It was believed that a total of 135m of Unit 4.2 had been penetrated, although the wellbore has passed through the unit on 3 occasions. The first and third sections of Unit 4.2 had oil shows, the middle section had none. The well produced 400 bpd of water. The well has had several workovers, trying to isolate water and to perforate other intervals, but with no real benefits to production. BR-X4 can be produced intermittently, starting with 100% oil and then quickly going to 100% water. There is no certainty on the reservoir sections the wellbore crossed, neither from which part of the well the fluids are produced.

This is the CPR for Brockham
Brockham Field (PL235) 55% 1P 38 2P 45 3P 51
1P reserves are 380,000 barrels of oil

Kimmeridge has not been proven. Only logs are from original well drilled in 1987.

moneymunch has more posts than Santa although he will probably dispute that at great length and a number of times repetitively again and again.

[moneymunch] 22/11/2016 10:35

Lol, probably to stifle his negativity with my positivty, although some what tiresome and over the top at times, the basher cohorts can't go unchallenged otherwise their remit and snide agenda to undermine and deter can impact sentiment....they generally go quiet as the share price rises and good news arrives that they claim wasn't likely. We're going to find out very soon who's on the money with the imminent news on Brockham and Greenland. Gl :-)

[lanty33] 22/11/2016 09:43

Why do you bother with that idiot mmunch.?He is a truly loathsome
person, Do as I have done...put him on filter,

l33

[gazza102] 22/11/2016 08:33

All coming together nicely

[moneymunch] 22/11/2016 08:28

From this mornings final results RNS from GUN and it';s investment in ALBA who are participating with ANGS in the drilling of the Brockham side track well which will shortly be spudded....



"Likewise we are very enthusiastic about the nearby and soon to be spudded Brockham side track well which we have exposure to via our investment in Alba Mineral Resources."

[moneymunch] 22/11/2016 08:28

From this mornings final results RNS from GUN and it';s investment in ALBA who are participating with ANGS in the drilling of the Brockham side track well which will shortly be spudded....



"Likewise we are very enthusiastic about the nearby and soon to be spudded Brockham side track well which we have exposure to via our investment in Alba Mineral Resources."

[moneymunch] 21/11/2016 19:39

A great time for free flowing limestones at Brockham and across the Weald. Gl ;-)

Oil rallies ahead of OPEC decision on output
01:34

By David Gaffen | NEW YORK

Oil prices rose over 4 percent to a three-week high on Monday, bolstered by growing conviction that major oil producing countries would agree to limit output at a meeting next week.

Brent crude oil briefly touched $49 a barrel. The London benchmark has risen 11 percent in a week since Saudi Arabia, the de facto leader of the Organization of the Petroleum Exporting Countries, started a diplomatic charm offensive to persuade the group's more reluctant members to join its proposed output plan.

OPEC members are due to agree a world oil freeze pact with non-OPEC countries on

In recent days, several OPEC members including Iran, along with non-member Russia, have suggested they were leaning toward a deal to limit output.

"When you’ve got all of the major players on board with a production cut, obviously you're very close to getting a deal done," said Phil Flynn, senior market analyst at Price Futures Group in Chicago.

[moneymunch] 21/11/2016 18:59

21/11/16

David Lenigas ‏@DavidLenigas 14m14 minutes ago

Great to see oil price moving up and I'm excited about drilling Brockham oil well this year! @DoriemusPlc

[moneymunch] 21/11/2016 17:12

The PW 475 was originally booked for the sidetrack in 2014 before plans were shelved. PW Well Services have a work over unit on their books, the PW Moor 400 which is powered by a 475 HP engine, and so maybe the very same work over unit ......i'm not in the slightest concerned about what rig will be used for the sidetrack, only your know it all attitude and derision that follows, when more often than not you're wrong. You definitely think you're an expert, and you have an aversion and phobia on any positive news and developments for the Weald players that might lead to a successful conclusion.....pmsl.......Gla holders OGA approval anytime now imho, and confirmation of sidetrack start date to follow and Greenland update must be close. ......Significant upside more than likely ;-))))

[beebong1] 21/11/2016 16:52

a one of operation (Since a HWU is not designed for drilling operations there were some challenges to overcome)

so where are the details of this PW 475 then?

[moneymunch] 21/11/2016 16:45

The majority of us know the difference in drilling operations, but as usual it was the extent of your derision in my suggestion that a work over rig might be used which would be mobile and quick to install and operate as opposed to a full scale drilling rig which was mentioned on Lse, the PW 475 appears to be a work over unit and there are other examples.

Drilling a sidetrack using a Hydraulic Workover Unit

[beebong1] 21/11/2016 16:29

They are going to drill a sidetrack, not work it over. You use a drilling rig to drill a well. You use a work over rig to work over a well.

en.wikipedia.org/wiki/Workover

In Schlumberger we trust


workover
English
1. n. [Drilling]
The repair or stimulation of an existing production well for the purpose of restoring, prolonging or enhancing the production of hydrocarbons.

2. n. [Well Workover and Intervention]
The process of performing major maintenance or remedial treatments on an oil or gas well. In many cases, workover implies the removal and replacement of the production tubing string after the well has been killed and a workover rig has been placed on location. Through-tubing workover operations, using coiled tubing, snubbing or slickline equipment, are routinely conducted to complete treatments or well service activities that avoid a full workover where the tubing is removed. This operation saves considerable time and expense.

drilling rig
English
1. n. [Drilling]
The machine used to drill a wellbore. In onshore operations, the rig includes virtually everything except living quarters. Major components of the rig include the mud tanks, the mud pumps, the derrick or mast, the drawworks, the rotary table or topdrive, the drillstring, the power generation equipment and auxiliary equipment.

[beebong1] 21/11/2016 15:11

And that is ancient history. Moneymunch is getting really desperate with the news now.
SAD
And to think they are talking about the sidetrack they are going to be drilling into the Portland now. It has taken them over two years to decide to actually do it.
And to think it all started in 2013.
Nothing about drilling this year then!

[moneymunch] 21/11/2016 13:49

A work over rig had been booked for Brockham's sidetrack back in 2014 before plans were shelved, and so something similar this time around imho,.....mobile and quick to utilise . Gl ;-)

Independent Report, Brockham Oil Field, UK - RNS - London Stock Exchange
www.londonstockexchange.com › DOR
28 Feb 2014 - The PW Wells Services 475 rig has been contracted for the side track well ... looks forward shortly to the drilling of the side track well at Brockham, which is ...





P W Well Services Ltd


WORKOVER UNITS

TECHNICAL SPECIFICATION

Model Moor 400 self-propeller workover rig
Servicing Depth 4000m (13123 feet) using 2 7/8 inch tubing
Work Over Depth 3200m (10499 feet) using 2 3/8 drilling pipe
Maximum Hook Load 212,500 lbs
Engine Detroit diesel engine Series 60
Rated Power of Engine 475 HP

[beebong1] 21/11/2016 10:05

5% if you are lucky