Alba Mineral Resources Share Discussion Threads

[temmujin] 03/12/2016 10:23

graphite is the futures and alba have loads and the best quality

[moneymunch] 02/12/2016 06:52

The price of oil is everything on generating profit and shareholder value at Brockham on production and Horse Hill on the sale of test during the planned EWT's, the higher the price the higher the profit the higher the share price ......Gla holders.........Sidetrack imminent and free flowing limestones will be a game-changer for all concerned and increase market and investor interest at HH where Alba hold 9.75%.

Paul Vonk Angus Ceo 14/11/16

"The operating expenses for these assets ( Brockham & Lidsey ) are between US$14-20 a barrel, meaning Angus is likely to be cash generative even at the current depressed oil price."

[moneymunch] 01/12/2016 19:53

Oil prices have reached their highest level in a year amid hopes in financial markets that the Opec cartel will make a deal to curb crude production stick.

The cost of a barrel of Brent crude rose by more than $2 to just over $54 a barrel as the rally that greeted news of an agreement reached by producing nations in Vienna extended into a second day.

Sam Wahab, director of oil and gas research at Cantor Fitzgerald Europe, said: “WednesdayR17;s] agreement has truly changed the landscape for oil over the coming years, putting a floor of $50 a barrel under oil prices.

“It means 2017 will likely see prices around the $55-$60 a barrel mark, and we may yet see further jumps in prices as soon as next week if the non-Opec members also agree a production cut at their meeting on Friday 9 December.”

[moneymunch] 01/12/2016 09:40

Perfectly poised.....gl ;-)

[[e-mail]] 01/12/2016 08:45

NICE AND STEADY CLIMB 04

[moneymunch] 01/12/2016 05:05

$52.37 and rising , the icing on the sidtrack Christmas cake. Gla ;-)

[moneymunch] 30/11/2016 19:34

Published on 30 Nov 2016

Shares in Alba Mineral Resources PLC (LON:ALBA) have been on the rise since the summer and could add another 30% in the coming weeks and months, according to Zak ‘King of Charts’ Mir.
“At the moment it looks like Alba is in recovery mode,” Mir explains in the latest segment of the Proactive Investors TIP TV Bulletin Board series.
“We’ve had a golden cross buy signal for the shares between the 50-day and 200-day moving averages earlier in November… [which] is normally a longer-term buy signal.”
A golden cross is generally viewed as a bullish sign and is when a stock’s short-term moving average breaks above the long-term moving average.
Mir reckons the junior mineral explorer could now be set to build on its recent rally by adding another 0.1p or so.
“The target there at the top of that June channel is up to 0.45p and that’s valid while there’s no break back below the 200-day moving average.”

[moneymunch] 30/11/2016 12:32

Brent at $51 plus.....a big spike on a deal for production cut more than likely ....perfect timing for free flowing limestones., and the chart now looks perfectly primed for an imminent Rns or to. Gla . ;-)

[moneymunch] 30/11/2016 09:43

Oil on the bounce and pushing $50 , OPEC Meeting today, a big spike more than likely if they agree production cut......a great time for an imminent sidetrack and free flowing limestones. ;-)

[geoff0458] 30/11/2016 08:15

All buys looks like another blue day :)

[moneymunch] 30/11/2016 08:05

As well as the excitement in testing the Kimmeridge limestones at Brockham, the Corallion horizon could also be of great interest during the planned sidetrack, it's a shale layer with an upper and lower band of limestone/coral that lies between the oil saturated Kimmeridge interval and Oxford Clays......, another likely area that's naturally fractured that would allow the oil to accumulate. Gla Excitings times with transformational upside on free flowing limestones, which may include the Corallian. ;-)

[beebong1] 30/11/2016 08:00

Just goes to show how well the on line newspapers do their research!!!

"Xodus has read the Nutech report. Although it presents an interesting comparison with the Horse Hill-1 potential, Xodus’s view is that there is insufficient information available to provide a credible assessment of the petroleum volumes in place and/or recoverable from the deeper reservoirs that is in accordance with the PRMS standards and AIM guidelines."

Hardly. The mail read the DOR Nutech report commissioned by DOR. Angus commissioned Xodus.

He who pays the piper.................

[scyther] 29/11/2016 16:41

Good buying today with those late trades over 0.36 showing that any buying should take us nicely higher

[moneymunch] 29/11/2016 15:21

Hence the transformational upside opportunity on successful sidetrack results....a game-changer on free flowing Kimmeridge limestones for Alba et al, and full market focus and interest on Horse Hills planned EWT's thereafter.......Paul Vonk Angus CEO was clearly excited at the prospects and potential in his recent interview, stating that the cuttings from BP's 1987 drill match those of Horse Hill and even suggested that BP may have perforated the wrong section and missed the limestones potential. Gla holders...Exciting times with significant upside more than likely on the next Rns or two in run up to sidetrack completion. ;-)))

[beebong1] 29/11/2016 14:13

Not quite the same take that Angus have. Did Nutech get paid more (ouch. bit my tounge)

"It is Xodus’ view that whilst the flow test results at Horse Hill are a relevant analogue for the Kimmeridge potential in the Brockham field, given the lack of understanding of the subsurface model it is not possible to provide any meaningful figures or chance of success associated with the Kimmeridge potential in Brockham. A recent study by Nutech Energy Alliance Ltd (“Nutech”;)4 on the deeper sections
of the Brockham-1 well has identified oil potential in the Portland, Kimmeridge, Oxford, Oolite and Lias.
In the report Nutech provides estimates of the volumes of oil in place per square mile, based on the Brockham-1 well. Xodus has read the Nutech report. Although it presents an interesting comparison with the Horse Hill-1 potential, Xodus’s view is that there is insufficient information available to provide a credible assessment of the petroleum volumes in place and/or recoverable from the deeper reservoirs that is in accordance with the PRMS standards and AIM guidelines."

[moneymunch] 29/11/2016 14:09

News on Greenland also expected soon.....more upside beckons for Alba....a gem of a share. :-)

3/10/16

Alba Mineral Resources plc (AIM: ALBA) is pleased to announce that it has successfully completed an extensive airborne electromagnetic (EM) survey at the Amitsoq graphite project in southern Greenland, targeting graphite zones and extensions of the former graphite mine at Amitsoq, nickel and platinum group elements to the north of the former mine as well as potential gold targets on the mainland to the south of Amitsoq island.

Our contractor has now commenced the processing of the data acquired in the survey. Further developments will be announced as and when they are available.

----------------------------------

The principal objective is to establish and prove up the continuity of the known graphite deposit and former graphite mine, both along strike and at depth

The EM survey will also target:

known Nickel-Platinum Group Element anomalies on Amitsoq island

Gold targets further south along strike from a known gold deposit and former gold mine

By the use of the deep penetration EM system selected, Alba seeks to fast-track the exploration and development of the Amitsoq Project

[moneymunch] 29/11/2016 14:04

Good luck all holders.....Brockham's sidetrack imminent imho and a game-changer for Alba on free flowing limestones. On and Up !!! :-)


Nutech reports 282 million barrels of Oil in Place per square mile for Brockham-1 well in the UK’s Weald Basin


London-quoted Doriemus PLC (ISDX: DOR) is pleased to announce that US-based Nutech Ltd ("Nutech"), one of the world's leading companies in petrophysical analysis and reservoir intelligence, has independently assessed the Brockham-1 well. Drilled by BP in 1987 under UK Production License PL 235, this Weald Basin well sits approximately 6 miles north west of Gatwick Airport, with an estimated total oil in place (“OIP”) of 281.7 million barrels of oil (“MMBO”) per sector or per square mile inclusive of all reservoirs within the well.

The Executive Summary of the Nutech Report (“Nutech Report”) on the Brockham-1 well is appended to this news release, and the complete Nutech Report can be seen on the Company’s website.

In comparison, Nutech’s previous reported OIP assessment of the the nearby Horse Hill-1 well (“HH-1”), located approximately 4.5 miles from the Brockham play, reported a total of 158 MMBO OIP per square mile last year. This excluded the previously reported Upper Portland Sandstone oil discovery previously announced on 9 April 2015. The flow testing of the HH-1 well, as announce on 21 March 2016, reported a total aggregate stable dry oil flow rate of 1,688 barrels of oil per day from two of the three Kimmeridge Limestones and the Portland Sandstone. The pay zones successfully flow tested at HH-1 in February and March this year are similar to those seen in the Brockham-1 well.

Doriemus is a partner in the planned Brockham sidetrack and will take advice from Nutech in order to provide input and suggestions to the operator.

David Lenigas, Executive Chairman of Doriemus Plc, commented:

“The great advantage of the Brockham oil field is that it is already a producing oil field and any new production should be able to be put on line relatively quickly. This Nutech work for Doriemus has highlighted that the conventional Portland Sandstones and the Kimmeridge Limestones that were oil productive at the Horse Hill -1 well near Gatwick Airport are indeed evident at the nearby Brockham Oil Field. Doriemus looks forward to participating in the next phase of developing the oil potential of Brockham with the proposed drill of the next side track well designed to penetrate the Portland and the entire Kimmeridge sections of the well."

Bill Boykin, NUTECH Energy’s EVP Business Development, commented:

“From the initial NUTECH petrophysical and reservoir analysis, we are excited about the potential of the Brockham oil field. It is early in the assessment with limited data, but we are looking forward to updating the reports as additional information comes in from log/core data from new drills and additional production data from completions.”

[beebong1] 29/11/2016 13:59

Haven't quite got the hang of ramping yet. Am I doing it wrong?
Is there something wrong with quoting from official documents?

[beebong1] 29/11/2016 13:28

and yet Angus admission document says;

"2.2.2 Nutech report on Brockham-1 well On 13 September 2016
Doriemus Plc published the findings of a report it had commissioned from Nutech Ltd into the Brockham-1 well
13. Some of the relevant sections extracted from this announcement are set out below.
“Doriemus has acquired the rights to the adjacent Horse Hill-1 well ("HH-1") and Collendean Farm-1 well (“CF-1”) analysis (Doriemus is a stakeholder in the Horse Hill license) to assist with the assessment of the nearby Brockham-1 well and launched an initial study on Brockham-1 to better understand the potential in this play.”
“Included in the analysis by Nutech is a cross section of the three wells, CF-1, HH-1, and Brockham-1 to understand the geological variations across the Basin where the wells lay. It is seen that there are some geologic variations across the 4.5 miles in between the HH-1 and Brockham-1 within the Portland zone, but the overall stratigraphy remains prevalent.”
The report cautions:
“It is imperative to realize the limitations on the analysis in the bulk of the Kimmeridge zone where only sonic porosity logs were available. The lack of high quality data reduces the confidence level of the quantitative results. To overcome this, offset logs in junction with a robust process driven methodology yield reliable qualitative results.”"

[beebong1] 29/11/2016 13:15

But the Alba conditional agreement to acquire a majority interest in Amitsoq has not gone through yet and from what I can make out the results will not be released until it has.