Alba Mineral Resources Share Discussion Threads

[beebong1] 09/12/2016 08:06

moneymunch - 05 Dec 2016 - 08:55:21 - 1783 of 1802 ALBA PLC Resource Super Minnow in the making - ALBA
How many billions of barrels of oil in place within the Kimmeridge limestones a across the Weald basin license area's where little old Alba hold 15% direct interest. .....transformational upside potential, and Brockham's imminent sidetrack

moneymunch - 04 Dec 2016 - 17:39:47 - 1779 of 1802 ALBA PLC Resource Super Minnow in the making - ALBA
"roughly 10 days"..........and they're going to test the Corillian limestones as well, that sit between the oil saturated Kimmeridge shale interval and Oxford clays...........a mad dash for Alba shares and a significant rise in share price imho if we get news this week on permit approval and sidetrack start date.

moneymunch - 02 Dec 2016 - 06:52:33 - 1778 of 1802 ALBA PLC Resource Super Minnow in the making - ALBA
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%.

moneymunch - 30 Nov 2016 - 09:43:31 - 1770 of 1802 ALBA PLC Resource Super Minnow in the making - ALBA
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. ;-)

[beebong1] 08/12/2016 13:46

I think your 0.04p prediction was quite good!!! In fact I lmfao so much I couldn't reply until now.

Now we are getting closer to 2017 the "Brockham's sidetrack imminent" is seen less and less.
How many days to go? How many working days?
Just over 3 real weeks.
19 working days maximum. An awful lot less if you are a civil servant! (10 allowing for sickies/shopping days/xmas lunches/xmas parties)

[frjdnverijtnhj8568934] 08/12/2016 09:31

Come on guys lets be sensible. We already now how much the individual assets are worth. If you add up the recent value of the recent transactions of these assets you get 0.2p which is coincidentally the price of the recent placing. Nothing has happened since the placing that suggest the shares are worth more than 0.2p. In fact given the rate Alba spend cash and the certainty of further fund-raisings in the short term the current 0.35p share price looks ridiculously high to me. But as always DYOR.

[moneymunch] 07/12/2016 15:00

0.04p plus in a blink. :-)

[moneymunch] 07/12/2016 14:58

Good news coming. ....gla ;-)

[uxbridgearms] 07/12/2016 00:46

BBC Hard Talk tonight.....very interesting.

[gazza102] 06/12/2016 16:24

But what s Christmas present it will be!!! We could all be millionaires

[scotty666] 06/12/2016 16:09

I understood it shouldn't be too far away, whether it is this side or after xmas doesn't really matter to most investors.

[beebong1] 06/12/2016 13:37

Brockham

"I see no reason why they shouldn't drill this side of Christmas"

Famous last words from Ed McDermott from Optiva

[moneymunch] 06/12/2016 05:33

It's the other Alba, again!!!......gl ;-)

[moneymunch] 05/12/2016 11:24

Brent at $55 plus and maybe more to come with Russia and non-OPEC meeting this Thursday. ...perfect timing for confirmation of free flowing limestones at Brockham. Gl :')

[beebong1] 05/12/2016 10:05

The Weald Basin is about 10,825 km2. Brockham and HH are about 142 sq km.
No way do they have a 15% direct interest in the Weald basin. A very small part of it; yes.

[moneymunch] 05/12/2016 09:41

Lol Beewrong. ....5% of Brockham and 9.75% of HH makes 15% near enough you desperate snide cohort numptie. Gla holders. ....they can't stand to see the share price heading up!!! :-)

[moneymunch] 05/12/2016 08:55

How many billions of barrels of oil in place within the Kimmeridge limestones a across the Weald basin license area's where little old Alba hold 15% direct interest. .....transformational upside potential, and Brockham's imminent sidetrack will give a good indication, a game-changer on free flowing limestones and a mad dash for HH players thereafter for HH'S planned EWT's.....gla holders, Greenland news expected as well. ON and UP!!! ;-)

[beebong1] 05/12/2016 08:31

"KOGL now plan to drill the BB-1 well, located in the southern sector of the Licence during the first half of 2017. BB-1 is a deviated well designed to test naturally fractured conventional KL reservoirs within a "mirror-image" of the geological feature containing the proven Horse Hill Kimmeridge oil accumulation. As previously reported, the well site is constructed and the necessary planning and Environment Agency consents to drill are in place."

IMO could put HH on hold especially if they find oil in abundance at BB, has 1/3 more potential in reserves per sq km than HH and over twice the area. Is 100% UKOG, ready to drill and could come into production earlier if UKOG have any sense.

[moneymunch] 05/12/2016 07:07

Stephen Sanderson, UKOG's Executive Chairman, commented:

"The Nutech analysis securely underpins our rationale for the Licence acquisition and BB-1 drilling plans in 2017. This study, and the resultant four-fold increase in the Company's net Kimmeridge oil in the ground, clearly highlights PEDL234 as a potential flagship asset to sit alongside Horse Hill.



The BB-1 well is designed not only to test a geological mirror-image of the Horse Hill Kimmeridge oil discovery, but, more significantly, to also seek to establish whether Kimmeridge Limestone oil is truly an extensive resource play. If so proven, given the sheer size of the PEDL234 Licence, our 100% interest, and the existence of further multiple identified drilling targets, the impact of BB-1 success would likely be transformational.



Our wider strategy over the forthcoming 18-24 months aims to de-risk the overall Kimmeridge Limestone oil play, both commercially and geographically. Through the planned extended production testing, sidetrack and new well at Horse Hill, the goal is to establish that the Kimmeridge can be brought into commercial production. In parallel, our three-well exploration programme of BB-1, Holmwood-1 and an additional PEDL234 well, also aims to demonstrate that Horse Hill success can be replicated over the central "sweet-spot" of the Weald Basin. We look forward to this journey and eagerly await the start of BB-1 in the first half of 2017."

[moneymunch] 05/12/2016 07:05

5 December 2016

UK Oil & Gas Investments PLC

("UKOG" or the "Company")



PEDL234 Licence, Drilling Plans & Oil in Place Update, Central Weald Basin, UK



Highlights



· Kimmeridge Oil & Gas Limited plans first-half 2017 Broadford Bridge-1 exploratory well to test naturally-fractured Kimmeridge Limestone reservoirs as proven at Horse Hill-1



· Within PEDL234, Nutech calculates a P50 Kimmeridge Clay Formation ("KCF") oil in place ("OIP") of 7.12 billion barrels ("BBO"), of which 1.71 BBO lies within Kimmeridge Limestones





· PEDL234 increases gross attributable P50 KCF OIP within UKOG's licence interests in the Weald by 72%, from 9.95 BBO to 17.10 BBO, representing approximately 21% of Nutech's calculated Weald Basin-wide P50 KCF OIP of 81.95 BBO as announced in October 2015



· PEDL234 significantly increases net attributable P50 Kimmeridge Limestone OIP within UKOG's licence interests in the Weald Basin by 348%, from 0.54 BBO to 2.41 BB



UK Oil & Gas Investments PLC (LSE AIM/ISDX: UKOG) announces that Kimmeridge Oil & Gas Limited ("KOGL"), has informed the Company that analysis by US petrophysical specialists Nutech, calculates that a most likely or P50 OIP value of 1.713 BBO lies within the Kimmeridge Limestone ("KL") reservoirs underlying its 300 sq km Weald Basin licence PEDL234 ("Licence"). As previously reported, these naturally-fractured limestones flowed oil at an aggregate stabilised flow rate of 1,365 barrels per day ("bopd") from the Horse Hill-1 ("HH-1") well, in which the Company has a 31.2% interest. HH-1 is located 17 km to the north-west of the Licence. The entire KCF within the Licence is calculated to contain a total gross P50 OIP of 7.120 BBO. The Company, via its ownership of KOGL, holds a 100% interest in the Licence.



With the acquisition of the Licence, together with the purchase of increased ownership in Horse Hill (PEDL137 & PEDL246) and Holmwood (PEDL143), the Company's estimated net attributable P50 total KL OIP within its licence interests in the Weald Basin, has increased by 348% since October 2015, from 0.539 BBO to 2.414 BBO. Similarly, the Company's estimated net attributable P50 KF OIP has increased by 315% from 2.368 BBO reported in October 2015 to 9.831 BBO.



The gross P50 KL OIP contained within the Company's licence interests in the Weald Basin increased by 82%, from 2.098 BBO reported in October 2015 to 3.811 BBO. Similarly the gross KCF OIP increases by 72%, from 9.952 BBO reported in October 2015 to 17.072 BBO. As illustrated in Table 2, below, this gross P50 KCF represents approximately 21% of Nutech's Weald Basin-wide KCF P50 of 81.915 BBO as estimated and announced on 21 October 2015.



The results of Nutech's analysis are illustrated in Tables 1 and 2 below.

[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."