Alba Mineral Resources Share Discussion Threads

[moneymunch] 19/12/2016 08:34

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.

[moneymunch] 19/12/2016 08:26

Ps Angus flying, another one that the snide lowlife cohorts said wouldn't happen. :-)))

[frjdnverijtnhj8568934] 19/12/2016 07:59

Placing at 0.2p in September. Now on no new material news the shares are over 0.4p. Crazy. If these assets that ALBA have acquired are so valuable why did they manage to buy them so cheaply? The HH assets were acquired for a fraction of what they are currently being valued at.

[moneymunch] 19/12/2016 06:58

Lol, lots of profit takers,traders and punters locked out on Friday's rise, and i have got a feeling they will have to pay a substantial premium this week if they want back in on the near term transformational potential upside, on all fronts. Gla holders. Onwards and Up!!! 0.5p plus in a blink. ;-)))

[moneymunch] 18/12/2016 07:04

Lol Uxbridgearms, back under his stone for the time being......less said the better. Gl ;-)


News imminent. ;-)

Angus Energy the operator could be looking at a time frame of only around 3-5 day drill with the well already cased, the first target zone being so shallow.



We are hearing new concrete foundations have been poured so it is looking more likely a new foundation/pad is being used for the drill rig on site.

[scyther] 18/12/2016 02:13

65% for just over double the MCAP of Alba The value gap has started to close on Friday with Angus out performing Alba % wise but there is so much more to come. Angus 17m MCAP owning 65% Alba 7.5m MCAP owning 5%

[scyther] 18/12/2016 02:12

nteresting comment but this well can't be classified as a HH sidetrack can it?It's a sidetrack on the existing well that has produced for years so yes the chance of success is as high as possible really.If each zone can be drilled in 7-10 days imagine what the flow could be like if say 2/3 are drilled over a 30 day period and flowed together?2000/3000 BOPD IS possible going of HH that flowed from the same layer

[moneymunch] 17/12/2016 19:19

a misty morning and day today where i was too.......Gla holders.......Brockham sidetrack results coming soon. ;-)

[moneymunch] 17/12/2016 17:47

How high will the share price of the little gem of a share Alba go in the next few weeks or so.......Brockham sidetrack results, Greenland grahite gold update and permit approval for HH's EWT....a complete game-changer on free flowing Brockham limestones which will significantly increase market focus and investor interest at HH where Alba hold 9.75%......truly transformational upside potential.....a multi-bag in the making, without any doubt!!! Gla holders ;-)

[moneymunch] 17/12/2016 17:21

Exciting times for all Weald players .....Horse Hill's EWT permit approval in the next few weeks highly likely. Surrey County Council, who is responsible for approvals and are dealing with Holmwood, have a meeting planned 11th January.......Watch this space. Gl ;-)

Surrey Count Council
Meeting
Planning and Regulatory Committee
Wednesday, 11 January 2017 10.30 am

Attendance details
Add meeting to your calendar using VCS format

The agenda will be displayed in the week before the meeting

[moneymunch] 17/12/2016 07:13

Sooner rather than later, January more than likely, although dependent on whether or not an EIA is required, which i reckon will not be requested judging by the original drilling application and approval in 2011 and the subsequent drilling history at HH, as HH does not lie in a designated conservation area. gl ;-)

9th Nov 2011

"The proposed hydrocarbon exploration site does not fall within an area, or site, designated for its landscape or nature conservation importance. It is however, located on farmland within a rural area in the Green Belt."

Consultees (Statutory and Non - Statutory)

Environment Agency

No objection subject to two conditions.

Health and Safety Executive

Does not advise on safety grounds, against the granting of planning permission.

Natural England (Soils, Ecology)

The proposal does not appear to affect any statutorily protected sites or landscapes, or have significant impacts on the conservation of soils.


Thames Water Utilities

No objections.




17th Oct 2016

Horse Hill-1 Oil Discovery, Weald Basin, UK

Planning Application for Significant Appraisal Programme, UK Weald Basin

"The normal local planning authority cycle for an application not requiring an Environmental Impact Assessment such as at Horse Hill, takes approximately 13 weeks."

[gismo] 16/12/2016 22:36

When do you think UKOG EWT permit approvals will come through mm? Thanks

[moneymunch] 16/12/2016 20:25

Up and running. ;-)

The Rig at Brockham oil field in the Weald. This is the rig that will do everything. @DoriemusPlc From @angusenergyplc site. Well done gents

[moneymunch] 16/12/2016 20:20

Looking very good Gismo, and we could be in for a great Christmas and prosperous New Year with an update on Brockham's sidetrack this coming week and a stellar Greenland Rns at anytime would be the icing on the cake, and then HH's EWT's permit approvals to look forward to in the New Year. Plenty more upside momentum in anticipation, higher highs and higher lows as Alba's share price continues its re-rate. Ho Ho Ho Gl ;-)))

[gismo] 16/12/2016 19:44

Hiya moneymunch, looking good here. Topped up today before the rise. Looking forward to Greenland news too. Merry Christmas!!

[moneymunch] 16/12/2016 16:49

All good for added value and Greenland update to come which could be BIG and surprise many, and of course transformational upside potential from Brockham....imminent!!! Gla holders. ;-)

[moneymunch] 16/12/2016 16:37

Mike Nott, Alba's CEO, commented:

"We are extremely pleased with the success of the gravity study and the preliminary soil geochemistry on PL3824. The gravity study is interpreted to have identified possible brecciation, a feature that is associated with Irish-Type mineralization, whereas the portable XRF data suggests we are in an area of base metal anomalism."

"We eagerly look forward to the soil geochemistry assays, and hope to tie the results in with previous studies conducted on the licence to further our exploration efforts."

[moneymunch] 16/12/2016 16:07

RNS Number : 1504S

Alba Mineral Resources PLC

16 December 2016

Alba Mineral Resources plc

("Alba" or the "Company")

Encouraging Gravity and Soil Geochemistry Results,

Limerick Base Metal Project, Ireland

Further to the announcement on 25 October 2016, Alba Mineral Resources plc (AIM:ALBA) is pleased to report the results of microgravity study and portable XRF shallow soil sampling programme from the Limerick base metal project ("Limerick" or the "Project") in Co. Limerick, Republic of Ireland. Interpretation of the gravity data suggests the presence of gravity anomalies consistent with brecciation of the host limestone, with zinc and lead anomalism in shallow soil samples collected above or adjacent to gravity anomalies.

HIGHLIGHTS

[moneymunch] 16/12/2016 14:55

Angus Energy - Investors pile in as work begins on Horse Hill look-alike
13:30 16 Dec 2016
The work is is a re-entry and sidetrack to a hole drilled by BP in 1987
Is Angus Energy Investors pile in as work begins on Horse Hill look-alike
Brockham's latest well will go straight into production

Shares in Angus Energy Plc (LON:ANGS) were up as much as 7% in morning trade as investors bought into the stock ahead of results from a company-defining drill programme.

On Thursday Angus confirmed it had begun work on a well at Brockham, in Surrey.

It is a re-entry and sidetrack to a hole drilled by BP (LON:BP.) in 1987 that will first go into the Portland sandstone, host to a known oil play that is already generating 35 barrels a day.

It will then push on into the Kimmeridge, before perforating a horizon called the Coralian.
Kimmeridge has potential

The Kimmeridge has the potential to really move the needle, for this was the source for all the excitement at nearby Horse Hill, which flowed at a better than expected 1,688 barrels a day.

Horse Hill and Brockham are thought to share many geological similarities.

Eagerly anticipated will be the results from three discrete layers within the Kimmeridge.

What the experts suspect is the Kimmeridge at Horse Hill is naturally fractured, allowing oil to accumulate, so that when accessed, it flows easily to surface under its own steam.

If this model holds up then there would be no need for fracking to release this hydrocarbon bounty.

“All the original BP wells at Brockham that passed through the Kimmeridge and Corallian formations were drilled without properly assessing their hydrocarbon potential,” said Angus chairman Jonathan Tidswell-Pretorius.

“[We] look forward to update the market with the results of the assessment in due course."
The same geology as Horse Hill?

There is no guarantee that Brockham will enjoy identical geology to Horse Hill – but there is a suspicion it does; well more than that.

It is a hunch based on drilling carried out by BP, which used to own the Brockham licence.

One of Angus’ field partners, a firm called Doriemus, commissioned the consultant Nutech to make a comparative analysis of the Horse Hill-1 well and Brockham-1, sunk by BP in the 1980s.

Angus believes the maturity and fracture analysis of the two have striking similarities.

The drilling should take roughly 10 days.

Re-entering the Portland should increase output by 150 barrels a day.

If the Kimmeridge plays out in the same way it did at Horse Hill then you might add a further 1,4000 barrels to production. That’s a big deal.
Brockham permitted for production

The neat trick is that Brockham is permitted for production. So, unlike Horse Hill, it could be put on tap immediately.

Horse Hill was drilled as an exploration well and the testing was carried out over hours rather than weeks or days.

So it will require extensive further testing and the compilation of a field development plan before commercial production can take place.

That will take some considerable time to achieve. So in effect Brockham could leap-frog Horse Hill in the race to get oil to market.

If it finds oil, Angus wants to learn a great deal more out about potential of the Kimmeridge.

However it won’t be rushing through the gears. Slow and steady wins the day.

The evaluation of the zones of interest is likely to take a number of weeks as the Angus team assesses each discrete horizon.

[moneymunch] 16/12/2016 14:48

Angus flying high. gla ;-)

16 December 2016

Angus Energy plc

("Angus Energy")

Increases interest in Brockham oil field to 65% and acquires Lidsey Option

Angus Energy plc. (the "Group") is pleased to announce that it has today signed a sale agreement with Terrain Energy Ltd. ("Terrain") to acquire a 10% interest in the Brockham oil field (PL 235, "the License") increasing the Group's interest in the License from 55% to 65% in exchange for a cash payment of GBP100,000, relinquishment of Terrain's existing debt to Angus Energy's wholly owned subsidiary Angus Energy Weald Basin No.3 Limited ("AWB3" or the "Operator), at completion and the carry of Terrain's remaining 10% interest share of the upcoming well costs at Brockham. In addition, for the 12 months following this agreement, Terrain has agreed to vote in-line with the Group on matters which under the JOA are to be submitted to a vote, or require approval of all Participants in the Licence. The transfer of this interest in the Licence is subject to approval by the licence parties and the OGA, such approval being expected early 2017.

The Group has simultaneously entered into an option with Terrain for GBP1 to acquire a 10% interest in the Lidsey oil field (PL 241) which, following the exercise of the option and subsequent completion of the acquisition of the 10% interest, would increase the Group's interest in the Lidsey production license to 60% in exchange for the carry of Terrain's remaining 10% interest share of the upcoming Lidsey-2 horizontal well and a cash payment of GBP20,000 on exercise of the option.

Jonathan Tidswell-Pretorius, Angus Energy's Chairman, commented: "We are delighted that through this transaction we have been able to materially increase our position in the Brockham and potentially the Lidsey production licenses. As stated at Admission to AIM, we believe these two assets provide a strong core for the Group with low-risk development opportunities from their existing production reservoirs and with the Weald basin providing further exciting upside potential."

[baggariddim] 16/12/2016 14:04

Go back to the XTR board you clown.

[datait] 16/12/2016 13:55

Shame you cant say the same for your partners knickers lol