Alba Mineral Resources Share Discussion Threads

[moneymunch] 05/1/2017 08:10

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] 05/1/2017 07:24

15/12/16

Consequently, Alba is advised that the rig is now on site and has commenced work, as per the approved programme, to abandon the required redundant wells in the upper Portland formation and re-enter the original Brockham-X1 well drilled by BP in 1987 down through the Portland, Kimmeridge, Corallian and into the much deeper Great Oolite formations. The Company understands that all the original BP wells at Brockham that passed through the Kimmeridge and Corallian formations were drilled without properly assessing their hydrocarbon potential.

George Frangeskides, Executive Chairman of Alba, commented:

"We are very pleased that Angus have now obtained the required approvals from the UK authorities and have already started on this potentially very significant work at Brockham. Alba looks forward to reporting the results in due course."

[moneymunch] 04/1/2017 13:42

Perfectly poised for transformational news. Gla holders :-)

[tivoliworldgaming] 04/1/2017 11:59

Why have we not followed the rise in ANGUS?. I thought we had a massive stake in ANGUS.

[tivoliworldgaming] 04/1/2017 11:02

ALBA should start rising now ANGUS is back on the rise.

[moneymunch] 03/1/2017 19:22

Under the circumstances and undoubted potential of massive recoverable oil from the Kimmeridge limestones at HH and very possibly Brockham........ Alba look like a great bet, as they have done all the way from 0.15p....news now due on Brockham, Greenland and Ireland, and HH to follow where they hold 9.75%........ Significant upside with a re-rate or two from their bargain low share price and tiny market cap, very likely. Gla weald players. ;-)

[moneymunch] 03/1/2017 19:01

Horse Hill explorers step up momentum as confidence grows
08:15 03 Jan 2017
In the first-half of next year UKOG will move 11 miles along the road from Horse Hill to the PEDL234 licence area
picture of nodding donkeys
Six wells are planned in the area

UK Oil & Gas Investments PLC (LON:UKOG), which led the consortium that gave us the Horse Hill well, has outlined drilling plans that could help turn the southern Home Counties into a new hotspot for hydrocarbons.

Known as the Gatwick gusher because of its proximity to Britain’s second-largest airport, Horse Hill confounded the sceptics by producing crude in far greater quantities than had been expected.

Oil at a rate of 1,700 barrels a day came from three discrete layers in what’s called the Kimmeridge limestone.

That was far more than had been anticipated. The only problem was the testing lasted hours, rather than days or weeks.

UKOG won't return to Horse Hill for a whie. Instead, it plans to test an analogue - that’s an area with identical geological characteristics Horse Hill.

And it is hoping to add credence to a theory that could utterly transform the understanding of the geology of a large swathe of England.

Over the last two to three decades around 30 wells have been drilled into the Kimmeridge limestones of the Weald Basin.

The Kimmeridge rock of the Weald underlies the south and south-eastern corner of the country and was host to the Horse Hill crude.

However those 30 wells never tested for oil as the sedimentary rock was thought to lack the porosity required to host it.

What the experts suspect is the Kimmeridge at Horse Hill is naturally fractured, allowing oil to accumulate that when accessed 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.

Sometime in the first-half of next year UKOG will move 11 miles along the road from Horse Hill to the PEDL234 licence area to drill the Broadford Bridge-1 well.

It will test the same Kimmeridge limestones discovered at Horse Hill.

Success here would start to suggest our theorising geologists are indeed correct about the make-up of the Weald Basin and, specifically, the fractured rock model.

However UKOG probably won’t be the first cab off the block as a number of rivals are planning similar exploration programmes.

In fact there are six wells slated to be drilled on or around Horse Hill with drilling at one, Brockham, having got underway just before Christmas.

Owner Angus Energy Plc (LON:ANGS) will first go into the Portland sandstone, host to a known oil play, before then pushing on into the Kimmeridge.

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 (LON: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 1987.

It is too early to definitively assert this, but Angus believes the maturity and fracture analysis of the two have striking similarities.

The quantum of oil in the vicinity Gatwick could be mind boggling if the initial Horse Hill results are replicated with follow-up drilling.

The Kimmeridge reservoirs of PEDL234, for instance, are estimated to be host to 1.7bn barrels of the blacks stuff; Horse Hill itself may be host to up to 1bn barrels.

Those two licences alone would be internationally significant.

It has to be stressed that these are guesses based on the geology being absolutely as expected and the Kimmeridge being as prevalent as thought.

There are a whole host of other assumptions too that make this a bit of a finger-in-the-air exercise.

Anyway, success would throw up a huge conundrum. Does the UK, which is looking for energy independence, drill areas of outstanding natural beauty to unlock the oil?

The backlash could be interesting as you might see an unlikely alliance between the middle-class Nimbies of the southern stockbroker belt and the rent-a-protestors of the environmental movement.

Below is the schedule in full

There are six new wells planned for in and around Horse Hill. South East of England, which will uncover whether there really are billions of barrels of untapped oil in the region’s Weald basin.

Two wells are planned on the site itself; one is a sidetrack of the existing well, the other brand new.

One well at Holmwood, Horse Hill’s neighbour, will be drilled by Europa Oil & Gas (Holdings) PLC (LON:EOG), UKOG, Egdon Resources Plc (LON:EDR) and Union Jack Oil PLC (LON:UJO).

One well at Brockham: The Angus Energy sidetrack will test the Kimmeridge reservoirs.

UKOG will drill two new wells PEDL 234: Broadford Bridge well (first-half of next year); the timing of the second isn’t specified.

[moneymunch] 03/1/2017 13:05

On and Up and Up!!! Big news close and so watch out for a significant buying spree and surge in share price from those in the know....Back to 0.4p plus in a blink. ;-)))

[moneymunch] 03/1/2017 10:38

Brent now at $58 plus and rising.....perfect timing on free flowing limestones from Brockham and HH. Gla :-)

[datait] 03/1/2017 10:05

We are in a cycle all oil stocks will move up rapidly as oil price moves up.

[moneymunch] 02/1/2017 22:27

Lol dogs breath, the content of your posting history suggests that you're a snide with no shares and multiple psychological disorders.....Gla holders..... Big news from Brockham and Greenland imminent.......Significant upside beckons. ;-)))

[lanty33] 02/1/2017 20:25

What is that IDIOT moneymunch doing?Obviously he has mental probs.

I have him on `ignore` for a while now...and there he will stay.

[moneymunch] 01/1/2017 16:47

Interesting to note from Angus Energy's Annual Report released 30/12/16 that Alba's share price would have been held back as Angus disposed Alba shares and warrants for cash during 2016, and so more chance of significant and sustained upside on good news for Alba with such a large seller out of the way. Gla ;-)

At 30 September

In 2016, as disclosed in note 24, the Group disposed of the 22% interest held in Horse Hill Developments Limited (HHDL) in exchange the Group received 137,729,178
ordinary shares and 45,909,726 warrants issued by Alba Mineral Resources Plc (“Alba Mineral”)54,236,919 ordinary shares and 17,898,183 options issued by Regency Mines
plc (“Regency”) and 43,886,116 ordinary shares issued by UK Oil & Gas Investments Plc
(“UKOG”)


In the same period of 2016, the Group disposed of 137,729,178 ordinary shares and 45,909,726 warrants of Alba Mineral for a loss of £104,705. Also in the same period, the Group disposed of 46,736,919 ordinary shares of Regency, for a profit of £86,981. Also in the same period, the Group disposed of 43,886,116
ordinary shares of UKOG, for a loss of £86,538.

[moneymunch] 01/1/2017 13:38

The planned Appraisal Project activities are in four phases:

Phase 1 - the carrying out of extended well tests ( EWTs ) and a short-term well test of the existing HH-1 well, to appraise the technical and commercial viability of the hydrocarbon accumulations discovered. Each of the well tests will involve a well workover, followed by flowing, pumping (as required) and pressure testing with the purpose of evaluating the characteristics of the oil resource that was discovered during the original exploration of HH-1;

Phase 2 – this is dependent on the outcome of Phase 1 and involves the drilling of a deviated sidetrack from the existing HH-1 borehole. This will be followed by the carrying out of an EWT of up to 75 days;

Phase 3 - this is also dependent on the outcome of Phase 1 and involves the drilling of a new appraisal well – Horse Hill-2 (“HH-2”) from the existing well pad. This will be followed by an EWT of up to 75 days;

Phase 4 - restoration of the site to agriculture and woodland;

Nevertheless, while recognising the planning requirement to restore the site, if the appraisal programme demonstrates commercial viability HHDL intends to submit a further planning application and EA permit application for a production phase in due course;

It should be noted that Phases 2 and 3 may be reversed depending on the outcomes of Phase 1.

[moneymunch] 01/1/2017 11:49

The sale of test oil from this years planned extended and production flow tests at HH should/could provide Alba with immediate significant £ revenue stream on their 9.75% interest and plenty of near term key events from now on in from HH, Brockham, Greenland and Ireland, and a production license application at HH will be submitted on successful flow test data, expected to be completed this year. Gl ;-)

HH

Subject to the required regulatory approvals, the first phase of the proposed development is planned to consist of the extended production testing of four zones, designed to confirm the commerciality of the discovery, and to examine a previously untested Kimmeridge limestone. The planning application also seeks permission for a two-well drilling phase, which contingent upon successful testing, will further appraise the extent of the oil accumulations and the field's production capabilities. The proposed drilling phase includes plans for a deviated sidetrack, HH-1z, to be drilled from the existing HH-1 borehole, together with a new well, Horse Hill-2 ("HH-2"). On completion of drilling, both the HH-1z and HH-2 are planned to be long-term production tested.

Stephen Sanderson, UKOG's Executive Chairman, commented:

"This planning application is firmly designed to move these assets into near term oil production and the monetisation of our core recoverable resources. It is also one of the next key steps in furthering our industry leading knowledge of the Kimmeridge limestone play that lies beneath our extensive acreage holding in the Weald. We look forward to further engaging with stakeholders and to a successful planning outcome."

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] 31/12/2016 16:04

That only relates to their expectations of the Portland Sandstone, which flowed over 300bopd at Horse Hill......and so confirmation of free flowing Kimmeridge limestones at Brockham , which flowed over 1,300bopd at HH will be the game changer for Alba. gl ;-)

[euclid5] 31/12/2016 15:43

Angus in their results the other day only expect 150bopfor next year - so what does that equate too for Alba with only a 5% Brockham stake wi

[moneymunch] 31/12/2016 14:26

True value for Alba at Brockham is all about confirming free flowing Kimmeridge limestones as witnessed at Horse Hill where the upper and middle limestones flowed 1,360bopd and where Alba holds 9.75%, and the Corillian and Great Oolite limestones are also to be tested and also have the potential to add significant value.

The field plan for Horse Hill is extended flow tests throughout 2017, including a sidetrack and the drilling of a new well and full production by early 2018, which is only a year or so away, and so plenty of added value for Alba at HH as permit approval lands and newsflow arrives on progress of the flow testing, which will also include the lower Kimmeridge limestone, and news of the proposed sidetrack and new well HH-2 etc.

Angus have plans for a new well at Brockham if the limestones prove to be productive, and so successful results at Brockham and positive flow testing at Horse Hill could see confirmation of very large recoverable volume of the sweetest crude, which will add considerable value to Alba's combined 14.75%.

Full production at Horse Hill where they eventually plan to have multi-pad horizontal well sites if successful, potentially could see recoverable volume in excess of many 1000's bopd, and with something similar at Brockham could potentially see Alba's 14.75% worth many £millions......and with the price of oil heading North, a multi-bag in the making without a doubt....and of course anyone's guess on Greenland, a stellar update there could easily result in a major re-rate and a JV from the Chinese Rare Earth Specialist already showing interest in Greenland's exploration potential.

Gla holders. The most exciting and defining year ahead for little old Alba from this bargain low share price and tiny market cap. Significant upside beckons on the flow of positive news on all fronts. ;-)

[moneymunch] 30/12/2016 08:25

Brent back to $57 plus......all bodes well for confirmation of free flowing limestones at Brockham and the upcoming extended flowtests at Horse Hill with the prospect of massive recoverable volume of the sweeetest crude. On and up!!! ;-)

[moneymunch] 30/12/2016 08:15

Significant upside more than likely for Alba, and not just from Brockham and Horse Hill...........a little gem of a share with undoubted multi-bag potential. :-)

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] 29/12/2016 17:26

Lol...get up there....upward momentum from now on in, in run up to news from Brockham and Greenland....back to 0.4p plus in a blink. Gla holders. ;-)

[tomgun70] 29/12/2016 14:08

Looks about ready to start an uptrend again,hopefully create at bottom at .4 this time.