Alba Mineral Resources Share Discussion Threads

[moneymunch] 03/3/2017 08:59

It's all about the Kimmeridge....and Alba own 14.75% of the sweet spot........the oil saturated shales freely flow from the limestones but they also think that the shales also supply the oil to the Portland Sandstone.....this means that there is a very high chance when oil is extracted via the naturally fractured limestones, there will be no depletion as the oil will be replaced by the oil under immense pressure within the shale........essentially a great big sponge with three perforated layers......Gl Exciting times.....A multi-bag in the making!!! ;-)

The gross thickness of Kimmeridge in Brockham X4Z is some 385m thick. The two limestone intervals (each around 30m) tested in Horse Hill are also seen in the Brockham well. The reservoir properties appear to be very similar to Horse Hill, based on electrical logging evidence.

" it is most likely that the oil in the Portland Sandstone in Brockham is sourced from the Kimmeridge, the evidence backs a similar oil content to Horse Hill.

Therefore, based on the evidence so far, Angus has confidence that the well will be similar to Horse Hill and perhaps given that the reservoir is potentially much thicker in zones not previously tested the results could be even better. These results achieve everything short of production to prove the potential from this zone."

[moneymunch] 03/3/2017 08:43

Great news from Brockham and suggests a stellar year ahead with permit approval for HH ewt's expected around the same time as Brockham's completion plans........confirmation of recoverable commercial volumes from the flowtests will make Alba's 14.75% combined interest very attractive........Gla holders.....and more news from Greenland on their gold targets and extent, size and depth of the graphite zones expected soon......undoubted transformational upside potential on the flow of good news and positive data. On and Up!!! ;-)))

[vinceelliott] 03/3/2017 08:21

Good news for HHDL et all.
Watch PRIM; they own a chunk of ALBA and HHDL, and got a PLACING away at a premium.

Correction:
PRIM do not own a chunk of ALBA; GUN own 5% 0f ALBA and 2% of HHDL. PRIM own 10% of HHDL which is approx. equal to the value of PRIM ignoring all its other holdings.

There is a big deck of cards involving HHDL at its core.

[datait] 03/3/2017 07:56

David Lenigas, Doriemus's Chairman, commented;

"This is an outstanding update! Personally, as someone driving the
controversial Horse Hill - 1 well, this Brockham well now shows excellent
potential to add the UK's oil inventory and energy security as Britain heads
towards Brexit and I look forward to being part of bringing this exciting well
in to production shortly."

[mpclag] 03/3/2017 07:52

i reckon there will be a muted response for the sp

[oakville] 03/3/2017 07:50

MM's have mugged punters here and at Kodal for the last few days..Let's see what happens today !!!

[datait] 03/3/2017 07:48

Watch all HH stocks rise on the back of this news. Brilliant to see things coming along nicely.

[moneymunch] 03/3/2017 07:39

MARCH 2017
LOGGING RESULTS BR-X4Z KIMMERIDGE


A thick 385m TVD gross Kimmeridge shale with limestone intervals section

3 limestone intervals

~250m with higher organic content

Higher organic content in the mid section; above, between and below the limestones

Multiple fractured sections in both limestones and shales


MARCH 2017
ENCOURAGING TOC CONTENT

Strong correlation between the main stratigraphic features of the Kimmeridge and the Total Organic Content (TOC)

Highest values are in the shale-limestone interbedded intervals between the main limestone sections

Values of TOC are similar to nearby Horse Hill well

Correlation suggests central section of the Kimmeridge offers the highest potential

TOC is not necessarily a direct indicator of oil (depending on maturity and oil generation)

Based on the evidence so far, Angus has confidence that the well will be similar
to Horse Hill and given that the reservoir is potentially much thicker in zones not
previously tested the results could be even better.

BROCKHAM NEXT STEPS

Company is currently evaluating appropriate completion and production options to optimise long term well and reservoir performance from the Kimmeridge

Once the necessary OGA approval is granted, Angus Energy intends to produce from the Kimmeridge at Brockham’s production facility

Ta r g e t e d c o m p l e t i o n spring/summer 2017.

[moneymunch] 03/3/2017 07:22

Additional oil shows were observed in the Portland and Corallian formations. Currently, the Brockham number 2 well is a temporarily suspended producing well from the Portland reservoir and the Operator is confident of additional production from the Portland from Brockham X4Z in due course. The Corallian formation, with good indications of both gas and oil, is still being evaluated.

· Further technical analysis of the results is contained in a presentation prepared by Angus, a copy of which is available on the Angus website (www.angusenergy.co.uk).



Michael Nott, CEO, commented: "These results are very positive for the Weald Basin as a whole, and very positive also for Alba given our interests at both Horse Hill and Brockham. We look forward to the work that will be undertaken by the consortium over the coming months and the benefits that will arise for all shareholders and stakeholders."

[tmmalik] 03/3/2017 07:14

0.80 on the cardMay b 1p

[scotty666] 03/3/2017 07:11

great results - even if we had moneymunch write the RNS it wouldn't have been more bullish !!

[datait] 03/3/2017 07:11

Brilliant news production asap wooooooooooooooshhhhhhhhhh

[moneymunch] 03/3/2017 07:08

Angus Energy PLC
Brockham Field Update
RNS Number : 4115Y
Angus Energy PLC
03 March 2017


3 March 2017



Angus Energy plc

("Angus Energy", "Angus" or the "Company")

Brockham oil field - BR-X4Z Drilling results confirming potential to place Kimmeridge into production at the Brockham oil field (PL 235)


Angus Energy plc (the "Group") is pleased to announce that, following the extensive analysis of the BR-X4Z sidetrack well, the Company's intention is to bring the Kimmeridge into production at its existing Brockham production facility as soon as the necessary OGA approval is in place.

The Brockham X4Z well, drilled to a total depth of 1,391m, was planned to evaluate the Portland, Corallian and Kimmeridge formations at Brockham including an evaluation of the Kimmeridge reservoir that had been demonstrated by the Horse Hill discovery 8 km to the South. The operator of the well at Horse Hill has announced cumulative production rates of over 1,500 barrels per day in short term testing. The Brockham X4Z well was intended to establish whether the evidence of a potential reservoir reported at Horse Hill extended further North into the Brockham Licence. The well was therefore intended to answer three main questions. Is the reservoir section in Brockham similar in thickness and reservoir properties to what had been reported at Horse Hill? Is there evidence of naturally occurring fractures to enable production of oil using conventional means? Is the content of oil in the Kimmeridge similar to Horse Hill where oil was tested at substantial rates?

Angus Energy is pleased to announce that the preliminary results from Brockham X4Z confirm very similar thickness of reservoir and properties to those reported at Horse Hill. The gross thickness of Kimmeridge in Brockham X4Z is some 385m thick. The two limestone intervals (each around 30m) tested in Horse Hill are also seen in the Brockham well. The reservoir properties appear to be very similar to Horse Hill, based on electrical logging evidence.

Angus took the search for natural fractures a stage further by using the Weatherford Ultra Wave Acoustic borehole imaging tool. This is its first use in Europe. Technical papers are to be presented on this at DEVEX shortly. The tool made it possible to see fractures in the borehole directly, unlike the need to infer fractures from logs. The information confirmed not only evidence of natural fractures in the two main limestones intervals previously tested at Horse Hill, but also confirmed abundant natural fractures in sections of interbedded shales and limestones between and below the two main limestones. Around 200m of the reservoir has this potential.

Angus took many samples during the drilling to use for geochemical analysis. The initial results of this work show total organic content through the Kimmerdige section between 2-12%, exceeding Horse Hill in places. Furthermore, evidence shows that the highest organic content corresponds to the limestones and, in particular, the intervals in between the limestones which have natural fracturing. Whilst organic content is not the same as oil content, it is indicative of those sections where oil content will be highest. This supports the potential for some 200m of reservoir of interest. Actual oil content depends on the extent to which burial has resulted in pressures and temperatures sufficient to generate oil. Initial Tmax and Hydrogen Index readings correspond with Horse Hill data. Since oil was produced briefly at Horse Hill and as it is most likely that the oil in the Portland Sandstone in Brockham is sourced from the Kimmeridge, the evidence backs a similar oil content to Horse Hill.

Therefore, based on the evidence so far, Angus has confidence that the well will be similar to Horse Hill and perhaps given that the reservoir is potentially much thicker in zones not previously tested the results could be even better. These results achieve everything short of production to prove the potential from this zone.

In line with Angus's measured approach to field development, operations are in hand to install new production facilities for the well and to prepare for the production as soon as necessary OGA approval is in place. Targeted completion for production is in spring/summer 2017. Our professional team will shortly be meeting Surrey County Council to discuss the position in relation to the sidetrack and also to agree what further planning permissions are necessary in order to regularise the existing site cabins, fencing and associated structures.

In addition, additional oil shows were observed in the Portland and Corallian formations. Currently, the Brockham number 2 well is a temporarily suspended producer from the Portland reservoir and the Company is confident of additional production from the Portland from Brockham X4Z in due course. The Corallian formation with good indications of both gas and oil is still being evaluated.

Fuller technical analysis of the results is contained in a presentation prepared by Angus, a copy of which is available from the Company's website: www.angusenergy.co.uk

[oakville] 03/3/2017 07:07

That'll do donkey, that'll do !

[oakville] 03/3/2017 07:07

That'll do donkey, that'll do !

[moneymunch] 01/3/2017 08:37

26/1/17

The Brockham oilfield has now been successfully completed and potential reservoirs have been logged in all the Portland, Kimmeridge and Corallian layers with all three formations having hydrocarbon shows.

The 6" hole has been electronically logged using quad combo and Ultra Wave fracture analysis. It has been cased and cemented, whilst the old open hole side-track has now been abandoned and cemented up back to inside the main well casing.

The well will now, upon OGA confirmation, be renamed BR-X4Z.

Further log analysis and laboratory work is currently being undertaken to provide a better understanding of the Kimmeridge and other formations, but from the evidence so far, these appear to be the same in structure to the oil bearing Kimmeridge sections in the nearby Horse Hill-1 well. Notably, the Corallian formation, which lies immediately below the Kimmeridge, had both oil and gas shows.

George Frangeskides, the Alba's Executive Chairman, commented:

"We are pleased to learn that hydrocarbon shows, which we understand were missed in the previous drilling by BP in 1987, have been encountered in the Portland and the three Kimmeridge target intervals. The reported oil and gas shows in the underlying Corallian are also very encouraging.

We understand from Angus Energy that analysis is underway to identify the extent of hydrocarbon presence and the ability of these hydrocarbons to freely move into the wellbore and that the use of New Ultra Wave well logging technology will, once the results are analysed, enable us to target the most prospective zones which have the highest potential for future production."

[moneymunch] 01/3/2017 07:19

Lol Slanty Dogs breath....let's wait for the data from the Brockham log results, free flowing Brockham limestones will be well received and full market focus for HH's extended flowtests thereafter, where Ukog are getting ready and are obviously highly confident judging by their new appointment. Gla holders.......Alba's share price will bounce soon enough. ;-)



Allen Dee Howard, aged 39, has been appointed as Non-Executive Director. Allen is Senior Vice President of Houston-based Premier Oilfield Laboratories, having previously been Chief Operating Officer of well analysis experts Nutech. Allen also held senior positions with Schlumberger. He holds a degree in Chemical Engineering from Texas Tech University and an MBA from Mays Business School in Texas.

Allen Howard brings a wealth of technical expertise in well analysis and completions, huge experience and knowledge from the US onshore sector, plus a global network of industry and finance contacts. He is a hugely valuable addition to our Board to help move our Kimmeridge Limestone exploration assets into production."

[lanty33] 28/2/2017 20:35

I see that idiot moneymunch is still making a fool of herself!

[barnetpeter] 28/2/2017 14:18

Looks as if a placing may be coming. But at .3 I have taken the risk.

[niceyman1] 28/2/2017 14:02

Or brockham not as expected?

[thehitman1] 28/2/2017 13:55

Looks like fund raise on its way at 0.25.

[moneymunch] 28/2/2017 09:51

The current share price offers tremendous upside potential on immient news from Brockham and the data analysis of the gold targets at Amitsoq and more importantly the extent, depth and size of the graphite zones which will be crucial data in the next phase of the project. Gla holders, those that are determined to undermine and deter and the same agenda at sub 0.2p and sub 0.3p......:')

[frjdnverijtnhj8568934] 28/2/2017 08:31

Yes I noticed they Greenland news release was after the markets closed yesterday. More cash out the door and yet more share dilution and now they have 90% of a very early stage licence. If I were Alba I'd be trying to divest this asap.