Alba Mineral Resources Share Discussion Threads

[moneymunch] 09/4/2017 08:43

The value of Alba's value as far as the Weald is conncerned will be their 9.75% interest at HH and their 5% at Brockham commensurate to the price of Brent and how much oil is deeemed recoverable. Paul Vonk CEO of Angus has stated that extraction costs at Brockham are estimated to be $20 a barrel which gives Alba a $35 Gross profit on every barrel at today's $55 plus, and industry experts are predicting $70 by year end which wold equate to an eye watering $50 Gross profit per barrel, and of course Alba's ultimate value will not be based on how many barrels are being produced every day, but how much oil lies beneath and how much is confirmed recoverable.......when BP or another Major buys or sells an oilfield, its market value isn't based on how much oil has already been extracted, but how much reserves are yet to be recovered.......and so if Schlumberger and Nutech's multi-billion barrel Weald assessment is finally confirmed as fact, and Brockham's production and HH's extended flowtests confirm that the oil is recoverable in massive volume, then a market cap of $100m for Alba will look rather conservative imho.......it won't happen overnight, but the progress made and the plans ahead provide an exciting opportunity for some serious upside from this lowly low.......and with 100% of Amistoq's graphite and gold, Alba's prospects and potential look as good as ever....a multi-bag in the making on further positive development and progress with plenty of upside as positive newsflow is delivered. Gla ;-)

[moneymunch] 09/4/2017 08:42

This is what Stephen Sanderson wants to do for Horse Hill and David Linigas plans for Brockham...courtesy of DL ;-)))



One company hit pay dirt with a technological advancement that promises to propel the U.S. to energy superstar status.

Recently, energy company Encana (NYSE: ECA) completed a mind-blowing 51 wells on one pad site to drill gas from an entire canyon in Parachute, Colorado.

Think about this... Encana's pad site is 4.6 acres in size above surface. However, using its multi-well pad drilling technology, it was able to access a full square mile of underground resource.

That's 640 acres underground from a 4.6-acre above-ground pad site.

Apart from the pad site, the entire canyon remains green and untouched as if nothing is going on but the company will drill more gas from this site than it ever has from any previous well pad.

That's just one drilling site. With the Octopus, multiple buried wells can be accessed.

Once it was proven how powerful this technology is, major oil producers began quietly bypassing traditional drilling methods in favor of the Octopus. Last year, Devon Energy (NYSE: DVN) drilled 36 wells from a single pad site in the Marcellus.

The Octopus is quickly becoming the norm and for good reason..

[moneymunch] 07/4/2017 07:05

and Brent at $55.64 and rising......a great time for confirmation of free flowing high quality oil in volume. Gl ;-)

[gazza102] 06/4/2017 09:00

Can't wait mm. So exciting

[moneymunch] 06/4/2017 08:53

What's so exciting at Brockham is that the Kimmeridge clay is highly naturally fractured either side of the naturally fractured limestones......and according to DL'S presentation this increases the oil play to over 300m as opposed to the 230 feet of the thickness of the 3 limestone strata combined. Brockham has also got strong indications of oil in the deeper Corallian which is under high gas pressure.......the recoverable volumes could be breathtaking.......Get ready for lift off with confirmation of OGA approval.....coming this month imho....and with Brent on the rise, the Brockham players all look set for a multi-bag before the end 2017. Gla holders.On and Up!!! :-)

[moneymunch] 06/4/2017 08:10

Confirmation of OGA approval will see a jump in share price ...... Gla holders......Brent's still at $54 plus and forecast $70 this year..........

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 sp, especially given the expected extraction costs at Brockham .......Gla holders.........free flowing limestones in volume will be a game-changer for all concerned.

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] 06/4/2017 06:38

DL states that they plan to perforate over 900m of Kimmeridge interval, as the log results confirm that the Kimmeridge claye is naturally fractured as well as the limestones. Gla holders ;-)

[moneymunch] 06/4/2017 06:36

and a great interview by DL on the Weald and Brockham........more oil than the North Sea and higher quality!!! Gla ;-)

[moneymunch] 05/4/2017 22:10

Published on Apr 4, 2017

James Faulkner, Editorial Director at Master Investor, interviews George Frangeskides, Executive Chairman at Alba Minerals, at Master Investor Show 2017. Alba Minerals is a natural resources exploration company, focusing on mining, and oil and gas. The company has a graphite project in Greenland, and invests in oil and gas projects Horse Hill and Brockham.

Master Investor interview and once again highlights Alba's potential tansformational upside on positive newsflow........4 or 5 times more graphite than lithium in a lithium-ion battery!!! Gl ;-)

[moneymunch] 05/4/2017 14:02

Brent at $54 plus and rising....
and forecast to hit $70 this year......lots of potential extra profit and added value on confirmation of free flowing high quality oil at Brockham and HH....undoubted multi-bag potential regardless of the opinion of the detractors. Gl ;-)

hxxp://www.m.livecharts.co.uk/MarketCharts/brent.php

[moneymunch] 04/4/2017 13:37

Tick Tock Boom!!!

Crossing T's and dotting I's, Brockham's OGA approval within the next couple of weeks imho. Gla :-)

A spokesperson for the Oil and Gas Authority told DrillOrDrop: “The OGA held a meeting with Angus Energy on 16 March to discuss the operations at Brockham and has subsequently sought further information from the company about its operations.”

[moneymunch] 04/4/2017 08:41

Massive news and a defining moment for all HH players on Permit Approval for HH's eagerly awaited extend flowtests expectd in 3 months time.......Alba's share price will be many multiples by the time HH's flowtests get underway, especially on the back of Brockham's production tests which are expected to commence Spring/Summer.......OGA approval for Brockham's production of the oil saturated Kimmeridge interval, imminent...Gla holders......2017 will be a stellar year for Alba on positive progress at Brockham, HH and Greenland. On and Up!!! ;-)

[moneymunch] 04/4/2017 07:56

Lol frigid, let's hope so......the last placing that you were so worried about at 0.2p saw Alba's share price hitting 0.4p plus the following month.....A newly fully funded Alba will be an irresistible investment from this lowly low with so much potential transformational upside......although, no near term cash calls at the moment and so Alba still have enough cash in the Kitty , and so no likely placing at these levels........Gla ;-)

[frjdnverijtnhj8568934] 04/4/2017 07:25

"The RA work programmes, now agreed with OGA, comprise; the planned Horse Hill-1 ("HH-1") Kimmeridge and Portland production tests, HH-1z Kimmeridge Limestone ("KL") and HH-2 Portland appraisal wells, 50 km² of 3D seismic, 25 km of 2D seismic in PEDL246 and a PEDL246 exploration step-out well. The RAs for each licence can be further extended or modified subject to an ongoing minimum work programme agreed by the OGA."


They are going to need to raise cash to pay for all this. Maybe a lot. Alba must be running on fumes by now so I'm expecting a placing very shortly.

[moneymunch] 04/4/2017 07:09

Stephen Sanderson, UKOG's Executive Chairman, commented:



"The revised RA expiry dates ensure that the knowledge gained from the Company's forthcoming extensive 2017 Broadford Bridge, Horse Hill and Holmwood drilling and test campaign, can be fully incorporated into future Kimmeridge Limestone step-out wells in PEDL246 and PEDL137. 2017 is set to become a pivotal year for the Company."

[moneymunch] 04/4/2017 07:04

Alba Mineral Resources plc



("Alba" or the "Company")



OGA Agrees Work Programme and Extends Retention Area Periods for Horse Hill Licenses, Weald Basin, SE UK



The Company announces that it has been informed by the operator, Horse Hill Developments Limited ("HHDL"), that the Oil and Gas Authority ("OGA") has consented to extend the current PEDL137 and PEDL246 Retention Areas ("RAs") until 2021. The PEDL137 and PEDL246 RAs, which cover the entirety of the licences, will now expire on 30th September and 30th June, 2021, respectively. The Company holds a 9.75 % net interest in the licences via its 15% ownership of the licence's operator HHDL.

The RA work programmes, now agreed with OGA, comprise; the planned Horse Hill-1 ("HH-1") Kimmeridge and Portland production tests, HH-1z Kimmeridge Limestone ("KL") and HH-2 Portland appraisal wells, 50 km² of 3D seismic, 25 km of 2D seismic in PEDL246 and a PEDL246 exploration step-out well. The RAs for each licence can be further extended or modified subject to an ongoing minimum work programme agreed by the OGA.

Mike Nott, CEO of Alba, commented:



''We are very pleased to have received this notification from the OGA. The matter represents another significant step in the journey from discovery to production. There is no doubt in my mind that the Wealden area is developing into a significant natural resources oil play and we are pleased to be one of the joint venture partners pursuing the exploitation of one of our Country's significant natural resources"





HH-1 Oil Discovery



The HH-1 Kimmeridge Limestone and Portland oil discovery well is located within onshore exploration Licence PEDL137, on the northern side of the Weald Basin, 3 km north of Gatwick Airport. As previously reported in February and March 2016, two naturally-fractured limestone members within the Kimmeridge section, known as KL3 and KL4, flowed dry, 40-degree API oil, at an aggregate stabilised natural flow rate of 1,365 barrels per day ("bopd") with no clear indication of depletion. The overlying Portland flowed dry, 35-37 API gravity crude at a stable pumped rate of 323 bopd. The Portland was produced at the rod-pump's maximum achievable rate and thus flow was constrained by the pump's mechanical capacity.

As previously reported in October 2016 and March 2016, an application for long term production testing and further appraisal drilling was submitted to Surrey County Council in October 2016, and is now scheduled to be decided at the Council's planning committee meeting in July 2017. The Company therefore envisages that these operations will commence in the second half of 2017 upon grant of the necessary remaining regulatory permissions.

[moneymunch] 02/4/2017 18:16

David Lenigas‏ @DavidLenigas 11h11 hours ago

Phil Pinto and me at the Alba Stand at U.K. Investor Show yesterday discussing U.K. Onshore Oil.
3 replies 5 retweets 9 likes
David Lenigas Retweeted
Share_Talk‏ @Share_Talk Apr 1

1 reply 5 retweets 7 likes
David Lenigas Retweeted
Share_Talk‏ @Share_Talk Apr 1

@AlbaMinerals Oil from #Brockham #WealdBasin 2017 Should be a V interesting year for #HorseHill

Interview

[moneymunch] 01/4/2017 17:34

One of the world's best-known oil traders is predicting prices to recover to $70 a barrel

Friday, 31 Mar 2017 | 6:30 AM CNBC.com

Oil prices are not capped around $55 as is widely assumed but rather are on track to hit $70 per barrel later this year, according to Pierre Andurand, managing partner at Andurand Capital Management.

[moneymunch] 31/3/2017 17:03

DL's alright in my book , the Weald's potential is taking shape through his hard work, determination and vision, TW on the other hand along with his cohorts are snide lowlife scumbags.....Gl;-)

[moneymunch] 31/3/2017 16:01

3 months 12 days for HH's ewt's permit approval, according to Drill or Drop. Gla ;-)



Wednesday 12 July 2017

Scheduled meeting of Surrey County Council at which Horse Hill planning application (SCC2016/0189) may be discussed. To be confirmed. Details

[moneymunch] 31/3/2017 13:33

A little reminder of why Alba has multi-bag potential. Gla holders ;-)

Ernst and Young Report



The so-called Gatwick Gusher, a shale basin in the United Kingdom, could add as much as $74 billion to the nation's economy, a study finds.

U.K. Oil & Gas Investments commissioned Ernst & Young to examine the future potential of oil production from the Weald shale basin.

"Assuming it can be extracted from a development site at the volumes projected by U.K. Oil & Gas, has the potential to generate significant economic value to the U.K. economy," the report read.

Oil & Gas U.K., the industry's lobbying group, said the North Sea oil sector is in for a long period of decline, with less than $1.4 billion in new spending expected in 2016. Inland shale, meanwhile, has the potential to add between $10 billion and $74.6 billion to the British economy in gross value, the commissioned report said.

Operators are working to assess the potential in the shale area by testing the Horse Hill-1 oil discovery. Preliminary estimates made by the company last year put the entire Horse Hill reserve total as high as 100 billion barrels of oil. If its full potential is reached, the future production from the area could provide as much as a quarter of the nation's total oil demand over its lifespan, based on 2014 demand levels.

The field, locked in a geological formation called the Kimmeridge Limestone, is about three miles away from the Gatwick Airport, earning it the nickname the Gatwick Gusher.

Stephen Sanderson, the executive chairman of U.K. Oil & Gas, said developing the shale basin could make a significant contribution to the British economy. Oil is already flowing at nearly three times the expected peak rate.

"It is therefore possible that the overall economic impact of Kimmeridge Limestone oil could be significantly higher than this initial report describes," he said in a statement.

[mikeygit] 31/3/2017 11:30

I still cannot understand why there has not been a Press statement to explain who was at fault--ALBA or SCC?? Surely for the good of PR ALBA should have been able to make a statement by now. There is nothing difficult about looking at the Planning and then being able to say who misinterpreted those plans---all well and good others posting saying this and that, but we need a statement to clear the air from those in charge!!

[nevgroom] 31/3/2017 11:10

Time for me to get back in - 2m for starters

[cathuk] 31/3/2017 10:26

Not done it any good..