Alba Mineral Resources Share Discussion Threads

[moneymunch] 11/5/2017 11:15

Brent now at $51 plus.....OGA approval coming..Tick Tock Tick Boom!!! Gla :-)

[moneymunch] 11/5/2017 10:20

Tying up loose ends, Alba have already paid their share of drilling costs and following today's formal completion are now obliged for 10% of any cash calls for Brockham's production/tests.....which suggests that OGA approval for Brockham's completion/ production must be very close.....exactly what the market and city are waiting for....and so significant upside on confirmation. Gl :-)

[mikeygit] 11/5/2017 09:17

Good news, maybe--but judging by this morning sp--no movement--the City is not impressed enough!! But hey ho, all of invested in ANY of The Weald companies should do well in the end. Just more patience and do not jump ship like so many did on UKOG Placing Statement!! Not genuine investors.

[moneymunch] 11/5/2017 08:11

OGA Formal Completion, prior to OGA Approval for Brockham's Completion. Gla ;-)

7/11/16

4.3.4. pursuant to an agreement dated 23 October 2015, further details of which are set out in paragraph 13.13.5 of Part VII of this document, the Angus Group granted Alba an option tofarm in to 5 per cent of the Brockham Licence, on a “two for one promote” basis, meaning that Alba’s exercise of such option would be on the basis that, to acquire the 5 per cent interest in the Brockham Licence from AWB3, it would be required to subsequently fund 10 per cent of the costs of the new Brockham well, from spudding to first oil.

On 9 August 2016 Alba exercised such option and the parties have agreed that Alba’s obligation to contribute on the basis set out above to the cost of the new Brockham well in respect of the period from spudding to first oil is capped, for all dry hole costs, at a maximum of £187,125, plus a maximum of a further 10 per cent of any AFE to be issued and cash called for the production/well testing of the new Brockham well.

Following completion of such payments,Alba’s financial obligations will revert to follow its prorata participating interest. As referred to in paragraph 3 of Part I, as at 4 November 2016, being the latest practicable date prior to the publication of this document, the farm-out has not completed and accordingly Alba’s funding obligations are not currently in force, although under the farm-out agreement dated
14 September 2016 Alba has elected to be bound by its financial commitments immediately on the basis that AWB3 holds the 5 per cent. participating interest on trust for Alba pending formal completion.

[moneymunch] 11/5/2017 07:05

RNS

Alba Mineral Resources completes acquisition of 5% interest in Brockham Licence

Angus Energy plc. (the "Group") notes the announcement released by Alba Mineral Resources plc ("Alba") this morning:

'The Company is pleased to announce that, pursuant to the terms of the Farm-Out Agreement between Alba and Angus Energy Weald Basin No 3 Limited ("Angus"), and following receipt of the consent of the Oil and Gas Authority ("OGA"), the Brockham partners have now completed the assignment from Angus to Alba of a 5 per cent participating interest in Production Licence (PL) 235 comprising the Brockham Oil Field. Alba is now therefore a licensee under PL 235.'

Accordingly this formalises the 5% interest of Alba in PL235 that Angus Energy was holding in a trust arrangement as referred to in the Angus Energy AIM Admission document.

[moneymunch] 09/5/2017 11:01

and take off for any off-take news for Alba's graphite......there's 4 to 5 times more graphite in a Lithium ion battery than lithium......Alba's graphite has been confirmed amongst the highest grade graphite in the world, they have been in discussions with industry experts and end users and so sooner or later someone will want in on a JV or MOU for off-take.....a few recent examples. ...potential multi-bag on similar interest. Gl ;-)

Investors Chronicle - Bacanora lands lithium offtake deal
www.investorschronicle.co.uk › article
11 Apr 2017 - After a 15 month process, the lithium miner has signed Japanese trading house Hanwa as its future offtake partner.
Lithium Energy Products Inc signs lithium off-take deal with Chinese group - ...
www.proactiveinvestors.co.uk › news › li...
AMP - 17 Jan 2017 - LEP has signed a memorandum of understanding for lithium off-take with Chinese cathode manufacturer Sichuan Zhiyuan Lithium Industries.
Kodal Minerals PLC soars on lithium offtake talk and Chinese investment - Proactive Investors
www.proactiveinvestors.co.uk › news › k...
AMP - 10 Mar 2017 - Kodal Minerals PLC (LON:KOD) rocketed as a Chinese group agreed to buy in at a huge premium to the share price and negotiations began for an ...
Alliance Mineral Assets signs lithium offtake deal, Companies & Markets - THE ...
www.businesstimes.com.sg › alliance-mi...
27 Apr 2017 - THE BUSINESS TIMES Companies & Markets - CATALIST-listed Alliance Mineral Assets Limited (AMA) has secured an offtake agreement with Burwill ..

[moneymunch] 09/5/2017 10:59

Alba have plenty of cash at the moment with no near term cash calls , and so those waiting for a fund raise and are hoping to get in at a lower share price will most likely be disappointed....OGA approval for Brockham's completion/production must be very close and confirmation will see a significant rise in Alba's share price ....and therefore any future placing will be at a massive premium on today's share price ....and will see a rush of new investors to a newly fully funded Alba with Brockham's production and HH's EWT's underway.....gla holders Tick Tock Tick:-)

[moneymunch] 08/5/2017 13:30

Lol Onwards and Up!!! ;-)

[nevgroom] 08/5/2017 13:01

C'mon Munchy - Need an update - 10% leap on nothing!!

[moneymunch] 07/5/2017 09:08

3/5/17 Alba's CEO

While these oil and gas investments at Horse Hill and Brockham must inevitably pass through the normal regulatory processes in the UK, which we understand can at times be a source of frustration for shareholders, this is part and parcel of operating in the UK onshore environment. At the same time, however, the Alba Board has taken steps to ensure that as a diversified natural resources exploration company, the Company and, by extension, its shareholders are not solely reliant on the developments at Horse Hill and Brockham to see value accretion in the Alba Group. It is for this reason that, having identified an opportunity to invest initially on a modest earn-in basis into the Amitsoq Graphite Project in Southern Greenland, the Company's work in 2016 led it to see the significant potential of the Project and, consequently, to decide to negotiate to acquire outright a 90 per cent interest in the Project, with the right to move to 100 per cent ownership in the future. The results of the work announced after the end of the financial year - in particular the identification of over 12 km of strike length and the confirmation of graphite grades that are amongst the highest of any graphite project in the world - have given the Board cause for great encouragement as we look to fast-track development at Amitsoq.

The coming year promises to be an exciting one for Alba, as we seek to commercialise our UK oil and gas investments and at the same time to push forward with the further work at Amitsoq that will see the Project progress from the exploration into the development phase.

We thank our shareholders for their continued support.

[moneymunch] 07/5/2017 08:18

Vox Market Podcast with Justine Waite

Transcript of section relating to Angus Energy (from 23 minutes)

"Two of the companies I want to talk about ... Angus Energy ... I honestly think people are being short sighted here. There's a problem with Surrey Council in Brockham. Protestors flagged this up. Surrey Council got uppity about it. Surrey Council gave them planning permission in 2006 or something ridiculous, for doing this top surface work. That's all that they need to do. And then all these protestors kicked up a bit of fuss and Surrey Council they aren't happy. They haven't got anything to do with it.

They've got authority now from the Oil and Gas Authority, health and Safety Executive and the Environment Agency. Those are the only three bodies that you need to get permission from to drill below and so that is going to go ahead, and I think at the moment Angus are being overlooked.

They've got this huge potential at Brockham. Horse Hill hit the front of the newspapers two years ago for this Gatwick Gusher and a thousand er hundred billion barrels of oil below that area near Gatwick. It looks at the moment from the tests they've done at Brockham it's going to be even better than Horse Hill, and people are overlooking this. Brockham will go ahead. All they need is the production authority from the Oil and Gas Authority. It's nothing to do with the Council. They don't need any permission from the Council.

So I'm saying right now have a look at Angus Energy. Do some research on it. They are at a four month low. Floated at five pence, doubled and they've come back now. They've a 20 million market cap and I think could be transformational here if they get that ... well they will get that permission from the OGA to drill at Brockham. There shouldn't be any problem there."

Very positive re ANGS. One or two dodgy numbers but otherwise confirms what people have said on this bb.

Regards. Pdub.

[moneymunch] 04/5/2017 18:09

George Frangeskides, Chairman of Alba Mineral Resources #ALBA covers today’s news regarding their preliminary evaluation of the metallurgical testing on the Amitsoq graphite project in southern Greenland.

Alba holds interests in the UK (oil and gas), Greenland (graphite), Mauritania (uranium) and Ireland (base metals).

[moneymunch] 04/5/2017 18:01

4 May 2017 by Abhishek Budholiya
Graphite Market expected to grow at a CAGR of 11.1% during 2016-2026

Graphite is a form of carbon that is available in natural and synthetic forms. Natural graphite is a low density mineral that is procured through mining. It occurs in various forms such as flake, amorphous and lump. Synthetic graphite is a manmade mineral made from petroleum coke.

Global consumption of graphite was pegged at 2.7 million tonnes in 2015. Sales revenue of the mineral is anticipated to increase at a CAGR of 11.1% over the forecast period (2016–2026).

Drivers and Trends

Demand for graphite in lithium-ion batteries for application electric vehicles, laptops and smartphones is expected to increase over the forecast period. Environmental regulations to lower carbon dioxide emissions is driving adoption of electric vehicles across the globe. Thus, batteries segment is expected to witness robust growth over the forecast period. High mechanical strength, lightweight and lubricity properties of graphite is leading to rapid replacement of asbestos with graphite in automotive application. Thus, demand for graphite in automotive sector for application in brake lining and clutch materials is expected to increase during the forecast period.

Chinese government regulations on mining of rare earth minerals is expected to decrease production of natural graphite in the country. Thus, key players in mining of natural graphite are focusing on consolidation to cut revenue losses. Production of high-purity graphite for niche applications such as electronics, nuclear power and aerospace, among others.

Market Segmentation

On the basis of product type, the global graphite market can be segmented into natural graphite and synthetic graphite. Synthetic graphite segment accounted for 57.1% volume share in 2015 and is expected to expand at a CAGR of 6.4% over the forecast period. Vein sub-segment in natural graphite segment is anticipated to witness robust growth due to exploration activities in Sri Lanka—the only known commercially viable source of vein graphite. Graphite electrode sub-segment in synthetic graphite segment is anticipated to be dominant throughout the forecast period and is projected to be the fastest growing sub-segment over the forecast period.

[moneymunch] 04/5/2017 16:08

Brockham's production still expected Spring/ Summer as per Angus Rns today.....SCC election results tomorrow, OGA approval to follow....get ready for plenty if upside on confirmation. Gla holders Tick Tock. ;-)

Angus Rns today

"There remained no change to the company's earlier guidance with regards to operations at its Brockham Oil Field, the board confirmed."

[moneymunch] 03/5/2017 07:54

No near term cash calls and so plenty of cash to take them into Brockham's production and potential early £ revenue stream.....any fund raise will more likely arrive after OGA approval news for Brockham and therefore at a premium at current share price ...the last placing at 0.2p saw Alba's share price double to 0.4p plus the following month, and so bring it on.....a newly fully funded Alba with so much potential upside will be hard to resist. Gla holders.....OGA news next. ;-)

[frjdnverijtnhj8568934] 03/5/2017 07:45

i think that flatters the position Funky

total current assets = £683,000
total current liabilities = £630,000

the working capital position must be negative now but the company choose to keep their shareholders in the dark regarding future funding.

[funkmasterp12] 03/5/2017 07:20

So cash in November of £668k. Given c. £400k per year cash burn they've probably spent another £150k since which leaves roughly £400k left. Placing coming without doubt imo.

[moneymunch] 03/5/2017 07:17

Plenty of cash

Cash and cash equivalents at end of year £668,340

[moneymunch] 03/5/2017 07:09

OUTLOOK

The past year has seen the Company make significant strides forward in the development of our key assets. At Horse Hill, the oil and gas project in the Weald Basin in Surrey in which Alba is the second largest shareholder in the HHDL consortium, flow tests undertaken in 2016 returned excellent results. We now await the planning consents which will enable Alba and its partners to carry out long term production testing and further appraisal drilling commencing later this year, with the objective of moving towards a declaration of commerciality and stable long-term production by the end of 2018.

Alba's Board of Directors also took the decision in the past year to exercise the Company's option to earn a 5 per cent interest in the Brockham Oil Field. This decision was vindicated after the end of the financial year, when in March 2017 the Operator announced that, as a result of the drilling of a side-track well at Brockham, it was confident that the Brockham well would be similar to Horse Hill and possibly, given the thickness of the reservoir zones encountered at Brockham, even better.

While these oil and gas investments at Horse Hill and Brockham must inevitably pass through the normal regulatory processes in the UK, which we understand can at times be a source of frustration for shareholders, this is part and parcel of operating in the UK onshore environment. At the same time, however, the Alba Board has taken steps to ensure that as a diversified natural resources exploration company, the Company and, by extension, its shareholders are not solely reliant on the developments at Horse Hill and Brockham to see value accretion in the Alba Group. It is for this reason that, having identified an opportunity to invest initially on a modest earn-in basis into the Amitsoq Graphite Project in Southern Greenland, the Company's work in 2016 led it to see the significant potential of the Project and, consequently, to decide to negotiate to acquire outright a 90 per cent interest in the Project, with the right to move to 100 per cent ownership in the future. The results of the work announced after the end of the financial year - in particular the identification of over 12 km of strike length and the confirmation of graphite grades that are amongst the highest of any graphite project in the world - have given the Board cause for great encouragement as we look to fast-track development at Amitsoq.

The coming year promises to be an exciting one for Alba, as we seek to commercialise our UK oil and gas investments and at the same time to push forward with the further work at Amitsoq that will see the Project progress from the exploration into the development phase.

We thank our shareholders for their continued support.

George Frangeskides

Executive Chairman

[moneymunch] 03/5/2017 06:56

Looks like Ukog have decided to smooth the waters for their other development sites by withdrawing their plans for Markwells Wood which is located within the boundary of the South Downs National Park... Gla ;-)

Breaking: UKOG withdraws application for Markwells Wood in South Downs
By Ruth Hayhurst on May 2, 2017

[moneymunch] 02/5/2017 06:43

The article loaded on to Ukog's website is from the New Statesman, which can only increase investor interest imho, further enhanced by the time OGA approval lands and Brockham's production gets underway followed by HH's permit approval for ewt's etc etc .....the Weald Oil Basin will no doubt be in full focus soon enough on good flow data with full market appreciation, positive sentiment and major investor interest.

Ada's only naturally concerned as most residents would be when they haven't got the full facts and have been influenced by the anti fracking brigade's scare-mongering tactics.....and so should be easily appeased along with the other residents of the surrounding area ( she presumably lives in Dorking ) if the scare-mongering around acidisation is her main concern with Brockham.....especially as it is the same process used by Southern Water et al....Gl ;-)

[mikeygit] 01/5/2017 17:37

Well I hope Ada will be more reassured by the lengthy explanation by Mr Sanderson on the acidisation question!!

[moneymunch] 01/5/2017 16:21

Courtesy of Dinero on Lse..Gla ;-)

One of the people hoping this won’t happen is Ada, a spokesperson for Brockham Oil Watch. Ada says she is “not part of this anti-fracking movement”, but that she became involved in scrutiny of oil exploration in the area “because it’s all happening on my doorstep.” Ada lives between Brockham and Leith Hill.
“When we found out about what was happening it was a shock, especially at Leith Hill, because it’s an Area of Outstanding Natural Beauty. You go there and it’s like being in the mountains, it’s very special. Brockham is different, because there’s been a well there since 1987. People are used to it; they don’t have
a problem with it because it’s out of sight.”

Ada found out about the Brockham well “because there was a camp by the side of the road. Originally, people in the village were just upset about the camp – they were slowing down lorries, blocking traffic on the lane. It’s generally quite a conservative village, politically, and the feeling was, what’s the fuss?”.

That feeling changed abruptly on the 9th March, when a BBC news report alleged that Angus Energy had drilled without permission. “People here trust the regulatory system. They trust the Environment Agency to look after them. So when the news came out, it challenged that trust. There is interest, now from local people, and it’s mostly around these new [extraction] technologies.”

The technology that most worries Ada and her fellow villagers is not fracking, but
something less well-known: acidisation. UKOG’s Stephen Sanderson says acidisation “has been around for 120 years or more. We use a dilute hydrochloric
acid that dissolves the limestone. Most wells on the planet have a bit of dilute
hydrochloric acid in there, to ‘clean up’ the well. We also use it to dissolve a little bit of the limestone immediately surrounding the well, so it allows a good
connection from the fractures into the well. It’s not fracking at all. In order to
frack a formation you have to inject very large amounts of liquid in, at very
high pressures. To do that you need massive pumps, and permission from the
Environment Agency. Acidisation is entirely misunderstood, and there’s a huge amount of scaremongering going on. The techniques we use to drill through the rock are exactly those used by the water-well drilling industry.”

[moneymunch] 01/5/2017 12:27

RNS 4/4/17 Horse Hill update - confirming SCC's meeting in July. Gl ;-)

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 30(th) September and 30(th) June, 2021, respectively. The Company holds a 9.75 % net interest in the licences via its 15% ownership of the licence's operator HHDL.

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] 01/5/2017 11:57

Wednesday 12 July 2017

Scheduled meeting of Surrey County Council at which Horse Hill planning application (SCC2016/0189) and plans for Bury Hill Wood (SCC Ref 2016/0170 and SCC Ref 2008/0169 may be discussed. To be confirmed. Details