Alba Mineral Resources Share Discussion Threads

[25wbh] 18/8/2017 14:12

Yes , that's a possibilty

[dubjon] 18/8/2017 14:08

Maybe we will see a large delayed buy later to explain todays price action.

[25wbh] 18/8/2017 13:53

well , I suppose at .55 its too tempting for some not to sell. If we finish up on the day I will be happy

[25wbh] 18/8/2017 13:46

Noticed Mr Corbyn on the BBC commenting on the tragedy in Spain that some of the fault lies in the shortage of Police, he just cannot keep of politicising every tragic event.Shamfull.The Spanish seem to have plenty of police

[25wbh] 18/8/2017 13:34

I wonder if Alba could be making an RNS ,seems to be doing too well just on the possibility of an UKOG RNS

[cudmore] 18/8/2017 12:58

Ticking up nicely. Some decent buys appearing. UKOG update imminent.

[squiresquire] 18/8/2017 11:29

Its the 10 million market cap that gets me, just look at the asset opportunities ALBA has so close to being upgraded.

[25wbh] 18/8/2017 11:28

yes, we seem to be doing alright at the moment, until someone sells some lol
Many must realise the multi opportunities Alba has in the future!!

[squiresquire] 18/8/2017 10:20

Angus should be announcing the rig arrival very soon now, just a few days if that.

This is so undervalued at just 10 million, its daft.

[25wbh] 18/8/2017 09:37

Well done sammydog1 im fully committed here and I am very sure all holders will do very well indeed
I note the MMs put the time down as 9.14am so that's further proof that its hard to tell when a lot of trades are going thought whether they are buys or sells

[sammydog1] 18/8/2017 08:37

Just bought another nearly 1.7million @52.2 TO ADD TO MY COLLECTION.GLA. (DELAYED)

[25wbh] 18/8/2017 08:17

a move in the right direction

[lanty33] 17/8/2017 15:39

hitman filtered!

[squiresquire] 16/8/2017 16:05

GRAYLYN

Many thanks for that, really good stuff, cheers

[thehitman1] 16/8/2017 13:33

Good luck all and sorry to be honest.

[thehitman1] 16/8/2017 13:32

Funding almost done, around 0.35-0.4, don't be shocked.

[thehitman1] 16/8/2017 13:30

AAOG NEXT BIG ONE.

PLACING NEWS NEXT FOR ALBA!!!.

[graylyn1] 16/8/2017 13:29

3.3m buy @ .54 nice

[graylyn1] 16/8/2017 13:27

yes, the share price lacks attention by the market, don't know why because when you examine the prospects here and then look at the mkt cap its just crazy. I think the next news from either HHDL or Angus (re-Brockham) will send this upwards Sharply!! imho.

Brockham

Alba is earning a 5% interest in Production Licence 235 (“PL 235”), which comprises the producing onshore Brockham Oil Field, which is located just to the north-west of the Horse Hill licences. 

The Brockham Oil Field is located on licence PL235 in the Weald Basin in Surrey, southern England. The field was discovered by BP in 1987 with the drilling of the Brockham-X1 well. The field was in production until early 2016, and had average daily production of approximately 35 bopd from the Brockham-X2Y production well. 
In March 2017 Alba was advised by the Operator, Angus Energy plc (“Angus” or the “Operator̶1;), that, following extensive analysis of the BR-X4Z sidetrack well, the Operator’s intention is to bring the Kimmeridge into production at the existing Brockham production facility as soon as the necessary OGA approval is in place.

The Brockham X4Z well, drilled in Q1 2017 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.  Horse Hill Developments Limited (“HHDL”), the operator of the well at Horse Hill, in which project Alba has a 9.75% economic interest, 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 has confirmed as follows:
The preliminary results from the Brockham X4Z well confirm very similar thickness of reservoir and properties to those reported at Horse Hill. The gross thickness of the Kimmeridge formation in Brockham X4Z is some 385m.
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.

The first use in Europe of the Weatherford Ultra Wave Acoustic borehole imaging tool has made it possible to see fractures in the borehole directly, without the need to infer fractures from logs. The information thereby obtained has 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 Kimmeridge 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.

Operations are in hand to install new production facilities for the well and to prepare for production as soon as necessary OGA approval is in place. 
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).

[squiresquire] 16/8/2017 13:00

They are still way behind though, i think the re-rate on good news could be impressive

[cudmore] 16/8/2017 12:41

These are looking good for the next RNS from UKOG.

[graylyn1] 16/8/2017 01:32

timw3 filtered

[timw3] 15/8/2017 22:26

Heads Up on MATD

MATD HUGE news today, Fallen from 32p when Bergen deal was announced and now NO MORE DILUTION till Mid Oct.. .MASSIVE upside with 2 Billion barrel prize Drilling next month!

Back to 30p levels soon.