Alba Mineral Resources Share Discussion Threads

[abeygale] 16/10/2017 15:35

UKOG news that has just come out is massive for ALBA.

[graylyn1] 16/10/2017 15:34

looks good for ALBA then....................

UK Oil & Gas Investments PLC Operational Update
16/10/2017 3:11pm
UK Regulatory (RNS & others)

UK Oil & Gas (LSE:UKOG)
Intraday Stock Chart
Today : Monday 16 October 2017

TIDMUKOG
RNS Number : 7291T
UK Oil & Gas Investments PLC
16 October 2017
UK Oil & Gas Investments PLC
("UKOG" or the "Company")
Operational Update
Oil & Gas Continues to Flow to Surface,
Broadford Bridge-1z Kimmeridge Limestone Oil Discovery, PEDL234, Weald Basin, UK
Highlights
-- Broadford Bridge-1z ("BB-1z") continues to flow light sweet oil and gas from the Kimmeridge Limestones.
-- Flow continues to clean up, demonstrating an increasing oil cut, together with sustained periods of associated gas flaring. The shrouded flare stack has been in daily operation, exhibiting a clean burn.
-- Flowing Kimmeridge light oil and associated gas at both BB1-z and Horse Hill-1 ("HH-1") proves Kimmeridge contains a thick regionally extensive continuous oil accumulation.
-- Optimised sequential flow testing of multiple 30-100ft zones planned to commence by end October 2017.
UK Oil & Gas Investments PLC (London AIM: UKOG) is pleased to announce that light, sweet crude oil and hydrocarbon gas continues to flow from the Kimmeridge Limestones at its 100% owned Broadford Bridge-1z ("BB-1z") exploration discovery, located in licence PEDL234. BB-1z flow continues to clean up, demonstrating an increasing oil cut, together with sustained periods of associated gas flaring. The shrouded flare stack has been in daily operation, exhibiting a clean burn of methane and wet gases delivered from the test separator. Oil samples have been dispatched for crude assay and for specialised geochemical analysis in the UK and USA. Flow testing continues.
As previously reported, BB-1z was deliberately drilled in a location where no conventional hydrocarbon trapping mechanism within the Kimmeridge reservoir section is evident. Therefore, in the Company's opinion, the presence of flowing, light Kimmeridge oil and associated solution gas at BB-1z provides proof that the Kimmeridge at BB-1z contains a significant continuous oil deposit of around 1400 ft gross vertical thickness.
The near identical Kimmeridge reservoir parameters and geology seen at BB-1z and the Horse Hill-1 ("HH-1") Kimmeridge oil discovery, in which the Company holds a 32.435% interest, some 27 km to the northeast, demonstrates that the Kimmeridge oil accumulation is also laterally extensive across the Central Weald Basin.
UKOG, as the largest licence holder in the Kimmeridge oil accumulation's prospective area is well positioned to exploit this extensive oil resource.
The Company will now press on immediately with the revised rig-less test plan to establish whether the extensive connected natural fracturing seen in BB-1 and BB-1z can flow oil in commercial rates and volumes.

[elcapital2017] 16/10/2017 13:58

Temmujin. You are a moron. No wonder u live in a car

[temmujin] 16/10/2017 01:04

massive week for ALBA and Angus...dont miss out!

[timw3] 15/10/2017 15:12

O/T EME newsflow starts again very soon on their recent discovery and could be pumping gas in to the paying system by the 1st of November.

30p highs to be tested soon imo

[dreamtwister] 15/10/2017 11:49

Pricing

Graphite prices are a function of 2 factors – flake size and purity – with large flake (+80 mesh), high Carbon (+94%) varieties commanding premium pricing.


Type of Natural Graphite Average Price ($/ton
Small Flake (95% – 98% $900 – $1,200
Medium Flake (95% – 98%) $1,050 – $1,400
Large Flake (95% – 98%) $1,400 – $1,800
Jumbo Flake (95% – 98%) >$1,600
Battery Grade Flake (99.9%) $5,000 – $20,

do not over look the black mineral sands llimite/rutile,althou these assets are not only in demand and have world class grades and are assesible to exhume being on the coast line. but what lies on the sea floor ? will we need a dredger to exploit more assets,jay has the same assets and have sent the first batch of llimite and are stock pilling ready for the new year shipping window,their share price gave investors respect,as jay have less shares in issue,the forcast for jay share price to rise to 24ps.

[moneymunch] 15/10/2017 08:03

Alba's graphite lies at the Southern tip of Greenland, Amitsoq Island, the site of an old graphite mine from the 1920's, which lies south of Iceland on the same Latitude as the Shetland Islands, and so conditions are favourable for most of the year. Gl;-)

ps Alba's Ilmenite license in Greenland is adjacent to Blue Jay's (JAY) ilmenite project, Blue Jay is yet to go into production but their market cap is c£130m on potential alone, Alba's market cap in comparison is only £8m and of course they have the massive near term potential UPSIDE of the Weald Oil Basin with Horse Hill's permit approval expected this coming week, as well as their Graphite and gold and cobolt etc etc etc......Gla Holders....A sudden and significant re-rate more than likely at any time. ;-)

pps and 99% recovery for Alba's graphite.......Gl ;-)))

Head grade of +25% graphite confirms Amitsoq ore to be amongst the highest grade of any graphite project in the world.

Simple processing was able to achieve +99% recovery of the graphite from the gangue material, with the bulk of the flake graphite recovered being in the +150µ category (medium flake), essential for supply to the lithium-ion battery market, and the premium value +300µ jumbo to super jumbo category.

[dreamtwister] 14/10/2017 12:35

Because graphite flakes slip over one another, giving it its greasy feel, graphite has long been used as a lubricant in applications where wet lubricants, such as oil, can not be used. Technological changes are reducing the need for this application.

Natural graphite is used mostly in what are called refractory applications. Refractory applications are those that involve extremely high heat and therefore demand materials that will not melt or disintegrate under such extreme conditions. One example of this use is in the crucibles used in the steel industry. Such refractory applications account for the majority of the usage of graphite.

It is also used to make brake linings, lubricants, and molds in foundries. A variety of other industrial uses account for the remaining graphite consumed each year.

Feeding the demand in future will be technology grade graphite needed for the burgeoning green technology economy. The lithium battery industry alone is projected to grow between 30 per cent and 40 per cent, with 20 per cent annual growth in the electric vehicle market (as much as 30 kilograms of graphite can be found in some electric cars).

With demand for large flake graphite growing, it is projected that 25 new 40,000 tonnes per year graphite mines will be needed worldwide by 2020.

[moneymunch] 14/10/2017 09:24

18th October....Boom Time!!!
Today 09:23
Agenda
Planning and Regulatory Committee
Wednesday, 18 October 2017 10.30 am

RE16/02556/CON - Horse Hill 1 Well Site, Horse Hill, Hookwood, Horley, Surrey RH6 0RB pdf icon PDF 800 KB

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The retention of the existing exploratory well site and vehicular access onto Horse Hill; the appraisal and further flow testing of the existing borehole (Horse Hill-1) for hydrocarbons, including the drilling of a (deviated) sidetrack well and flow testing for hydrocarbons; installation of a second well cellar and drilling a second (deviated) borehole (Horse Hill-2) and flow testing for hydrocarbons; erection of security fencing on an extended site area; modifications to the internal access track; installation of plant, cabins and equipment, all on some 2.08ha, for a temporary period of three years, with restoration to agriculture and woodland.







Additional documents:
thePlan1HorseHill , item 9. pdf icon PDF 267 KB
Item 9 v15HorseHillslidesP and R Committee October2017 , item 9. pdf icon PDF 1 MB

[moneymunch] 13/10/2017 23:53

This coming week will be big for ALBA imho.....Onwards and UP!!! ;-)

[moneymunch] 13/10/2017 09:27

Looks like the Kimmeridge at Lidsey tapers off considerably compared to the sweet spot at HH.....permit approval for HH expected next week which will be massive news for Alba et al. Gl ;-)

[rayrac] 13/10/2017 07:34

Not much said about the kimmeridge? Fairly thin just there though.

Like UKOG’s bb drill, got to wait for flow news?

[moneymunch] 13/10/2017 07:01

Angus Energy Completes Drilling of Lidsey-X2



Angus Energy is pleased to announce it has successfully completed the drilling of the Lidsey-X2 production well.



The Company will produce from a "net oil pay" section of 443 metres ("m") from the Great Oolite limestone reservoir. The production reservoir section has a Measured Depth ("MD") of 1,230-1,673m. True Vertical Depth ("TVD") of the production section is measured to be 994.9m-1,009.3m.



The well reached its Total Depth ("TD") objective at 1,700m and the slotted oil production liner has been installed. Following de-mobilisation of the BDF-28 drilling rig, the Lidsey-X2 well will be placed into production.



The well was drilled on time and on budget as outlined in previous Company guidance.



Towards the end of the horizontal section of the Great Oolite reservoir, initial analysis by the Company showed an unexpected change in the lithology of the well. The lithological change indicates a potential extension, continuing to the west of the original reservoir. This entirely new and separate section of the Great Oolite reservoir would be at original conditions as it has never been produced. Further analysis will be undertaken to reach a final determination. The Company will update the market in due course.



Drilling to the Great Oolite reservoir, the primary well objective, the Lidsey-X2 well passed through two additional potential production resevoirs, the Kimmeridge and the Oxford Clay source rocks. Both are positioned above the Great Oolite.



The Kimmeridge was encountered between 782.3m-862.4m MD (with a true vertical thickness of 66.2m). The layers in the well consisted of a mixed series of shales and limestones typical of the formation in the Weald Basin. Natural fractures appear to be present but further detailed analysis of the image logging will be undertaken to quantify this. Samples have now been sent for geochemical analysis to verify if this section has seen pressures and temperatures in the past needed to generate oil in commercial quantities.



The Oxford Clay was found between 920.8m-1179.5m MD (with a true vertical thickness of 105.0m). The Oxford Clay is a potential oil source rock and has oil production potential where mature. The British Geological Society ("BGS") reported Oxford Clay has "potential where mature (Ro > 0.6%), especially in lower parts and where free oil exists (perhaps limited to sweet-spots)". As part of the above mentioned geochemical analysis, Angus Energy has also sent samples for further examination to ascertain whether the drilled section conforms with the previous BGS findings.



The Company notes it has planning permission for a third well at the site and can convert the existing Lidsey-X1 well into a water injector if required.



The Lidsey Oil Field is located on-shore at the southern edge of the Weald Basin, near Bognor Regis.



Paul Vonk, Angus Energy's Managing Director, commented:



"The Company is in the process of bringing into production 443 metres of oil pay from the Lidsey-X2. I am pleased with the successful drilling of the well.



We are encouraged the site offers further scope for development. Significantly, the company has upgraded the surface facilities at Lidsey to efficiently and safely managage all future production.



I'm grateful to everyone on our team. They made drilling Lidsey-X2 a success by maintaining the highest standards, the most important of all being safe operations."

[moneymunch] 13/10/2017 06:48

Plenty of upside from now on in imho.....Big news next week ( 18th October ) on Permit Approval for Horse Hill's extended flow tests , side track and new appraisal well....a key event in proceedings which will add significant value to Ukog and Alba....positive drilling news from Angus at Lidsey, expected now, will also add value to the Weald Players imho, and of course any positive updates from Broadford Bridge as the well gets sorted for flow testing will also be very well received, and news expected imminently from Greenland's treasure chest of Graphite, Gold, Ilmenite and other rare earth minerals. Gla Holders.... Significant upside on positive newsflow from this bargain low share price and tiny market cap.....Alba are ridiculously undervalued. On and Up!!! ;-)

[uxbridgearms] 12/10/2017 23:56

Sometime before the end of October this is going to fly , her day in the sun is nearly here.

[blueblood] 12/10/2017 18:21

What do you mean? Like deramping shares they don't own.....pot and kettle!

[thehitman1] 12/10/2017 17:20

Some like mm have no shame.

[moneymunch] 12/10/2017 14:52

Next door to Alba's Ireland’s Zinc licence area.....and G11 wanted to buy out Connermara' interest too....Gl ;-)

Teck sells interest in Ireland zinc project to G11

13th September 2017 BY: MARIAAN WEBB 
CREAMER MEDIA SENIOR RESEARCHER AND DEPUTY EDITOR ONLINE

JOHANNESBURG (miningweekly.com) – Canadian miner Teck Resources has sold its 76.56% interest in the Stonepark zinc project, in Ireland, to base metals explorer Group Eleven Resources (G11), according to joint venture (JV) partner Connemara Mining.

Connemara chairperson John Teeling previously said the explorer was keen to have a partner with “deeper pockets” and on Wednesday welcomed the news of G11 as its new partner.

“This is very good news for shareholders. Stonepark is an advanced asset, which we believe has great potential, a view shared by our new partner G11."

Dublin-based G11 recently also bought Teck’s 60% interest in the Ballinalack zinc project, in Westmeath and Longford. Teck and fellow Canadian miner MAG Silver hold 6.3% and 22%, respectively, of the equity of G11 on a fully diluted basis.


G11, which is preparing to publically list in Canada later in 2017, paid C$2.15-million in cash and a 4.5% net smelter return (NSR) royalty with buyback provisions for Teck’s interest in the Stonepark exploration project. Assuming all the buyback provisions are exercised, Teck will have a 1% NSR.

Connemara had an option to also sell its stake on the same terms as Teck, but opted to retain its 23.44% shareholding in the six prospecting licences, near Limerick. Assuming NSR buybacks, Connemara would have received C$2.80-million and a NSR of 1%, which represents about 75% of its current market capitalisation.

“Rather than accept a cash and royalty offer from G11, we have decided that the best interest of shareholders lies in keeping the 23.44% interest in Stonepark . . .. We look forward to a resumption of active exploration on the block," Teeling said.

The Stonepark project is a few metres away from Glencore’s Pallas Green project, which is Ireland’s largest zinc/lead resource.

The Ballinack project is the second-largest undeveloped zinc/lead resource in the country and about 50 km west of Boliden’s Tara zinc operation – Europe’s largest zinc mine. 

[moneymunch] 12/10/2017 13:36

Pmsl...Elcapital the Canadian COWARD boiler room boy....lowlife snide scumbag with no balls!!! Gla holders good news from HH next week will be well received. On and Up!!!:-)

[nevgroom] 12/10/2017 13:11

Buy 3.5m @ .415
Sell 500k @ .398

Widened the spread - Can still buy a huge amount, can't sell so many