Alba Mineral Resources Share Discussion Threads

[tmmalik] 17/10/2017 19:48

It's 90 minutes planned timeSo mid day news expected

[graylyn1] 17/10/2017 19:12

what time is the meeting please?
thanks in advance

EDIT OK got it

Agenda
Planning and Regulatory Committee
Wednesday, 18 October 2017 10.30 am

[moneymunch] 17/10/2017 18:51

David Lenigas confident on Weald basin ahead of key Horse Hill decision

15:57 17 Oct 2017

Horse Hill's immediate future is due to be decided upon by a council committee on Wednesday, and, David Lenigas is looking forward to good news.
David Lenigas
Lenigas remains confident in Horse Hill’s multi-billion barrel potential

Gatwick Gusher proponent David Lenigas is hoping for good news from the Surrey County Council on Wednesday, when a committee is expected to make a decision on plans for a new programme at the Horse Hill project.

Horse Hill was the project that sparked an emerging new oil play in southern England - with the subsequent Brockham, Broadford Bridge and Lidsey wells seeing follow on successes - and the proposed programme aims to provide a long term production test for the new field.

It is intended that the Horse Hill partners, including Lenigas’s Doriemus PLC (LON:DOR), will carry out long term production testing through the programme which also envisages the drilling of two new wells.

Lenigas, in an interview with Proactive Investors ‘ Stocktube, highlighted that the 120 day flow test will be a follow up to the project with the “biggest onshore flow rate in British history” and said he hoped the council will approve two or three more wells, though he sees the possibility of even more drilling.

“I see potentially another six wells being drilled in the Weald basin next year, some will be production and some will be exploration. But, it is pretty exciting. It is all starting to come together.”

Lenigas remains confident in Horse Hill’s multi-billion barrel potential.

“Nothing has changed [since the initial Horse Hill estimates]. Not one of the consultants who originally came up with the estimates for the whole Weald basin, at P50 over 100bn barrels, or even if you look at Horse Hill between 10 and 12bn barrels, within the Horse Hill licences.

“Nothing has changed. In fact, it has actually just got better because we’ve now determined with the work that has been done at Broadford Bridge and at Brockham that the whole system appears to be naturally fractured which opens up huge potential for more oil.”

Speaking more broadly about the findings of more recent wells, Lenigas added: “What we’ve learned is the Kimmeridge itself is naturally fractured, whether it is in the limestone or in the Kimmeridge formation itself, which means there’s a lot of oil that can come out of that whole Kimmeridge system.

“It is very exciting. And there’s a lot of wells coming online.”
Broadford Bridge continued to flow light oil

Whilst tangible production statistics are awaited from UK Oil & Gas Investments PLC’s (LON:UKOG) Broadford Bridge well, the latest inferences drawn on the well’s findings plainly bode well.

The UK explorer on Monday told investors that the Broadford Bridge-1z well continued to flow light sweet oil as well as gas from the Kimmeridge limestone section. It added that the flow continues to clean-up, it has demonstrated increasing oil cut, and sustained periods of gas flaring.

Most significantly, UKOG pointed to similarities with the Horse Hill well – which is relatively nearby, just 27 kilometres away.

Along with the results from the Horse Hill well, the Broadford Bridge results to date show that the Kimmeridge contains “a thick regionally extensive continuous oil accumulation”, UKOG noted.

Stephen Sanderson, UKOG executive chairman, in a statement said: “The near identical reservoir characteristics seen at both BB-1z and HH-1, some 27 km apart, show this accumulation is laterally extensive over much of the Weald Basin. UKOG as the largest licence holder in the basin is in a prime position to exploit this resource.”

“This proof of geological and scientific concept is a major achievement and has significant positive implications for the prospectivity of PEDL234 and our extensive licence holdings in the Weald.”

The project update comes as investors await the start of an optimised flow testing programme – which will follow clean-up and a quick work-over – with multiple zones due to be targeted.

The testing programme is pencilled in to continue by mid-December.

“Our focus now moves to delivering further proof that BB-1z can deliver both commercially viable rates and volumes of oil to surface,” Sanderson added. The test results to date are technically significant and highly encouraging and I am confident that the more finely focussed and optimised testing plan can establish commercial viability."

Plainly, there are multiple moving parts to the emerging multi-project oil play and it is a fast moving story. And with plenty of upcoming catalysts on way the Horse Hill, Broadford Bridge, Brockham and Lidsey projects remain ones to watch for speculative oil investors.

[25wbh] 17/10/2017 18:02

we will have to wait dreamtwister the oil should give a boost for other interests

[dreamtwister] 17/10/2017 17:51

.....latest presentation

lenigas reckcons brockam is better than hh ? this guy is a p&d how he can forcast before flow tests are confirmed ? comes across with attitude when replying to ? asked by investors ?

[moneymunch] 17/10/2017 16:52

Permit approval for HH is a material key event, it's massive news and will put the Gatwick Gusher firmly back into the spotlight....and a Yes from SCC will add significant value....the share price will sail past 0.6p and maybe even 0.7p and more....the flowtests are expected to be underway this quater and Ukog have confirmed that they intend to do a short flow test before the extended flow test, and so results from the initial flowtest could arrive very quickly, and so you can imagine the market response if the flow is good again, and good results would again capture the public interest as we saw when the well was dubbed the Gatwick Gusher and so everyone would want in for the extended flowtests....the upside then would be transformational on confirmation of commercial flow....gl ;-) Ps and news from Brockham and Greenland at anytime....a multi-bag in the making. Gl ;-)

[moneymunch] 17/10/2017 16:35

Get Up there!!! Big news on HH imminent....Significant upside imminent!!! Gla holders On and Up!!! :-)

[1bonanza] 17/10/2017 16:28

Gizmo, same reason I sold some last time at 0.62

[1bonanza] 17/10/2017 16:25

Trying a dummy sell, getting 46.20 now

[gismo] 17/10/2017 16:23

why would you want to sell??

[1bonanza] 17/10/2017 16:22

Unable to sell any online!

[25wbh] 17/10/2017 16:18

Excellent gl

[25wbh] 17/10/2017 16:18

Excellent gl

[gismo] 17/10/2017 16:14

I'm actually on the up with this today 25, gl

[25wbh] 17/10/2017 16:07

MMs putting buy price up in anticipation of planning result tomorrow

[25wbh] 17/10/2017 15:45

Hi Gismo ,been tidying up leaves but in now to watch the finish. B

[moneymunch] 17/10/2017 15:28

Boom Time fast approaching on confirmation of a positive decision tomorrow on HH's Permit Approval. Gla ;-)

18th October 2017

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] 17/10/2017 15:19

A joint venture is already in place for the Iron Ore project in Greenland. Gla ;-)

4th September 2017

MEL 2017/41 (Melville Bay) has been granted to Alba's UK incorporated subsidiary, White Fox Resources Limited ("WFRL"). Alba has entered into a joint venture arrangement in relation to this licence with a private mineral resources investment group, whereby the investment group will sole fund the first year's exploration in return for a 49 per cent interest in WFRL. After the first year, the parties will joint fund exploration or dilute in accordance with a customary formula. Alba will be the manager and operator of the project.

[gismo] 17/10/2017 13:45

Afternoon 25!

[25wbh] 17/10/2017 13:40

Angus looking better now, hope the rise affects Alba

[dreamtwister] 17/10/2017 12:40

the first asset from greenland is the black mineral sands llimite a substance used for
titanium production,recently tosiba have released news that

Toshiba - big charging stations will be required for new battery technology - titanium niobium oxide ‘TNO’ anodes

Toshiba recently announced a ‘game changing advance’ in Japanese tech major Toshiba’s next generation SCiB battery which is set to transform the range and performance of current electric vehicles.
The Super Charge-ion Batteries rely on a proprietary titanium niobium oxide ‘TNO’ ceramic nanoporous anodes to provide transformative performance compared to existing lithium-ion batteries, which rely on graphite based anodes.

jay.... kmr.... alba.... have the black mineral sands ! so a off take agreements, will have a appetite for supply/demand !

[blueblood] 17/10/2017 10:30

Would be very unusual for SCC to reject advice if their own planning officer. Approval nailed on now imho!

[moneymunch] 17/10/2017 10:23

It's your call, but what I like about Alba apart from their tiny market cap is that they're not solely reliant on the oil given their exciting mineral prospects in Greenland that will be progressed in the coming weeks and months, although with the "Gatwick Gusher " back on track and with flowtests underway, the market interest and public interest will be significant imho and therefore Alba will be in full focus and will do very well. Gl :-)