Alba Mineral Resources Share Discussion Threads

[moneymunch] 23/10/2017 07:12

23 October 2017

Alba Mineral Resources plc

("Alba" or the "Company")

Receipt of OGA Approval in respect of Brockham Oil Field

Alba Mineral Resources plc (AIM: ALBA) is pleased to announce, further to the announcement of 22 September 2017, that it has been advised by the Operator, Angus Energy, that it has received final approval from the Oil and Gas Authority ("OGA") for the Field Development Plan Addendum at the Brockham Oil Field (Production Licence PL235).

The Operator has further advised as follows:

- As stated in the announcement of 11 May 2017, this OGA approval is the final regulatory consent needed for production to commence from the Kimmeridge layers in well BR-X4Z ("X4Z").

- The X4Z well will initially produce from a 200 metre naturally fractured section of a 385 metre thick Kimmeridge interbedded shale and limestone layer. Further technical guidance can be found in the Company's announcement of 3 March 2017.

- Prior to initiating production, the Operator will install a connection to the National Grid for the distribution of excess power generated on-site as outlined in the Company announcement of 22 September 2017.

- Upon completion of this installation, production from X4Z will commence.



- The Operator has reiterated that there will be no hydraulic fracturing or "fracking" at the Brockham Oil Field.

- The Operator's previous guidance on the Brockham Oil Field remains unchanged.

Alba will continue to update shareholders as and when updates are received from the Operator.

George Frangeskides, Alba's Executive Chairman, commented: "This is a significant announcement, following as it does closely on the heels of the grant of planning approval last Wednesday for extended flow tests to take place at the Horse Hill Project. This puts Alba in a strong position in relation to the investments we have made in the UK onshore oil & gas sector."

[moneymunch] 23/10/2017 07:03

BOOM!!! :-)




Angus Energy receives OGA approval
RNS Number : 2655U
Angus Energy PLC
23 October 2017


23 October 2017





Angus Energy Plc

("Angus Energy" or the "Company")



Angus Energy Receives OGA Approval





Angus Energy, a conventional oil and gas development company, is pleased to announce subsequent to its RNS of 22 September 2017, the Company has received final approval from the Oil and Gas Authority ("OGA") for its Field Development Plan Addendum at the Brockham Oil Field (Production License PL235).



As stated in the Company RNS of 11 May 2017, this OGA approval is the final regulatory consent needed for the Company to begin production from the Kimmeridge layers in well BR-X4Z ("X4Z").



The X4Z Well will inititially produce from a 200 meter ("m") naturally fractured section of a 385m thick, Kimmeridge interbedded shale and limestone layer. Further technical guidance can be found in the Company's RNS of 3 March 2017.



Prior to initiating production, Angus Energy will install a connection to the National Grid for the distribution of excess power generated on-site as outlined in the Company RNS of 22 September 2017.



Upon completion of this installation, production from X4Z will commence. Angus Energy will update the market in due course.



The Company reiterates there will be no hydraulic fracturing or "fracking" at the Brockham Oil Field.



Angus Energy's previous guidance on the Brockham Field remains unchanged.



Further information can be found at www.angusenergy.co.uk

[moneymunch] 22/10/2017 14:25

All eyes now on BB, flow tests back on track this coming week.....significant upside on positive data for Ukog an undoubted added value for Alba, and transformational upside for all on confirmation of commercial flow. Gla Holders On and Up!!! ;-)

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

The planned programme is as follows:

-- Firstly, proceed ahead to isolate, acid-wash and sequentially flow test multiple 30-100 ft existing perforated zones in the naturally-fractured KL1-KL4, and then;

-- Perforate further naturally-fractured limestone reservoir zones in the KL1, KL2 and KL3, isolate, acid-wash and sequentially flow test multiple 30-100 ft zones, and finally;

-- Conduct a short cement squeeze in a section of the KL4/KL5, run a new cement bond log, re-perforate the newly cemented section, isolate, acid wash, and sequentially flow test multiple 30-50 ft zones.

-- Flow will be initiated throughout the programme via the use of nitrogen-lift (without coil tubing), swabbing and/or pumping via the existing high-capacity linear rod pump

Testing is planned to continue until mid-December 2017.




Stephen Sanderson, UKOG's Executive Chairman, commented:

"In the Company's view, the volume and nature of the oil and gas recovered to date from the Kimmeridge proves that BB-1z contains a continuous oil accumulation some 1400 ft thick. 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. Our focus now moves to delivering further proof that BB-1z can deliver both commercially viable rates and volumes of oil to surface.

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."

[thehitman1] 21/10/2017 18:07

Ramping team at work!!!.

[moneymunch] 21/10/2017 13:12

Lol Dream twit....Ukog's flow tests at Broadford Bridge are pivotal to proceedings for all the Weald Players, and confirmation of commercial flow at BB will add considerable value here....Horse Hill has already flowed beyond all expectations, and so success at BB will be expected to be emulated at HH.....Alba currently hold a 9.75% interest and potentially more if RGM's stake is acquired and so Alba's share price will rise significantly in anticipation, and of course news on OGA approval for Brockham's production is expected imminently , and again will add significant value....not to mention further updates and progress made in Greenland etc....Alba's prospects and potential look very attractive from this bargain low share price and tiny market cap and positive news flow will see this re-rate and re-rate and re-rate....A multi-bag in the making....£8m market cap to £80m market cap in the coming months on confirmation of commercial flow at BB and HH.....Gla Holders....All eyes on BB...;-)

ps Ukog's IoW onshore is in the planning for this coming year, followed by their offshore prospect which is also planned to be drilled onshore by horizontal drilling, very similar to one of Wytch Farm's wells, which extends 11km horizontally from onshore to offshore. Gl ;-)

[25wbh] 21/10/2017 12:47

Moneymunch does say he has a high stake in Alba

But at the end of the day we all make up our own minds,B

[dreamtwister] 21/10/2017 11:34

the iow oil has migrated to southampton water,a busy shipping lane.for cruise/merchant ships,so a oil rig is out of the ?

it is also good news for alba of whom has no interests in the iow or bb,alba only interests in the wield basin is horse hill & brockam,investors should be very carefull on reading money munch posts,as he is promoting ukog assets and not alba.

[elcapital2017] 21/10/2017 10:45

monkeynuts you are a deluded idiot

You should have to pass an IQ test to post on here. That would get rid of lying idiots like you

[moneymunch] 21/10/2017 09:23

Beaufort Securities


19 Oct


UK Oil & Gas Investments (UKOG.L,) – Speculative Buy

UKOG announced yesterday afternoon that Surrey council has granted Horse Hill Developments planning permission to carry out an extended flow test at HH-1 well and drill and test two new holes. A sidetrack at HH-1 and new well HH-2. Shortly after the Broadford Bridge flow test is complete (due to commence shortly) the Horse Hill appraisal will begin.

Our View: UKOG has a busy period ahead and all being well multiple positive catalysts, BB-1 flow test, HH-1 flow test, HH-1 S/T and HH-2. The BB-1z flow test is expected to start sometime next weekend (30th) and last through November into December. Light oil has been flowing to surface with associated gas and management expect BB-1z to flow strongly once completed (with harmless acid stimulation as used in water wells). Lots to look forward to. We have a Speculative Buy recommendation.

Beaufort Securities acts as corporate broker to UK Oil & Gas Investments plc

[25wbh] 21/10/2017 08:29

Morning all

[moneymunch] 20/10/2017 22:16

ps Dream TwiT

IoW potential...gla Longs ;-)

Most of the recent exploratory wells of the 1980s and 90s etc seem to have been targeted at fault structures north of the main Purbeck-Isle of Wight Disturbance (i.e. north of the line of the re-activated Variscan faults). There are major unconfomities beneath the Albian, as shown in a sub-Albian map above.

The structural similarity with the Wytch Farm area is obvious, and the hope of finding another highly-successful Wytch Farm Oilfield has clearly been a driving force. ( 110,000 barrels of per day at its peak )

Most boreholes seems to have been concentrated in the western part of the island, and thus closer to Wytch Farm. Theories of migration from an area with mature source rocks southwest of the Isle of Wight is a factor. Surprisingly the wells have proved dry so far. The problem might be one of migration. Even in the area south or southeast of Wytch Farm there are problems about a migration fairway. Appropriate juxtaposition of permeable strata at the right time was essential.

Another possible complication might be the regional easterly tilt during Aptian-Albian times. This is seen in the coast from Dorset to Devon as the westerly overstep of the Albian. If migration coincided with this movement, then there may have been not just a tilt up towards the high north of the basin, but also a tilt up westwards. In simple terms there could have been migration in the Cretaceous towards the northwest, rather than just northward. Undoubtedly though there is no simple pattern and the details have to be established.

[moneymunch] 20/10/2017 22:15

Dream Twit....what on earth has the IoW got to do with Alba???

100m barrels of oil under Isle of Wight, Drill ready claims company

The company with the rights to extract oil from Isle of Wight sites have announced they think that there's over 100 million barrels available and it's drill ready.

A company, UK Oil & Gas Investments PLC (UKOG), has announced they believe there are over 100 million barrels of oil available for drilling on and just-off the Isle of Wight.

Huge amounts of oil

Their initial calculations of the oil located in the off-shores site to most likely be 116.5 million barrels of oil within two areas.

Their figures show it could be as high as 285 million barrels.

In addition to this, they estimate 197 billion standard cubic feet of gas could be available.

[dreamtwister] 20/10/2017 19:51

the iow was a duster !northern petroleum failed !

[dreamtwister] 20/10/2017 19:44

3 ? ? ? why did lenigas sell....why did rgm sell....why did the french sell.

[elcapital2017] 20/10/2017 18:03

Monkey munch. If the flow is slow, for short period or doesn't., your little monkey nuts will be roasted on your fire next to your tent on the Welsh beach. Moron