Alba Mineral Resources Share Discussion Threads

[blueblood] 03/7/2018 08:04

Remember conference call in 2 days. Lots of further news possible in very short order.

[25wbh] 03/7/2018 07:46

Darcy 1 ,yes very good news, am now looking for a rise in Angus

[darcy1] 03/7/2018 07:38

interesting news from Angus in regards to the Kimmeridge layers at Lidsey, strengths the case that the weald basin could all be connected.

[niceyman1] 03/7/2018 06:07

Sorry disagree that Ukog will fall today with news so near and possibility of rns today! Think it will end the day up!

[tmmalik] 03/7/2018 06:01

Today 0.60 on card for Alba as UKOG will stay around 2.25 till placing n loan shares get clear which will take 3 days.Good opportunity to buy UKOG around 2.20 as well

[tidy 2] 02/7/2018 23:16

Ukog 110m cap also actually.

[blueblood] 02/7/2018 22:17

Tidy Alba's WI in H/H is around 36% of UKOG not half but still very lucrative and all comparisons still stand.

[tidy 2] 02/7/2018 22:03

Alba circa 45% less shares in issue than Ukog since they placed today and 1/10th their current market cap. And alba has half of what Ukog has at HH. Sp moves much quicker in alba, I wonder why.

[urigem] 02/7/2018 21:07

Tidy.. Good point, we will see what this does over the coming weeks but feel much more comfortable with my Ukog profits in here

[tidy 2] 02/7/2018 20:15

Basically alba has half of what Ukog has of HH but with ukog placing today they will have 5.1bn shares in issue. Ukog is paying the way and alba reaps the benefits without footing the bill which means dilution to ukog on 5.1bn shares in issue & £90m cap, alba has 2.8bn shares in issue and £11m cap. So disregarding everything else alba has, you could argue a cap of £45m for alba on HH alone is where alba should or could be today. So circa 1.31p today based on Ukogs cap without any further rise for Ukog who is being diluted by the day unfortunately.

[rayrac] 02/7/2018 19:05

Nutech also estimated that there could be 19.5 billion barrels of oil in place in two limestone layers in the Kimmeridge Clay.

Wasn’t that just for HH? Something not reading right there?

[urigem] 02/7/2018 17:58

Looking good for tomorrow here, UKOG gone and placed another gazillion shares, I think this will get a lot more attention as a lower risk play

[rmart] 02/7/2018 17:25

top tips
2 Jul '18 - 17:11 - 4299 of 4299
0 0 1
David Lenigas
‏@DavidLenigas
21h21 hours ago

This is worth another read if you are interested in the Horse Hill oil discovery. BBC News - Gatwick oil 'could add billions' to UK economy


"Gatwick oil worth 'billions to economy'

Oil production in the south of England could add billions to the economy and help offset the decline in North Sea production a report says....

...In April last year, UKOG's chief executive Steve Sanderson told the BBC that there could be up to 100bn barrels of oil in the Weald.

"This report confirms UKOG's view that the development of Kimmeridge Limestone oil in the Weald basin can make a very significant contribution to the economy, employment and energy security of the UK," Mr Sanderson said.

Oil has been produced in the region for decades.
The findings

The report concludes that the economy could be boosted by between £7.1bn to £52.6bn over a 40-year period.

Total oil production over that period could range from 140 million to 1.125 billion barrels....

...Nutech also estimated that there could be 19.5 billion barrels of oil in place in two limestone layers in the Kimmeridge Clay.

[tidy 2] 02/7/2018 16:26

Too right.

[rmart] 02/7/2018 16:22

UKOG raised funds at 2p. The clever money from there is coming here now.

[urigem] 02/7/2018 15:04

These seem a better way to ride HH? What the thoughts.. Never been a big fan of Lenigas

[25wbh] 02/7/2018 14:42

many taking a profit from Alba at just over .4 which is not bad as many got in very cheaply, once they are gone its onwards and upwards again

[livup967] 02/7/2018 14:34

must say well done to MARKET MAKER here for letting it go.... GOOD JOB...


GLA

[nicosevos] 02/7/2018 14:34

Looking good......at last!
gla

[rmart] 02/7/2018 14:33

market cap still only 1/10th of UKOG. A long way to go yet.

[hazelst] 02/7/2018 14:32

With many more to come!

[livup967] 02/7/2018 14:30

hi GIS nice to see you here....

happy to shear the love... to alba and post positive vibes along the way...

REGARDS....

[tidy 2] 02/7/2018 14:29

Paying over to get in. Mms know where it's heading.

[gismo] 02/7/2018 14:25

Hi hazelst, what a day!