Alba Mineral Resources Share Discussion Threads

[blueblood] 29/10/2019 11:46

Need the BoD to tell us what the hell is going on? When will we be producing gold? What's happening in Greenland? H/H should at least hit home before Xmas!

[george gently] 29/10/2019 11:29

I think this is th ebottom and at least gold prices have been decent recently.

[eagle52] 28/10/2019 15:10

Get into PetroTal (PTAL) fast. Serious gains coming.


Bretana Field (PTAL 100%)

39.4 MMBO 2P (could double with expected better recovery), 78.7 MMBO 3P

+ Mid 2019 production 5000 bopd achieved.
+ Expect at least 10,000 bopd by end 2019 (CEO said verbally more likely to be 10,000 to 12,000 bopd).
+ 15,000 to 20,000 by end 2020 (already fully funded).

+ Assuming Brent at $65 and 5,000 bopd, operating netback to PTAL is $34.75 per barrel ($173,750 per day).
+ Assuming Brent at $65 and 10,000 bopd, operating netback to PTAL is $39.65 per barrel ($396,500 per day).


Block 107 (PTAL 100%, farmout progressing)

+ Osheki 1289 MMBO High Unrisked, 534 MMBO Mean Unrisked , derisked with 3D and on trend with several large fields, drill ready and farmout progressing.

4 other leads:

+ Bajo Pozuzo 2,634 MMBO High Unrisked, 1,016 MMBO Mean Unrisked
+ San Juan 192 MMBO High Unrisked, 147 MMBO Mean Unrisked
+ Constitusion 98 MMBO High Unrisked, 78 MMBO Mean Unrisked
+ Lead A 369 MMBO High Unrisked, 39 MMBO Mean Unrisked

Total 4582 MMBO High Unrisked, 1815 MMBO Mean Unrisked

Several leads to be de-risked by Osheki that combined could contain 4.6 BBO of unrisked prospective recoverable resources.

[25wbh] 24/10/2019 16:04

Posted by dsfat on the LSE covers Alba

[25wbh] 24/10/2019 10:13

Good to see 4 tankers in today 2 collecting oil
Cash flow looks to be increasing soon

[uknighted] 23/10/2019 22:03

BB posting same post on various threads- ignore.

[bigbarry] 23/10/2019 21:56

Funding soon.

[blueblood] 23/10/2019 09:03

F off then and leave us too it....

[blueblood] 22/10/2019 08:50

Good news if Chung the chump turns up....

[ken chung] 22/10/2019 08:00

Down it goes.Lemmings and mushrooms only.

[blueblood] 22/10/2019 07:19

More good news and production before Xmas. Got to re-rate soon!

[blueblood] 16/10/2019 11:13

The impact of revenues from H/H in a company the size of Alba is immense. £2m+ annual run rate in couple of months time.

[blueblood] 15/10/2019 15:51

Core seeping oil has highlighted sweet spot for horizontal drill. 1,000 bopd for Xmas!

[blueblood] 15/10/2019 09:51

When is market going to recognise our ever increasing value in H/H?

[25wbh] 13/10/2019 14:01

Put on LSE by dsfat

[computercoders] 12/10/2019 12:32

Do these guys still sell TVs and VHS players?

[stonefold] 11/10/2019 16:15

New presentation today.

[bigbarry] 08/10/2019 19:32

0.10 soon.

[blueblood] 08/10/2019 07:38

Full speed ahead at H/H. Should be producing significant income by Xmas.

[25wbh] 02/10/2019 16:20

We could do with some good news on our other projects
nothing for weeks
6th August on our Gold project

[7767] 24/9/2019 12:01

Could have bee rolling short but trades over 60 mins apart??