Uk Oil & Gas Share Discussion Threads

[beebong1] 25/11/2016 08:00

This is what the original posts said before they were changed.


A little gem of a share with a treasure chest of potential. Gla ;-)ALBA signed the letter of intent

www.mining-technology.com/news/newsalba-minerals-signs-loi-to-acquire-cauchari-south-lithium-project-in-argentina-5676774

investingnews.com/daily/resource-investing/energy-investing/lithium-investing/alba-minerals-options-lithium-project-salta-argentina/ALBAsigned the letter of intent

Alba Minerals signs LoI to gain Cauchari South lithium project in Argentina

UK-based Alba Minerals has signed the letter of intent (LoI) to enter a definitive option agreement and acquire 100% of Cauchari South lithium project in Salta province, Argentina.

The agreement is subject to approval of the TSX Venture Exchange.

The project is located within Lithium Triangle, which is known to contain one of the world's largest lithium resources.

Salta province has infrastructure facilities and a mining-friendly jurisdiction with a main highway to Chile that passes through the Cauchari South concession.
"The company estimates the project's total cost will be approximately $2.15m over 18 months."

Cauchari South site includes an area of around 1,300ha.

It is surrounded by Cauchari-Olaroz Salar on the south-west, lithium-producing Salar de Olaroz project and Lithium America's advanced stage Cauchari-Olaroz project.

The property also exhibits similar characteristics with the deeper, buried salar-type mineralisation that has been found in both of these projects.

Under the signed LoI, Alba Minerals has made a down payment of $20,000.

The definitive agreement is scheduled to be signed on 1 December.

Upon signing, Alba Minerals will have to pay the property vendors $175,000.

The company estimates the project's total cost will be approximately $2.15m over 18 months, in addition to issuing of one million Alba shares.

In expectation of signing the agreement, the company has decided to undertake a non-brokered private placement of up to $500,000 at a price of $0.10 per unit.

Each unit will consist of one share and single warrant that entitles the holder to buy one share for $0.15 valid for two years. This private placement is subject to exchange approval.



And then it was pointed out to him it was the wrong ALBA. Amazing how his eyes see something and it yet his brain thinks something else.

[moneymunch] 24/11/2016 21:49

Alba, a little gem of a share with a treasure chest of potential. Gla ;-)

[rayrac] 24/11/2016 14:30

Well that's ok then beapong. I can't see what your problem is...other than being a pain in the rear.

[beebong1] 24/11/2016 08:36

21 days from 14th November at the earliest I would say.

From RNS on the 14th November

"The Group will now seek the Health and Safety Executive ("HSE") and Oil and Gas Authority ("OGA") permissions needed to drill the BR-X4Z sidetrack at Brockham and will update the market in due course."

[beebong1] 24/11/2016 08:11

Says the person who said they had EA approval.

PS The permit has nothing to do with the approval given by the EA on the 14th November. The approval on the 14th November was from the EA in their capacity as MPA.
One was a permit, the other was an approval.
You really don't know how the system works do you!

[beebong1] 23/11/2016 15:41

HSE require application at least 21 days in advance so hardly imminent.

[moneymunch] 23/11/2016 15:00

Lots activity at site today, getting ready for delivery of rig and imminent sidetrack. Gla holders exciting times ahead and transformational potential upside on free flowing Brockham limestones.....OGA approval and start date confirmation anytime now. :-)

[beebong1] 23/11/2016 14:45

2014 all over again!!!

Just comeback from a site visit (unfortunately got stuck on the m25! Seems some people are actually just leaving for Gatwick for holidays).
Anyway the weather seems pleasant with blue sky although bit windy as I approached the site quite a lot of mud in around the entrance gates but it was completely dry, a few locals around who guessed I was here on a site visit and started chatting, it came across to me via the local man that quite a few people have come here for site visiting in the last few days and especially a black range rover who was seen on couple of occasions in the area in as many days (watch out !! You being watched whoever you are).
As we were chatting the gentleman is convinced that it should start operations this weekend so let's hope he is right.

[beebong1] 23/11/2016 14:41

Been to Melton Mowbray again have we!!!
Site has been prepared for ages. They started in January lol

[moneymunch] 23/11/2016 13:10

No rig as far as I could see this morning but lots of activity at site in preparation imho.....gla holders.....Big news from Brockham anytime now.;-)

[charliemike] 23/11/2016 12:15

Very much like the boy shouting fire

[funkmasterp12] 23/11/2016 11:38

"Waiting for the so called stampede".

You'll be waiting a while. Funny how there was meant to be a stampede on the Flow Tests, then a stampede on UKOG buying MPET's share, then a stampede on the EY & Nutech reports, now apparently a stampede on news from Brockham.

None of which ever happened or will happen, until the company sorts its finances out. Same for ALBA and the other HHDL stocks.

[beebong1] 23/11/2016 10:36

perhaps you should read what you wrote not what your head says!


moneymunch23 Nov '16 - 10:02 - 6446 of 6450 0 0
You've got to be a complete thicko or a snide lowlife share basher to misinterprate the following.....clearly beewrong is both. Gla holders Big news coming. ;-)


"there'll be a stampede for HH players shares where Alba holds 9.75% on free flowing limestones at Brockham"


"there'll be a stampede for Ukog and HH players shares where Alba holds 9.75% on free flowing limestones at Brockham"


www.youtube.com/watch?v=6Hlw_9ldThs

[moneymunch] 23/11/2016 10:14

Ps charliemike, the stampede is dependent on on free flowing limestones at Brockham, we won't know until the sidetrack has been completed you numptie.

[charliemike] 23/11/2016 10:10

The share price doesn't lie . Waiting for the so called stampede .

[moneymunch] 23/11/2016 10:02

You've got to be a complete thicko or a snide lowlife share basher to misinterprate the following.....clearly beewrong is both. Gla holders Big news coming. ;-)


"there'll be a stampede for HH players shares where Alba holds 9.75% on free flowing limestones at Brockham"

[beebong1] 23/11/2016 08:52

Amazing how the truth gets distorted!

"free flowing limestones at Brockham"

Considering the layer has never been tested at Brockham that is one big white porkie IMO.

Why mention ALBA at all. It's because a certain poster is well down financially on his UKOG shares and sold out to get in to ALBA.
DYOR on why ALBA gets all the attention on here from him! probably twice as many posts on ALBA compared to UKOG now.

UKOG share in Brockham (1.5%) is inconsequential in the greater scheme of things.

[beebong1] 23/11/2016 08:18

You said "Alba holds 9.75% on free flowing limestones at Brockham"

You also said "there'll be a stampede for Ukog and HH players shares"

Game set and match to me.

Perhaps you should read what you write before you post.

I'm even more convinced English is not your strong point.

[moneymunch] 23/11/2016 08:05

Pmsl...you desperate numptie, we know exactly who to trust and it's certainly ain't you!!!....." a stampede for HH players shares where Alba holds 9.75%!!!! OGA approval and sidetrack start date imminent. Significant upside beckons!!! ;-)

Alba originally secured this option to earn a five per cent interest in Brockham as part of its acquisition from Angus Energy in October 2015 of a 5 per cent interest in Horse Hill Developments Limited, the 65 per cent owner of the Horse Hill oil and gas project (PEDLs 137 and 246). Alba's earn in to Brockham was originally agreed to be on a "two for one" promote basis, whereby Alba would pay a ten per cent contribution to the cost of the drilling of the side-track well (from spudding to first oil) in order to earn its 5 per cent interest. Alba has now agreed with Angus that Alba's contribution to the cost of the side track well from spudding to first oil shall be capped, for all dry hole costs, at a maximum of GBP187,125, plus a maximum of a further 10 per cent of the AFE (Agreement For Expenditure) to be issued for production/well testing, and Alba shall only be required to fund Brockham joint account costs incurred and cash called thereafter in accordance with its five per cent interest only, and no higher

The Company considers this entry cost to a fully developed and recently producing oilfield to be modest, not least since Alba is able to commence its participation in Brockham on the cusp of an exciting development, namely the drilling of a side-track well via which the Operator expects to be able to recommence production at Brockham.

[beebong1] 23/11/2016 07:56

"where Alba holds 9.75% on free flowing limestones at Brockham"

Really. I thought ALBA had 5% of Brockham!!!

This is what ALBA have to say

"Alba has an option to farm in to 5% of Production Licence 235 (“PL 235”), which comprises the producing onshore Brockham Oil Field, which is located just to the north-west of the Horse Hill licences. The Brockham Option is a “two for one promote” arrangement, such that if Alba elects to exercise the Brockham Option, it must fund 10% of the cost of the well or side-track (from spudding to first oil) in order to earn its 5% interest. "

www.albamineralresources.com/page.php?pID=51

Difficult to know who to trust!

[moneymunch] 23/11/2016 07:22

Brockham's sidetrack, anytime now and on all on the back of a potential big spike in oil prices with Opec and friends all set to cut production....there'll be a stampede for Ukog and HH players shares where Alba holds 9.75% on free flowing limestones at Brockham, but imagine the interest with oil back to $60 plus plus.....exciting times with undoubted transformational upside potential ahead. :-)

[beebong1] 22/11/2016 17:42

freeasabird? lol

Customer Details
Name: Mr Gordon Big
Address: Gatwick Airport, Horley RH6 0NP
Comment Details
Commenter Type: Member of the Public
Stance: Customer made comments in support of the Planning Application
Comment Reasons:
Comment:I unequivocally support the application to progress the exploration and extraction of hydrocarbons at Markwells Wood near Rowlands Castle.
This discovery is an essential element in securing UK homegrown energy; oil supports the renewables industry - without oil and its bi-products renewable energy simply would not exist! Our air transport industry would be lost without the production of AV Gasoline, and much cleaner electricity is possible by implementing new technology gas to wire projects. Currently a substantial amount of our oil is imported; by developing our own on-shore reserves a significant reduction in UKs carbon footprint related to mass oil and gas imports will be realised. This is significant!
UKOG's strategy to support local communities is admirable. Protestors should refer to the UKOG website and note the CEOs message to the local community and read the comprehensive Q&A sections to update the archaic knowledge of many of the protestors. The more educated protestors are simply spinning lies and shamelessly are causing unnecessary distress and anxiety in the local community. UKOG confirm this is not a fracking application.
The short term visual impact and disruption will be minimal and insignificant in terms of the rewards to the local population; without doubt the economics and national importance of this discovery massively out weigh any inconvenience to the local community. In terms of transportation the road movements are comparable to other local businesses. In the longer term this site will be completely hidden and unobtrusive; the local community will not even know it is there once drilling is complete. I support the application.