Member Info for dsfat

Weald Oil investors currently only looking at UKOG and Angus but as the Weald continues to prove up Alba will benefit.

Whether that helps the share price only time will tell, however TBS news expected soon so just hope it's good news..or even very very good news !

Brockham news seems imminent so lets hope it's great news..

HH could still deliver a few surprises over the coming months so plenty to look forward to there..

Phase 1 (210 days) – the carrying out of extended well tests (EWT’s) and a short-term well test of the existing HH-1 well to appraise the technical and commercial viability of the hydrocarbon accumulations discovered. Each of the well tests will involve flowing, pumping (as required) and pressure testing with the purpose of evaluating the characteristics of the oil resource that was discovered during the original exploration of HH-1;
Phase 2 (100 days) – this is dependent on the outcome of Phase 1 and may in practice follow Phase 3 below; it involves the drilling of a deviated sidetrack from the existing HH-1 borehole. This will be followed by the carrying out of an EWT;
Phase 3 (110 days) – this is also dependent on the outcome of Phase 1 and involves the drilling of a new appraisal well Horse Hill-2 (HH-2) from the existing well pad. This will again be followed by an EWT.

http://www.horsehilldevelopments.co.uk/page.php?pID=4&page=Horse+Hill+2018

If it all comes good Alba must surely be a Big Winner

Patience needed whilst investors flap around between UKOG and Angus

imo of course

Greeno

Alba holds a 18.1 per cent interest in Horse Hill Developments Limited, the company which has a 65 per cent participating interest and operatorship of the Horse Hill oil and gas project (licences PEDL 137 and PEDL 246 covering a total area of 142.9 km²) in the UK Weald Basin.

= 11.765% beneficial interest.

It is my understanding that whilst in EWT's Alba's share is 18.1% which will reduce to 11.765% when in production.

Anyone have any thoughts on this ?

So for me Alba have 18.1% of 25,000 barrels to date at say £50 = £226,250 ish to date

Agree Yanis2005,

I stand by my comment that this RNS is very good for Alba but not great for UKOG and perhaps not great for Angus.

HH looks not to be the Gatwick Gusher but more of a steady cash producer that should build in time providing decent revenues to Alba.

Alba's assets need not be costly to prove up and TBS is for me the one we need to break free from UKOG and Angus.

Shouldn't be long before we find out what Alba have at TBS...

Bluejay released there maiden mineral resource estimate in March after their field season..No reason Alba won't do the same.

imo of course

'Fluid and pressure build-up data gathered from the KL4 test demonstrate that KL3 and KL4 are one single oil pool of 358 ft in vertical extent.'

This has to be great news..Plenty of Oil

Nice position for Alba

George Frangeskides, Executive Chairman, commented:

"The plans to continue the EWT test programme into this quarter are testament to the success of the extended testing programme that we commenced back in July of last year. The declaration of commerciality for the Portland sandstone, followed by these sustained production levels at the Kimmeridge limestones, are the solid foundations upon which the planned move into permanent production at Horse Hill before the end of this year will be built."

imo very good news for Alba but not so great for UKOG and probably not good news for Angus.

imo of course

Taken from Kenmare board:

Kenmare has positive expectations on pricing this year due to feedstock shortages despite predictions that the titanium-dioxide market will soften in the second half of 2019 because of restricted production and exports from India and Vietnam.
A shortage of high-grade TiO2 feedstock will support demand for chloride ilmenite and ilmenite for use in upgrading plants, Kenmare said.

Fastmarkets IM on January 10 assessed the price of Ilmenite concentrate, 47-49% TiO2, CIF China, at $164-180 per tonne, unchanged week on week.

Kenmare shifting circa 1MT of ilmenite a year and if Alba can prove up 30MT at TBS they would have something to shout about .

I have to say i'm hoping for TBS to deliver news of a maiden mineral resource estimate in excess of 30MT of high grade ilmenite...

https://www.proactiveinvestors.co.uk/companies/news/188819/alba-might-have-next-big-minerals-sands-story-says-broker-188819.html

HH looks less like a gusher but more like a cash generator with SS talking about 2000 bopd in recent interviews. That is plenty for Alba to be making a decent profit and offering some stability going forward.

Brockham..who knows for sure, could be another HH or another BB..

TBS is key for me so keeping everything crossed as we await news

all imo of course

Damn first post on Alba on a Monday and it's a doom and gloomer lol

Year high is only 0.33 so a couple of buys and it should smash it

Friday saw a small rise so not really lower every day either :-)

https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB00B06KBB18GBGBXASQ1.html?lang=en

Alba holds a 18.1 per cent interest in Horse Hill Developments Limited so with what looks to be two tankers a day and the odd one on a Saturday Alba are chalking up some good Oil sales.

How much of that is allocated to Alba after running costs is another thing but say:

2 x 220 bopd = 440 bopd x £50 (for example) = £22000 x 18% (Alba's share of HHDL) = £3960 per day

Tankers seem steady so they must be happy pumping this amount during this stage of the EWT's.

I have no idea on site daily running costs but if we say it's £11000 per week the Saturday tanker takes care of that :-)

So i'd say Alba look to be sitting on a good thing...imo of course

The TBS results are what could really change Alba's MCAP and in turn share price, won't be too long now...

Worth a look back at Alba Half-Year Report:

'Following the completion of the laboratory test work, an independent Competent Person will then commence the necessary work to assess the generation of a maiden mineral resource estimate for the project.'

http://www.albamineralresources.com/ul/20180824%20Alba%20Interim%20Report%202018%20FINAL%20CLEAN%20(IMAGES).docx.pdf

Good Sunday Read :-)

Eyes on the prize !

Well lets hope so lol

I don't think so...

The last placing to cover costs at Brockham and running costs whilst HH looks to be delivering enough revenue into HHDL to cover Alba's share of planned drills.

Depends on Alba's requirements for Greenland, Ireland and Wales this year.

Angus have a habit of raising funds before results (they did a similiar thing before results at Lidsey)

Alba doing better today than UKOG and Angus makes perfect sense to me at this time.

IF Brockham does not flow as investors hope Angus will suffer a significant drop (regardless of who the bod is) whilst Alba are unlikely to suffer due to their having a small stake in Brockham.

IF HH tests show HH to be less than fantastic UKOG will surely suffer a significant drop whilst Alba with less at stake do not need great results from HH for it to be deemed a success.

Alba holders are less stressed about both HH and Brockham delivering fantastic results because they have other projects that look certain to deliver interest and value in the coming weeks, months and years.

We all want great results from HH and Brockham but UKOG and Angus NEED great results...

Big difference

imo of course

Alba doing better today than UKOG and Angus makes perfect sense to me at this time.

IF Brockham does not flow as investors hope Angus will suffer a significant drop (regardless of who the bod is) whilst Alba are unlikely to suffer due to their having a small stake in Brockham.

IF HH tests show HH to be less than fantastic UKOG will surely suffer a significant drop whilst Alba with less at stake do not need great results from HH for it to be deemed a success.

Alba holders are less stressed about both HH and Brockham delivering fantastic results because they have other projects that look certain to deliver interest and value in the coming weeks, months and years.

We all want great results from HH and Brockham but UKOG and Angus NEED great results...

Big difference

imo of course

Alba doing better today than UKOG and Angus makes perfect sense to me at this time.

IF Brockham does not flow as investors hope Angus will suffer a significant drop (regardless of who the bod is) whilst Alba are unlikely to suffer due to their having a small stake in Brockham.

IF HH tests show HH to be less than fantastic UKOG will surely suffer a significant drop whilst Alba with less at stake do not need great results from HH for it to be deemed a success.

Alba holders are less stressed about both HH and Brockham delivering fantastic results because they have other projects that look certain to deliver interest and value in the coming weeks, months and years.

We all want great results from HH and Brockham but UKOG and Angus NEED great results...

Big difference

I know some here are invested in UKOG and Angus and I don't mean to stir up any angst with them..BUT Alba feels a lot safer bet to me right now...

imo of course

Another tweet of HH pump in 1 cycle every 9 secs ish..

Anyone know how much each cycle draws up ?

https://twitter.com/Adrianwfire/status/1083369853950574592

Gutted that Alan2017 has either left or has been removed from LSE.

He was generous with his technical advice and information regards Brockham.

Interestingly his recent tweet was taken from the Alba website...

https://twitter.com/Alan20171717

Shared this for info update on HH and Brockham:

https://hotcopper.com.au/threads/ann-corporate-presentation.4598557/

'As the first part of the regulatory process necessary to deliver
long-term oil production at Horse Hill in 2019, HHDL has recently
submitted an outline production scoping report to local authorities
(SCC).
• The envisaged development has a total of six production wells and
assumes a maximum daily rate of around 3,500 bopd.
• During the production phase it is envisaged that should
production capacity exceed 3,500 bopd an application to increase
total produced volumes will be made'

Exciting year ahead for Alba Oil

WO likes it when investors make predictions ;-)

I'm going to stick my neck out a bit with HH, Brockham and TBS (fingers crossed for a significant JORC) all coming in and 6p by Christmas :-)

I've got some big Rose tinted glasses !

Last trade was a small UT at 12.28 ?

https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB00BYWKC989GBGBXASQ1.html?lang=en

Alba hit 1p for 1 day last year when there was a glitch in the system !

Away goes Tanker Two at HH

https://twitter.com/wealdoilers?lang=en

Great day :-)

Scandic your analysis of Alba strikes me as harsh..

Alba now has an 18% shareholding in Horse Hill Developments Limited ("HHDL").

HHDL is a special purpose company that owns a 65% participating interest and is the operator of the licence area, comprising Production and Exploration Development Licences (PEDL) 137 and 246 ("Horse Hill or the "Licence Area"). For further information go to www.horsehilldevelopments.co.uk. The remaining 35% participating interest in the Licence Area is held by Tellurian Inc, formerly Magellan Petroleum Corporation (NASDAQ: TELL). As such, Alba owns an effective economic interest of 11.765% in the Horse Hill Project.

I'd say they have been busy buying into HH which I think we would all agree looks to have been a good strategy..

Alba managed to secure 5% of Brockham which all eyes will be on over the coming weeks..

IF Alba can prize Doriemus's 10% of HH from DL they would hold circa half as much of HH as UKOG !

I would suggest Alba have become very much part of the Weald Basin Oil story.

imo of course