Member Info for krull

GOLD OF ROYALTY,

Interesting Read. Lists the Royal weddings using Welsh Gold.

https://www.clogau.co.uk/aboutclogau/goldofroyalty.aspx

PR don't get much better than this.

Princess Eugenie’s wedding ring is from a piece of Welsh gold gifted to her by the Queen #royalwedding https://www.mirror.co.uk/news/uk-news/royal-wedding-live-princess-eugenie-13401769 …

https://twitter.com/AlbaMinerals

Informative @BBCWalesNews article on the Dolgellau gold belt and #ALBA's intentions to bring the Clogau #Gold mine back into production published this weekend. Read the full article here: #Wales #Mining

https://www.bbc.co.uk/news/uk-wales-46179570

Daily Mail article.

https://www.dailymail.co.uk/news/article-6436295/Company-planning-relaunch-mining-Wales.htm

Also, #HorseHill
Tanker number 72 leaving the site this morning

Nice PR,

https://www.express.co.uk/news/uk/1051130/gold-rush-wales-gold-discovery-gwynedd

Alba seems to follow Ukog! It's oil price drop that has done the damage IMO, oil can go back up just as fast as it can go down. The fundamentals look good, we have two commercial oil zones in the bag, a 3rd very likely soon IMO.
Income until June from the EWT, and very likely to extend past that until a production licence is granted!
A horizontal drill about to spud into the commercial Portland layer early next year

Very much doubt it Scully, revenue from HH and Brockham about to kick in. Oil price has dropped, so maybe the MM were expecting some selling that did not materialise. Looks like they were faking a few sells hoping to spoof a few PI's into selling! IMO

You raise a good point Professor, Insofar that Mr big Kon's daughter may now own more than 44% of the company!

ProfessorZ, The 56% are the shares that are being traded on the AIM market. they are what shareholders own, mostly PI's from the UK

Yeah two big buys, Nice.

Looks like MM's have marked the price down in sympathy with the Oil price drop.

SCC will want their 6% of production profits to continue

Sounds good to me Vulcan, Though would add, Just can't see production being stopped at HH now. SCC will want there 6% of revenue to continue IMO. The planed EWT has been extended until June/19, think a good chance it will be extended further, or a full extraction licence will be granted before it ends!

I'm very much looking forward to the horizontal well targeting the Portland layer thats planned to spud in early 2019.
The HH-2 horizontal well has a targeted sustainable daily Portland production rate of 720 to 1,080 bopd, 2 to 3 times the calculated sustainable vertical well rate of 362 bopd derived from the EWT programme.
The Portland is a well known conventional oil layer, It would seem they have found a sweet spot at HH

Well, It's quite obvious, Mr Konov is up to no good. So what is his game! Why transfer his 44% Share holding to his daughter? Then administer secret loans to friends/acquaintances out of much needed company funds! Without any doubt, he would have known this money was set aside to pay dividends and for working capital! So why do it?
Then you have to wonder why/how the BOD never noticed the funds disappearing (overdraft going up) from the company bank account! FFS what do they do if not run the company! But then you have to wonder about all the delays, bad weather/bad luck UEN suffered drilling new wells! With the result of pushing the share price lower.
So why was there not a Tr1 issued when Mr Kon's 44% share holding transferred ownership to another party!
You have to wonder/consider are they all in it together.

Podcast

https://www.boardroom.media/broadcast-single/5bf1e59a50ac2c0cdb7d41b5

Flow test extended until June 2019 IMO, it would be logical to take advantage of 6 months test flowing both KL3/KL4 simultaneously.
In reality that would be 6 months of production income from both zones.
Think It's fair to say, there's a nice profit in it for Alba!

How much EWT oil/income will/could be produced if KL3 and KL4 are flowed simultaneously over 6 months?

https://twitter.com/angusenergyplc

https://twitter.com/DavidLenigas

Don't know where DL is getting this information from in the Ukog presentation! maybe the Graph on page 10? not sure what, "Extended Well Test - Q1 Q2 - Successful testing and production" means!

https://www.proactiveinvestors.co.uk/companies/stocktube/11225/excitement-builds-at-alba-mineral-resources-as-horse-hill-production-tests-impress-11225.html

A fair bit of revenue will flow into Alba's coffers if they extract oil simultaneously from the two main kim layers! Ukog could be thinking, It's a good chance to earn some revenue while testing!
Also possible they may want to test flow KL1 & KL2