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Thanks dsfat, If you take away Ukog other assets ie Broadford Bridge which the market has pretty much punished it's share price down to 1.15p on rns day. And not much value added to Holmwood and IOW as that is no sign of drilling. And if you strip away all Alba's other assets and just compare Horse Hill then Alba is very undervalued, in fact 3 times undervalued compared to Ukog for our 18% of HH Ukog has since recovered from bad news on BB and people are buying in for HH upcoming flow testing in the coming days. Ukog has risen from 1.15p to 1.65p today. Alba has yet to move up due to placing shares, but a few more days and we will be free to move up freely.
Alba is at the moment unloved because it's not the main operator. Just like HH, we own 18% so if you compare it to Ukog Mcap we should be 3 times today's Mcap just to catch up in terms of value with Ukog. Alba are now taking things a lot more seriously by taking on 2 additional oil experts. Value will be added once assets are proved up because we own a big percentage of assets. - fact
Is about to kick off, we have 18% and our sp will start to rise when rig is on site. Tankers will be spotted as there are some die hard Weald basin investors watching the gates pretty much every day. Alba are very undervalued compared to Ukog regarding Horse Hill. I honestly can see our Mcap being a lot higher in the coming weeks and month on Horse Hill results.
HH has the biggest upside potential and PRIM sold down 50%. Stop beating around the bush. Alba increased their stake to 18% that why they are such a hot stock at the moment. Some poster here only a few months ago kept referring to HH as the Jewel in the crown for PRIM. I sold 90% here to move over to Alba because of HH
And with a tiny Mcap of �9m Makes Alba very undervalued, as soon as oil tankers starts leaving site then this little beauty will fly. I can see Alba at a Mcap of �50m - �60m this summer. Placing is no out of the way, fully funded, strong team in place. We mean business. 30-40 day flow test of each zone starting with Portland then onto Kimmeridge. The flow rates was restricted to small size chokes last time but still flowed 1688bopd. Let's see what rates we get with bigger chokes and pump! April will get very exciting in here