Member Info for seaace

Yanis.

Agree with what you say and maybe we will get to see the proof in the pudding once they are convinced all placing shares have been dealt with.

Having read the BB over there, one gets the impression some fear that another placing or deal involving a small dilution just might be announced as SS has a habit of opening the cheque book out of the blue.

What would pacify the shareholders is to see a positive RNS which in its own way would show them they are being supported and the longer there is silence, the more angst it will cause.

As for GF we know he is reliant on the operator for news re HH so that if any thing gets notified to us lot there's a very good chance we will do a Michael Cain moment and BLOW THE BLOODY DOORS OFF.

bE LUCKY...

Yanis.

No need to worry about UKOG.
A little research will show their last placing was at .02 and anyone that's been around for 5 mins will know the market normally succumbs to this if not slightly lower.
Once the placing shares have been flipped one can expect to see an improvement, but I for one have no idea just how many are still to hit the market.

However, as yhou say, we have had a good day of consolidation bearing in mind we finished at around .61/62 last night and this mornings games resulted in an illusion the fall was far greater than that actually happened.

Also, it's bought another day in time for news to be released and we can all smile and forget today.

Cheers...

Just in case peeps think our rise was a tad lower than expected, remember the SP had climbed from .39 on the 16th so in reality compared to that today's .001 rise is equal to 26% which is not far short of Friday's jump.
Be lucky...

Looking at the way UKOG's SP is falling, I'm beginning to wonder if the market, aware of the disparity between them and us, is reducing their M/C in an attempt to reduce the % difference between the two or put it another way, trying to disguise the glaring mismatch we are all aware of.
Seeing a drop of 7%+ reduces their value by a whopping £8m and am not sure if its to fall further...

With others thinking that UKOG could be a target to be bought out by a major, the thought suddenly hit me that as DHC has bored the 5hit out of all of us over the weekend going on and on about ALBA's need to dilute what would happen if WE we're approached with the same possible scenario, giving us all the capital required to really have a crack at bringing Thurl to production.
We already know JAY's superior valuation against ours but the bigger picture may be getting overlooked as attention at the moment is on the upcoming JORC.
Just a muse before the markets open and hopefully we can carry on where we left off on Friday.
Be lucky...

wilk1.

Was a mention today in the Mail showing ALBA as the biggest gainer @ 30%.
Hopefully will see a write up during the week to explain said rise.
Be lucky...

asher7.

Barbies looking hot - gonna be a SHORT TIME COOKING.
LOL

Sundaysun.
Beat you to it mate. Just sick of DH's persistent cr4p about dilution so I put this on UKOG. By the way, if you read his history you can see he is a trader so justifies to himself being negative should cause the SP to fall so he can execute another trade.
Posted on UKOG:-
Nowt wrong with other company's being talked about here given the fact in essence we're all part of the of the HH project.
Over on the ALBA board we have had quite a few from UKOG expressing their views so it's only fair we can reciprocate.At the end of the day there is a light weight battle going on with both sides trying to extol the virtues of their views as to who represents the better investment.
At the end of the day it matters not as any return on investment is down to the risk/reward one is prepared to commit to and trying to undermine another's choice is something that shouldn't be accepted as fair play although unfortunately some get a sick kick by being obnoxious...

All imo...lol

Nowt wrong with other company's being talked about here given the fact in essence we're all part of the of the HH project.
Over on the ALBA board we have had quite a few from UKOG expressing their views so it's only fair we can reciprocate.At the end of the day there is a light weight battle going on with both sides trying to extol the virtues of their views as to who represents the better investment.
At the end of the day it matters not as any return on investment is down to the risk/reward one is prepared to commit to and trying to undermine another's choice is something that shouldn't be accepted as fair play although unfortunately some get a sick kick by being obnoxious...

DH.

Guess you don't know a winning BB supportive of their Company as much as you think and trying to install fear of dilution and interference with CLN's and II's.

Think everyone here knows that you're either trying to influence the weaker of our group to sell cuz you missed the boat or installing fear on a Saturday evening is the norm.

Either way, we see through you so please just go away back to UKOG as I'm sure they will appreciate the tactics you employ.

Goodnight...

DH.

You surmise any need for a placing will automatically be given to II's.
For the norm you may be right, but with the knowledge we are almost to be commercial with the Portland zone and a strong possibility with the Kimmeridge to boot, its a fair wager the Company just might make an open offer to existing shareholders to say thankyou for the support they have shown to date.
It would certainly be a feather in GF's cap and IMHO would be over subscribed by a good margin.
After all, who wouldn't mind betting behind a one horse race...

Lets look at it a different way.

Should we need to raise capital, the first thing is to ask how much.
Given that our SP is rising rapidly for whatever reason, its on the cards we will hit and probably surpass a penny.
However, for this exercise we will limit it to the said penny which means for every million we need, should a placing occur, then we are looking at 100million shares or multiples subject to the target figure the Company is looking to raise.

This means that for every £1m we need we only have to dilute by 3.5% and if we diluted to the same extent as UKOG's 40% we would raise over £11m and this is to remind one, if the SP is only a penny. Should it rise to say 2p then we would have cash of £22m to do as we please and although we have only a third against UKOG's interest in HH, we have a surplus of other assets which either equal or surpass the two thirds difference and therefore its a safe bet we will never have as many shares in issue as UKOG...

Jerry, why are you here ramping the £hit out of UKOG and at the same time being snidey with unproven facts about funding you then ask others to answer as you say you don't know but we are supposed to take you're thoughts as verbatim?

As far as any cash call that may be required for 2019 operations, best wait until certain facts and progression take place as only then will a picture be painted as to future needs.

At the moment we are only on the cusp of being a company that will start to receive income, in this case HH but one never knows whats going on behind the scenes as Clogau.

The only financials I worry about is what is in the pipeline, when and what is needed to propel the SP forward and at the same time I not only look at the assets it has but what value can be atributed to them sometimes against their peers.

BlueJay has a M/C of 200m
UKOG's M/C is 120m
Ours is only 12m not taking into account our little, precious gold mine.
Added together, to say we are undervalued is beyond a joke although HH seems to be the catalyst to get us noticed and the results so far paint a very positive picture of us as we re-rate to unknown highs.

By all means champion UKOG but don't be an ass in becoming a nuisance in trying to talk down ALBA.

Be lucky...

15:01...

Just as well I did a small trade earlier and came out with an additional 33k shares with avg of .0017.
No way am I selling any to stay out afterwards as to me this is a mild consolidation and is to be expected after the 12% rise we've had the previous 2 days.
Happy hunting...

I admit it, I made a mistake as am so excited. Only human, and No Scully, not sold a bean.
Might make a mistake through emotion but not totally stupid as these shares are what dreams are made of and opportunities like these only come up rarely...

oops...

Quote - 'most productive period producing an implied daily dry oil rate of 228 bopd over a two-hour period'

When the penny drops you will be able to see that if this natural flow rate is applied to a 24hr period its equal to 2700+ barrels a day. Obviously, using a pump will exceed these figures but remember, this is WITHOUT the Kimmeridge 3 and 4 which are expected to produce 5 times as much using the 2016 production as a guide.

Best of all is we have just over 11% of whatever comes out of the ground and I'm talking £millions and £millions.

The M/C can only go up to be oiled with all our other assets.

Happy days...

Cheers Scully but am in another oiler in Nevada and just waiting for flow results over there.
Recoverable at 20% is 207m bbls out of a billion and the best bit is there are only 61m shares in issue.
Lift cost is only $5 per barrel so skies the limit.
Happy to have sold UKOG earlier and put all money in here as far far better prospect.
Be lucky...

If we get the same % rise results in the Kimmeridge, this will produce some 1900bbpd and thats with the choke still not at maximum or 200 bbpd to ALBA.
Nice little earner Rodders, nice little earner...