Member Info for Yanis2005

MountTeide, throwing insults now? I am still here and holding strong atm. What is your point? Have you seen the light and bought in?

You been insulting the management now you insult me? Shows the kind of person that you are. Maybe you can point to something that I previously posted that is not a fact backed by the company website or an RNS?

In case you forgot who the major shareholders (as of June 2018) are here it is for you, take a look ... same ones as last year

http://www.mercpl.com/article/shareholder-information/7

IMO, not a chance.

Alba hired 2 oil specialists and will be relying on oil income to help with the financing of the other assets. IMO, right now is a very good buy opportunity.

Ukog now turned blue, Alba turn next.

tree shakeup? A couple of 2.5 million shares were triggered at 0.38, then bid up.

For what?

As per recent CEO interview - Fully funded for all current activities.

Harley, as far as we know Alba is funded for all current activities, which last to the end of the year. - HH EWT, projects Greenland, Ireland and gold exploration in wales. Might need funding for more drilling at HH but this is going to come after EWT and hopefully at much higher SP.

(a) 8% down on 5 million shares traded.
(b) bid at 0.38p - How is this possible?

Alan, thanks. We should know within the week, I am fully loaded :)

Thanks Alan, not long to wait then. Any idea pof how much storage is on site?

Can we then expect to see lots of tankers in a day or two?

That would mean one combined report for Portland and kimms at the end. I was under the impression that there was going to be a report for each layer.

Does anybody with experience know or can take a good guess at how long Xodus is going to take to produce the Portland report?

IMO, the share price drop is due to the failure of the Ukog SP to appreciate, Alba has in the recent past always followed Ukog. I think this will be the case until one of Alba’s other assets comes good.

Alba trading volume has been extremely low, in most days less than my holding. Low volumes are also reflected on Ukog and this might be due to people waiting for the EWT results. Portland results have been good but we are still waiting for the Xodus report. If this comes in indicating substantial recoverable oil, declaration of Portland commeciality along with exceptionally good Kimm flow rates, IMO the SP will launch upwards even before the Kim’s EWT is completed. Just my opinion though I am not an expert.

As far as more fund raising is concerned, didn’t GF say that all current activities are fully funded? All current activities includes Brockham and I read this to mean that we are funded to at least year end.

IMO, the SP now must be at the bottom and this is a buying opportunity.

These warrants were exercised at 0.9p. Any idea how many warrants are left?

Assuming that Portland layer testing finished last week as reported on site, can the experts predict how long it will take for the results to be analysed and finalised?

SOLO is still at circa 2.2 where it has been for the last 2-3 weeks.

Stuart33, you are exactly right, my knowledge in these matters is limited, thanks for the explanation. Patience. :)

cperkin, SS already said in one of his recent interviews that 50-70 barrels per day is commercial. He also said - and this is important - that declaration of commerciality may even happen before the completion of the test. The way I read this is that the Portland layer EWT result can be announced immediately on test completion.

Elegance, as per SS interview, 50-70 BBLD is commercial.

I do not believe that a commercial declaration with 70 barrels/day will help the SP. IMO if it is 70, then the SP will drop.

Elegance, yes, HH does flow. What we are all waiting to hear is how many barrels per day.

Short term test was around 400 barrels per day - excellent. The important number is how many barrels per day during the EWT.

If it is substantially less than 400 then IMO the market will not like it and silence will imply this as in BB's case where silence was bad news.