Member Info for Yanis2005

Good question, IMO they are placing shares, or last of prim or Gunsynd. I do not see a PI selling now and at that price. Hopefully these big sellers will run out and we will move up. 75 million shares traded so far today.

UKOG up 117% ... wow!!!

Added some more. Should be upwards from here on. GLA.

There is going to be another RNS when it starts. The important think is that all approvals are now in place and we are fully funded. Wait for the rig to arrive at HH now. GLA

RNS just out

I do not believe for a moment that the shares been sold are from PIs, there cannot be any PI left that can sell at break even, never mind making a profit.

Mrnaddy, HH EWT, so far was never promised to start in June. It was promised to start a lot earlier: In Jan/Feb 2018 subject to discharge of SCC planning preconditions (notice preconditions only, all else is assumed to be in place by then, simply because it is not mentioned). UKOG & ALBA RNSs 19th December 2017 http://www.lse.co.uk/share-regulatory-news.asp?shareprice=UKOG&ArticleCode=xt2pqka4&ArticleHeadline=Operational_Update__Horse_Hill1 http://www.lse.co.uk/share-regulatory-news.asp?shareprice=ALBA&ArticleCode=fp9rvo42&ArticleHeadline=Horse_Hill_Update Now moved back a little, SOLO RNS 9 March 2018 - Testing at the Horse Hill-1 oil discovery is expected to commence in early second quarter and is anticipated to lead to a declaration of commerciality at the Portland Sandstone reservoir http://www.lse.co.uk/share-regulatory-news.asp?shareprice=SOLO&ArticleCode=halaj6y8&ArticleHeadline=Completion_of_Horse_Hill_Acquisition_and_TVR Then put on hold. UKOG RNS 23rd March 2018 - SCC planning preconditions have been discharged, and are now awaiting OGA approval - First time this obstacle is mentioned. Up to now, I and I am sure many others, assumed that this would have been in place by the time the SCC preconditions are discharged. http://www.lse.co.uk/share-regulatory-news.asp?shareprice=UKOG&ArticleCode=kqtsac4r&ArticleHeadline=Update__Horse_Hill There is no ther information on HH EWT status. Significant amount of time has passed since the promised HH EWT start dates with no update. As a results share prices in these stocks have tumbled. As I write, UKOG bid is at 1.0p, ALBA at 0.24p and SOLO at 2.5p. This shareholder damage is a result of them promising some material event was going to occur by a certain date. This date came to pass, by a long way, and they are now silent. A silence that the longer it goes on the more damage the shareholders will suffer. Surely they must be breaking some rules?

Charlie, You are right about real plans behind the assets, they really need to come up with a timeline for obtaining TBS JORC. I understand where you are coming from, it is very difficult to keep the faith when an explanation is owed and instead of communication there is silence, in the meantime the SP tumbles. This morning the bid is at 0.25p! These very likely are placing shares selling at further discount and is worrying. They really need to come up with an update on HH EWT in order to stop this rot. There is no question about it, the start of HH EWT has an effect on the SP. I added a substantial amount of shares to my holding in anticipation of EWT start. I imagine other shareholders did the same. These guys have initially promised EWT start last Jan/Feb subject to discharge of SCC preconditions (extract from December RNS: - The 2018 programme is planned to commence directly upon the discharge of SCC's pre-commencement planning conditions, expected by the end of winter 2017/18 - Note that there is no mention of OGA approval being an obstacle, it does not say ... preconditions and OGA approval) March RNS said that SCC preconditions have been discharged and are waiting for OGA approval (first time OGA is mentioned, the assumption based on the previous communication was that OGA approval would have been in place by the time SCC planning preconditions were discharged). Solo in their March RNS said that EWT was expected to start early 2nd Quarter. Alba in their Feb 2018 Corporate Presentation clearly shows HH EWT starting early 2018. Since there is clearly a severe delay for HH EWT start, a start date that they indicated to the shareholders that came to pass. The effect is substantial deterioration in the SP - Are these guys not breaking any rules by promising things that don’t materialise? Worth contacting AIM?

Strongman, and your point is?

Email ALBA, if we keep asking them for an update they may communicate.

My thoughts precisely. They need to timetable JORC certification as this is their most promising mining asset. If they do that sentiment is bound to change. Personally, I don�t expect much from their other mining assets in the near future. As you said, they could come up with a maiden TBS JORC this year and update it later. Blue Jay did update their JORC recently with a 400% increase. And yes, if a lot of shareholders keep ranting at them they may communicate. What does an email cost? A few minutes of our time, that is all.

Albinio, right. Are we on target for JORC? we do not know. I believe an update on HH EWT status, along with an update on TBS JORC status with an estimate of when in 2018 (or 2019) certification is expected, along with confirmation that we have the funds to see us through the year and pay four our HH EWT commitments can put a positive spin on sentiment. What do you think?

Dsfat, lol you are right. Thanks for pointing it out.

Albinio, my point on TBS is purely JORG. I might be wrong but was this not expected in 2018?

Garygazgas, I don�t believe that, neither do I disbelieve it, might be a shot in the dark. Could a few shots in the dark at the same time have an effect? Who knows? What did I loose by firing that shot? 5 minutes of my time perhaps? Take care.

Argus1, sold with substantial loss at 1.04 - my average was 5.1. Sold ukog, might buy bacjk in again later but irrespective of this I hold a substantial amount of alba and angs shares. Alba atm is severely affected by what is happening with ukog - HH EWT. Is that ok?

Baits, you are right, why do it now. Very likely OGA is behind it, in which case I hope they raise the cash soon so that we can get on with HH EWT.

Dropzone, if they find commercials oil (and very likely they will) SCC will not be able to stop them, with the current climate the government will step in. I agree with you in the fact that they are having too many licences, but revenue from oil could go towards financing some projects. Plus, they do not have to finance all of their projects, on some projects they can go in to joint ventures, by giving up part of the licence.

Dropzone, You are probably right but the biggest problem that we have is the delay in HH EWT, this is what is dragging down all Weald companies. Alba atm is seen as part of the consortium and is suffering along with them. However, Alba has other assets with good potential. Particularly TBS. Looks like Ukog is the company with financial difficulties at present, dragging everybody down. If Alba was to issue an RNS simply addressing the following: 1. Status update of HH EWT. 2. Alba finances - has it got adequate funds for the pending EWT and other activities for the current year? Confirm it. 3. Thule Mineral Sands - status and target date for obtaining JORG certification. That would certainly put a positive spin on the SP. Gary Gaza�s, it does not make me happy ... a substantial increase in SP would :). What is the harm in trying?

I just sent an email to Alba about a page long, addressing the negative market sentiment and alba shares now being sold below the placing price; negativity due to the severe delays of HH EWT. I requested an update addressing three points; HH EWT status, state of finances for EWT and other activities for this year, and Thule JORG status with an estimate of when certification can be obtained. Let us see if they respond. I suggest other shareholders do the same.