MediaZest – results, ‘several long term roll out projects have now restarted’… so why the share price fall?...
Alba Mineral Resources (ALBA) has reported a Horse Hill test oil production update and that “Portland test production is now planned to continue until the second half of June when final site preparations for simultaneous HH-2/2z Portland drilling and HH-1 Kimmeridge production operations will commence”…
Alba Mineral Resources (ALBA) “is very pleased to announce that a Maiden Mineral Resource Estimate has been completed in respect of the Company's 100% owned Thule Black Sands Project in north-west Greenland”…
Alba Mineral Resources (ALBA) has updated on Brockham oil field operations (Production Licence 235, Alba: 5%) and on the Horse Hill-1 Kimmeridge Limestone and Portland Sandstone oil discovery, in which it has an 11.765% interest…
Alba Mineral Resources (ALBA) has updated that Production Licence 235 (Alba: 5%) operator Angus Energy (ANGS) has published an indicative timetable for drilling operations…
Alba Mineral Resources (ALBA) “is pleased to announce” assay results from the maiden 2018 drilling campaign across its Thule black sands project in Greenland and has followed with a “Brockham Update”…
Alba Mineral Resources (ALBA) has updated that “we are pleased to see continued stable production reported from the Portland Sandstone and look forward to further updates from the operator as the programme continues” (Alba: 11.765%)…
Alba Mineral Resources (ALBA) has updated following the operator of the Brockham oil field, Angus Energy (ANGS) updating on its operations – including stating on Brockham “the company welcomes this news as it will greatly speed up the process of re-starting production”…
Alba Mineral Resources (ALBA) has updated including “we are pleased to see the resumption of test production from the Portland Sandstone and look forward to further reports from the operator as the test programme continues”…
Alba Mineral Resources (ALBA) “is pleased to report on progress… and to outline the company's work plans for the coming months”…
Alba Mineral Resources (ALBA) has updated that, “based on the continued Kimmeridge extended well test success and last October's announcement of Portland commercial viability, the company has been informed that the operator's plans are to continue HH-1 extended well test production until the expiry of the current permits in spring 2019 and then, subject to receipt of all necessary approvals, to move directly into the drilling and long-term testing of two new wells, HH-2 and HH-1z”…
Alba Mineral Resources (ALBA) has updated following an announcement from the operator (Angus Energy) of the Brockham oil field, the production licence of which Alba has a 5% interest in…
Alba Mineral Resources (ALBA) has followed a “Clogau Field Work Results” announcement with a “Horse Hill Update”…
Alba Mineral Resources (ALBA) has updated on exploration and progress towards a “principal objective” of “the reopening of the Clogau-St David's mine”…
There is one aspect of the latest commentary from Align Research regarding Alba (ALBA) and BlueJay (JAY) with which I disagree strongly. Align argues that Alba must be cheap becuase it has similar assets to Bluejay and the Horse Hill stocks yet trades on a fraction of the ratings of Bluejay and the HH stocks. Surely it could just be that "the field" are grossly overvalued? Of Course I have very real issues with Bluejay and its shamed Nomad and broker SP Angel of MySquar infamy. But over to Align which opines:
My pal Mike Nott was detailed elsewhere so stepping up to the plate for Alba Minerals (ALBA) was George Frangeskides as you can see in the video below.
And in today's most useless shuffling of worthless assets as an excuse for a disguised placing we revisit Gold Mines of Wales, the owner of the Dolgellau gold prospect in the heart of sheep shagging country.
Alba Minerals (ALBA) is a company I covered previously as a speculative buy, but its now time to cash in 100% or so profit!
For those not familiar with the City of Inspector Morse. Oxford is known as the City of lost causes. Wadham College is within the university a bastion of the left and has always been active in promoting lefty causes and a Wadhamite, which conveniently ryhmes with sodomite, is someone who attends this loathsome institution and thus knows all about lost causes. That brings me to Alba Minerals (ALBA) - a reader posting as Wadhamite posts on this website:
I am beginning to think that I am surrounded by lunatics. I fear a dawn raid on the ShareProphets editorial team by the men in white coats at any stage. Old Malcolm Stacey believes in the money tree, Zak Mir believes in charting, Ben Turney believes in Gulf Keystone (GKP) but worst of the lot, Gary Newman, has today tipped shares in Alba Minerals (ALBA) at 0.23p to buy. Saints preserve me.
I have been, and continue to be, negative on the ‘Gatwick gusher’, otherwise known as the Horse Hill licence area. I just find it very hard to take any of the figures seriously when the companies involved talk about circa 11 billion barrels of oil in place (as per the most recent Schlumberger report), especially when viewed in the context of what they are ever likely to extract, or the sort of flows that you’d expect from shallow, tight limestones and shales.
Featuring shares in Alba Mineral Resources (ALBA), Armadale Capital (ACP), Noricum Gold (NMG), Oxus Gold (NMG), Physiomics (PYC), SolGold (SOLG), together with some share price targets.
I wonder how long it will be before that annual ritual occurs when the Daily Mail discovers a CofE vicar who has foolishly told the kiddies that Santa does not exist. The poor chap gets pilloried for a week or so before even the Mail accepts that he cannot be burned at the stake for telling the truth. I have felt a bit like the poor Rev when pointing out that whatever Steve Sanderson of UK Oil & Gas (UKOG) says on camera – and then denies he ever said – there is NOT 100 billion barrels of oil at Horse Hill. Maybe the tide is now turning.
Shareholders in Alba Mineral Resources (ALBA) should have the odd question or two for their board, after this morning’s announcement of three purchases. For £365,000 cash, £523,371 worth of shares (based on last night’s close) and 45,909,726 warrants at 0.5p, Alba is going to up its stake in Horse Hill developments by 5%, buy an option to buy a further 5% and buy a separate option to farm into 5% of the production licence of the Brockham Oil Field. For good measure, this last option, if exercised means Alba will have to fund 10% of the Brockham well cost.
I watched the trade in Alba Mineral Resources (ALBA) last Thursday and Friday in a state of bemused bewilderment. For the life of me, I just could not understand what was encouraging buyers to push this company’s stock price higher. Thursday’s announcement of Alba’s acquisition of Regency Mines’ (RGM) stake in Horse Hill gave a crystal clear warning that the company would place at 0.25p, to help pay for this transaction. Today Alba did precisely this. What on earth possessed people to buy shares at 0.4p and above is a mystery to me, but it does suggest one thing. There will be buyers for the next Horse Hill ramp.
And so we are now drilling at perhaps the most talked about UK onshore oil filed for years – Horse Hill. View this as a horse race. The participants are Regency Mines (RGM), Solo Oil (SOLO), Stellar Resources (STG), UK Oil &Gas (UKOG), Alaba (Alba) and Doriemus (DOR).
In a sense this makes our share tip of the week yesterday – Alba Mineral Resources (ALBA) even better. We said buy this morning at 0.6p and, as per the tip, were fully aware that sooner or later it would use Horse Hill excitement to get a placing away.
This is a total punt. But we reckon that if you buy a few Alba Minerals (ALBA) shares at 0.60p first thing Monday you could be selling at c0.9p within a couple of weeks. And you should be selling – this is very much a trading buy.
Today’s Horse Hill news hasn’t done much to lift the share prices of the listed participating companies. Perhaps this is to be expected, as approval from the UK Department of Energy and Climate Change was surely just a formality. Even so, the co-owners of Horse Hill Developments Ltd are experiencing something of a market lull, but I still expect this will prove to be the calm before the storm. Although there is the looming spectre of placements, it is hard to see Horse Hill fever reaching anything other than epic proportions. When I first covered this drill, last week, I was a little flippant when I picked Alba Resources (ALBA) as the stock I might take a gamble on, based solely on it having the fewest number of shares in issue. This morning, Alba provided its half yearly report and I think I might have to change my mind.
Whoever said that ShareProphets is a one trick pony?! Proving that this view of our work is entirely misguided, I thought I’d throw in another Horse Hill article onto today’s roster... “Not more bloody Horse Hill” I hear our avid readers cry, but this is likely to be the story that dominates British resource small caps over the rest of the summer. Given the wild reaction we’ve recently seen to Mosman Oil and Gas’ (MSMN) succession of oil “discoveries” in New Zealand (which, by its own admission, it doesn’t even know if they are commercial yet) the scene could be set for ecstatic market rapture if rumours ever leak from Horse Hill’s Surrey drill site. This could end up being the highest profile onshore exploration campaign ever seen in the UK and I wouldn’t be at all surprised if a temporary campsite springs up outside the gates, as desperate private speculators resort to whatever means they can to gain access to information. Although the smart ones will probably just hang out in the local pubs, when shifts end...
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