ALBA closed on Friday up 151.43% at 2.2p !! As far as I could see there was no news so can anybody proffer an opinion as to what caused this? I'm a novice at all this so if the answer is obvious I wont be offended !! :) But curious all the same !!

1p to buy currently

http://www.bbc.co.uk/news/uk-england-29519170

i would not want to be out of alba for the foreseeable!
http://www.telegraph.co.uk/finance/11171067/HORSE-HILL-SUNDAY-STORY-HEADLINE-TO-COME.html

http://www.telegraph.co.uk/finance/11171067/Oil-find-expected-in-Britains-Dallas.html

LEAK - MOVING!

first step to 17p here we goooooooooooooooooooooooooooo

http://guerillainvesting.co.uk/2014/10/23/horse-hil-its-an-oil-strike-and-its-commercial/

yeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

much more blue here tomorrow :-)

here we go!!

Portland Oil Discovery, Horse Hill-1, Weald Basin
RNS Number : 1802V
Alba Mineral Resources PLC
24 October 2014


For Immediate Release, 7 am

24 October 2014



Alba Mineral Resources PLC

("Alba" or the "Company")



Portland Oil Discovery, Horse Hill-1, Weald Basin UK





Alba Mineral Resources PLC (AIM: ALBA) today announces that, following preliminary evaluation of the electric logs, the Horse Hill-1 well has discovered an oil accumulation in the conventional Upper Jurassic Portland Sandstone at a top reservoir depth of 1,791 feet TVDss.



A preliminary most likely estimate of 3.1 million barrels ("mmbbls") of gross in place hydrocarbon volume has been calculated within the upper Portland, with a further gross unrisked in place prospective hydrocarbon volume of 16.8 mmbbls of oil in a separate lower sand in the Portland interval located in an untested fault block to the south. As previously announced, the well is being deepened to the Triassic where an additional target, believed to have potential for gas, is expected to be reached in the next two weeks.



The Portland Sandstone was previously reported on 16 October 2014 to have oil shows in cuttings and elevated gas readings whilst drilling and these indications have been confirmed by independent petrophysical analysis of the electric logs acquired in the well during the last week. Further analysis is continuing to establish the recoverable volume of oil that has been discovered.



Michael Nott, Alba's CEO, commented:



"We are delighted with the results so far from this well. The presence of a larger, unappraised, Portland feature creates considerable further upside. We are now looking forward to drilling the Triassic, which is a new and untested exploration target in the area and which, if successful, may contain appreciable volumes of gas."



The Horse Hill-1 well is located on the northern side of the Weald Basin near Gatwick Airport. Alba owns a 5% interest in Horse Hill Developments Limited ("HHDL"), a special purpose company. HHDL owns a 65% participating interest and is the operator of onshore licences PEDL 137 and the adjacent licence PEDL 246 in the Weald Basin. The participants in the Horse Hill-1 well are HHDL with a 65% working interest and Magellan Petroleum Corporation with a 35% interest. Alba's net interest in any discovery is 3.25%.



Additional analysis:



The upper Portland Sandstone reservoir, which produces at the nearby Brockham oil field, was also intersected by the Collendean Farm-1 exploration approximately 790 metres north of the Horse Hill-1 well. Using the solely available 2D seismic data and the well results, the operator has mapped an area of closure of approximately 3.8 square kilometres where the Portland Sandstone is above the observed oil down to a depth of 1,901 feet TVDss. The presence of two wells within the same mapped structural closure significantly increases the confidence in a commercial discovery and there is every indication that the Portland reservoir can be developed as a commercial oil field.



The gross oil bearing upper Portland Sandstone interval in Horse Hill-1 measures 102 feet, has an average porosity of over 16% and average oil saturation is estimated as 36%. Based on regional and local trends, confirmed by wells at Brockham, these reservoir parameters indicate a high likelihood of production at commercial rates. The equivalent interval in the Collendean Farm-1 well, drilled by Esso in 1964, shows similar reservoir characteristics over a 97 foot gross interval. The gross oil column contained within the Horse Hill-Collendean Farm structure is in excess of 140 feet.



The lower Portland Sandstone reservoir, which is seen to be water wet in Horse Hill-1 and Collendean Farm-1, lies above the oil down to an untested fault block to the south of the Horse Hill-1 well and is interpreted to contain a prospective most likely in place oil gross volume of 16.8 mmbbls.



The Corallian Sandstone and Great Oolite targets in the Horse Hill-1 well are not seen on electric logging to contain moveable hydrocarbons, however, further evaluation of several thick Kimmeridgian-age limestones, which had hydrocarbon shows and elevated mud gas readings whilst drilling, may provide additional oil potential within the well.



Low, medium and high estimates of Portland oil in place are summarised in Table 1.



Table 1: Estimated gross in place discovered and undiscovered oil volumes



mmbbls, in-place-oil


Low (P90)


Medium (P50)


High (P10)

Discovered


1.5


3.1


4.8

Undiscovered


7.8


16.8


29.7



The gross in place hydrocarbon volumes have been prepared by Stephen Sanderson acting as the competent person on behalf of HHDL.



Volumes have been prepared using the methodologies and standards published by the Society of Petroleum Engineers.



The gross in place hydrocarbon volumes presented should not be considered as either contingent resources or reserves.



Competent Person's Statement:



The technical information contained in this announcement has, for the purposes of the AIM Guidance Note for Mining, Oil and Gas companies, been reviewed and approved by Jonathan Tidswell-Pretorius, Executive Director at HHDL and Chairman of Angus Energy Ltd, a UK registered onshore operator who has 15 years of relevant experience in the oil and gas industry. Mr. Tidswell-Pretorius is a member of the Society of Petroleum Engineers and United Kingdom Onshore Oil and Gas (UKOOG) industry bodies.



Glossary:



2D seismic


seismic data collected using the two-dimensional common depth point method

contingent resources


those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations, but the applied project(s) are not yet considered mature enough for commercial development due to one or more contingencies. Contingent Resources may include, for example, projects for which there are currently no viable markets, or where commercial recovery is dependent on technology under development, or where evaluation of the accumulation is insufficient to clearly assess commerciality

discovered/discovery


a discovery is a petroleum accumulation for which one or several exploratory wells have established through testing, sampling and/or logging the existence of a significant quantity of potentially moveable hydrocarbons

electric logs


tools used within the wellbore to measure the rock and fluid properties of surrounding rock formations

mmbbls


million barrels

oil down to


the deepest level where oil saturation is measured at the base of a porous reservoir where it directly overlies rock of very low porosity and permeability where no reliable oil water contact can be established

oil in place


the quantity of oil or petroleum that is estimated to exist originally in naturally occurring accumulations before any extraction or production

oil saturation


the percentage of available pore space within the reservoir containing oil

P10


a 10% probability that a stated volume will be equalled or exceeded

P50


a 50% probability that a stated volume will be equalled or exceeded

P90


a 90% probability that a stated volume will be equalled or exceeded

porosity


the percentage of void space in a rock formation, where the void may contain, for example, water or petroleum

reserves


those quantities of petroleum anticipated to be commercially recoverable by application of development projects to known accumulations at a given date forward under defined conditions

TVDss


true vertical depth below a subsea datum

undiscovered


those quantities of petroleum which are estimated, as of a given date, to be contained within accumulations that have not been tested by drilling

disappointing sp ending today.. what's the issue ? is it worth staying in ?

http://guerillainvesting.co.uk/2014/10/27/the-horsehill-race-has-just-started/

brokermandaniel
October 31, 2014 - 9:26 am
Heading to London. Horse Hill update. Apparently the whisper is that they've started final logging operationB

http://www.spreadbetmagazine.com/blog/new-video-zak-mir-with-david-lenigas-on-tiptv-horse-hill-upd.html/

A news update on Horse Hill is due after the easter break - can see some very serious
upside here based on its current market cap.

StockMarketWire.com
Alba Mineral Resources reports an upgrade to the conventional stock tank oil initially in place (STOIIP) volumes estimated for the overall Upper Portland Sandstone conventional reservoir in the Horse Hill-1 and Collendean Farm-1 structure, in the PEDL137 licence area in the Weald Basin.

This revised STOIIP is separate to the oil-in-place volumes estimated for the argillaceous limestones and mudstones of the Kimmeridge, Oxford and Lias rock sections of the HH-1 well, as reported on 9 April and 15 April.

The company has a net attributable interest of 6.5% in PEDL137. An independent study of the Portland Sandstone reservoir was conducted by Xodus Group, an international energy consultancy based in the UK for the Horse Hill Developments Ltd (HHDL) main consortium partners UK Oil and Gas Investments PLC (UKOG).

The study is based on new petrophysical evaluations of both the HH-1 discovery and the older Collendean Farm-1 ("CF-1") well plus an updated interpretation of 2D seismic data across the Licence. The study report is available on UKOG's website (see www.ukogplc.com). The HH-1 and CF-1 discoveries lie within an approximately 100-foot thick, Upper Portland Sandstone gross reservoir interval, within a 6km by 3km tilted fault block structure as defined by 2D seismic. The crest of the Upper Portland conventional oil discovery lies at approximately 1,760ft TVDSS, and extends over a mapped maximum areal closure of approximately 2,000 acres. The Upper Portland reservoir is productive at the nearby Brockham field, some 9km NNW, in which UKOG has an indirect interest of 3.6%.

opportunity knocks - red day - dilution rns..................

RNS Number : 1365K
Alba Mineral Resources PLC
19 September 2016

19 September 2016
Alba Mineral Resources plc
("Alba" or "the Company")

Placing to raise £900,000

Alba Mineral Resources plc (AIM: ALBA), the UK-based exploration company, is pleased to announce that it has raised £900,000 (before expenses) through the issue of 450,000,000 new ordinary shares at a price of 0.2 pence per ordinary share (the "Placing"), conditional on the admission of such new ordinary shares to trading on AIM ("Admission"). The Placing was oversubscribed.

The placing proceeds will be principally used to advance the Company's interests across its existing portfolio of assets in the onshore UK oil and gas sector (Horse Hill and Brockham), its mining exploration portfolio in Greenland (graphite), Ireland (base metals/gold) and Mauritania (uranium), for the evaluation of further project or investment opportunities and for general working capital purposes.

Admission to AIM

Application will be made for the new ordinary shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective at 8.00 a.m. on 3 October 2016. The new ordinary shares will be issued credited as fully paid and will rank in full for all dividends and other distributions declared, made or paid after Admission and will otherwise rank on Admission pari passu in all respects with the existing ordinary shares.

Total Voting Rights

Following Admission, the total number of ordinary shares in issue will be 1,810,578,093. The Company does not hold any ordinary shares in treasury. Therefore, the total number of ordinary shares with voting rights will be 1,810,578,093. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.