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 !!

I believe this rise is due to speculation ALBA may be used as a reverse takeover vehicle for ORACLE (listed on PLUS / license for 1.3 billion tons of coal in Pakistan)

This is a bit complicated!

ALBA although holding various licenses for mining exploration in a few different countries don't actually have any funds to do the exploration, therefore they are essentially a shell.

ORACLE aspire an AIM listing, however a relatively expensive exercise.

Regency Mines have just taken a 12% interest in Oracle

Regency also have a 16% interest in ALBA.

Michael Nott, a director of ALBA is also a director of Red Rock Resources (spun off from RGM)

The common denominator throughout is Regency's boss, Andrew Bell.

If Oracle can find a shell to reverse into, it will be a much quicker and cheaper entry to the AIM.

Seemingly, the herd are buying on the possibility a reverse take-over will happen. Quite what this will do to ALBA's SP I have no idea.

Sit back and watch unless you fancy a total punt IMHO.

Hope all that makes sense

Hmmm - Yes the rational does make sense and while I recognise some of the players my knowledge base wasnt good enough to put 2 and 2 together !! :)

I very much appreciate you taking time to explain - thank you !!

Happy New Year !! :)

fantastic day! :-0

ALBA leading the way here with RGM following up behind with the lattest HHDL deal announced last week.

Broker Report

http://www.regency-mines.com/files/9414/0715/3335/Alba_Mineral_Resources_-_Dowgate_Buy_Note_4_Aug_2014.pdf

vastly undervalued and news near now must buy

http://www.regency-mines.com/files/9414/0715/3335/Alba_Mineral_Resources_-_Dowgate_Buy_Note_4_Aug_2014.pdf

Alba Mineral Resources plc
("Alba" or "the Company")

Horse Hill Prospect

it is driver and they have other stuff - moving now
broker note to 17p - see he report above
alba will have the largest % rise o all hh companies

Of the six AIM listed companies with a stake in the project, Alba has
the lowest market cap and is the most leveraged (Horse Hill risked
value / market cap) and therefore most likely to increase in share
price by the highest percentage if drilling is successful.

onwards & upwards :-)

wont be .76 to buy for long imo - gla

rns massive moves today!


Wednesday 03 September, 2014


Doriemus PLC

Drilling commences at Horse Hill


3 September 2014

Doriemus plc

("Doriemus" or the "Company")

Drilling Commence at Horse Hill

Doriemus Plc (AIM: DOR) is pleased to announce that drilling operations on the
Horse Hill-1 well have now commenced.

The Horse Hill-1 well is planned to be drilled to a Total Depth ("TD") of 2,646
metres (8,680 feet) and is designed to test for a number of conventional
stacked oil targets in the Jurassic, as well as a deeper conventional gas
target in the Triassic.

The operator, Horse Hill Developments Ltd ("HHDL"), is a special purpose
company with a 65% operating interest in the PEDL 137 license in the Weald
Basin to the north of Gatwick Airport in Surrey. Doriemus has binding
agreements in place to own a direct 10% interest in HHDL.

The participants in the Horse Hill Prospect are HHDL (65%) and Magellan
Petroleum Corporation (35%).

Donald Strang, the Company's Chairman, commented:

"This is an exciting time for Doriemus. We are very pleased that drilling
operations are now underway on this exciting prospect. The next few weeks will
be a busy and interesting phase for this investment."

Enquiries:

Doriemus plc +44 (0) 20 7440 0640
Donald Strang/Hamish Harris

Cairn Financial Advisers LLP +44 (0) 20 7148 7900
Nominated Adviser and Broker
James Caithie/Jo Turner/Carolyn Sansom


About Horse Hill:

The 99.29 km2 (24,525 acre) Horse Hill Petroleum Exploration and Development
Licence No. 137 (PEDL 137) ("Horse Hill") is located in Surrey, a few miles
from Gatwick Airport

The Horse Hill Prospect OOIP and OGIP and prospective resources, as previously
announced by the Company, are summarised in Table 1.

Table 1: Horse Hill Prospect estimated OOIP, OGIP and Prospective Resources.

Target Reservoir OOIP OOIP Prospective
Resources
Oil Upside Potential Mean (MMSTB)
(MMSTB) Mean (MMSTB )

Upper Portland 116 57 17
Sandstone

Lower Portland 284 147 44
Sandstone

Corallian Sandstone 67 33 10

Greater Oolite 204 104 16
Limestone

Total Oil 671 341 87

Target Reservoir OGIP OGIP Prospective
Resources
Gas Upside Potential Mean (Bcf)
(Bcf) Mean (Bcf)

Triassic Sandstone 456 234 164

Glossary:

MMSTB million stock barrels

Bcf billion cubic feet

OOIP Original Oil in Place

OGIP Original Gas in Place

Prospective Resource Prospective resources are estimated volumes associated
with undiscovered accumulations. These represent quantities of petroleum which
are estimated, as of a given date, to be potentially recoverable from oil and
gas deposits identified on the basis of indirect evidence but which have not
yet been drilled. This class represents a higher risk than contingent resources
since the risk of discovery is also added. For prospective resources to become
classified as contingent resources, hydrocarbons must be discovered, the
accumulations must be further evaluated and an estimate of quantities that
would be recoverable under appropriate development projects prepared.

don't forget
broker note to 17p -
alba will have the largest % rise o all hh companies

Of the six AIM listed companies with a stake in the project, Alba has
the lowest market cap and is the most leveraged (Horse Hill risked
value / market cap) and therefore most likely to increase in share
price by the highest percentage if drilling is successful.

broker note to 17p -
alba will have the largest % rise o all hh companies

Of the six AIM listed companies with a stake in the project, Alba has
the lowest market cap and is the most leveraged (Horse Hill risked
value / market cap) and therefore most likely to increase in share
price by the highest percentage if drilling is successful.

this will be the biggest gainer!

fantastic rns - moving

multibaggerrrrrrrrrrrrrrrrrrr is coming here...................................

http://www.thisismoney.co.uk/money/investing/article-2748118/SMALL-CAP-SHARE-IDEAS-Could-Gatwick-Britain-s-Dallas.html

'In his assessment of Horse Hill investor Alba last month, Dowgate’s Robertson quantified the potential impact of a successful well on the company’s share price, which currently stands at 0.73p. And it has 'multi-bag' potential.

He believes the stock could be worth 8.9p to 17p if the consortium does find significant quantities of commercial hydrocarbons; however, a dry well will give a valuation at 0.5p.

So the upside of this well could be huge, not just for Alba, but the others involved.'

moving way under valued

yeeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

more to come

The Esso drill in 1964 hit 7 zones of oil down to 5,000ft as I was only aware of 4 oil targets for the HH drill, but it could be targeting more. We know about the 4 primary and secondary oil targets, but will they stop to test the other 3 systems? No idea, but it would cause unexpected news flow if they did. Likewise with the internal discussion they are presently having on whether or not to go down to 10,000ft, for a full exploratory "look see" for gas in the Triassic. If they do go deeper then you can forget the presently published gas estimate on potential reserves, as we would be looking at 2,000ft of additional gas exploration, with all that may or may not produce.

Drill progress seems to be on-schedule, as he mentioned that the 20inch steel casing is now going in, which is the last bit for the Auger to do, and that there was a lot of rig mobilisation work being conducted on site at present, so spud for the main rig is obviously imminent.

If they do go down to 10,000ft, then whatever they find gives us more info to work with when it comes to developing HH, Brockham and PEDL 246, and obviously has the potential to increase reserves, so I hope they do deeper. because the issue of whether there is gas at deeper levels will remain an unanswered question if they don't. I think they probably will, as the three Magellan/Centrique gas exploration wells in the Weald were all going to 10,000ft, so Magellan will be pushing hard for the extra depth, especially as Magellan's only planned exploration well for this year with Centrique has hit planning consent buffers with the local council over traffic issues and isn't now going ahead. That means HH is Magellan's only play at present with regards to finding out about gas in the Triassic, and they clearly think it's goes all the way down, otherwise they would not be targeting 10,000ft in their other drills.

Oil in the Portland is a game changer in its own right, but if we go though those two systems with commercial quantities of oil under our belt, then do the drill's deeper oil and gas targets become more, rather than less likely? No idea, but there are some tough decisions ahead for those wishing to top slice / profit take during the drill, upon a commercial oil find in the Portland systems, especially if there's now a chance that we are going to 10,000ft, because the gas suddenly becomes an even bigger play than it already is.

moving ;

the rig @ hh

https://twitter.com/DavidLenigas/status/512963967720112129