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CRCL Corcel Plc

0.36
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Corcel Plc LSE:CRCL London Ordinary Share GB00BKM69866 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.36 3,995,232 07:46:26
Bid Price Offer Price High Price Low Price Open Price
0.32 0.40 0.36 0.36 0.36
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Nonmtl Minrls, Ex Fuels -1.26M -0.0008 -4.50 5.76M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:11:43 O 485,000 0.3361 GBX

Corcel (CRCL) Latest News

Corcel (CRCL) Discussions and Chat

Corcel Forums and Chat

Date Time Title Posts
24/4/202415:55CORCEL: TRILLION DOLLAR NICKEL POTENTIAL IN AUSTRALASIA2,248
17/4/202411:52Block KON-11 contains 65MMbls of oil383
03/11/202315:36CORCEL 2021 - The Year of Change1,038
13/11/202113:13Corcel PLC - Battery Metals & Energy Investments 1,958
09/10/202109:36Caracal Energy135

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Corcel (CRCL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
13:11:430.34485,0001,630.09O
12:58:250.34200,000672.20O
12:13:440.34155,000520.96O
10:34:580.366,00021.34O
08:13:070.36599,0002,130.64O

Corcel (CRCL) Top Chat Posts

Top Posts
Posted at 24/4/2024 09:20 by Corcel Daily Update
Corcel Plc is listed in the Misc Nonmtl Minrls, Ex Fuels sector of the London Stock Exchange with ticker CRCL. The last closing price for Corcel was 0.36p.
Corcel currently has 1,599,528,988 shares in issue. The market capitalisation of Corcel is £5,758,304.
Corcel has a price to earnings ratio (PE ratio) of -4.50.
This morning CRCL shares opened at 0.36p
Posted at 24/4/2024 15:55 by helpfull
The "astute investors" are well known industry professionals who have steered multinational corporations to great financial success.

Honoured to have them onboard.

I see great things here.

Like the rise in the number of company share to over 2 billion from 73 million, whilst at the same time reducing the share price tenfold.

A great thank you to Parsons, Scottie, Lord Snotty and now custard Karem.

Be careful.
Posted at 16/4/2024 13:53 by helpfull
rmart, what do you read into the Corcel share price?

Do you still think there is a disparity with the MAST valuation?

Why don't you answer the posters question?

Be careful
Posted at 02/3/2024 18:30 by highly geared
I’d like to think 1.5p-3p share price for CRCL depending on combined TO13/14 flow rates.
Posted at 02/3/2024 13:29 by highly geared
Reckon about 2 weeks for TO14 test results then TO13 by mid April. The next 6 weeks may be transformational.

Lots of hypothetical valuation scenarios and considering historical results. I’m quietly confident of a 2000-4000BOPD net to CRCL range.

Reading across to another oiler AXL, their market cap is £65m and at around 4000BOPD so multiple upside here if we come in at the top end and hopefully 2x even at the lower end . A more direct comparison is AET, market cap £85m for c. 7000BOPD net allocation. The valuation will likely increase when their Azule transaction closes. That’s c. £14m for every thousand BOPD. Debt to consider but gives a steer around what good testing results will do for the share price.
Posted at 12/2/2024 08:48 by dafad
You are incorrect-they did not lie,this is what they said


Corcel Share News - CRCL
Current Price
0.95p

0.00 0.00%
Bid Price Offer Price
0.90 1.00
High Price Low Price Open Price
0.95 0.95 0.95
Shares Traded Last Trade Market Cap
193,068 08:00:00 15.2M
Corcel PLC Oil Well Tobias-14 Drilling Results (9824X)
Intraday Corcel Chart

28/12/2023 7:00am
UK Regulatory (RNS & others)

TIDMCRCL

RNS Number : 9824X

Corcel PLC

28 December 2023

Corcel PLC

("Corcel" or the "Company")

Oil Well Tobias-14 Drilling Results

Block KON-11 - Angola

28 December 2023

Further to the announcement of 03 November 2023 , Corcel Plc (London AIM: CRCL) is pleased to provide an update on the drilling results of the Tobias-14 ("TO-14") well in the onshore Block KON-11, in Angola where it has a 20% working interest (18% net) . The Operator is Sonangol, one of the largest national hydrocarbon producers in Angola.

Highlights:

o TO-14 well - located at the top of an anticlinal structure and an offset well from the largest historic producer in the field, has reached planned target depth of 781m

o Full Binga reservoir section (80m) encountered in the well with identical zones encountered as in previous TO-13 well and oil shows throughout

o The Operator and CRCL believe the results confirm the ability to reactivate production through an early production system ("EPS") and imply significant hydrocarbon potential remaining

o Well clean-up and flow testing now begins on TO-14

Antoine Karam, Executive Chairman of Corcel, commented: "The encouraging results of the TO-14 well constitute a significant milestone toward development of an EPS and providing line of sight to near-term revenue generation for Corcel.

At a macro level, we've confirmed that the same formations are contiguous between both wells, and data indicate that these zones contain movable oil throughout the reservoir. Given the historically wide well spacing of the field, there appears to remain substantial areas both undrained and now potentially re-charged since the original field was shuttered.

The next steps will focus on the testing of the TO-14 well so we can determine formation pressures and ultimately flowrates, and we look forward to further announcements as Sonangol, the operator, moves to well testin
Posted at 18/1/2024 18:34 by z1co
For the company to achieve a £50m plus market it needs the flow rates to be in excess of 5,000 bopd.

Not forgetting CRCL has 20% ( 18% net )working interest.

Market cap at closing price is already £20m so 3,000 or 540 bopd net to CRCL will NOT take the share price any higher.

In fact sellers will be all over this.

I'm hoping for at least 10,000 bopd from TO-14.
Posted at 17/1/2024 15:46 by helpfull
The market capitalisation is extremely important.

£18 million capitalisation and a 1.2p share price now.

£3 million capitalisation and a 3.25p share price when Parsons and Scottie took the helm.

Give me a higher market capitalisation any day of the week.

Who's interested in the share price?

Scottie is still pulling the strings in the background.

Any chance of any more of those talking head videos?

Or an interview with McBus and Fare Home?

Be careful.
Posted at 03/11/2023 15:36 by smackeraim
https://www.proactiveinvestors.co.uk/companies/news/1031975/corcel-shares-whirl-after-striking-oil-in-angola-1031975.htmlCorcel PLC (LSE:CRCL)'s share price rallied after it confirmed that the Tobias-13 (TO-13) oil well in Angola has significant potential for further production. Its share price rose to a peak of 0.69p on Friday morning, before settling at 0.60p by 09.53 am, slightly above its closing price of 0.59p yesterday. The mining company said it has concluded drilling at the location in onshore Block KON-11 where historic production had previously taken place in the Binga reservoir at a target depth of 958.5 metres. Corcel, which has a 20% interest in the block, said the results "confirm the ability to reactivate production" through an early production system and suggested that there is "significant hydrocarbon potential remaining". Antoine Karam, executive chairman of Corcel, said: "The initial results of the TO-13 well are an important moment for Corcel and highly encouraging, having successfully demonstrated hydrocarbons across multiple potentially productive zones and multiple intervals. "TO-13 looks to cornerstone development of a future EPS and provides Corcel with line of sight to near-term revenue generation, and the testing programme will give us invaluable data on how best to deliver on that goal. We look forward to providing further updates on activities at TO-14 as they progress."
Posted at 02/11/2023 15:58 by smackeraim
Here's the details from May Rns when Apex interest was acquired. Good luck kemche, may the force be with you. :-) Here's the RNS from May when we acquired these blocks from APEX APEX Portfolio Overview: The APEX portfolio is located onshore Angola, and consists of interests in three licences: o KON - 11 Non-Operated - 12 historical wells (20% working interest - 18% net to CRCL) o KON - 12 Non-Operated - 8 historical wells (25% working interest - 22.5% net to CRCL) o KON - 16 Operated - 1 historical well (35% working interest - 31.5% net to CRCL) KON-11 and KON-12 are considered brownfield development opportunities and include the historically producing Tobias and Galinda fields, both drilled and developed in the 1960s and 1970s by Petrofina, with combined historic production over 30 MMbbls. Both licences are operated by Sonangol (the Angolan national oil company). APEX's total reported unproduced contingent oil resources are estimated at: o KON-11 - 65 MMbbls, 11.7 MMbls net to CRCL o KON-12 - 19 MMbbls, 4.28 MMbls net to CRCL All three blocks have significant post and pre-salt prospective resources, both stratigraphic and structural with APEX estimating Prospective Resources of: o Post-salt 456 MMbbls - unrisked P50 (138 MMbo risked), 81.1 MMbls net to CRCL o Pre-salt 1,029 MMbbls - unrisked P50 (223 MMbo risked), 215.9 MMbls net to CRCL Both the Tobias (KON-11) and Galinda (KON-12) fields were discovered and originally developed in the 1960s. Both reservoirs are in the Binga limestone with 4-14% porosity and located at 700m and 1,900m respectively. Peak production at Tobias was approximately 17,500 bbls/d and at Galinda was approximately 2,700 bbls/d. Historic total production, which started in 1960 and ceased in the early '80s, was 29MMbbls and 2.8MMbbls respectively. APEX and Corcel believe that significant recoverable volumes of oil remain in place at both locations and initial plans may include additional seismic work to firm up drill locations, as well as a combination of vertical and horizontal wells. The development plan envisioned for KON-11/12/16 qualify for marginal field fiscal terms, as outlined by the Angolan government, resulting in advantageous royalty, tax and depreciation regimes.
Posted at 27/9/2023 15:34 by helpfull
I can't understand Corcel.

There are billions of shares and still the share price falls.

I think it they issued more and more shares the share price would rise.

Parsonomics.

Parsons and Scottie used to issue millions of shares to every bozo in Australia who had a bucket of sand to sell. Shareholders are reaping the rewards of all their hard work.

Glorious times.

I'm waiting for the share price to fall further so I can sell into the dip.

Be careful.
Corcel share price data is direct from the London Stock Exchange

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