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CRCL Corcel Plc

0.775
-0.025 (-3.13%)
Last Updated: 12:29:16
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.025 -3.13% 0.775 0.75 0.80 0.80 0.775 0.80 4,852,332 12:29:16
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Nonmtl Minrls, Ex Fuels 0 -1.26M -0.0008 -9.63 12.32M
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 0.80p. Over the last year, Corcel shares have traded in a share price range of 0.23p to 1.375p.

Corcel currently has 1,599,528,988 shares in issue. The market capitalisation of Corcel is £12.32 million. Corcel has a price to earnings ratio (PE ratio) of -9.63.

Corcel Share Discussion Threads

Showing 5626 to 5649 of 5650 messages
Chat Pages: 226  225  224  223  222  221  220  219  218  217  216  215  Older
DateSubjectAuthorDiscuss
18/3/2024
15:54
Pharmacal the background buyer. Along with Leni.

NT to buy.

kemche
18/3/2024
14:53
Canegrass exploration RNS an important reminder of the ragbag jumble of projects here.
dead duck resources
14/3/2024
18:38
I'm expecting the first flow test results next week or early week after.
highly geared
06/3/2024
11:25
it's clickable on phone app, just does weird things on desktop
smackeraim
06/3/2024
11:03
Thanks. Make it clickable by making the HTTP capitals:
chinahere
06/3/2024
11:01
https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/030524-interview-agile-angola-focused-corcel-on-track-for-first-oil-in-q4
smackeraim
06/3/2024
06:32
Houston , USA March 19th5 Mar 2024 19:56Courtesy of Vipasanna https://venturesafrica.com/apostories/connecting-united-states-investors-to-angola-angola-oil-gas-2024-to-host-networking-event-in-houston/ Energy company Corcel revealed positive drilling results at KON-11 in the Kwanza Basin in December 2023, indicating the strong return of onshore oil production in the country. Just the year before, US-based ExxonMobil made a discovery in the Bavuza South-1 well in Block 15, offshore Angola. To invite regular investment in Angola's oil and gas basins and unlock fresh new finds, the ANPG launched a six-year licensing round in 2019. The success of this multi-year strategy is seen through the growing interest in the licensing rounds themselves, with 53 bids submitted for the recent 12-block tender alone. We have a great mention in the article. If the Americans like what they hear on the 19th ? Boom ! lol
talais
02/3/2024
18:30
I’d like to think 1.5p-3p share price for CRCL depending on combined TO13/14 flow rates.
highly geared
02/3/2024
18:04
You can add another 390bopd to that.
dcarn
02/3/2024
15:09
3200bopd reported in January
talais
02/3/2024
15:02
As of q3 they where producing 2400 bopd,
talais
02/3/2024
13:29
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.

highly geared
01/3/2024
13:25
https://www.adomonline.com/angola-oil-gas-2024-launches-in-luanda/
talais
01/3/2024
08:20
Top of leaderboard, will attract some interest,
talais
01/3/2024
07:47
Good morning,New here, what would be a realistic flow rate from theses wells to put this company in a positive cash position, With a 20% interest if we get near a low rate around 400 bopd to crcl that's only 1000bopd from each well, would be a nice income, I know that theses wells have historically been near 10,000 bopd,Anywhere near that and it will be very interesting,
talais
29/2/2024
23:19
I've done a search but didn't come up with much. Do we know how much money Extraction Srl have available? Are they able to to fund Corcel easily or not?
chinahere
29/2/2024
22:26
If it walks like a duck.....
kemche
29/2/2024
22:15
Exercising the option = cash to RJ not the company, how will that 'fund the business'?

It would take Extraction to 29.9% so they'll be restricted from any more convertibles. The only way for Extraction to fund the business now is if they sell down their stock to make room. This may explain the recent RNS saying the Chairman will recuse himself.

The con is there was never more than £1m-£2m, the rest was just for the going concern.

dead duck resources
29/2/2024
21:48
Yes and today's Options RNS is telling. A right for Extraction to buy 100m shares at 1.2p. They must like it.

If they then try and fund this going forward with 0.8p convertibles then it is a contrived con IMHO.

chinahere
29/2/2024
21:24
3 months ago:
The Company agreed with Extraction on drawdown of £1m in October 2023 with a further £1m by January 2024. A further £8m was to be made available over 3 years. Extraction has now agreed to allow for immediate drawdown of the balance of the remaining £9m.

Going Concern: agreed a £10m loan note facility to fund the business. The £9m balance of the loan notes has now been agreed to be made available to the Company immediately.


Jan 2nd 2024: conversion of £250k of initial £1m tranche. No sign of the further £1m

Feb 23rd 2024: The Company is in discussions with Extraction around the quantum and timing of the next drawdown and will update the market on these talks in due course.

Feb 29th 2024: conversion of remaining £750k
This retires the facility in full with remainder of the loan potentially available.

dead duck resources
29/2/2024
20:27
Are some shareholders more equal than others?

Congratulations to the lovely richie666 on the possibility of untold riches from the "Option Agreement".

But why is the "option" not open to all shareholders?

I can see many reasons to rid the share register of the lovely richie666 but why has he been given preference?

Be careful.

helpfull
29/2/2024
17:36
£69.11 UT at 0.8p. WTF ? MM shenanigans as lots of hefty trades this afternoon above 1p.

Hopefully sorts itself out in the morning.

The option agreement suggests a clear line of travel share price wise.

highly geared
29/2/2024
15:45
interesting deal between Rich and co. nice one
smackeraim
29/2/2024
15:43
well thats a decent premium
sigora
Chat Pages: 226  225  224  223  222  221  220  219  218  217  216  215  Older

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