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CRCL Corcel Plc

0.80
0.00 (0.00%)
Last Updated: 08:00:00
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
  0.00 0.00% 0.80 0.75 0.85 0.80 0.80 0.80 1,676,578 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Nonmtl Minrls, Ex Fuels 0 -1.26M -0.0008 -10.00 12.8M
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 £12.80 million. Corcel has a price to earnings ratio (PE ratio) of -10.00.

Corcel Share Discussion Threads

Showing 26 to 50 of 5650 messages
Chat Pages: Latest  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
05/2/2014
15:07
Had been looking into this a couple of weeks ago, was about to buy then the update took it higher so held off. Finally bought a few this morning at 409p
valhamos
05/2/2014
14:53
Clearly a significant seller here and the challenge is on to hold your nerve. The recent update did not indicate anything other than things are going to plan. Those directors and others that bought at £4.50 must be well cheesed off. Plenty of news flow to come.
marvelman
05/2/2014
14:42
Fall seems odd after a good update and after we seemed to passed through the worst of the general market volatility.
valhamos
30/1/2014
16:38
RBC note earlier today:

Caracal (CRCL.L): Chad Chat

Our updated Caracal NAV is 710p/share; this PV12.5% comprises of a Tangible NAV of 460p and risked upside of 250p/share. The company is steadily growing production and cash flow, and pushing the Badila and Mangara developments 'up the value curve'; its portfolio also provides exposure to significant exploration upside.

Newsflow is set to increase from February, with the publication of a reserves update (upgrade?) and possibly the signing of a new RBL facility. Drilling news is set to pick up from April with the spudding of a well on a first appraisal well on Kibea.

Our NAV includes only the prospects that are scheduled to be drilled in the next 18 months; totally unrisked this campaign could add a further ~930p/share to our NAV.

Deliberately/prudently focusing on the bottom end of management's production guidance we calculate that the company will generate ~$215m of post tax cash flow. Combined with year-end 2013E cash of $180m and a final $100m Glencore carry payment, Caracal looks set to finance its 2014 exploration and development campaigns organically. Company guidance is 11-13,000b/d and $220-270m, respectively.

The market is very focused on production and cash flow growth, so any slip ups could be costly – Caracal is scheduled to delivery its first crude cargo in March. The company is exposed to any oil price weakness – a $10/bbl oil swing changes our PV12.5% by 15%.

dukedosh
30/1/2014
10:15
Good to see L&G and Fidelity buying into the story this and last week.

Directors and insiders have plenty of skin in the game, they piled in at 450p back in November.

Current share price looks real cheap under 450p, specially after reviewing 2014 guidance.

dukedosh
28/1/2014
09:53
A week old but worth the read if you haven't seen these.

RBC Capital Markets Note on 20.01.2014

Caracal Energy (CRCL.L): Encouragement, but more details required

We initially expect a muted share price reaction to today's update as water handling issues resulted
in slower than expected production growth from Badila (14,000b/d now targeted by month-end), and
additional data are required to assess the impact of the Bitanda-1 and Mangara-6 wells.
Downhole logs indicate the Bitanda-1 exploration well encountered 38m of net reservoir in an Upper
Cretaceous M sand and 66m meters in the Lower Cretaceous D sands. The company plans to test the
well in Q1/14. The 650mmbbl P10 case required oil to be encountered within numerous staked sands,
therefore we expect and any guidance to be towards the lower end of pre-drill estimates - we currently
include 36p/ share, risked, for a risked 140mmbbl (P50) prospect in our 733p/share Caracal NAV.
In December and January (to date) production has averaged 11,274b/d and output is currently averaging
12,000b/d. The year-end exit rate of 14,000b/d was not achieved as the development experienced water
handling issues; management says these challenges have been resolved with additional tankage and
the commissioning of the SPT. Caracal expects to produce 14,000b/d by the end of January and remains
on schedule for its first lifting in March 2014, some 560,000bbls. Mangara is due on stream in March.

RBC Capital Markets Note on 22.01.2014

Caracal Energy (CRCL.L): Site visit

We expect to 'refresh' our Caracal model on the back of this week's site visit to Chad. The company
has made tangible progress at Badila and Mangara since our last visit in 2012. Recent 2014 guidance
is in line with our current forecasts, so any revisions are likely to be to our long-term view on the two
developments, the Kibea discovery, which is scheduled to be appraised in Q2/14, the Krim discovery
and a reassessment of the 2014-15 drilling plan.

We have today revised our NAV to reflect drilling news from Bitanda-1; the well encountered more sand
than anticipated and a lack of (sealing) shales prevented the formation of traps. However, two zones -
the M Sands and D sands - warrant testing and each of these zones could hold ~50mmbbl+. The key risk
with these targets remains hydrocarbon charge, as it is difficult to distinguish on logs between oil and
the fresh formation water. We include upside/risk of +125p/-31p per share for the ~90mmbbl Bitanda
structure in our revised 728p/share NAV, which is down from 733p/share.

dukedosh
28/1/2014
09:39
Barclays Reiterates "Outperform" Rating for Caracal Energy (CRCL)

Caracal Energy Inc. Barclays restated their outperform rating on shares of Caracal Energy (LON:CRCL) in a report issued on Friday, Analyst Ratings Net reports. They currently have a GBX 670 ($11.04) target price on the stock.

dukedosh
20/1/2014
22:34
Hi MM - you may be right but I'm hoping for better than that. At present oilers are out of fashion but I think the economic recovery will see growing demand for oil - then those companies such as CRCL will be well placed. I am sure funders who took part in the place will be looking for larger gains than 10%.
melody9999
20/1/2014
14:18
A very quiet board here Melody but glad to see you on it.Low profile company keeps doing what it says on the lable and what seems to have a solid relationship with Glen.Fully funded but the placing funders will likely be happy with with 10% return from the 4.50 they paid so I don not expect the share price to be able to head up past £5.00 in the medium term.
marvelman
20/1/2014
07:46
All seems on track and looks like a busy year then

2014 Guidance

The Company's forecasted work program for 2014 is as follows:

- Drill and complete 20 to 22 development wells;

- Drill 8 to 10 exploration wells;

- Commission the Mangara pipeline and CPF;

- Expand the Mangara and Badila processing facilities;

- Commence the FEED and land acquisition for the Doseo pipeline.

The expected costs and production from the above program as are follows:

- Production: 22,000 to 26,000 gross bopd (11,000 to 13,000 working
interest bopd);

- Capital: $765 to $845 million gross ($375 to $425 million net to
Caracal and after the $100 million GlencoreXstrata plc carry);

- Annual funds flow from operations: $220 to $270 million, $1.50 to
$1.85 per share;

- Q4 2014 annualized funds flow from operations: $439 to $480 million,
$3.00 to $3.28 per share.

melody9999
18/1/2014
22:05
There are two others that we talk about quite often with our international investment community.Both are listed in London, Caracal Energy Inc. [CRCL:LSE].Mercom Oil Sands [MMO:LSE]-
newtothisgame3
22/12/2013
23:56
worth noting that on 5th December, 7 directors bought £1M total shares at 450p a pop. you can buy at their prices right now.... and follow their belief / knowledge that the share price will increase over time.
melody9999
11/12/2013
09:56
Ftse250 entering
11023154
20/11/2013
09:24
Dead duck this - i'm done.
gazza12
08/11/2013
16:21
Don't like the late sell off.
gazza12
08/11/2013
12:35
Perhaps we can now get on with getting back to running the operation. All done and dusted without too much given away to the insiders.
marvelman
08/11/2013
12:16
Oversubscribed placing, best we could hope for at only a 3% discount to todays price,
gazza12
08/11/2013
09:03
We seem to have arrived at a number for the placing here or hereabouts. I added at 4.66 which will be bettered no doubt by our new "investors". They still have $800K to go should they need more...lets hope not for a little while yet.
marvelman
08/11/2013
08:52
This looks a very cheap stock with plenty of upside.
gazza12
08/11/2013
08:03
Under the radar company this.
The statement looks very impressive but the placement timing is going to throw a spanner in the works.
But ongoing this looks perfect for a pension portfolio.

analcime
08/11/2013
07:39
That explains the volatile price action yesterday. You never know whats round the corner. Well when the bottom arrives on the share price sometime today we should have a very cash rich company with blue sky prospects....OMG, what have I just said.
marvelman
07/11/2013
22:24
Well news of today's placing destroys any value to be had here. I don't understand why they are doing this when the have just farmed out for was it $300 million, and are supposedly about to ramp up to 35k barrels per day production? Strong sell now as there should have been no need to do a placing on the back of the predicted revenues that will supposedly be generated.
blueclyde
07/11/2013
22:13
Spotted this while looking at another share .
Its from Cannacord via The Energy Report.

"TER: What other companies in your portfolio are you excited about?
CB: There are two others that we talk about quite often with our international
investment community. One is listed in London, Caracal Energy Inc. (CRCL:LSE).
This is a fascinating company because it is operating in Chad, so if you're talking
about political risk that tends to be one that raises red flags when you discuss this
with investors. The company is just bringing on production right now. Last month, it
was not in production. It is literally ramping up to 35,000 barrels a day (35,000 bbl/d)
within the next six months.
It's another company that trades at a reasonable discount on the market. We have a
buy recommendation and a £9.20 target price. It currently trades at around £5. This
is another situation of a discount to reserve. Even to date, the company's
exploration success has already added incremental reserves, so that 2P reserve
number should to continue to grow. That has been one name we've been talking
about quite actively.

dragonsteeth
07/11/2013
21:32
late news of a share placing, near to fste 250 entry must be a cert now.
rolo7
07/11/2013
19:41
Very quiet board for a seemingly interesting company....
the esk
Chat Pages: Latest  10  9  8  7  6  5  4  3  2  1

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