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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Corcel Plc | CRCL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.325 | 08:00:54 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.35 | 0.325 | 0.35 | 0.325 | 0.325 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 06/3/2024 06:32 by talais Houston , USA March 19th5 Mar 2024 19:56Courtesy of Vipasanna https://venturesafri |
Posted at 26/1/2024 10:01 by kemche As long as there are investors such as Mark and Awhoabamba I think it is fair to say that you will never go hungry. So that is good. |
Posted at 17/1/2024 19:33 by helpfull "Ironveld says that Align Research operates by selling a promotional research product to smaller companies, taking a shareholding as part of his research compensation and then typically offering other ‘funding services’ to those companies.""When those services are declined, he becomes aggressive and agitates to remove the executives, they say" "Clarke said: “The Directors of Ironveld genuinely feel that they have been subjected to coercion, threats and bullying by Mr Jennings over many months" ["Jennings said in response: “This is nothing less than I expected from Mr Clarke. I will be making a fulsome and robust response, correcting the untruths and scurrilous comments.”] "Small firms struggle to get broker coverage, which in turn makes it hard for them to raise cash from investors. That leaves them at risk from firms such as Align he says, to whom Ironveld has paid tens of thousands of pounds for research" "“Richard Jennings has put to the Board a number of funding proposals in recent months which have been considered and rejected out of hand by all Directors. It is the Board’s view that these proposals, which include expensive debt and highly dilutive warrants would suit Mr Jennings very well, but would be to the detriment of the Company’s shareholders and the Company itself" How did it all turn out? Be careful. |
Posted at 16/1/2024 19:36 by dead duck resources It was long believed legacy investors needed a price of 2p to go from 99.99% to 99.98%but that fails to consider rounding. At 1.51p, IPO backers hit the promised land of -99.9849% and may round down our return (note it is not a loss unless we sell) to -99.98%. What a time to be a legacy investor. |
Posted at 27/12/2023 12:43 by kemche It is with a heavy heart and much reluctance that I have finally decided to relinquish my holdings here which I had collected for a number of years. With the departure of the last of the heavyweight BODs of prior years, the illustrious names of Bell, Parsons and Kaintz - the "enrichers" - is no more. I do not know the pedigree of the current BOD and what their MO is and therefore will be taking a keen interest to see whether they too can deliver as much value as the previous BOD - they have tough comparators to measure up against that much is certain.In my time I have seen some great investors come and go, all of them successfully. To those that remain I wish you good fortune. But I shall be keeping a close eye on the progress here as it is a share close to my heart. |
Posted at 26/12/2023 18:40 by z1co News issued after the close on Friday:Board Changes 22 December 2023 Corcel Plc, (London AIM: CRCL), the Angolan focused exploration and production company, is delighted to announce the appointment of Ms Geraldine Geraldo, Mr Pradeep Kabra and Mr Andrew Fairclough to its Board of Directors, and the future appointment of Ms Jennifer Ayers and Mr Deepak Kabra, following completion of regulatory checks, thereby complementing and completing its pivot to oil and gas and its dedication to the current and future development of its Angolan onshore oil portfolio. Corcel Executive Chairman, Antoine Karam, commented: " Following several months of restructuring efforts, I am very pleased to announce the full revised Board of Directors of Corcel Plc. We thank Geraldine, Pradeep and Andrew who will be formally joining immediately, and we look forward to completing the required due diligence process with Jennifer and Deepak in the near term. Once completed, we believe this revised Board will have the deep executive and oil and gas technical and advisory experience required to drive Corcel to its next level of development, building on the work we have already done to reshape the portfolio and commence our operations in Angola. The Company plans a series of investor events during the course of 2024 offering the chance to engage with the new Board directly. We also thank Ewen Ainsworth for his multiple years of service at Corcel, his having joined during a historically challenging time for the Company, and now departing with the business in fundamentally excellent shape with bright prospects. We look forward to announcing the completion of the final board additions in due course and to announcing further advancements at our operations in Angola." Board Changes: Further to the announcement of 13 June 2023, the Company is pleased to announce multiple changes to the Corcel Board of Directors. Further to the announcement of 13 June 2023, Ms Geraldine Geraldo, the Company's MD Angola and Chief Commercial Officer, joins the Board with immediate effect as an Executive Director. Ms. Geraldo brings with her a legal and business development background, with over 15 years of experience in the oil and gas sector. Ms. Geraldo has held multiple positions with Chevron in the USA and in Angola, and is also an entrepreneur and the founder of multiple businesses. Mr. Pradeep Kabra, joins the Company with immediate effect as a Non-Executive Director. Mr. Kabra brings over 35 years of oil and gas experience in nearly all facets of the upstream oil and gas sector. Mr. Kabra currently serves as the MD of Ojas Consulting SA, based in Geneva, providing oil and gas technical, strategic, financial and investment banking services across Asia, Africa and the Middle East. Previously he was the CEO and Director of ShaMaran Petroleum Corporation, listed on the Nasdaq and several other markets, which conducted oil exploration and development helping open up the Kurdistan region of Iraq. Prior to this he held various positions in the industry with Addax Petroleum, Petro Canada and Lundin Oil. Mr. Andrew Fairclough, joins the Company with immediate effect as an Independent Non-Executive Director. Mr. Fairclough brings over 28 years of finance and oil and gas experience, including most recently being the CFO of Serinus Energy plc, an AIM and WSE listed oil and gas production company with assets in Tunisia and Romania and prior to that CFO of Whalsay Energy Limited, a UKCS oil and gas appraisal and development company. Prior to this Mr. Fairclough was an investment banker with extensive experience in M&A and capital markets, predominantly at Flemings, Rothschild and Merrill Lynch. Subject to completion of regulatory checks, Ms. Jennifer Ayers, the Company's Chief Technical Officer, will join the board in due course. Ms. Ayers has over 25 years of experience in the oil and gas sector, having trained as a geologist, and then held senior positions at CNOOC, Chevron and TotalEnergies, having also spent time at Netherland, Sewell & Associates focusing on audit reserve bookings. Ms. Ayers will join the Board as the Chief Technical Officer, and currently serves as a consultant until due diligence is completed. Subject to completion of regulatory checks, Mr. Deepak Kohli, a Non-Executive Director, will join the Board in due course as a Non-Executive. Mr. Kohli is the CEO of Faber Capital, based in Dubai, which is active in M&A advisory, capital restructuring, capital raising and asset management in the oil and gas and other sectors. Prior to this Mr. Kohli served as the Global Head of Debt Capital Markets at Standard Chartered Bank. He brings deep experience in corporate finance and capital markets, and a background in audit and accounting. As previously announced, Mr. Ainsworth, a Non-Executive Director, will step down from the Board with immediate effect. Mr. Scott Gilbert, a vendor of the APEX transaction, will no longer be joining the Board, and instead will become a consultant to the Company, in order to focus on full time opportunities in the oil and gas sector. The Board of the Company will therefore, upon completion of all regulatory checks, consist of Mr. Karam (Executive Chairman), Ms. Geraldo (Chief Commercial Offer and MD Angola), Ms. Ayers (Chief Technical Officer), and Mr. Kohil, Mr. Kabra and Mr. Zhao (Non-Executive Directors), and Mr. Fairclough (Independent Non-Executive Director). |
Posted at 24/11/2023 14:15 by dead duck resources The peak production is great to pop into an RNS or bulletin board, but we know this field was producing for the best part of half a century. '35 years' was conservative. If I'd used 40 years the numbers per well would be less than 100 bopd, and I was not prepared to frighten investors like mark0101 who think the wells will go gangbusters.We shouldn't be looking at historic flow rates anyway which was similar to a bathroom tap, as those virgin exploration wells will have accessed the easily accessed volume. Remaining producable volume may be more like a quarter of a bathroom tap. A dribble. |
Posted at 22/11/2023 16:27 by dead duck resources The excitement level created by the announcement of preparations for the short field trip to the WA exploration tenement, has rightfully overshadowed the General Meeting."Corcel has engaged (i.e. has paid) APEX Geoscience consultants and ALS for the work" Cash outflow is indirectly funded by UK retail investors, a compelling business model. |
Posted at 21/11/2023 09:16 by premium beeks Oh dear.Operating on a shoe string and tapping investors ad-nausea is no way to run a successful PLC.Sell. |
Posted at 07/11/2023 19:34 by z1co excellent coverage by the arm chair trader:Will Angola oil strike sustain the Corcel share price? By Stuart Fieldhouse 6th November 2023 AIM-listed Corcel [LON:CRCL] was getting plenty of love last week as it updated the market on drilling results for its Tobias-13 onshore well in Angola. Corcel stock started last week at 0.42p in London but were trading up at 0.58 Friday lunchtime. Corcel is an Angolan focused oil and gas company, with a range of appraisal and exploration interests in the region. Corcel’s primary assets are located in the Kwanza Basin, which is currently being reactivated after several decades of underinvestment. Corcel interest in Angola’s reformed oil and gas sector The company has a 20% working interest in the KON-11 block in Angola, which is operated by Sonangol, one of the biggest hydrocarbon operators in Angola. Angola is consistently ranked as one of Africa’s top-four oil-producing countries, alongside Libya, Nigeria and Algeria. Following his election in 2017, Angola’s President João Lourenço has moved quickly to enact regulatory and structural reforms in the oil and gas sector which could benefit the sector in the long run. Besides the amendment to the Petroleum Activities Law, government reforms included the creation of a new oil & gas regulator, namely the National Agency for Oil, Gas and Biofuels. ANPG’s creation ended state-owned Sonangol’s multiple roles as regulator, concessionaire and operator in the country’s oil sector. Further reforms include a decree under Angola’s privatization regulations that provides for the privatization of Sonangol. As part of the country’s four-year privatization program, Angola is planning to divest a 30% stake in Sonangol within the next five years. “Sonangol̵ Highly encouraging initial results for Tobias-13 well “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,” said Antoine Karam, executive chairman of Corcel. Karam said TO-13 looks to be the cornerstone development of a future EPS and provides Corcel with line of sight to near-term revenue generation. The testing programme should give Corcel invaluable data on how best to deliver on that goal. The drilling results for the TO-13 well were positive, with oil shows found throughout the Binga reservoir in alignment with the distribution seen in historic production wells in the Tobias field, confirming the ability to reactivate production in the field. Based on these results, the consortium is proceeding to drill a second well Tobias-14 (TO-14), with a rig move currently underway. Sonangol have advised Corcel that the Tobias-13 well has penetrated the entire Binga reservoir section, with potential productive zones seen in multiple intervals. The well concluded with a total depth of 958.5m, and was drilled in a downdip location from historic production wells, indicating scope for significant remaining hydrocarbon production potential. KON-11 is considered a brownfield development and includes the historically producing Tobias field, drilled, and developed by Petrofina in the 1960s and 1970s, and inactive since the late 1990s. The Tobias field constituted 12 historic vertical wells, and Corcel and Sonangol both believe that revised interpretation of the existing structures along with the application of modern drilling and completion technology – including potentially horizontal drilling – will lead to a higher Original Oil in Place (OOIP) figure in the reactivated field being achieved. Corcel also retains several additional mining interests, including exposure to nickel, cobalt, rare earth elements and lithium. |
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