Corcel Share Discussion Threads

[epifanio1] 03/11/2023 07:42

"We found oil boss""How much?""No idea boss, just tell the market with a rampy RNS!!""I can't do that, or can I????" LOL

[wally27] 03/11/2023 07:41

Lovely news and profits into #BCE just in time for their company making news.

[kemche] 03/11/2023 07:37

NT to buy. All sold out. None available.

[babbler] 03/11/2023 07:34

Um...Market isn't open yet...

[helpfull] 03/11/2023 07:33

Can't even get a quote, buy of sell.

MM games.

They want them all for themselves.

Be careful.

[kemche] 03/11/2023 07:31

I have another massive buy order at the open. GLA LTHers!

[smackeraim] 03/11/2023 07:29

well done on averaging down kemche

[firestarter1] 03/11/2023 07:28

Vindicated

[firestarter1] 03/11/2023 07:28

See I told you

[kemche] 03/11/2023 07:28

"several potentially productive zones"

"imply significant hydrocarbon potential"

"multiple potentially productive zones and multiple intervals"

"line of sight to near-term revenue generation"

"indicating scope for significant remaining hydrocarbon production potential"

The implication of the potential are clearly there! The line of sight cannot be clearer!!!! The scope for the potential is off the scale!!! The indicative scope is gargantuan!!!!


How many conditionals can be packed in one RNS?????


1p at the open and 2p by eod. GLA LTHers!!!!! Know this - the gush has begun!

[smackeraim] 03/11/2023 07:27

2 other blocks to explore already, and other production ready assets planned, according to chairman in recent interviews https://www-expansao-co-ao.translate.goog/grande-entrevista/interior/estamos-a-negociar-a-aquisicao-de-mais-blocos-de-petroleo-e-gas-em-angola-115129.html?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp

[tomboyb] 03/11/2023 07:23

Interesting -

[dafad] 03/11/2023 07:18

Eps-Early production system!

With a view towards implementation of an EPS, the consortium is proceeding immediately to drill TO-14

[smackeraim] 03/11/2023 07:14

The Operator, Sonangol, have advised Corcel that the Tobias-13 well penetrated the entire Binga reservoir section (120m column)

[smackeraim] 03/11/2023 07:14

lol good old Colin

[dafad] 03/11/2023 07:13

Colin's grown to a 120m!

[dafad] 03/11/2023 06:58

Hope we see 78m tall Colin this am🤣

[kemche] 02/11/2023 18:35

"Good and forthright management is always very important."

They don't come any gooderer or forthrighter than here.

[chinahere] 02/11/2023 17:15

Colin is 78m tall and covered in oil - he's easy to run into.

I've bought into this for some fun and I like the look of the manager in his interview. Good and forthright management is always very important.

[dead duck resources] 02/11/2023 16:58

Corcel was up over 30% on Thursday, one of the day's biggest risers, following rumours their Angolan well may have struck Colin.

[smackeraim] 02/11/2023 16:03

Never forget Southport. The retirement town

[kemche] 02/11/2023 16:02

Thanks smacker. That's huuuge! Add to that Mambare, Wowo and Southport and we are off to the races!

[smackeraim] 02/11/2023 15:58

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.

[kemche] 02/11/2023 15:52

I continue to buy the spike.

GLA LTHers!