Corcel Share Discussion Threads

[helpfull] 19/11/2023 12:43

FWIW

hxxps://medafricatimes.com/33243-angolan-concessionaire-received-53-bids-for-oil-exploration-in-the-congo-and-kwanza-basins.html

Angola’s National Oil, Gas and Biofuels Agency (ANPG) has received 53 bids in the onshore tender for 12 oil blocks in the Lower Congo and Kwanza onshore basins, the national concessionaire announced on Thursday November 16.
For the four blocks in the Congo Basin—CON 2, CON 3, CON 7, and CON 8—22 bids were received, ten of which were for CON 8, with four companies as operators of this block.
With regard to the eight blocks in the Kwanza Basin, the Angolan concessionaire received 31 bids for blocks KON 7, KON 10, KON 13, KON 15, and KON 19, 22 of which were operators, while the remaining three (KON 1, KON 3, and KON 14) had no interest.
This will be followed by an evaluation of the bids received and the companies that submitted them. The process is expected to be completed by December, with the results announced in mid-January 2024.
The next stage is negotiation with the selected companies, and the process is expected to be completed by the end of March next year.
At the ceremony to open the tenders, the Secretary of State for Oil and Gas, José Barroso, pointed out that the world oil industry is facing economic and political challenges that are having an impact on the price of a barrel of oil, but the prospecting conditions in Angola make it possible to offer a healthy, sustainable, and attractive business environment.
According to José Barroso, in order to cope with adverse events, the Angolan authorities have opted for a proximity approach capable of strengthening the search for consensus in the sector and listening to all stakeholders, especially companies that invest in projects that help make a difference in people’s lives.

Be careful.

[dcarn] 18/11/2023 22:39

Nicked from the Afentra board but it looks like Corcel has also applied for new onshore licenses.

[smackeraim] 17/11/2023 18:14

https://x.com/corcelplc/status/1725575575807328421?s=46

[z1co] 14/11/2023 12:53

These oversold shares will get to around 1p before they even reach target depth.

[z1co] 14/11/2023 12:44

Impatient traders are selling this , if they wait for the gusher x 2 they will be able to sell way past 2p.

[z1co] 14/11/2023 11:13

It will certainly be a massive gusher when it's flow tested

[smackeraim] 14/11/2023 11:10

Colin is bigger than anticipated kemche. wowza

[helpfull] 14/11/2023 11:08

I am buying so I can sell them later to make a tax loss.

The share that keeps on giving.

A no brainer.

Be careful.

[z1co] 14/11/2023 11:06

I will continue to buy all the way to 1p the expected double gusher will lead to a massive whoosher of the shares in excess of 2.5p.

[kemche] 14/11/2023 10:55

Here we go - whoosh!

Colin - 2 a gusher too???

GLA LTHers!

I continue to average down.

[z1co] 13/11/2023 15:26

The company has said it will take them 40 to 50 to reach target depth so hopefully by the end of 2023.Testing of both wells to commence upon reaching TD of well TO-14.

Two gushers in January and a big whooosher to around 2.5p.

Bought a few more today.

nb

Drilling has started ahead of schedule for well TO-14.

[kemche] 13/11/2023 13:50

Forward buying?

[dead duck resources] 13/11/2023 12:10

If this drill takes as long as the last, and they said it will do, then no news until January, and that's just to reach TD. Expect a drawn-out testing phase during H1 2024.

All sells are deferred buys.

[kemche] 13/11/2023 10:59

I am putting some of the profits from here into KZG and PFP - my naps of the year.

Not that I am selling here of course.

GLA LTHers!

[helpfull] 13/11/2023 09:29

Nobody is selling.

It is not a sellers market.

Definitely a buyers market.

But nothing to buy because they have all been snapped up by snapper uppers.

People are offloading to provide liquidity.

So buyers can storm in.

But offloaders can't sell because buyers only want shares that are being sold.

And there are no disdisablederers for offloaded shares.

So you can try to sell but the offloaders will ignore you.

Try to buy and the offloaders will just sneer at you.

Plenty of time to get it sorted because the drill goes at less than 1 metre an hour.

Be careful.

[kemche] 13/11/2023 09:23

Oh FFS! Who's selling now???? They have already told us about the encouraging hydrocarbon shows at Colin. Who is to say they will not repeat the same at Colin - 2, 3, 4, 5, 6, 7 etc.

I continue to average down like there is no tomorrow. GLA LTHers!

BLUE by cop.

[kemche] 13/11/2023 08:55

FS - everyone is a buyer. There are no sellers. Deramper!

[firestarter1] 13/11/2023 08:53

Another 2 months then the dumpers sells more

[kemche] 13/11/2023 08:20

I continue to average down patiently.

[z1co] 13/11/2023 08:11

Waiting patiently for the whoooosh to at least 1p.

[smackeraim] 13/11/2023 07:56

Very far. Just got to be very patient. Kemche has been ..

[kemche] 11/11/2023 21:52

Agreed. Very far.