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CRCL Corcel Plc

0.12
0.00 (0.00%)
18 Jun 2024 - Closed
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% 0.12 0.11 0.13 0.12 0.12 0.12 3,822,858 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Nonmtl Minrls, Ex Fuels 0 -1.26M -0.0008 -1.50 1.92M
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 0.12p. Over the last year, Corcel shares have traded in a share price range of 0.105p to 1.375p.

Corcel currently has 1,599,528,988 shares in issue. The market capitalisation of Corcel is £1.92 million. Corcel has a price to earnings ratio (PE ratio) of -1.50.

Corcel Share Discussion Threads

Showing 5051 to 5072 of 5825 messages
Chat Pages: Latest  209  208  207  206  205  204  203  202  201  200  199  198  Older
DateSubjectAuthorDiscuss
24/11/2023
16:05
dribble dribble
dead duck resources
24/11/2023
16:01
DDR

Your maths is improving.

Don't forget this is NOT the 90's and modern drilling and completion technology, including potentially horizontal drilling will produce excellent flow rates.

I expect these Colins to flow significantly higher than your predictions.

I'm sure once you have BOUGHT the shares you will try much harder.

z1co
24/11/2023
15:54
DDR, what part of 100,000 bopd do you not get? Sheesh!
kemche
24/11/2023
15:46
Z1CO, I've redone the calculation as it was slightly too bearish. Of the 12 historic wells, 7 were producers, with 5 dusters (one of those converted to water injection).
A success rate of 58%. On that basis we can expect 1 of our 2 attempts to come good
and spreading the historic production over less wells means a higher bopd number !!

29 MBO historic production
Field discovered 1961, shut-in end of millennium. 35 years fine for the calculation

35 years x 365 days = 12,775 and will discount 10% for downtime = 11,500 days

(29,000,000 / 7 wells) / 11,500 days = 360 bopd per well

On reflection I was too bearish to say new wells may reach 1/4 of the original rate. DDR wants to get you the best number possible and HALF of that rate may be possible.
That's 180 bopd or a cool 32 bopd net to CRCL's 18% interest. It's still compelling.
Sadly due to the historic dusters I expect only 1 of the wells to be a producer, so
32 bopd is your lot, but will be higher initially before the decline curve kicks in.

dead duck resources
24/11/2023
15:33
DDR

Corcel and the operator 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.

Technology for drilling has significantly improved since the 90's.

These Colin wells gussssssh massively.

Bring on the flows

z1co
24/11/2023
14:29
You're mistaken this field is not in Austin Chalk Texas it's in Angola West Africa.

Who knows the Colins could easily gush past 10,000 bbls/d with modern drilling.Don't forget this is the first drilling since the 90's.

The good thing is we don't have to wait that long to find out.

As we debate Colin 2 is being drilled towards the target depth.

This will be a massive gussssssssssssssssssssher.

z1co
24/11/2023
14:15
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.

dead duck resources
24/11/2023
11:19
30 million barrels produced over 35 years is excellent, and I believe over 12 wells?
That's an average of 195 bopd per well, and there is expected to be 'some' oil left!

If we can average 100 bopd (18 bopd net for CRCLs 18% interest) at both wells that's 36 bopd net! At $20 a barrel operating margin that's EBITDA of £0.2m a year for CRCL
which will go some way to covering the 'beginning of the initial' plc admin expenses and the 'beginning of the initial' convertible loan interest.

dead duck resources
24/11/2023
11:14
They will get exceptionaler if the ruddy MMs continue with their shenanigans.

But a chance for me to get in even cheaper!

kemche
24/11/2023
11:08
They will flow test Colin 2 first upon reaching target depth.

It will be a gusher but by what margin?

It could be any amount from 2500 bbls/d to 10,000 bbls/d or maybe even higher.

Even a 3000 bbls/d at 18% net will generate substantial amount of cash for this micro cap

With oil currently at around £80/barrel @ 3000 bbls/d will yield $1.3m per month from each Coiln well.

Now that will be transformational for this company.

The shares at 0.5p represent exceptional value.

z1co
24/11/2023
10:42
Classic treeshake to let Leni and Pharmacal in on the cheap.

Go Colin 2!

I continue to average down.

kemche
24/11/2023
10:33
The Kon-11, Kon-12 and Kon-16 blocks contain the previously producing Tobias and Galinda oilfields which hold about 85 million barrels of contingent resources and could be redeveloped, as well as exploration prospects that could host 1.4 billion barrels of oil.

The Tobias and Galinda fields were exploited by Petrofina in the 1960s-1980s and produced about 30 million barrels in total at rates up to 17,500 barrels per day.

z1co
24/11/2023
08:08
Comments on ADVFN this week, wibble, wibble, wibble.
mark10101
23/11/2023
20:08
🤣🤣🤣
kemche
23/11/2023
20:00
lse CRCL comments of the week

3. "I’d recommend a buyback over dividends"

2. "If corcel starts share buybacks that could neutralise the warrant shares"

1. "We could RTO it [the Canegrass exploration tenement] on the ASX. I have yet to see an RTO that was negative for shareholders. Lets see what these rock chip samples show"

dead duck resources
23/11/2023
13:41
Canegrass, £20k and 200m shares bought from Leni will be another gusher.
kemche
23/11/2023
13:39
Why would they find oil shows if it wasn't a gusher?????

700 million barrels!!!!

GLA LTHers!

I continue to average down.

kemche
23/11/2023
13:32
Ok, how about you stop posting on CLCO with your annoying false drone, and i'll stop here. Agreed? we filter each other like grown ups and move on with our investments.
premium beeks
23/11/2023
13:20
DDR

You know it will be a guuuuuuuuuusher.

By how much , that's the big question.

z1co
23/11/2023
13:17
Beeks of Araby

Iv'e already told you to f#ck off.

Since you're being a bellend i'll tell you again to f#ck off back to your dog share.

I think that will answer your pathetic question

Ho hum :)

z1co
23/11/2023
13:12
Damn straight.

Meanwhile you havent answeredthis Z1co. let me know if you need a hand.

QQ. If I bought at 0.5 this AM and "the price went up" as you said, how much profit excluding dealing fees would I make when the price is 0.48?


Take your time.

premium beeks
23/11/2023
13:09
Z1CO, thanks for posting the quote, we can see from that they're using column in the sense of a reservoir formation not 'oil column' which you mistook it for. No well test means no idea yet if there's any producable oil there.

The Angolans are using this work programme (on the country's only onshore oilfield) as marketing to drum up interest for other onshore bids. Anyone can see that.

dead duck resources
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