Corcel Share Discussion Threads

[kemche] 01/12/2023 00:05

Ddr, will you please stop reading the accounts wrongly?

[dead duck resources] 30/11/2023 23:30

mark is right to wibble with excitement over these results, they're truly something.

- "The lithium exploration rights at the Canegrass tenement are overlain on a third party nickel license". Overlapping exploration rights! Interesting and post-modern!

- "After year-end the Company reached a position of being debt-free for the first time in several years." Debt-free baby!

"Also post year-end Corcel agreed to draw down convertible debt from Extraction SRL.
Corcel now owes Extraction SRL £1,000,000 which will increase to £2,000,000 shortly.
Up to £8,000,000 more is to be mutually agreed over the 3 year term and the Company
has agreed the balance of the facility can now be made available for early drawdown"

- Director Emoluments
J Parsons £302,000 including £30,000 bonus
S Kaintz: £236,000 including £35,000 bonus

[kemche] 30/11/2023 12:16

"with oil shows and multiple potential production horizons throughout"

The shows are clearly there with potential!

"The Directors anticipate having to raise additional funding to meet the ongoing spending projections and working capital requirements of the business, most likely through debt instruments over the course of the financial year."

Natch.

Looks like they are informing the market of Junior's imminent exit. Poor sod.

Otherwise an excellent set of results!

GLA LTHers!

I continue to average down.

[premium beeks] 29/11/2023 16:51

I'm usually knocking about!I know little about the company however can agree with Z1co on one thing - modern practices will very much improve any reservoir yields on discovery and commercialisation.Best of luck all,PB

[helpfull] 29/11/2023 12:26

Where's Beeksy?

Sorely missed.

Be careful.

[dead duck resources] 28/11/2023 14:22

Ignore the derampers like Angola's Economy Minister, fossil fuels are bang on trend.

"The energy transition makes it even more urgent to diversify the economy." Economy Minister Mário Joao has launched programs to do just this. His goal is for 80 to 85%
of Angola's energy supply to come from renewable sources in the medium term. "It's a question of survival, because oil is coming to an end", says economist Carlos Rosado
de Carvalho, adding the country's known oil reserves won't yield much after 2035."

[z1co] 28/11/2023 12:49

These Colins will definitely flow

If they even a flow a minimum of 1500 bopd we are entitled 270 bopd net at 18%.
That's 540 bopd from the 2 Colin wells generating a revenue of over $15m/year.

With the modern drilling techniques they will flow a lot more than 1500 bopd.

In meantime i continue to buy at sub 0.5p

[kemche] 28/11/2023 11:58

Classic treeshake to let Leni and Pharmacal in on the cheap.

Colins gushing like there is no tomorrow.

[dead duck resources] 28/11/2023 11:55

Now the general meeting is out of the way with Mambare exit approved by shareholders the Aussie JV partner can once again exercise its rights to snub the deal. Meanwhile the price is falling on spud fears, with the field only having a 1 in 2 success rate.

[helpfull] 26/11/2023 09:53

I see what you mean about chickens and eggs.

I got carried away last night and ordered a rampant black horse on the internet.

Now I've to find it some stables before it arrives.

Be careful.

[kemche] 25/11/2023 19:20

I already have my chickens. Now for the eggs.

[kemche] 25/11/2023 19:18

Be carsful.

I like it!

[helpfull] 25/11/2023 18:53

No. I'm not greedy.

One Ferrari.

Be carsful.

[z1co] 25/11/2023 16:25

Helpful

Do you mean one Ferrari for each well ?

And i'm being very careful in what i post.

[z1co] 25/11/2023 16:22

CRCL has a very small mkt cap so even if these Colins flow at only 1500 bopd we are entitled 270 bopd net at 18%.

That's 540 bopd from the 2 Colin wells generating a revenue of over $15m/year.

So it's a WIN WIN for the company and it's shareholders.

And if these Colins flow more than 1500 bopd then it's all the merrier.

Even at 1500 bopd the shares will whoosssssssssssssh past the 2p

:)

[helpfull] 25/11/2023 16:17

"That was nearly 30 years ago"

Well, it is a vintage Ferrari for me then.

Be carsful.

[lexion] 25/11/2023 15:50

You lot on here are as mad as a box of frogs - guess range from 30 to 100000 bopd - wow - I need say no more

[z1co] 25/11/2023 15:35

DDR

That was nearly 30 years ago Sonangol will drill these Colin wells with modern drilling techniques which were not available to Petrofina Energy back in 80's and the drill location is at a downdip location from a previous historic well.

There is still a huge amount oil in this field and the operator will not be drilling unless it was worthwhile.

These Colins will flow at over 5000 bopd.

I have shares in a company that's producing 248 bopd in Austin chalk Texas and that's being flowed so much due to modern drilling techniques prior to this these wells were only producing 15 to 20 bopd.

As i have posted above you're posts are bearish because you have NOT yet bought the shares , once you BUY the shares your posts will no doubt be become bullish.

[kemche] 25/11/2023 14:59

Helpfull knows!

[helpfull] 25/11/2023 14:48

5,000-20,000 bopd would suit me fine.

How much is that at $80 per barrel?

I'll tell you how much.

Ferrari much for me.

Kerching, kerching.

Be careful.

[kemche] 25/11/2023 14:44

Lexion - at CRCL everyday is April 1st.

[lexion] 25/11/2023 14:33

I thought it was Nov 25 th today not April Fools Day ??