Corcel Share Discussion Threads

[z1co] 20/12/2023 15:42

It looks like MM's are short of shares ahead of what could well be positive update.

They have now upped the bid to 0.51p hoping to get a few more in to selling their shares.

[z1co] 20/12/2023 15:30

The 2m sell was from one hour ago at 2.23pm when the bid was at 0.49p.

Even with a few sells the MM's have increased the bid to 0.50p.There is strong demand for shares at these low prices.

[z1co] 20/12/2023 13:39

Share price rising as the drilling gets close to target depth is always a positive sign.

[z1co] 20/12/2023 13:33

UP nearly 15% , perhaps suggests a positive result for the TO-14.

[aberloon2] 20/12/2023 13:32

Certainly some interest today...

[z1co] 20/12/2023 10:24

Delayed 1,500,000 buy @ 0.4796p one hour ago shown by advfn as a sell

[z1co] 20/12/2023 09:23

Edit

UP 9% now

[z1co] 20/12/2023 09:21

TO-14 was spudded on 11th or 12th of November by the operator Sonangol.

The drilling of this well will be very close to reaching target depth.Buying will start to increase over the coming days/weeks.There has been only a few buys this morning and yet the MM's have already marked the share price up by around 4.5%.

[z1co] 18/12/2023 15:25

Thicko it's NOT how many posts but the quality of posts that matters.

You certainly post a lot but unfortunately your posts are FOS.

These shares will explode to the upside when they start flow testing.

[dead duck resources] 18/12/2023 15:09

Thanks for the reply thenorseman, that explains the lack of interest in Z1CO's thread.
Corcel has drilled more oil & gas wells in Angola than that thread has non-Z1CO posts.

[z1co] 18/12/2023 14:58

DDR can't post his rubbish on this thread whilst we await news regarding Colin 2.

[z1co] 18/12/2023 14:55

The drilling of Colin 2 must be very close to target depth.

Some positive news from the company will be most welcome by the shareholders.

[z1co] 18/12/2023 14:43

Well posted norsman2.

[thenorseman2] 18/12/2023 13:39

Dead duck we have all moved on to another platform where we discuss so not having to listen to your rubbish

[dead duck resources] 18/12/2023 11:19

The new slightly boringly titled thread seems to have dampened enthusiasm in this share.

The Trillion Nickel thread remains the one to use imho as Mambare is still in the portfolio and in my view worth more than the marginal field in Angola, which will likely cost more to get the oil out.

[z1co] 17/12/2023 09:34

Early production

Angola awarded Block KON11 in 2020. AIM-listed Corcel, which owns a 90% stake in Atlas Petroleum, says the plan is to use modern drilling and completion technology – potentially including horizontal drilling – to increase the oil in place.

Tobias produced 29mn barrels of oil, peaking at 17,500 barrels per day. Corcel estimates unproduced contingent oil at the field to be 65mn barrels. Of this amount, it would claim net resources of 11.7mn barrels.

The field could begin producing late in the second quarter of 2024, Corcel said. It also noted plans to acquire seismic in KON12 and KON16. It could drill the former, home of the Galinda redevelopment, in the fourth quarter of 2024.

[tigin] 12/12/2023 14:47

Sounds good ...hopefully we will see this moving up in the coming days ...a bit of buying today ...although the price has dropped a little ... good result could see it move up to the high 60s plus ...

[z1co] 12/12/2023 12:00

News regarding TO-14 could be announced any time from 22/12/2023 (drilling to take 40 to 50 days to reach target depth) and will be most welcome if it is before the end of this month.

It will certainly get very exciting from next week onwards.

[z1co] 10/12/2023 16:58

Revised interpretation of the existing structures along with the application of modern drilling and completion technology, possibly including horizontal drilling, could lead to a higher original oil in place in the reactivated field, according to Sonangol the operator who also happens to be the largest national hydrocarbon producer in Angola.

[z1co] 10/12/2023 16:38

The well TO-13 has already been drilled and has encountered several potentially productive zones in multiple intervals.

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.

Corcel said that results indicated “scope for significant remaining hydrocarbon production potential”.

[z1co] 10/12/2023 16:36

The company is all set to become an oil producer in 2024 hence the new thread.

[z1co] 10/12/2023 16:33

!FOLLOWFEED
KON11 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. Work on the field included 12 vertical wells. Revised interpretation of the existing structures along with the application of modern drilling and completion technology, possibly including horizontal drilling, could lead to a higher original oil in place in the reactivated field, according to the operator and Corcel.

The traditional Tobias field reservoir is in the Binga limestone, with 4-14% porosity at a depth of about 700 m. Historic peak production was 17,500 b/d with 29 million bbl produced over the life of the field, Corcel said. The company estimates unproduced contingent oil resources of 65 million bbl.


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29/12/2023

Breakout imminent:




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