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CRCL Corcel Plc

0.325
0.00 (0.00%)
24 May 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% 0.325 0.30 0.35 0.325 0.325 0.33 558,424 08:00:09
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Nonmtl Minrls, Ex Fuels 0 -1.26M -0.0008 -4.00 5.12M
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 0.33p. Over the last year, Corcel shares have traded in a share price range of 0.23p to 1.375p.

Corcel currently has 1,599,528,988 shares in issue. The market capitalisation of Corcel is £5.12 million. Corcel has a price to earnings ratio (PE ratio) of -4.00.

Corcel Share Discussion Threads

Showing 5251 to 5274 of 5775 messages
Chat Pages: Latest  219  218  217  216  215  214  213  212  211  210  209  208  Older
DateSubjectAuthorDiscuss
28/12/2023
11:00
Ticking up
dicko80
28/12/2023
10:57
I am seriously tempted to buy back in.
kemche
28/12/2023
10:56
T13 and now T14 are both gushers! Oil has clearly been shown! There is no bad - only good!

The SOTP here is off the scale. I predict >1p by cop.

GLA LTHers!


There seems to be a touch of the Bell about Karam which I shall be monitoring with interest.

I eagerly await Pharmacal's 2024 tips with baited breath.

kemche
28/12/2023
10:55
DDR , just posted on the other thread.

A typical troll pretends to own shares but in fact owns f### all.

Best to ignore the troll.

z1co
28/12/2023
10:51
Some of us long termers are still in and enjoying today's RNS. The share price price remains -99.99% on IPO but my last top-up 2 years ago at 1.5p is looking better at -56% 🥂 (- 62% inflation-adjusted)

One thing I'm concerned about though is the RNS comment 'Overall the drilling results were positive'. Suggests they weighed up the good and bad. Can anyone shed light on the bad?

dead duck resources
28/12/2023
10:35
Corcel soars as latest Angola drilling results point to oil
Published: 08:56 28 Dec 2023 GMT

Shares in Corcel PLC (LSE:CRCL) jumped over 12% on Thursday morning as the company reported positive drilling results from its part-owned site in Angola.

Drilling in the TO-14 well, which is part of the onshore KON-11 block, confirmed oil throughout, the company said in an update.

These mirrored drilling results from the TO-13 well and effectively confirm production can be reactivated on the potentially significant hydrocarbon deposit, Corcel added.

“We've confirmed that the same formations are contiguous between both wells, and data indicates that these zones contain movable oil throughout the reservoir,” executive chairman Antoine Karam said.

“Given the historically wide well spacing of the field, there appears to remain substantial areas both undrained and now potentially re-charged since the original field was shuttered.”

KON-11, in Angola’s Kwanza Basin, was developed by Petrofina between the 1960s and 1970s and has been inactive since the late 1990s.

Now operated by Sonangol and 20% owned by Corcel, the pair anticipate more could be produced at the site through the use of modern technology.

z1co
28/12/2023
10:32
Hotorcold

Sale of assets

WWG $2.8m

Mambare $4.1m

Mt weld $1m (partial)

Total $7.9m

c£6.4m

Covers over 50% mkt cap

New management put funding in place at 100% premium when the share price was .40p to the tune of £10m

dicko80
28/12/2023
10:14
Hotorcold

Read the rns dated 16/10/2023

z1co
28/12/2023
10:11
Good place to start would be padt rns's
dafad
28/12/2023
10:03
Hi. Just doing some research. How much cash in Bank? What percentage of shares are held by management? Will the company need to raise funds? Thanks
hotorcold
28/12/2023
09:34
The share price will rise towards the 1p and will be considerably higher once the well TO-14 gushes
z1co
28/12/2023
09:30
MM's enticing traders to sell by increasing the bid to 0.67p
z1co
28/12/2023
09:30
Production profile

2024 25000 bopd
2025 50000 bopd

Corcel 20%

5,000 bopd
10,000 bopd

Cash cow

dicko80
28/12/2023
09:27
dean

That's just from TO-14 the operator will flow test TO-13.

If both wells are positive then the price will .....

z1co
28/12/2023
09:25
Hi Dean

Forecast production numbers are higher than 10k gross

dicko80
28/12/2023
09:23
Yes should re rate now over time
dicko80
28/12/2023
09:22
if it flows 10000bopd, 2000bopd will go to CRCL. With current oil price circa $80/bl,
Corcel revenue will be around $58million dollars per annum. Should 5 bags from current price.

deanmatlazin
28/12/2023
08:49
why the very muted response?
everready1
28/12/2023
08:45
That is the juicy bit Z1CO

T04 historic well produced 12580 bopd from just 8m reservoir

Today's update confirmed 80m section

Let it flow

dicko80
28/12/2023
08:40
TO-14 could be a big gusher:

The TO-14 well penetrated the entire Binga reservoir section (80m column) with potential pay zones seen in multiple intervals. TO-14, with a total depth of 781m, was drilled in close proximity to TO-4 as an offset well from the best historic producer in the original Tobias field; a well which produced at its historic peak 12,580 bbls/d despite only penetrating the first 8m of the reservoir.

z1co
28/12/2023
08:38
Good morning "Kemche" - Karma's great innit! ;-)
richie666
28/12/2023
08:28
The market will do its thing, the flow rates will do the serious talking, but to get the replenished well pressures and to intersect 10x the oil bearing zone is way way more than I could have hoped for.
mark10101
28/12/2023
08:26
It's gone NT to buy at 0.65p
z1co
28/12/2023
08:24
This was an excellent result and we should see the share price head towards the 1p.
z1co
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