Corcel Share Discussion Threads

[hotorcold] 28/12/2023 13:09

Once we clear 1p this will move in bigger chunks

[z1co] 28/12/2023 13:05

Every time MM's drop the price buys come in thick and fast and they have NO choice but to increase the price.

With the flow test very likely to be positive my short term target is 1p to 1.5p and that's being very conservative.

[dicko80] 28/12/2023 12:53

12mmbbls net to corcel now likely to be more

Minimum in the ground value $3 perbbl

£29m mkt cap

Way below this currently

With increased resource and flow rates to come and near term production

With further 300mmbbls net to hunt

Just the beginning

[steveberyl] 28/12/2023 12:49

0.75 paid for 500,000 seems word is spreading fast. 1p later perhaps ?

[z1co] 28/12/2023 12:33

Only a few buys at 0.73p and it's gone NT

[z1co] 28/12/2023 12:30

Even though the MM's have increased the offer price to 0.71p , you still can't buy even 50,000 shares.

[steveberyl] 28/12/2023 12:27

Flow test results should not take that long, £25m Mkt Cap, easily possible on reasonable flow test. This will become a ripper when Market re-opens again after New Year. Currently in slow motion with depleted investors imho

[z1co] 28/12/2023 12:26

Can't buy a bean @ 0.70p , shares are poised to rise more and so they should

[z1co] 28/12/2023 12:03

dean

I'm convinced it will kick off from here the operator will begin to clean up the well immediately and then flow test it.

The market cap is still considerably low.

[deanmatlazin] 28/12/2023 11:56

market not wake up to the news yet. i am sure many still on holiday and will come back after new year. hope it will kick off big time next week.

[z1co] 28/12/2023 11:54

I can't get over the fact the company drilled TO-14 in close proximity to TO-4 which produced at its historic peak 12,580 bbls/d despite only penetrating the first 8m of the reservoir.

They will now flow test TO-14 and yet the company is only valued at around £10m and that's including the rise today.

[z1co] 28/12/2023 11:41

The operator will clean-up the well and then begin the flow tests.

Expect plenty of positive news regarding TO-14 which will keep the shares in an upward trajectory.

[smackeraim] 28/12/2023 11:35

Looking ace now

[mark10101] 28/12/2023 11:32

Z1CO, best to leave that legacy thread where it is, the weirdest group of people I have ever come across, the energy they have expended on FUDing the old CRCL is staggering.

Plenty to focus on the new CRCL post that RNS.

[z1co] 28/12/2023 11:30

Those that have already sold off will regret when the share price exceeds 1p.

[z1co] 28/12/2023 11:18

DDR

Posting his usual b/s because the idiot does NOT own any shares.

MM's having absorbed a lot of sells from traders but continue to increase the price.

[kemche] 28/12/2023 11:15

"producable sliver in these wells, which they haven't said" because it is a commercial secret for gawd's sake. But the oil has been shown and the shows are encouraging FFS! If you are not encouraged then that is your problem.

Pharmacal continues to buy.

GLA LTHers!

[dead duck resources] 28/12/2023 11:10

The first well penetrated 120m of the reservoir, only 80m this time. Karam did try to warn us there was a negative aspect...

It's a moot point though since the historic well was only able to produce from a tiny sliver of the reservoir. Penetrating every zone is nice but we just need to know that one zone, the extent of the producable sliver in these wells, which they haven't said.

[dicko80] 28/12/2023 11:00

Ticking up

[kemche] 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.

[z1co] 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.

[dead duck resources] 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?