Corcel Share Discussion Threads

[z1co] 29/12/2023 08:37

No doubt like yesterday there will be quite a few buy trades over a million that will get reported 1 hour late and like yesterday they will be shown by advfn as a sell.

[smackeraim] 29/12/2023 08:29

Looks good.

[smackeraim] 29/12/2023 08:29

you were banging on about all this at 0.2 mate lolone day rodney

[dicko80] 29/12/2023 08:28

Few tick ups 👌

[dicko80] 28/12/2023 21:29

Ak interview from October

[dicko80] 28/12/2023 19:38

Thanks, yes and that's just tobias we also have Galinda oil field in KON12 plus further upside drilling deeper beneath the salt layer

Well worth doing some research into the geology for the deeper targets beneath the thick salt layer

The rift between the Santos and kwanza basins

the success the santos Basin has achieved drilling deeper below the salt



The salt acts as a thick seal,  with migration pathways into the uplift and oil is trapped beneath the thick salt

To date not many wells have penetrated the salt layer , they have targeted the shallow oil reservoirs

Huge upside potential for us on the salt leads , where there is great potential for oil accumulation

Click on the link below



If you look at the map of the blocks and look at Tobias oil field , where we are curently drilling

Anyone see what's just about showing underneath the oil field

"Salt lead"

Further reading , highlights the salt potential leads on KON11 & 12

[...]

[z1co] 28/12/2023 19:28

D ,

Nice summary and if everything goes to plan the share price in 12 months time is likely to be in excess of 5p.

[dicko80] 28/12/2023 19:08

Mkt cap £11m

Net contingent resources 11.7mmbbls

Not even priced at £1 per bbl

Should be between $3 -6 per bbl, in the ground $3, on discovery $6 per bbl

Both wells have multiple zones to test,  with each zone a potential producing zone over very large oil columns in both wells 120m & 80m which is highly fractured

It's now becoming clearer the potential  production numbers discussed on here many weeks ago become reality

6,000 bopd net to corcel 2024

6,000 x $80 x 365 days =

$175,200,000 gross revenues to corcel

12,000 bopd net to corcel 2025

12,000 x $80x 365 days =

$350,400,000 gross revenues to corcel

Let the 10% have their day, the real money is to come on flow rates, field development plan and production into 2025

Then hunting 300mmbbls in KON16 once in production

Let the testing begin 🔥 🔥

[z1co] 28/12/2023 18:45

This bit of the rns gives a very strong indication that TO-14 is likely to have very high flow rates:

"The field has fully re-equilibrated."

[z1co] 28/12/2023 18:29

Positive write up in Share Talk:

[steveberyl] 28/12/2023 17:34

Align Research see`s a Re-Rate 10x. Interesting.

[dicko80] 28/12/2023 16:17

Agreed , anything below financing is a gift

0.80p

[dead duck resources] 28/12/2023 16:10

A kick in the teeth those 0.21p warrants

[z1co] 28/12/2023 15:54

Peeps taking profits far too soon , this well has been drilled in close proximity to the historic well TO-4 which produced at it's peak 12,580 bbls/d despite only penetrating the first 8m of the reservoir.

[dicko80] 28/12/2023 15:38

Thanks Mortal1ty, 30 api light oil, 31% recoverable

Page 7



Hopefully increased OIP after today's RNS and our net share will increase from 11.7mmbbls recoverable

[mark10101] 28/12/2023 15:34

NT for more than 1.25m shares for me so pretty tight given the action today.

[steveberyl] 28/12/2023 15:33

Little jiggery pokery going on with published trades, I think the final day total could be 150m plus

Also expect rush to get back in before final bell.

[z1co] 28/12/2023 14:19

Another attempt by the MM's to get some shares from traders before taking the price to around 1p

[z1co] 28/12/2023 14:16

Drilling techniques have improved over the last 30 years.
With the horizontal drilling still to come the flow rates could well be higher than historic peaks.

TO-14 with it being so close to TO-4 could well flow around 5,000 to 10,000 bopd.

[kemche] 28/12/2023 13:59

Pharmacal and Leni the background buyers.

[smackeraim] 28/12/2023 13:27

Going good guns now. Well done all holders. Poor dead duck .. whatabout this whatabout that lol

[firestarter1] 28/12/2023 13:19

Align now dumping be very cqreufl

[dicko80] 28/12/2023 13:11

Back to 1.5p on the chart then 2p