Corcel Share Discussion Threads

[thenorseman2] 30/12/2023 18:03

MarkCouldn't agree more :)

[z1co] 30/12/2023 10:44

Expect a massive breakout very soon!

[z1co] 30/12/2023 09:24

The CV's are certainly very impressive;

Ms Geraldine Geraldo, the Company's MD Angola and Chief Commercial Officer, joins the Board with immediate effect as an Executive Director. Ms. Geraldo brings with her a legal and business development background, with over 15 years of experience in the oil and gas sector. Ms. Geraldo has held multiple positions with Chevron in the USA and in Angola, and is also an entrepreneur and the founder of multiple businesses.

Mr. Pradeep Kabra, joins the Company with immediate effect as a Non-Executive Director. Mr. Kabra brings over 35 years of oil and gas experience in nearly all facets of the upstream oil and gas sector. Mr. Kabra currently serves as the MD of Ojas Consulting SA, based in Geneva, providing oil and gas technical, strategic, financial and investment banking services across Asia, Africa and the Middle East. Previously he was the CEO and Director of ShaMaran Petroleum Corporation, listed on the Nasdaq and several other markets, which conducted oil exploration and development helping open up the Kurdistan region of Iraq. Prior to this he held various positions in the industry with Addax Petroleum, Petro Canada and Lundin Oil.

Mr. Andrew Fairclough, joins the Company with immediate effect as an Independent Non-Executive Director. Mr. Fairclough brings over 28 years of finance and oil and gas experience, including most recently being the CFO of Serinus Energy plc, an AIM and WSE listed oil and gas production company with assets in Tunisia and Romania and prior to that CFO of Whalsay Energy Limited, a UKCS oil and gas appraisal and development company. Prior to this Mr. Fairclough was an investment banker with extensive experience in M&A and capital markets, predominantly at Flemings, Rothschild and Merrill Lynch.

Subject to completion of regulatory checks, Ms. Jennifer Ayers, the Company's Chief Technical Officer, will join the board in due course. Ms. Ayers has over 25 years of experience in the oil and gas sector, having trained as a geologist, and then held senior positions at CNOOC, Chevron and TotalEnergies, having also spent time at Netherland, Sewell & Associates focusing on audit reserve bookings. Ms. Ayers will join the Board as the Chief Technical Officer, and currently serves as a consultant until due diligence is completed.

Subject to completion of regulatory checks, Mr. Deepak Kohli, a Non-Executive Director, will join the Board in due course as a Non-Executive. Mr. Kohli is the CEO of Faber Capital, based in Dubai, which is active in M&A advisory, capital restructuring, capital raising and asset management in the oil and gas and other sectors. Prior to this Mr. Kohli served as the Global Head of Debt Capital Markets at Standard Chartered Bank. He brings deep experience in corporate finance and capital markets, and a background in audit and accounting.

[z1co] 30/12/2023 09:17

Board changes

Corcel has recently announced the appointment of Geraldine Geraldo, Pradeep Kabra and Andrew Fairclough to its board. It also plans to appoint Jennifer Ayers and Deepak Kohli to the board.

This, the company said, represents Corcel’s shift towards oil and gas, and particularly onshore work in Angola.

Chairman Karam said the “revised board will have the deep executive and oil and gas technical and advisory experience required to drive Corcel to its next level of development, building on the work we have already done to reshape the portfolio and commence our operations in Angola”.

[mark10101] 30/12/2023 09:15

Exactly H, the board has been bolstered in time to give credibility to our bid. AK has stumped up the cash needed to bolster our finances in time for the bid. They have kept flow rates back on both TO-13 and 14 prior to the bid closing. Geographically it is close to our current operations so a good block for us to win. I believe it is announced the 15th January.

[z1co] 30/12/2023 09:15

Thanks HPotter.

[hpotter] 30/12/2023 08:31

There's a well written summary of Corcel's Angolan prospects in today's Energy Voice, which summarises the last few RNSs. Probably written by Corcel and fed to Energy Voice.
A couple of points I'd missed are that the Angolan Onshore License round ends tomorrow, 31/12/23, and that KON-15, which is close to KON-11, is available.
The CV's of the incoming Directors are also quite impressive.

[z1co] 29/12/2023 16:48

Very exciting times for the holders , looking forward to the testing.

TO-14,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] 29/12/2023 16:43

There was so many positives in the rns yesterday.

The data indicate that these zones contain movable oil throughout the reservoir.

Another positive:

TO-14 drilling encountered high fractured Oolitic Limestones in the reservoir with good porosity values. Initial pressure readings support Corcel's predrill thesis that the reservoir has returned to its original pressure levels through active recharge of the system.

[z1co] 29/12/2023 16:27

Nice buying just before the close.

1,000,000 buy @ 0.6975p
1,000,000 buy @ 0.6980p
2,000,000 buy @ 0.6999p

There was a 1,431,771 buy @ 0.6976p from 11.59.

[z1co] 29/12/2023 16:26

JAS2022

Don't be a bellend.

You've been showing your true colours on the VAST and COPL thread and now you've decided to let us all know how idiotic you really are on this forum.

WOW i'm really impressed.

Kindly f#ck off back to the other threads.

Thanks.

[steveberyl] 29/12/2023 12:11

Flow test was always going to be the time when Rocket Boosters are fitted and Price Soars.

Happy New year to all.

[jas2022] 29/12/2023 12:03

But in reality it will be the complete opposite of 1000pc up no doubt 90pc down this time next year you ramping muppet

[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.