Corcel Share Discussion Threads

[dead duck resources] 02/1/2024 19:57

Thursday sees 39,285,714 new CRCL shares available to trade, bought last week for 0.21p

Sellable for a 300% profit but exercised (we hope) to simply stare at the certificates

[dicko80] 02/1/2024 19:26

I think they'll also re-enter the old producing wells, sidetrack from the vertical wellbores to drill horizontal wells, these to have multiple branches off to intersect the reservoir to create numerous production lines , 2 or 3 per well

to significantly ramp up production from the historic 7 producing wells as well as the 2 new wells just drilled

#FDP 💥💥💥

[z1co] 02/1/2024 18:20

Flow rates from TO-14 could be as high as the historic well TO-4 but even if it flows just 5,000 bopd the company has a 20% working interest (18% net) which means it will receive 900 bopd.

With the price of crude at around $75/barrel , that's more than $20 million per year from just one well.

This rise is just the beginning , the shares could rerate by more than 10 fold over the next 6 to 12 months.

[kemche] 02/1/2024 17:48

Hi "Richie", Wishing you and all the little Pharmacals a Happy New Year. May 2024 bring you a bounty of SOTPs!

[dicko80] 02/1/2024 17:39

Cracking day 👌

[z1co] 02/1/2024 17:30

Another 1,000,000 @ 0.83p when the price was 0.82p v 0.83p reported after the close.

Volume nearly 70 million.

[richie666] 02/1/2024 17:23

Hi "Kemche"Ill deign to wish u a Happy NY. Merely enjoy watching karma play out...Good game, good game..;-)

[z1co] 02/1/2024 16:47

Re-posting if anyone missed earlier:

[z1co] 02/1/2024 16:38

From the updates so far and the historic wells TO-14 will flow that's for sure.All will be revealed very soon.

Shares closed at the days highs with the bid of 0.85p at the highest.

At least 1p before news of flow testing.

[steveberyl] 02/1/2024 16:33

Not quite, but a good day of consolidation.

[dead duck resources] 02/1/2024 16:27

Will Extractions be selling any of the converted shares or was it just done so they could stare at the share certificate? 🤔

[steveberyl] 02/1/2024 16:24

RNS would be a good NYD gift. Intraday high at the Close? is a great signal

[z1co] 02/1/2024 16:21

Share price closing very strongly, suggest positive news imminent

[z1co] 02/1/2024 15:24

You're most welcome steve.

[z1co] 02/1/2024 15:18

Next update from the company NOT too far away.

[dicko80] 02/1/2024 14:29

Just checked

2026 10kbopd net to corcel
2027 8kbopd net to corcel

[dicko80] 02/1/2024 14:11

HG

My understanding is Sonagol have a 3 year plan to recover the oil until 2027

So I am very interested to see the FDP, as a flatline ,constant to achieve 65mmbbls extracted over 3 years

Our share would equate to 10kbopd

I have seen figures, with estimated production forecasts

2024 6kbopd net to corcel
2025 12kbopd net to corcel

[z1co] 02/1/2024 14:03

1,000,000 buy at 0.84p ,someone paid 0.01p extra.

MM's don't have a great deal of shares at the moment

[dicko80] 02/1/2024 14:01

Yup time for next move north

[z1co] 02/1/2024 13:59

Finally the MM's have increased the offer price 0.83p.

[z1co] 02/1/2024 13:46

Has been NT to BUY @ 0.82p for nearly 10 minutes.

[highly geared] 02/1/2024 13:26

Assuming they’re testing multiple zones per well, I’d estimate c4 weeks per well.

The key part of the recent RNS:

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.

I will be surprised if TO14 doesn’t produce at at least similar rates to the original well and if multiple producing zones can be co-mingled, then I’d expect more.

We also have 2 wells and if both produce, then north of 20,000BOPD could be possible.
Our share would value CRCL comfortably north of £50m.

[z1co] 02/1/2024 13:19

MM's are very generous at the moment giving you mid price of 0.81p if you want to sell your shares.

0.81p to sell V 0.8175p to buy

[z1co] 02/1/2024 13:05

Iv'e updated the header with that very bullish analysts video.