Corcel Share Discussion Threads

[dead duck resources] 05/1/2024 11:19

when u look yourself in the mirror this eve (& each subsequent ones) recall what a tiny lil coward u are when u cosy up to you partner

To cosy up while looking at yourself, presumably the mirror is on the bedroom ceiling?

[kemche] 05/1/2024 11:07

richie666 to me 03 Jan 2024 21:12:13
Hi "Kemche"

Do u fancy meeting with me? U must surely want to meet you nemesis given the abject hatred u have of me?

If u have the "balls" I'll donate a grand to a charidee of your choosing.

If u decline to meet, when u look yourself in the mirror this eve (& each subsequent ones) recall what a tiny lil coward u are when u cosy upto you partner...

Pharmacal.







The love that dare not speak its name. I'm touched! (metaphorically of course!)

[mark10101] 04/1/2024 10:30

We are still in stealth mode imho, loving the rise to this point. So much news stacking up.

[smackeraim] 04/1/2024 10:13

Still looks strong. I suppose once these flow results are out, the speculation can begin for production and looking at KON 16 .. the block people don't seem to realise we have.

[dicko80] 04/1/2024 08:58

flow baby flow

[dicko80] 04/1/2024 08:53

0.90 going...

[z1co] 04/1/2024 08:52

Recovering strongly

[dicko80] 04/1/2024 08:25

Back up to .90p to buy

[dicko80] 03/1/2024 19:15

t.me/
CorcelPLC

No gaps

[henley2] 03/1/2024 19:07

Does anyone have the link to the Telegram group?

[dicko80] 03/1/2024 17:11

Agree Steve, we've had intraday RNS before ,with a bit of luck, I think this could be life changing 🤞

Rumours on telegram testing has started so may get an update tomorrow

[steveberyl] 03/1/2024 16:08

5-7% Traders all over this. Risky business should a Positive RNS surface with Flow test results. I expect a few diving back in each day, late on, before the bell. Not for me, too busy, buy and hold.

[dicko80] 03/1/2024 12:03

Good post Lexion

Net backs we are not sure but we know the field qualifies for better fiscal terms , reduction in tax etc

I would expect v good payback with high flow rates also

[lexion] 03/1/2024 11:48

My thoughts- I'm hopeful we can reach 3000 bopd net to CRCL from the first 2 wells No one has talked yet about net backs but let's assume $45 So 3000 x 45 x365 gives $49m a year On a multiple of 3 we should be trading at a market cap of $147m or 10x from here Simplistic I know but gives an indication of where we are heading GLA

[z1co] 03/1/2024 10:15

Of very significance is that the historic well TO-4 produced 12,580 bopd (peak) despite only penetrating the first 8m of the reservoir.

TO-14 has multiple pay zones in the 80m oil column.

The big question remains how much will TO-14 flow and from which zone ?

[dicko80] 03/1/2024 09:54

Agreed 👍

If you watch this video from early Sept, looks like production facilities are already in place

Remember to translate into English using CC

[z1co] 03/1/2024 09:07

The shares are likely multi bag when TO-14 is flow tested.

The well has been drilled in close proximity to the historic well TO-4 which produced at it's peak 12,580 bopd.

[dicko80] 03/1/2024 08:18

Not sure if the lithium and REM are part of the business plan so will be interesting to see if these are sold on

[steveberyl] 03/1/2024 07:58

Chinese are conspicuous buyers of any Lithium discoveries. Seems to be a buying war developing between East & West

[dicko80] 03/1/2024 07:48

Mkt cap £14m

Net contingent resources 11.7mmbbls

Priced at just £1.20per bbl

Should be between $3 -6 per bbl,
in the ground $3,
on discovery $6 per bbl
Flowtest $10 perbbl

Production expected Q2 so quick turnaround and value needs to increase significantly

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

Asset sales due covers £6m

REM update also pending

Lithium update pending

BRAZIL Opps under review for sometime

Angola exploration upside 300mmbbls +

Angola tenders submitted for additional licences

So much going on 💥🗯💥🗯8165;

[z1co] 02/1/2024 21:25

Towards the close buying was restricted to just 500,000 @ full offer of 0.87p , it means a strong start to the session tomorrow with or without news.

Shares are likely to continue to rise higher in advance of further news.