Corcel Share Discussion Threads

[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.

[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? 🤔