Corcel Share Discussion Threads

[dicko80] 29/1/2024 07:58

Something to think about

T04- 8m reservoir peak production 12,580bopd from vertical well

T14 - 80m reservoir to test

[kemche] 26/1/2024 13:47

Only £18m market cap puts them on a PE of <2!

[z1co] 26/1/2024 11:42

The shares are up by 30% , is market trying to tell us that it will be GOOD news regarding the flow rates from TO-14 ?.

:)

[z1co] 26/1/2024 11:17

....

Look at other rivals and what they're valued at, AXL, ZPHR, EDR (it may have been bought out now), etc etc. None of those companies that I mention there have assets on the scale of Tobias, its a large field, 3400 acres. So on strong flow rates I'd expect us to perhaps go to £30-50m. If Tobias turns out as large as we hope it will (11.7mmbbls+ net) then we may move towards mid cap (we could be looking at net 20mmbbls+ for the two fields). Tobias and Galinda with modern drilling could get us well on our way, look at AET's cap for example they're now within touching distance of £100m. Tobias and Galinda and perhaps one more discovery, who knows, lets wait and see just how big Tobias is.

[z1co] 26/1/2024 11:13

Some interesting posts from LSE by Ed:


The July '23 presentation on Page 13 does show that seismic is planned from Q1 24 through to Q3 24 and drilling from Q4 '24 into 2025. That is for KON-12. For KON-16 seismic is to start in Q2 this year and continue into 2025 without mention of drilling.

So my take on that is that the short seismic campaign on KON-12 and closely followed by drilling late this year is highly likely to be Galinda. That's probably the pre-drill definition of Galinda. They did mention somewhere about the preparatory work they did on Tobias before the two wells. My guess is this is the similar situation for the Galinda redevelopment. This may change when we get our next updated presentation, which I would imagine will come after the flow rates and the forward plan for Tobias is known. So fingers crossed drilling Galinda around Q4 this year, hopefully by then Tobias will be in production. Two field developments ongoing would make CRCL busy bees and to think these assets were picked up for a snip.

[z1co] 26/1/2024 10:20

Delayed buys being shown as sells by advfn

[kemche] 26/1/2024 10:03

NT to buy unless Pharmacal releases more stock. But I have a feeling he is reticent to do so and miss out on the whoosh!

GLA LTHers!

[kemche] 26/1/2024 10:01

As long as there are investors such as Mark and Awhoabamba I think it is fair to say that you will never go hungry. So that is good.

[z1co] 26/1/2024 10:00

Online buying reduced drastically.

Can't get a quote to buy 250,000 @ 1.00p

[kemche] 26/1/2024 09:58

Morning "PharmaKarma".

Yes I do :)

Good game good game.

It's all about SOTPs at the end of the day. You can ALWAYS rely on them at this end of the market and if it's not you it will be someone else. Do you remember Brainless Hoodlums? They were a proper crew! Malign have simply filled a void.

[smackeraim] 26/1/2024 09:57

Turning nicely. Good to see

[z1co] 26/1/2024 09:53

Early next week :)

[dicko80] 26/1/2024 09:47

Can't be far off for T14 update

[z1co] 26/1/2024 09:28

No quote to buy 1,000,000 @ 0.95p

[z1co] 26/1/2024 09:25

News early next week ???

[richie666] 25/1/2024 06:38

Good morn "Kemche"I do. Do u? ;-)

[kemche] 24/1/2024 20:16

I ask again, does anyone know what layering means? Karma Pharmacal?

[z1co] 24/1/2024 19:50

Nice one S

[dead duck resources] 24/1/2024 19:16

July 19 2023: 80,818,332 shares
Nov 3rd 2023: 73,650,000 shares (below 5% notification)

Jan 2nd 2024: 66,150,000 shares (below 4% notification), notifies next day

CRCL notifies 3 weeks late, a bit lazy. Wonder how many they've sold since

[smackeraim] 24/1/2024 19:14

It says ordinary shares 66m there was 73m in last tr1 .. look further down

[z1co] 24/1/2024 18:42

A slight reduction by Jennings

[dafad] 24/1/2024 18:19

Rns out tr1
Slight reduction by Jennings

[z1co] 24/1/2024 15:43

Edit not even 10,000 available to buy at 0.95p

[z1co] 24/1/2024 15:40

Buying reduced from 1,000,000 to less than 100,000