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CRCL Corcel Plc

0.36
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Corcel Plc LSE:CRCL London Ordinary Share GB00BKM69866 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.36 0.32 0.40 0.36 0.36 0.36 277,054 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Nonmtl Minrls, Ex Fuels 0 -1.26M -0.0008 -4.50 5.76M
Corcel Plc is listed in the Misc Nonmtl Minrls, Ex Fuels sector of the London Stock Exchange with ticker CRCL. The last closing price for Corcel was 0.36p. Over the last year, Corcel shares have traded in a share price range of 0.23p to 1.375p.

Corcel currently has 1,599,528,988 shares in issue. The market capitalisation of Corcel is £5.76 million. Corcel has a price to earnings ratio (PE ratio) of -4.50.

Corcel Share Discussion Threads

Showing 5526 to 5549 of 5750 messages
Chat Pages: 230  229  228  227  226  225  224  223  222  221  220  219  Older
DateSubjectAuthorDiscuss
31/1/2024
16:40
Last minute flurry of buys, maybe news tomorrow...
aberloon2
30/1/2024
09:18
Approaching c5weeks testing T014

Let's see the flow and the FDP

dicko80
29/1/2024
09:35
Something to think about...

Once T14 completed and as per July presentation, expectation is for horizontal drilling from the vertical wellbore.

Horizontal drilling will access more of the reservoir , we know the reservoir is upto 120m thick but the area of closure has been mapped to 3400 acres , so if Google is correct this is an area of 3709m x 3709m



Please review the following link ,item C , increase the length of payzone



This will ramp up production, multiple times that of vertical well produces

As per timeframes , first oil is a quick turnaround expected in the next 6 months

Once into production, we will be cash generating !

No more dilution to shareholders

from the current mkt cap there is huge upside to the forecasted aggressive production numbers , the plan looks to quickly drain the reservoir by production from horizontal drilling...

Item B on the below link



Potentially could ramp production multiple times

Forecast for corcel to be producing net 000's bopd

Very cash generative

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

"Something to think about.... 8m vertical well,peak production 12,580bopd....

Horizontal drilling to access thousands of metres of reservoir....what flow rates ?

Something to think about ...

dicko80
29/1/2024
08:28
Something to think about

"The Tobias field constituted 12 historic vertical wells, and Corcel and the operator believe that a revised interpretation of the existing structures along with the application of modern drilling and completion technology, including potentially adding sidetracks or horizontal drilling to the Field Development Plan ("FDP") will lead to a higher Original Oil in Place ("OOIP") figure recognized in the reactivated field and subsequently more producible field resource potential."

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

dicko80
26/1/2024
13:47
Only £18m market cap puts them on a PE of <2!
kemche
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
z1co
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.
kemche
26/1/2024
10:00
Online buying reduced drastically.

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

z1co
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.

kemche
26/1/2024
09:57
Turning nicely. Good to see
smackeraim
26/1/2024
09:53
Early next week :)
z1co
26/1/2024
09:47
Can't be far off for T14 update
dicko80
26/1/2024
09:28
No quote to buy 1,000,000 @ 0.95p
z1co
26/1/2024
09:25
News early next week ???
z1co
25/1/2024
06:38
Good morn "Kemche"I do. Do u? ;-)
richie666
24/1/2024
20:16
I ask again, does anyone know what layering means? Karma Pharmacal?
kemche
24/1/2024
19:50
Nice one S
z1co
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

dead duck resources
24/1/2024
19:14
It says ordinary shares 66m there was 73m in last tr1 .. look further down
smackeraim
Chat Pages: 230  229  228  227  226  225  224  223  222  221  220  219  Older

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