Corcel Share Discussion Threads

[smackeraim] 09/2/2024 19:48

Can't be far off now D. Been a long game of patience but will pay off.. (already has but you know what I mean)

[dicko80] 09/2/2024 07:38

Nice delayed buy print showing now from yesterday


Recent Share Trades for Corcel (CRCL)

15:18:24 0.99 1,525,000 Unknown*15.10k

News next week - well we wait on Mambare sale , Angola testing , also news at some point on REM its been some time, surely must be due

FOMO Friday

[dicko80] 08/2/2024 12:57

Well said Ed

And buy some stock whilst your at Rock

[edgein] 08/2/2024 11:40

Tigin/RL,

Rather than just bleat like a little girl, perhaps feel free to post about CRCL at some time too.

Regards,
Ed.

[dicko80] 08/2/2024 09:35

🤣🤣🤣🤣9315;🤣

Best Post you've done that Rock

To stop myself from repeating myself , it doesn't take long to test something that isn't flowing, I won't say anymore than that, as I have already repeated what we have and wouldn't want to upset you

But just for Clarity

Multiple zones
80m oil column T14
120m oil column T13

Big oil column and numerous intervals will take some time especially if the pressure is back to the original T04 that flowed 12580bopd from just 8m reservoir

As you say news will come when it comes

GL to you also

[dicko80] 07/2/2024 19:32

thanks for your lovely kind words tigin/Rocklawn 😘

[dicko80] 07/2/2024 09:29

She looks ready for a move north

Last chance to buy sub 1p

[dicko80] 07/2/2024 08:15

FDP

6 weeks of testing

Be good to get the flow rates but more so the details of the FDP

With 7 historic producing wells, 2 new wells,the opportunity to quickly ramp up production is significant

I know Sonagol have stated a 3 year development to drain the reservoir across the Tobias field which we believe is c65mmbbls recoverable

CRCL have a golden opportunity to go from a business that was non cash generating to significant turnover and profit making in a very short space of time

[dicko80] 06/2/2024 10:38

Nice buying opportunity @ .95p

[kemche] 06/2/2024 10:16

Classic treeshake before the production starts at the 2 Colins. Then the big one - the Brazilian Colin!

GLA LTHers!

[dicko80] 06/2/2024 08:19

If you zoom in on the slide with the woman

"2010 Seismic spacing is wide enough for the entire prospects to be missed entirely “

Implies additional prospects offering further exploration upside

[dicko80] 06/2/2024 07:50

Interesting tweet

#CRCL @CorcelPLC technical team were thrilled to join the Onshore #Kwanza Basin Workshop in January 2024.

The aim was to introduce the value proposition of the eFTG project to a broader audience & convey the project's value proposition for future well planning purposes.

[dicko80] 05/2/2024 09:17

Another 3m buy @ 1.04p

[dicko80] 05/2/2024 08:14

Nice 3m buy @ 1.05p

[dicko80] 05/2/2024 08:10

T14 6 weeks of testing

Must be flowing v well

[dicko80] 02/2/2024 08:00

Next week is 6 weeks of testing

T04 produced at peak flow 12580bopd from just 8m

T14 an offset well of T04 has 80m of reservoir potential to test in optimal position on the crest of the structure

The results will be used for FDP and to quickly move into production via an EPS

The FDP may also include the re entry of the historic 7 producing wells to quickly ramp up production as they believe the field has recharged since shut , horizontal drilling and sidetracks have been mentioned in all RNS updates

[dicko80] 01/2/2024 08:43

Is that 2 x 5m buys @ 1.15p

Looks like 5m @ 1.05p cancelled

[dicko80] 01/2/2024 07:39

My guess next week 👍

[aberloon2] 31/1/2024 16:40

Last minute flurry of buys, maybe news tomorrow...

[dicko80] 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."