Corcel Share Discussion Threads

[z1co] 28/2/2024 15:24

If TO-14 flows any where as good as the historic well T0-4 which flowed 12,580 bbls/d peak then the share price will go crazy.

[z1co] 28/2/2024 15:01

Results from the flow testing of TO-14 could be announced at any time

[z1co] 27/2/2024 08:28

Testing had already started when they last updated on the 12/02/2024 , so hopefully news will be released very soon.

[smackeraim] 27/2/2024 08:18

Yes, well presented. Roll on flow test results

[highly geared] 27/2/2024 07:42

Excellent new corporate presentation that points to confirmation of commercial oil with great IRR.

[vipassana] 23/2/2024 18:54

https://africaoilgasreport.com/2024/02/oilpatch-sahara/will-the-current-drilling-on-tobias-oil-field-bring-new-life-to-angolas-onshore-kwanza-basin/

[smackeraim] 23/2/2024 08:12

He's not a seller at least. Let's see the flow rates.. can't be far away now

[smackeraim] 23/2/2024 08:10

He already owns 19% of company, he can't keep converting all this loan or he will go past 30% and need to make an offer for co. My guess is a mix of conversions and holding some loan as a loan.

[chinahere] 23/2/2024 08:02

I hope it means that he will offer a higher conversion price going forward.

[beatme1] 23/2/2024 07:56

So lots of equity to be converted into hares

[dicko80] 23/2/2024 07:54

Just re read the loan notes RNS

It was based on £1m in October and £1m in Jan

So today they’ve confirmed only £1m had been drawn down and speaking with the lender to find out when next monies is coming

Hmmm

[dicko80] 23/2/2024 07:47

Why release this , makes no sense

It’s neither telling us there is a problem with funds or not

Bizarre

[aberloon2] 22/2/2024 15:29

22,000,000 worth £208,000 bought... Very nice...has something seeped to the surface?

[kemche] 21/2/2024 19:20

1400 million barrels still left behind in the Colins. They are all gushers!

[dead duck resources] 21/2/2024 17:02

A unicorn is a large unlisted company so a listed unicorn is a contradiction in terms.

Geraldine Geraldo, MD Angola:
'It is very unique to have a past producing field where you can go in and reactivate'.

Maybe Geraldine hasn't heard of marginal fields but 'common' is a better description.
The typical result 2nd time around is relatively low output, but it does create jobs.
Will CRCL's 20% cost contribution be recouped by its 18% net interest in this field?

[smackeraim] 21/2/2024 09:09

Nicely blue again

[dafad] 20/2/2024 12:06

Unicorn on the Aim Market!
Closing comments

''to make this company an Unicorn on the aim market'x

Unicorns are companies valued at 1 Billion pounds if I am not mistaken!

Link to video

[kemche] 20/2/2024 11:54

Looks like a gusher!

GLA LTHers!

[smackeraim] 20/2/2024 11:35

Just remember.. old operator penetrated 8 metres. CRCL went in 80m ?"The TO-14 well penetrated the entire Binga reservoir section (80m column) with potential pay zones seen in multiple intervals. TO-14, with a total depth of 781m, was drilled in close proximity to TO-4 as an offset well from the best historic producer in the original Tobias field; a well which produced at its historic peak 12,580 bbls/d despite only penetrating the first 8m of the reservoir."

[bmwman3] 20/2/2024 11:34

https://vimeo.com/914560510

[z1co] 20/2/2024 11:26

The share price could easily retest the highs of 1.35p before any news of flows.

[z1co] 20/2/2024 11:20

For those that have bought in recently watch this video of what the analyst thinks about the share price:

[z1co] 20/2/2024 11:11

In January the shares reached a high of 1.35p in anticipation of flow news

[z1co] 20/2/2024 10:58

Thanks sa

Very interesting and factual.

[dannymaz89] 20/2/2024 10:51

https://x.com/theunsophistic2/status/1759890608062112100?s=46&t=4s-AQzZhMmeWz3Ire1AEsA