Corcel Share Discussion Threads

[kemche] 25/3/2024 13:30

Sandcrab, don't forget the HNW individuals and Sovereign Wealth Funds!

[kemche] 25/3/2024 10:46

Brazil next.
GLA LTHers!

[kemche] 21/3/2024 19:32

Agreed. Could we have yet another gusher on our hands?

[tigin] 21/3/2024 19:29

Well a whiff of air anyway ...whatever about oil ... but let's hope news in the coming days ...GLA

[aberloon2] 21/3/2024 16:01

Seems to be a bit of excitement just now, is there a whiff of oil?

[kemche] 18/3/2024 15:54

Pharmacal the background buyer. Along with Leni.

NT to buy.

[dead duck resources] 18/3/2024 14:53

Canegrass exploration RNS an important reminder of the ragbag jumble of projects here.

[highly geared] 14/3/2024 18:38

I'm expecting the first flow test results next week or early week after.

[smackeraim] 06/3/2024 11:25

it's clickable on phone app, just does weird things on desktop

[chinahere] 06/3/2024 11:03

Thanks. Make it clickable by making the HTTP capitals:

[smackeraim] 06/3/2024 11:01

https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/030524-interview-agile-angola-focused-corcel-on-track-for-first-oil-in-q4

[talais] 06/3/2024 06:32

Houston , USA March 19th5 Mar 2024 19:56Courtesy of Vipasanna https://venturesafrica.com/apostories/connecting-united-states-investors-to-angola-angola-oil-gas-2024-to-host-networking-event-in-houston/ Energy company Corcel revealed positive drilling results at KON-11 in the Kwanza Basin in December 2023, indicating the strong return of onshore oil production in the country. Just the year before, US-based ExxonMobil made a discovery in the Bavuza South-1 well in Block 15, offshore Angola. To invite regular investment in Angola's oil and gas basins and unlock fresh new finds, the ANPG launched a six-year licensing round in 2019. The success of this multi-year strategy is seen through the growing interest in the licensing rounds themselves, with 53 bids submitted for the recent 12-block tender alone. We have a great mention in the article. If the Americans like what they hear on the 19th ? Boom ! lol

[highly geared] 02/3/2024 18:30

I’d like to think 1.5p-3p share price for CRCL depending on combined TO13/14 flow rates.

[dcarn] 02/3/2024 18:04

You can add another 390bopd to that.

[talais] 02/3/2024 15:09

3200bopd reported in January

[talais] 02/3/2024 15:02

As of q3 they where producing 2400 bopd,

[highly geared] 02/3/2024 13:29

Reckon about 2 weeks for TO14 test results then TO13 by mid April. The next 6 weeks may be transformational.

Lots of hypothetical valuation scenarios and considering historical results. I’m quietly confident of a 2000-4000BOPD net to CRCL range.

Reading across to another oiler AXL, their market cap is £65m and at around 4000BOPD so multiple upside here if we come in at the top end and hopefully 2x even at the lower end . A more direct comparison is AET, market cap £85m for c. 7000BOPD net allocation. The valuation will likely increase when their Azule transaction closes. That’s c. £14m for every thousand BOPD. Debt to consider but gives a steer around what good testing results will do for the share price.

[talais] 01/3/2024 13:25

https://www.adomonline.com/angola-oil-gas-2024-launches-in-luanda/

[talais] 01/3/2024 08:20

Top of leaderboard, will attract some interest,

[talais] 01/3/2024 07:47

Good morning,New here, what would be a realistic flow rate from theses wells to put this company in a positive cash position, With a 20% interest if we get near a low rate around 400 bopd to crcl that's only 1000bopd from each well, would be a nice income, I know that theses wells have historically been near 10,000 bopd,Anywhere near that and it will be very interesting,

[chinahere] 29/2/2024 23:19

I've done a search but didn't come up with much. Do we know how much money Extraction Srl have available? Are they able to to fund Corcel easily or not?

[kemche] 29/2/2024 22:26

If it walks like a duck.....