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CRCL Corcel Plc

0.46
-0.02 (-4.17%)
28 Nov 2023 - Closed
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 Shares Traded Last Trade
  -0.02 -4.17% 0.46 7,901,495 08:48:01
Bid Price Offer Price High Price Low Price Open Price
0.45 0.47 0.48 0.455 0.48
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Nonmtl Minrls, Ex Fuels -2.13M -0.0013 -3.54 7.36M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:01:11 O 60,804 0.455 GBX

Corcel (CRCL) Latest News

Corcel (CRCL) Discussions and Chat

Corcel Forums and Chat

Date Time Title Posts
28/11/202314:22CORCEL: TRILLION DOLLAR NICKEL POTENTIAL IN AUSTRALASIA1,976
03/11/202315:36CORCEL 2021 - The Year of Change1,038
13/11/202113:13Corcel PLC - Battery Metals & Energy Investments 1,958
09/10/202108:36Caracal Energy135

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Corcel (CRCL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:01:120.4660,804276.66O
11:37:500.4659,401270.27O
11:03:140.4750,000234.75O
09:42:280.471360.64O
09:23:540.46166,851767.51O

Corcel (CRCL) Top Chat Posts

Top Posts
Posted at 28/11/2023 08:20 by Corcel Daily Update
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 0.48p.
Corcel currently has 1,599,528,988 shares in issue. The market capitalisation of Corcel is £7,357,833.
Corcel has a price to earnings ratio (PE ratio) of -3.54.
This morning CRCL shares opened at 0.48p
Posted at 22/11/2023 22:57 by premium beeks
In case it disappears.....Corcel plc (previous share consolidations: 100>1 at end of 2019, 20>1 in 2016)Current shares 1,599,528,988 (3.2 trillion shares without share consolidation)Share authority: 170,000,000 for 2023 CLN (£1M)Today's request: 170,000,000 for 2024 CLN (£1M)also requested : 393,632,249 for employee options and bonusesalso requested 1,191,000,000 for 24-26 CLN (£8M) if fully drawnFully diluted: 3,524,161,237 (7.05 trillion shares without share consolidation)-99.99% down from IPO (2p to today's 1/400,000th of a penny old price) Impressive!This share production company has multiplied its shares 26,500 times since listingand that rate is set to accelerate under the new management. To reach 50,000 timesshare dilution CRCL need use only half of their undrawn CLN authority. Tantalising!
Posted at 22/11/2023 22:34 by dead duck resources
Corcel plc (previous share consolidations: 100>1 at end of 2019, 20>1 in 2016)

Current shares 1,599,528,988 (3.2 trillion shares without share consolidation)

Share authority: 170,000,000 for 2023 CLN (£1M)
Today's request: 170,000,000 for 2024 CLN (£1M)
also requested : 393,632,249 for employee options and bonuses
also requested 1,191,000,000 for 24-26 CLN (£8M) if fully drawn

Fully diluted: 3,524,161,237 (7.05 trillion shares without share consolidation)

-99.99% down from IPO (2p to today's 1/400,000th of a penny old price) Impressive!

This share production company has multiplied its shares 26,500 times since listing
and that rate is set to accelerate under the new management. To reach 50,000 times
share dilution CRCL need use only half of their undrawn CLN authority. Tantalising!
Posted at 22/11/2023 20:25 by dead duck resources
General Meeting Notice - Highlights

Assuming no further shares issuance in IBM and full take-up of new shares in IBM as
per the above, this would result in CRCL holding 33.15% in the share capital of IBM.
It is the current intention that any shares received in IBM will be retained by the Company in order to recognise value from the project in the long-term.
The effect of the disposal will be to advance CRCL's transition to oil & gas, while offering shareholders residual exposure to the project via a potential stake in IBM.

- Sounds like we'll be getting IBM shares instead of cash, well done CRCL directors!

Extraction may nominate any third party to be the holder of Loan Notes issued to it.
- Yorkville or Riverfort anybody? Another home run by the directors!
Posted at 07/11/2023 19:34 by z1co
excellent coverage by the arm chair trader:

Will Angola oil strike sustain the Corcel share price?
By Stuart Fieldhouse

6th November 2023

AIM-listed Corcel [LON:CRCL] was getting plenty of love last week as it updated the market on drilling results for its Tobias-13 onshore well in Angola. Corcel stock started last week at 0.42p in London but were trading up at 0.58 Friday lunchtime.

Corcel is an Angolan focused oil and gas company, with a range of appraisal and exploration interests in the region. Corcel’s primary assets are located in the Kwanza Basin, which is currently being reactivated after several decades of underinvestment.

Corcel interest in Angola’s reformed oil and gas sector
The company has a 20% working interest in the KON-11 block in Angola, which is operated by Sonangol, one of the biggest hydrocarbon operators in Angola.

Angola is consistently ranked as one of Africa’s top-four oil-producing countries, alongside Libya, Nigeria and Algeria. Following his election in 2017, Angola’s President João Lourenço has moved quickly to enact regulatory and structural reforms in the oil and gas sector which could benefit the sector in the long run.

Besides the amendment to the Petroleum Activities Law, government reforms included the creation of a new oil & gas regulator, namely the National Agency for Oil, Gas and Biofuels.

ANPG’s creation ended state-owned Sonangol’s multiple roles as regulator, concessionaire and operator in the country’s oil sector.

Further reforms include a decree under Angola’s privatization regulations that provides for the privatization of Sonangol. As part of the country’s four-year privatization program, Angola is planning to divest a 30% stake in Sonangol within the next five years.

“Sonangol̵7;s divestment of non-core companies and assets to focus on oil and to attract foreign investors will likely also increase investor and operator confidence, as will enhancements in governance and transparency generally in the Angolan oil & gas industry,” said Mukhund Dhar, a partner with White & Case, a law firm specialising in the international oil and gas sector.

Highly encouraging initial results for Tobias-13 well
“The initial results of the TO-13 well are an important moment for Corcel and highly encouraging, having successfully demonstrated hydrocarbons across multiple potentially productive zones and multiple intervals,” said Antoine Karam, executive chairman of Corcel.

Karam said TO-13 looks to be the cornerstone development of a future EPS and provides Corcel with line of sight to near-term revenue generation. The testing programme should give Corcel invaluable data on how best to deliver on that goal.

The drilling results for the TO-13 well were positive, with oil shows found throughout the Binga reservoir in alignment with the distribution seen in historic production wells in the Tobias field, confirming the ability to reactivate production in the field. Based on these results, the consortium is proceeding to drill a second well Tobias-14 (TO-14), with a rig move currently underway.

Sonangol have advised Corcel that the Tobias-13 well has penetrated the entire Binga reservoir section, with potential productive zones seen in multiple intervals. The well concluded with a total depth of 958.5m, and was drilled in a downdip location from historic production wells, indicating scope for significant remaining hydrocarbon production potential.

KON-11 is considered a brownfield development and includes the historically producing Tobias field, drilled, and developed by Petrofina in the 1960s and 1970s, and inactive since the late 1990s.

The Tobias field constituted 12 historic vertical wells, and Corcel and Sonangol both believe that revised interpretation of the existing structures along with the application of modern drilling and completion technology – including potentially horizontal drilling – will lead to a higher Original Oil in Place (OOIP) figure in the reactivated field being achieved.

Corcel also retains several additional mining interests, including exposure to nickel, cobalt, rare earth elements and lithium.
Posted at 07/11/2023 09:03 by helpfull
Wibble. Wibble. Wibble.

The share price is falling because of the amount of wibble on here.

Not because of the hundreds of millions of shares being sold.

There are more shares to be sold. Millions and millions.

There are only 5 wibbles in this post. None are being sold.

The mug punter doesn't understand why the share price is falling.

Be careful.
Posted at 06/11/2023 15:53 by helpfull
The real share price is 0.75p today.

MM's hiding all the buys until after the close.

All my top ups today have still to show.

Crazy that I am still able to buy millions below the share price.

Someone has fallen asleep at his desk.

He'll have to bid 3p to get them back off me.

Be careful.
Posted at 03/11/2023 15:36 by smackeraim
https://www.proactiveinvestors.co.uk/companies/news/1031975/corcel-shares-whirl-after-striking-oil-in-angola-1031975.htmlCorcel PLC (LSE:CRCL)'s share price rallied after it confirmed that the Tobias-13 (TO-13) oil well in Angola has significant potential for further production. Its share price rose to a peak of 0.69p on Friday morning, before settling at 0.60p by 09.53 am, slightly above its closing price of 0.59p yesterday. The mining company said it has concluded drilling at the location in onshore Block KON-11 where historic production had previously taken place in the Binga reservoir at a target depth of 958.5 metres. Corcel, which has a 20% interest in the block, said the results "confirm the ability to reactivate production" through an early production system and suggested that there is "significant hydrocarbon potential remaining". Antoine Karam, executive chairman of Corcel, said: "The initial results of the TO-13 well are an important moment for Corcel and highly encouraging, having successfully demonstrated hydrocarbons across multiple potentially productive zones and multiple intervals. "TO-13 looks to cornerstone development of a future EPS and provides Corcel with line of sight to near-term revenue generation, and the testing programme will give us invaluable data on how best to deliver on that goal. We look forward to providing further updates on activities at TO-14 as they progress."
Posted at 02/11/2023 15:58 by smackeraim
Here's the details from May Rns when Apex interest was acquired. Good luck kemche, may the force be with you. :-) Here's the RNS from May when we acquired these blocks from APEX APEX Portfolio Overview: The APEX portfolio is located onshore Angola, and consists of interests in three licences: o KON - 11 Non-Operated - 12 historical wells (20% working interest - 18% net to CRCL) o KON - 12 Non-Operated - 8 historical wells (25% working interest - 22.5% net to CRCL) o KON - 16 Operated - 1 historical well (35% working interest - 31.5% net to CRCL) KON-11 and KON-12 are considered brownfield development opportunities and include the historically producing Tobias and Galinda fields, both drilled and developed in the 1960s and 1970s by Petrofina, with combined historic production over 30 MMbbls. Both licences are operated by Sonangol (the Angolan national oil company). APEX's total reported unproduced contingent oil resources are estimated at: o KON-11 - 65 MMbbls, 11.7 MMbls net to CRCL o KON-12 - 19 MMbbls, 4.28 MMbls net to CRCL All three blocks have significant post and pre-salt prospective resources, both stratigraphic and structural with APEX estimating Prospective Resources of: o Post-salt 456 MMbbls - unrisked P50 (138 MMbo risked), 81.1 MMbls net to CRCL o Pre-salt 1,029 MMbbls - unrisked P50 (223 MMbo risked), 215.9 MMbls net to CRCL Both the Tobias (KON-11) and Galinda (KON-12) fields were discovered and originally developed in the 1960s. Both reservoirs are in the Binga limestone with 4-14% porosity and located at 700m and 1,900m respectively. Peak production at Tobias was approximately 17,500 bbls/d and at Galinda was approximately 2,700 bbls/d. Historic total production, which started in 1960 and ceased in the early '80s, was 29MMbbls and 2.8MMbbls respectively. APEX and Corcel believe that significant recoverable volumes of oil remain in place at both locations and initial plans may include additional seismic work to firm up drill locations, as well as a combination of vertical and horizontal wells. The development plan envisioned for KON-11/12/16 qualify for marginal field fiscal terms, as outlined by the Angolan government, resulting in advantageous royalty, tax and depreciation regimes.
Posted at 06/10/2023 14:48 by mayroad2
we are currently drilling 11.7mmbbls net to the company, although they are hoping to increase the oil in place numbersthere is 3 valuations to look at1) in the ground value, this is used at exploration stage $3 per barrel11.7mmbbls x $3.7 = $43.29m mkt cap / £35mTaken from elsewhere - when you combine this with a low market cap, up to £10m funding at almost double current share price and 0.4p CLNs gone, you can see the possibility of a compelling risk/rewardcurrently £7m mkt cap2) on announcement of discovery$6 per bbl11.7mmbbls x $6 = $70.2m mkt cap / £56mcurrently £7m mkt cap3) successflow flow test$10 per bbl11.7mmbbl x $10 = $117m mkt cap / £93m mkt capcurrently £7mnow we are drilling into a historic oil field, so its not exploration ... more appraisal wellTD est around 850m, thats where the OWC is.based on the timelines to date, one can speculate the well is being drilled and tested before any news (shouldnt take very long to drill to 850m onshore)We are not the operator so our hands are tied, but maybe an update next weekaccording to CRCL website, results in October from this initial wellhttps://www.corcelplc.com/project/onshore-kwanza-basin/Also July presentation, timeline suggest drilling through to year end, we know there are further wells planned, probably horizontal drilling, to ramp up production again referring to timeline, first oil Q2 next yearhttps://www.corcelplc.com/wp-content/uploads/2023/07/20230706_CRCL_PPT_FIN.pdfIn Angola alone, we have c315mmbbls net resources to explorethat's before we here on Brazil, lots of opportunities under review
Posted at 27/9/2023 14:34 by helpfull
I can't understand Corcel.

There are billions of shares and still the share price falls.

I think it they issued more and more shares the share price would rise.

Parsonomics.

Parsons and Scottie used to issue millions of shares to every bozo in Australia who had a bucket of sand to sell. Shareholders are reaping the rewards of all their hard work.

Glorious times.

I'm waiting for the share price to fall further so I can sell into the dip.

Be careful.
Corcel share price data is direct from the London Stock Exchange

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