Member Info for Dicko80

Oil seep study

Clement Blaziot posts on LinkedIn

He carried out a satellite oil seep study on Galps block

https://www.linkedin.com/posts/cl%C3%A9ment-blaizot-297192129_namibia-africa-namibia-activity-7046514333035429889-tdIx?utm_source=share&utm_medium=member_android

which has recently confirmed an oil discovery

https://www.offshore-mag.com/regional-reports/africa/article/14303512/galp-finds-more-oil-in-namibias-orange-basin

https://www.linkedin.com/posts/cl%C3%A9ment-blaizot-297192129_namibia-angola-africa-activity-7161736967372685312-WjEy?utm_source=share&utm_medium=member_android

now with him carrying out TRP oil seep study offshore Namibia,

https://www.linkedin.com/posts/cl%C3%A9ment-blaizot-297192129_namibia-africa-energy-activity-7076950945380585472-s_fV?utm_source=share&utm_medium=member_android

with clear results, highlighting the oil seeps clustered right above on top of the structures in our licence area

Understanding the Active Petroleum System in the northern Walvis Basin

https://www.linkedin.com/pulse/understanding-active-petroleum-system-northern-walvis-rushworth-qp7ye?utm_source=share&utm_medium=member_android&utm_campaign=share_via

Big big structures

Multi Billion bbls potential prospects

Gas chimneys

DHI's

https://youtu.be/9l1RyD5Sjqo?si=Mx9-Vcn04g2QkFtT

Now oil seeps clearly clustered sat right ontop of the structures

Indicating a working hydrocarbon system

Interest is high ...

Namibia is in play

£2.5m mktcap

SA & Namibia are not distant dreams

Do not under estimate this statement, at the bottom of the licence renewal RNS

"In the meantime, we are also continuing our work on the evaluation and prioritisation of leads and prospects on our Namibian licence in light of the basin modelling work we recently completed, and we have been discussing the next steps on our South African Algoa-Gamtoos license with our joint venture partner and operator, NewAge. We hope that this will be the first of many positive announcements in 2024."

Just checked the timelines from the July 23 presentation

Page 12

https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.corcelplc.com/wp-content/uploads/2023/07/20230706_CRCL_PPT_FIN.pdf&ved=2ahUKEwicrp6YgaSEAxWw9AIHHdkfB3wQFnoECA4QAQ&usg=AOvVaw30VDHoC44LkXTtZpMcaeOd

Q1 24 looks to be real busy with news flow obviously waiting on testing results but also...

Maiden Brazilian acquisition

Consolidation Angolan assets

Then Q2 first oil from EPS

Just looking back through the videos online , does look like they have EPS in place

This video shows it 3 different times , can see the pipes, storage tanks etc

https://youtu.be/if8Fm0TWgT4?si=rQDvKRXmU0hpgEkA

Thanks affc21

They look happy stood behind the testing pipes

Fingers crossed 🤞

Nice delayed buy print showing now from yesterday

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

Out for now , better short term opportunities

CRCL

GLA

Licence ✔

Drilling delayed June- August ✖

Finance still to sort ✖

Eh whats another 6months

Thanks for your lovely kind words tigin/Rocklawn 😘

Nice turnaround from the lows, 200%

Agreed

She looks ready to move

Last chance sub 1p

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

Thanks

So they are implying additional prospects have been missed, presenting further exploration upside

Nice

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

Hi luke, Where's this from ?

And another 3m buy @ 1.04p

Nice start 👌

T14 must be flowing v well

6 weeks of testing

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

Is that 2 x 5m buys @ 1.15p

Looks like 5m @ 1.05p cancelled

Any day Rodders