Member Info for Dicko80

The problem is the mislead info on stating the asset is worth hundred of million of dollars, yet they cant get a partner for 50% of said value to just fund 2 wells

the pump is irrelevant

Still waiting on the farm out ?

such a high NPV yet can't get 2 wells farmed out for 50%..

why

Small buy now at 0.477p, looks like 3m @ 0.48p took out the stock available

You may be happy Tom, but those in at a higher price won't be

Sp has lost 40%

I'm not currently invested

Thanks CDF1

new board now at CRCL.. makes a refreshing change when the casino of AIM , funding is a premium of 80% to the tune of £10m, mkt cap is only £7m

can buy at 0.46

GLA

Drilling won't be till H1 2024, i posted as much few weeks back..

expect traders to start offloading

Shocking sp action over last few weeks...

disgusting behaviour...forward selling of those placing shares

Currently drilling an oil well on a historic oil field, estimated to hold 65mmbbls recoverable oil this is licence KON11, we also hold KON 12 & KON 16

BIG potential with over 300mmbbls bet to CRCL

current mkt cap just £7m

AK has committed to £10m funding at 80% premium 0.80p, to create value from these assets

we also have Brazil which is pending expected gas, maybe oil aswell again onshore, probably historic producing fields

overall to get reserves booked and quickly into production, which is expected next year in Angola

Production in Angola will be ramped up with horizontal drilling , we are talking tens of thousands BOPD

so no more dilution ...

huge upside on a discounted net cashflow basis

all for £7m

Im out for now...

i didnt see it being a positive announcement this morning, the BOD should have planned better, why agreeing to the end of September if they didnt have a back of plan is poor

took some CRCL drilling a big oil well 333 feet oil column mkt cap just £7m

GLA

Shes BIG...

through testing do understand the performance of the reservoir for production profiling

I think its c24mmbbls so at 25% that 6mmbbls net to TRP

In the ground value @ $4, thats $24m mkt cap or c £20m

have a look at Corcel, CRCL. they are currently drilling an appraisal well, with c 11.7mmbbls net up for grabs, mkt cap is just £7m

thats potentially $47m mkt cap vs £7m

news due there this week probably on the oil find

Should be in advanced stages now, testing the well now

Its understanding what slice of the pie will be left for TRP

In the ground values at $4per bbl

Gives us a valuation $45m or £36m

Once confirmed we can book contingent to reserves a d probably valued $10 per bbl with being onshore

Which offers a £90m mkt cap

Currently £7m

Plenty of upside from here

Hopefully seller/s cleared we can start to add in some success

U OK hun ?

It's high grade but only for small amount, each hole 100m

Lenigas 18 Sep '23 - 11:13 - 1296 of 1299

I think a fund raising at the right price is definitely on the cards. But I’m sure Karam wants the price to be a lot higher than it is now. He wants this CRCL at multi hundred million market cap. That’s what he told me last week. Let’s see.

...................

DL over on advfn

80% premium for such a large amount is unheard of

Mktcap isonly £6.5m

Current oil well is worth $100m on success case

Yes decent news today

Amazing 👏