Member Info for Dicko80

3 licence areas , as many wells as you wish dependent to financing

Reading the spud RNS it reads on a success case further well/s

Then if you refer to the July presentation on the work programme table,drilling is mid Q3 to the end of Q4, taking that as it reads is 4.5months and that would take as multiple wells on KON11 with reservoir only at 700m,quick to drill

The tweet was awesome but I have to agree some of that could been in an update via the formal channels

If they tweet saying updates to roll next week, they need to stick to timeliness

The current mkt cap is £6.5m

Corcels estimated contingent resource in this drill for KON11 is 11.7mmbbls

6.5 / 11.7 = $0.56 per barrell

Probably worth $9 or $10 per barrell on a success case when they can be booked from contingent to reserves

Yes kon 11 & 12 have proven oil fields within the licence area

11 - is the tobias field , which a well is currently being drilled through the known reservoir at 700m

Map on website on link below, click on map,key tells you the oil fields and leads

https://www.corcelplc.com/project/onshore-kwanza-basin/

Large round prints will be theirs, 5m has been the common parcel size

the sp hit mid 0.5's before the offloading commenced

so without large sellers (always going to be sellers or sorts)

the sp will head higher especially as its not been allowed to price in any success due to the seller, so has some catching up to do..

Yes huntsman had 50m issued @ .4p

I thought 50% were sold prior today, 50% of 50 is 25m, so 22m is there abouts

So seller and overhang clear

Sp rises

Simple really

Smkr

I would say the seller is cleared with that 15m delayed print with then price action moved quickly when buys came in , suggesting overhang cleared

Don't panic !!

Who's selling now ??

Morning Mike

Sp has dropped 30% in just few days

The delayed prints show the large parcels being sold

Smart, i ain't no basher been here some time

Smkr

clearly we have witnessed heavy selling, sp has dropped 30% from intraday high earlier in the week

your call if you choose to ignore this...

but options are

a) placing - forward selling

b) holder derisking

c) duster - insider sell off

if no RNS at 7am, expect a 4pm duster RNS

sleep well xx

Could be these men,....

"Corcel will now proceed to issue Huntsman Exploration Inc ("HMAN"), 50,000,000 new ordinary shares ("Acquisition Shares") at the previously agreed issue price of £0.004 equating to £200,000 consideration in aggregate. The shares will be issued following the Company's upcoming General Meeting, currently scheduled for 26 April 2023 at 1500,"

might have sold 50%, 50% to go

Yes its been happening for days, click on the trades and change the days, 5m blocks, tuesday there were a lot of prints printed after hours

I asked the company several days ago , I followed up yesterday and I got a reply saying it was forwarded to the technical department 🤣

Delayed large sells showing up

would they look to raise for the costs of the well ?

Thanks seamus

Kat, hope your OK hun, you sound stressed , maybe go and strangle a kat , take a load off x

Is done over 100% in a few sessions, in today's markets that's a good profit ,only natural for sellers to take profits and without buyers it will drift down

Supply and demand

It's clearly very difficult to raise capital , we've seen this with the huge discounts in placings announced recently ,TRP a prime example...

So to try and raise c$15m for a micro cap is a huge ask

JA may have to give away more equity to get it going, he always hoped for 50% minimum for TRP but time is a ticking ...

40/60

30/70

25/75

Thanks smkr but that was to buy in for 3 licences and signature bonus

so how are we finding $1.6m for the well?

Have you not done your research ace investor ?

40p warrants extended ,as sales about to start after prolonged period of negotiations with 6 buyers

As per Q&A session theplan is to mine in the rainy season,now they've sorted roads and bridge to handle the traffic, we have a pump to de water pits keep waterlevels low but also they have the option or foresight to plan ahead and accelerate Mining to create larger stockpile ready for sale

Let me know if you need anything else 😘

Thanks investor

One post today , working overtime 😆 🤣

Here's 2nd

Critical Metals plc

@CriticalMetals_

·

2h

Drill Baby Drill!

Diamond drilling to intercept the #copper ore body.

Then we will process the core, log it, send half the core to the lab for analysis, and then insert into the JORC report.

https://twitter.com/CriticalMetals_/status/1701474398987862185

Drilling to firm up JORC resource

Low cost

High grade

4Mt - 12Mt exploration target

Grades upto 30% !!!

Production to ramp up