Member Info for mcfcnige

Thanks Ed,

Had a nice weekend thanks.

It was a nice day yesterday, so went for a decent walk.

Surprised to see some Lambs born already, so Spring is on the way:-)

Yes I agree, Extraction must think the shares offer good value, even if the shares went to 3p over the coming months that is only around £50 mil market cap.

Just another quick question, if they did go over the limit and trigger the takeover limit, what would that mean for us?

Thanks Nige

Morning Ed,

Hope you had a good weekend:-)

Great post as usual.

When you say they might drill more wells, is that because they see the potential to get more oil out?

I am intrigued by the Extraction plan of buying up to 99 mil shares at 1.2.

They obviously feel it’s good value for them, hopefully they are feeling that the shares are well under valued?

Thanks Nige

Corcel is very professionally run, I am certain they would have taken expert advice before announcing the arrangement.

I thought it was a very positive announcement for shareholders.

Great post Ed,

Hopefully news soon :-)

Great find Mike

Thanks Ed,

As you say, exciting times for us .

I think you are going to get a lot of questions over the coming weeks:-) :-)

Thanks Nige

Hi Ed,

Great posts.

So do you think the 2 flow rates RNSs could follow each other very quickly?

Hopefully we are in for a busy March? :-)

KON 16 sounds very exciting, what an opportunity for a company our size in an Oil rich country like Angola

Thanks Nige

Thanks Pi,

If we have half decent flow rates, then our £15 mill market cap will look low.

Hopefully we will know over the next few weeks:-)

Thanks PI,

So there share is 21% of 20000 barrels

Am i reading that right?

Thanks Nige

Probably more risk in Columbia too.

I am sure we would get a higher valuation in Angola.

Maybe AET is the benchmark to look at?

Not sure what there production is?

Hi Ed,

Message understood lol

Thanks Nige

Hi Ed,

Great post again, sounds very interesting.

When I mentioned DL , I was meaning in regards to Mt Weld really, I think he had some involvement in bringing the asset to Corcel, I just wondered whether he might help with any future Aussie projects?

It’s going to be interesting, how it all shapes up over the next month or so.

Exciting times for sure:-)

Thanks Nige

Thanks Ed,

Great post.

I must admit I didn’t see copper mentioned on the presentation, so thanks for pointing that out.

It appears that AK has a very good relationship with Dave Lenigas, so maybe he will help with that alongside Yan.

Maybe the idea would be to sell any mining asset to IBM after initial discovery, as at that point capital will be needed to develop any potential asset.

Hopefully we will hear more of there plans in the coming weeks?

Thanks Nige

Thanks Ed,

I wonder what’s planned on the Rare Earths side?

The Canegrass and Mt Weld projects still feature prominently on the new presentation.

TBH I thought these would be wound down with so much going on in Angola but obviously these projects are still in there thoughts?

Thanks Nige

Looking at the presentation again, it looks like March could be a busy month?

Flow testing from 2 wells

Possible results from Canegrass

Possible results from Mt Weld

Maybe even news on Mambare sale

Let’s hope the sp pushes on :-)

Great post SJ.

I fully agree , great analysis from Ed.

As SJ says you always put the time aside to explain this technical stuff to us.

If it wasn’t for Ed, I wouldn’t have a clue what this stuff means.

Your work and time on here is very much appreciated.

It sounds like an exciting year for us all.

Thanks Nige

Great post Ed,

As you say AK is certainly not hanging around, it sounds like he wants to get to those targets as soon as possible.

I also noticed at the bottom of the presentation, two new additions to the technical team.

Both highly qualified with vast experience in the Angolan Oil industry.

The team already has a mid cap look about it , it looks like AK has very high ambitions for Corcel and it’s very exciting.

Thanks Nige

Afternoon Ed,

Hope you are well, great posts today.

Do you think there is the possibility that the flow rates could be better than thought and increase the numbers on the presentation?

Or have they worked this out on the expected figures?

Thanks Nige

Hello all,

Just wondered, if the well flow testing is successful how would it cost to get the EPS in place?

Obviously the costs would be shared amongst all parties in the project.

Good find JD, thanks for sharing.

Would you mind if I post the link on the Telegram group?

Thanks Nige