Member Info for mcfcnige

Morning Ed,

It sounds very promising and hopefully drilling news soon which will reveal all.

In the recent report AK mentioned looking at “ additional opportunities “

Do you think it could be blocks on that PDF?

Thanks Nige

Sans, what was your user name on TG, maybe we could try that way?

Have you tried telegram.org

Then search for corcel ?

Hi Sans, I have put a message on there for you.

I saw your message last night but I don’t know how to post the link.

I just downloaded the app and searched for Corcel

Thanks Nige

Hi Ed,

You are welcome, I thought it would be right up your street lol.

Special thanks to the poster on the TG group for sharing the doc.

Morning Ed.

One of the posters on the TG group has very kindly shared a link to a Sonangol presentation discussing available blocks in Angola.

I think you will find it interesting

https://s3.amazonaws.com/rgi-documents/3e1fb5821ed133be31d62e01dc976c33f411cb62.pdf

Hi Ed,

Great post, thank you.

TBH I did wonder why they were looking at Brazil when they have a lot going on in Angola?

If they diversify into other countries, then surely costs will rise and additional tech staff will be needed?

There again who knows what may happen with AK at the helm, if an asset offered is going to enhance the market cap then you never know?

there is certainly a lot going on and I think the company will look totally different in a few months.

Thanks Nige

Morning Ed,

Do you think the company are still considering Brazil?

There was a big thing made about it at the start of the year in company interviews etc but we have had very little info since?

Thanks Nige

Someone has sold 10 mill shares straight on the market, they must be in a hurry?

Hi Ed,

In the results statement AK hinted at a number of announcements before year end.

There isn’t long left, so we could be in for a busy 10 days or so as I can’t see them releasing news between Christmas and and new year:-)

Thanks Nige

Thanks Calder, welcome to the board.

Yeah £8 mill market cap is barmy, hopefully things are starting to change.

Been reading the results statement again.

This is in the first paragraph

“ the Company is making aggressive strides towards achieving its mid-term hydrocarbon production goals.“

Do we know what time period “ mid term” is and what the production goals are ?

Good to see you here Norse.

In addition to this the Chairman said recently,the company may negotiate directly with the Govt for blocks and existing producing assets .

Crikey can you imagine that Mike, that would be totally amazing .

AK is a winner, he will build a fantastic company.

The AET Sonangol production transaction completed today, there market cap is now £70 mill plus, although they do have some debt.

Hopefully at some point we will have a similar market cap when we start producing from our own wells and then maybe buy some production assets too? :-)

Does anyone know if anything was said at the AGM?

Thanks Ed,

Brazil sounds like a similar strategy to Angola, where we are looking to obtain mature assets from a big operator in the country.

Let’s see what happens, the new presentation when released should be very interesting.

Thanks Nige

Hi Ed,

Yeah hopefully things will kick on after today’s meeting.

The Brazil thing intrigues me as they have given much details yet.

Hopefully it will come with some kind of production to bring in some regular cash flow?

I know of any other small AIM companies that operate in Brazil, so will be interesting to see how the market reacts if we do complete on a project there?

MW has been very quiet too, a good result here would surely increase our value.

Thanks Nige

Hi Ed,

No I cannot go, taken the wife to Christmas market in Hamburg:-)

Thanks Ed,

Are you going tomorrow ?