Member Info for mcfcnige

Morning Ed,

Hope you had a good weekend.

I thought they sounded very confident with that statement too.

They keep mentioning EPS, so to me that’s a very good sign.

Thanks Nige

No probs Ed,

I am the one stop shop for all Angolan Oil refinery news:-)

Ps. It’s very odd that we keep going down each day.

It feels like it’s distressed selling?

Hi Ed,

Out and about but see if this link works

https://www.greencarcongress.com/2023/10/20231022-lobito.html

Hi Ed,

Yeah that’s what I read.

The new refinery is been built in partnership with the Chinese.

I will see if I can find a link to it later, I don’t think it’s too far away from our assets?

Thanks Nige

Thanks Ed,

I hadn’t thought about Brazil as to be honest, I don’t what they are looking at?

hopefully it’s Oil assets as that would certainly generate investor interest.

I didn’t realise SRSP were in Angola too, with AET also being there, let’s hope the Govt keep some good producing assets for us too:-)

With the recent news of the new refinery , Angola looks place to be :-)

Thanks Nige

Thanks Ed,

Great post.

“ Establishing 2P reserves and production would be a material milestone for CRCL”

Do you think that will follow next year, if all goes to plan ?

It’s going to be exciting watch the company grow from this low base and we are lucky that we have funding sorted.

So no uncertainty with funding whatsoever, as this is what normally hangs over companies of this size

Looking forward to the spud news over the next couple of weeks

Thanks Nige

Thanks Ed,

I was also puzzled at the AET response by the market?

They mentioned 6000bpd, if I have read it correctly but only 60 mill market cap.

Makes you wonder what these companies need to do, to get noticed?

Thanks Nige

Thanks Ed,

The bit below you wrote

“ they were also able to tell there were multiple intervals with potentially productive zones “

Does that mean mini reservoirs, where extraction can be targeted in addition to the main zones?

Thanks Nige

Thanks Ed,

As you know I don’t have the tech knowledge but it was even very obvious to me that they were very happy with the results, with the swift move on to the next well and the EPS line.

I don’t think a huge company like Sonangol would mess about if they were undecided with the results of a drill.

The market cap is £7mill now, so the buyers will be back any day now .

Mambare sale is £4mill on its own, so with all the other bits and pieces on the mining side, these Angola assets seem to be more or less free?

I think we just need to let all this petty selling play out and then hopefully we will be on our next leg up.

Thanks Nige

Thanks Ed,

Great post as always.

It’s interesting that they are drilling this 2nd well straight away.

They must be happy with what they found down there, on to the next one no messing about.

Hopefully we will get a more detailed spud RNS this time with explanation of the prospects targeted.

Makes you wonder why some are selling with another drill imminent?

Thanks Nige

It’s not worrying at all.

The negative crowd pounced like a bunch of uncontrollable hyenas at the fact that a major investor shaved a small part of his position.

They said he was selling all his shares, selling his warrants, selling his cat :-)

He has simply put that nonsense to bed with that post and clarified his position.

All the people who panicked must be kicking themselves.

I just want to say a big thank you to the people writing negative posts over recent days :-)

You gave the real investors an unbelievable opportunity to top up at prices that I thought we would never see again.

Thank you, from the bottom of my heart

Hi Mike, those derampers did us a big favour.:-)

Thanks Ed, great post.

Sentiment is poor at the moment here but these are great prices to buy in at.

Thanks Nige

Morning B,

Quick question, are you keeping your shares or selling?

Thanks Ed,

Another question, if that’s okay:-)

The location for this 2nd well, would that have been pre planned or will it have been selected based on the drill just finished?

A number of people seem to be hung up as to how long the drill took?

You explained this at the time saying it was to avoid human error and I don’t think the RNS actually said what date they finished in any case.

All that matters to me is the result, which mentions EPS and more oil than thought and more wells:-)

Thanks Nige

Thanks Ed,

Great posts, yeah maybe some technical help for Brazil too when we get going on that.

It seems lots of things going on in the background.

Sp is a bit crazy, much lower than before the drill result.

Hopefully things will pick up over the coming weeks?

Thanks Nige

I don’t know, it’s weird isn’t it.

I have a lot of confidence here, this is going to do really well.

Thanks Ed,

Great post.

Lots of news due here , as you say.

New well spud

Brazil

Updates on KON 13

New blocks onshore and offshore

Investors Christmas party :-)

Apart from that, I am sure we may hear of the team being built by AK?

With all the onshore and offshore production assets being planned for the near future, he is going to need a much bigger technical team.

He mentioned in the interview that they may negotiate directly with the govt on production assets.

Maybe cash flow will be much quicker than we thought?

What are your thoughts on this ?

Thanks Nige

Good posts Jonny, I hope you are here for the long haul?

this is a fantastic opportunity even on a 6-12 mth view.