Member Info for mcfcnige

I heard he lost at Chess, knocked the board over and went home to his mum :-)

The only spiv here is you , spreading lies and deceit on this board.

Every post you have written about Align, just isn’t true apart from the fact that he sold some share’s on Friday.

I would hate to be an investor in any other companies that you hold, as you behave like a spoilt brat when someone decides to sell some :-) :-)

Yeah £4 mill Jonny, the market cap is only £8mill.

So basically the Angolan assets for £4mill

No it’s not a typo :-)

Chess master ,

You officially written the worst post of the day.

A big holder sells a portion of his holding and you spin it as though he is going to sell the lot?

He simply sold some low price shares that he bought ( nothing wrong with that) and has stated he isn’t selling any more until the sp is much higher.

Hi Ed,

Maybe you should change your username to Hedgin ? :-) :-)

To be honest, when I read the RNS I thought the same.

Going straight to the next well without testing was a show of confidence and it’s going to be exciting to hear the updates over the next couple of months.

Some selling today, not sure why but they are going to regret it :-)

Thanks Nige

Hi Ed,

Hope you had a good weekend, have you started cutting those hedges yet in the garden? :-)

I thought the update on Friday was amazing, I have no tech knowledge as you know when an RNS mentions the bits below, you can’t help but get excited

Early production system

Next well spud mid November

Potentially more oil in place

All this was far more than I hoped for and was a great start for the drill campaign.

I think we will get news on other fronts over the coming weeks, so an exciting time to be invested in Corcel.

Thanks Nige

“ rapid drive value creation “ sounds very good to me.

Any negative spin you are trying to put on it, just isn’t there :-)

RL, you were in the old company under JP where was saw a declining sp.

It’s a new company now and the funding is explained here :-)

Antoine Karam, Executive Chairman, commented: "This funding, offered by Extraction Srl and approved by the Corcel Board, will enable the Company to more rapidly drive value creation for shareholders and, equally importantly, is demonstrative of the changes occurring in the business both operationally in Angola and financially in the nature of the funding being utilised. With this instrument in place, the Company now has a cost-effective long-term facility it can access without having to consider more dilutive and expensive sources of capital on offer. With this facility now available to help accelerate our activities, we now await initial results from the drilling of our first oil well in the Kwanza Basin, Angola."

Antoine Karam, Executive Chairman, commented : "This funding, offered by Extraction Srl and approved by the Corcel Board, will enable the Company to more rapidly drive value creation for shareholders and, equally importantly, is demonstrative of the changes occurring in the business both operationally in Angola and financially in the nature of the funding being utilised. With this instrument in place, the Company now has a cost-effective long-term facility it can access without having to consider more dilutive and expensive sources of capital on offer. With this facility now available to help accelerate our activities, we now await initial results from the drilling of our first oil well in the Kwanza Basin, Angola ."

Great post and reminder of what is happening

All you have to do is read the statement from the Chairman at the bottom of the page

That tells you everything you need to see where the company is going.

In addition there are getting £4 mill from sale of Mambare:-)

Any true investor would be focused on the company announcement and how encouraging it was for a company of our size ,rather comb through posts looking at who has sold some.

If you hold shares here, you should jumping up and down at yesterday’s news.

If you are not happy, you obviously don’t hold and just looking to cause mischief?

Chess, you are talking rubbish.

If someone had the type of plan you mention, then surely the messages would be have been put on LSE or Twitter, a platform with a much larger audience?

You are hardly going to get mass buying to manipulate the price from a small Telegram group with about a dozen people who bother to post on there .

Get a grip.

Chess master,

You know what you are saying is total rubbish, so why post it?

The person you are referring too had a very large position, he simply sold a portion to derisk his position.

This is probably a question for Ed but I think they are hoping for more based on modern drilling techniques.

The prev output was in the 1990s, so technicals have advanced quite a bit.

RL, if you get to buy at that level, you will be very lucky

Art , you are talking rubbish and I don’t know why you keep banging on about it..

Directors own a big portion already

Hi Ed,

Spot on as usual.

We are lucky to have such a professional outfit as the operator.

A huge company like that are not going to mess around on a piddley drill with little payback.

They know what’s down there and they want to get it out.

Will this second phase include the horizontal drilling?

Or is that yet to come?

Thanks Nige

Thanks Ed,

You mentioned in your posts over the last few weeks that they were drilling slowly to reduce human error.

That has been confirmed today and it shows what an excellent strategy it was too take.

The future looks very exciting:-)

Thanks Nige

Thanks Ed,

Very well explained.

This also explains why the drill was taking longer than thought.

It feels that there is much more news to come?

I think they may have released this news as investors were getting impatient but also let investors know that the results so far are excellent and they are working on enhancing them even further:-)

Thanks as always for a great post.

Nige