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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
Hi Art,
As I mentioned not an expert on these things but surely each drill is different and each will have its own set of issues.
On the 2nd drill the company announced at the start the rough time line which was much more than 2 weeks and we came in pretty much bob on.
In regards to flow testing, I have no idea how long this takes but the company has stated “ several weeks “ .
7 days doesn’t sound very long to test a well?
Morning Ed,
Hope you are well.
It seems an odd RNS, it’s written like they are giving us notice of a drawdown in funds?
When they drew down the initial amount on the RNS they didn’t give us notice?
I wonder if the structure of the loan is going to be changed in some way?
Thanks Nige
Thanks Ed,
It would be the icing on the cake to hear that we have positive results from the Canegrass drill.
By the way the video released today is on another level to the usual AIM stuff, they have obviously got some specialist advice on how to get the message across and they have done a fantastic job IMO.
Might seem a daft question but what does the word “ Unicorn “ mean in regards to describing an AIM company?
Thanks Nige
Thanks Ed,
Yeah forgot about Canegrass, maybe that’s the next update?
They are definitely doing the right thing in selling the Nickel assets, the progress has been so slow, it’s needs to go to someone who has the time and funds to get the license and develop to project.
The boards definitely feel a lot more chipper today, it’s amazing how it can just change so quickly:-)
Thanks Nige
Morning Ed,
Hope you had a good weekend.
Quick question about the “ multiple potential zones” line in the RNS.
Do you think this could potentially mean we have a number of updates along the way, rather than just 1 big RNS with all the info?
Thanks Nige
Morning Ed,
Forgot to mention yesterday, you were right about TRP?
No incentives there for the directors to get the sp up, they are already in the money.
Let’s hope AK can get us above the 1.6p target this year :-)
Thanks Nige
Thanks Ed
Hopefully we will get some meat on the bones soon.
An updated investor presentation would be helpful to us, so we can see what they are planning and the timelines but it all sounds very exciting for investors.
Thanks Nige