Member Info for Thenorseman

Ed

Thank you for posting. I really enjoy reading your posts just like many many others on here by the look of it.

Corcel still keep (re)tweeting about Tobias oil “export and transportation” and “highly fractured” and I am sure they would have kept quiet (a low profile) if preliminary results were bad as I’m sure they would know at least something by know unofficially.

N

Daiki

Not sure but sort of what I understood also.

I noticed it first in Upstreamonline in an article on Energean”

“A recent court ruling in Italy, meanwhile, could unlock previously restricted acreage for E&P activities.”

https://www.upstreamonline.com/finance/energean-stock-price-rises-on-big-revenue-and-profit-surge/2-1-1616211

Sort of weakens Italys stance and with the new prime minister Meloni being pro oil and gas this might be the excuse she needs to say sorry and pay up and open up. Who knows

N

Https://www.unlaw.it/en/highlights/the-regional-administrative-court-rejects-the-pitesai-new-perspectives-for-the-oil-gas-sector/

Ed

Thank you SOO much for taking the time to reply.

I did notice in the recent Corcel presentation on page 25 indicates “Tobias Field Appraisal” ongoing until end of Q2. Makes me wonder if we will be drilling an appraisal well now after test?

Ed

I tempted to do a cheeky top up. The only thing holding me back is that as the reservoir has been tapped earlier the gas drive might not be as good as when the initial production started and this the new flowrates would be less excellent. Hopefully we still have efficient waterdrive, and who knows if new oil has replenished the reservoir, as management think, this oil might still be a bit gassey. Anyway the long term drive will always be the water I understand. Submersible pumps might also be an option later?

Any thoughts?

MattC

Give Godders a break please just let him keep moaning for a bit longer. I have some funds coming in soon to by more RKH and honestly don’t mind a bit lower share price:)

N

5+ weeks after RNS stating that testing of TO-14 had formally begun CRCL are adding the recent presentation with nearly 18000 barrels/day from Tobias when producing to Linkedin. Surely our management will already have an idea of the results so far and if not good they surely wouldn’t upload the presentation now would they???

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OIL

Couldn’t agree more. Comforting to know.

Tx

N

Mcf

Current situation for Tobias:

Unproduced prospective oil resources estimates:

KON-11 - 65 MMBbls gross, 11.7 MMBbls net to CRCL

The resource certification is really to convert the PROSPECTIVE 65 MMBbls (or more?) gross oil resource to contingent or proven so that we have something of proven value to borrow from banks (or other financial institutions) against for RBL (Resource Based Lending) for developing Tobias.

N

Mcf I’d say up to two months only as indicated by Corcel makes sense if the CPR is only to certify the Tobias oil field and not looking at other leads and prospects in the licence.

N

TCM

Pretty much agree with all you said.

Just one note regarding Delek: They own 55% of NewMedEnergy and the USD$2 billion sale to BP/Adnoc was recently suspended leaving Delek with substantially less cash than in the near future than planned.

Kind regards

N

https://www.upstreamonline.com/finance/bp-and-adnoc-suspend-2-billion-israeli-gas-deal-due-to-conflict/2-1-1611736

“With testing underway, the Company now expects to receive initial flow tests results for TO-14 over the next several weeks and will update the markets on the results of the test programme in due course. “

——-

As discussed earlier (I think) we should get “initial” To-14 results any day now.

N

…next Tuesday!

Ed

Thank you for filling me in.

This one I guess

https://angolaoilandgas.com/invest-in-angola-oil-gas-2024/

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Lsetown

What is this Texas thing? Investor/oil conference or similar?

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Https://penguin-news.com/headlines/2024/falkland-islands-population-doubled-since-1980/

Mcf

Now that Corcel knows the outcome of the latest Angola licencing round (didn’t win any) they are in a better position to plan, finance and execute buying other assets I guess.

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OIL

Thank you so much for the update.

Certainly does.

N

OIL

Thanks. Do we know yet what the this bond is for?

Kind regards

N

Godders…i share your frustration btw

N