Corcel PLC Interview

RNS Number : 8575M

Corcel PLC

20 November 2024

 

REACH

 

Corcel PLC

("Corcel" or the "Company")

Interview

 

20 November 2024

 

Corcel Plc (London AIM: CRCL), the pan-Angola-Brazil focused energy company, is pleased to announce that is has released an interview with Geraldine Geraldo, Corcel's Chief Commercial and Strategy Officer, which can be accessed through the following link:

 

https://www.youtube.com/watch?v=MoRSzXI-2ts

 

For further information, please contact:

 

Scott Gilbert - Corcel Plc, CEO & Director

[e-mail]                                                                           

 

James Joyce / James Bavister / Andrew de Andrade - Zeus, NOMAD & Broker

020 3829 5000                                                                                        

 

Jonathan Wright / Rupert Holdsworth Hunt - Auctus Advisors, Joint Broker

07711 627449

 

Patrick d'Ancona - Vigo Communications, IR

0207 3900 230                                                                          

 

About Corcel

 

Corcel has a notable oil and gas portfolio in onshore Angola that includes brownfield redevelopment opportunities and significant exploration upside.

 

Corcel's Angola portfolio consists of interests in three licences:

·    KON - 16 Operated - 55% working interest - 49.5% net to CRCL

·    KON - 11 Non-Operated - 20% working interest - 18% net to CRCL

·    KON - 12 Non-Operated - 25% working interest - 22.5% net to CRCL

 

 Corcel's Brazil portfolio consists of the option to acquire:

·    a 20% interest in the IRAI gas field

·    a right-of-first refusal ("ROFR") over the remaining 80% in the IRAI field, and

·    another ROFR for 100% of the adjacent TUC-T-172 exploration block, located in the state of Bahia, onshore Brazil.

 

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END

 

 

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