Corcel plc reported initial “excellent data quality” from its first 2D seismic acquisition at the operated KON-16 block, within the Kwanza Basin, onshore Angola. ENCOURAGING Processing of the 326-line km of high resolution data is expected to begin, with results published throughout the year to advance leads and preparations for drilling. “The high quality of […]
Tag: Block KON-16
Corcel granted licence for KON-16 seismic
Corcel plc has received final approval of its environmental impact assessment, which grants a full environmental licence for seismic acquisition and drilling in block KON-16, onshore Angola. OPERATOR The company’s local subsidiary, Atlas Petroleum Exploration Worldwide Ltd has also signed a contract for the 2D seismic with B.G.P. Geophysical Limitada, Lda and BGP Inc., China […]
Corcel awards seismic contract for KON-16
Corcel plc has awarded the contract to acquire a 326-line km of 2D seismic data within the KON-16 block in the Kwanza Basin, onshore Angola. WELL BGP Geophysical Limitada LDA, and BGP Inc. China National Petroleum Corporation (BGP) will target high grade areas to “advance subsurface prospectivity to drill ready status”. The new data, obtained from […]
Corcel raises £1.1m for KON-16 seismic
Corcel plc has raised £1.1 million through a placing of 323,529,407 new ordinary shares of £0.0001 each at £0.0034 per share from a new and existing institutional investors. DIRECTORS Proceeds will go towards a 2D seismic programme during the third quarter of this year at the company’s operated KON-16 block, onshore Angola. New investor Toronto-based Purpose […]
Corcel secures controlling interest in KON-16
Corcel plc has acquired a further 30% in its operated Block KON-16, and sold a 5% share for $2.5 million in the asset, located within the Kwanza Basin, onshore Angola. ADVANTAGE Proceeds will accelerate and fund the 2025 seismic programme in KON-16, ahead of drilling an initial exploration well during 2026. Corcel’s subsidiary, Atlas […]
Corcel awards EIA contract for KON-16
Corcel plc has awarded the contract for the environmental impact assessment at the exploration Block KON-16 in the Kwanza Basin, onshore Angola. SEISMIC Eco-Eficiência Lda will evaluate the potential environmental and social impacts of planned 2D seismic acquisition activities, expected to target the first exploration well. The EIA is due to complete by July 2025, […]