Corcel plc has appointed Leandro Schujmann as its new chief financial officer. Mr Schujmann replaces Scott Kaintz who stepped down on 31 March 2026 to pursue interests outside the company. “We would like to thank Scott Kaintz for his contribution to Corcel and wish him every success in the future,” said chief executive officer Scott […]
Tag: Corcel plc
Corcel issues 900m shares
Corcel plc has issued 900 million placing shares, in connection with the £3.6m fundraise on 19 March. TVRs Following admission, the company’s total issued share capital will comprise 9,415,475,996 ordinary shares, each with one voting righ. The company does not hold any ordinary shares in treasury. Net proceeds will fund drilling Corcel’s first exploration well, […]
Corcel raises £3.6m
Corcel plc has raised £3.6 million via a subscription with “a number” of its existing strategic investors, for 950m new ordinary shares of £0.0001 each, at a price of £0.004 per share. TVRs The company said that the shareholders had made the approach in order to increase their investment at the current market price. Each […]
Corcel positive on 2D seismic at KON-16
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 […]
Corcel raises £3m via placing
Corcel plc has raised £3 million via an equity placing of 857,142,858 new ordinary shares of £0.0001 each, at a price of £0.0035 per share, from two new shareholders. TVRs The company said that the new investors had “decades of institutional investment experience and deep expertise in global capital markets”. Following admission, Corcel’s total issued […]
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 […]