Corcel plc has issued 31,250,000 new ordinary shares of £0.0001 by way of a warrants exercise at a price of £0.00225 per warrant share for £70,312.50. TVRs Following admission of the 31,250,000 warrant shares, the company’s issued share capital will comprise of 5,589,928,731 ordinary shares, each with one voting right. The company has also applied […]
Tag: Corcel plc
Corcel directors buy 45m shares
Corcel plc directors have bought a total of 45 million ordinary shares each of £0.0001, at a price of £0.003 each in the company. HOLDINGS Chief executive officer Scott Gilbert purchased 25m ordinary shares for £75,000, which takes his total shareholding to 75.5m equal to 1.35% of the issued share capital, along with 31,490,580 options. […]
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, […]
Corcel welcomes production in IRAI field
Corcel plc said that sustained gas production at 20,000m³ a day had been confirmed from the EI-1 well in the IRAI field in the state of Bahia, Brazil. DECISION Operator Petroborn Óleo e Gás S.A. re-entered the well to test the gas zone at 417m and is currently connecting it to existing gas production infrastructure […]
Corcel notes start of workover on IRAI
Corcel plc said that a workover had started in the EI-1 well on the IRAI gas field located in the state of Bahia, onshore northeast Brazil. PROMISING Field operator Petroborn Óleo e Gás S.A’s work is part of a two-well workover programme. Corcel holds an option to acquire an interest in the field, which lies […]