Corcel plc received £82,500 following notices of 39,285,714 warrants exercised at a price of £0.0021 per share. The company has issued 39,285,714 new ordinary shares of £0.0001 each. Following admission, Corcel’s issued ordinary share capital will comprise 1,638,814,702 ordinary shares, each with one voting right and none held in treasury.
Tag: Corcel plc
Tobias-14 penetrates entire Binga reservoir
Corcel plc’s second well in Angola has penetrated the entire Binga reservoir section, of an approximately 80-metre column, with potential pay zones in multiple intervals. MOVEABLE FLUIDS Operator Sonangol drilled Tobias-14 to a total depth of 781m and close to TO-4, as an offset well from the “best historic producer” in the original Tobias field. […]
Corcel reshapes board with new directors
Corcel plc has appointed three new directors to its board with immediate effect and expects to add a further two on completion of checks. MD Angola and chief commercial officer Geraldine Geraldo joins as an executive director. Ms Geraldo has a legal and business development background and more than 15 years’ experience in the oil […]
Corcel starts exploration at Canegrass
Corcel plc has begun initial exploration activities at its 100% owned Canegrass lithium project in Western Australia. TARGETS The company has engaged APEX Geoscience will for one week carry out “first pass ground truthing” to verify interpreted pegmatite swarms delineated from satellite imagery analysis. The programme aims to investigate and confirm lithium and nickel prospectivity of […]
Corcel JV spuds Tobias-14 in Kwanza
Corcel plc’s consortium partner has spud the Tobias 14 well on the onshore KNON-11 block in the Kwanza basin, onshore Angola. PRODUCTION TO-14 follows drilling of TO-13 which earlier this month encountered “potentially productive zones in multiple intervals” throughout the Binga reservoir. A well testing programme for both wells will begin after operator Sonangol reaches total […]
Tobias-13 shows potentially ‘significant’ productive zones
The Tobias-13 well has encountered “several potentially productive zones in multiple intervals” in the Kwanza basin, Angola. BINGA RESERVOIR Corcel plc’s joint venture and operator Sonangol (80%) drilled at a downdip location from historic production to the planned depth of 958.5 metres, penetrating the entire Binga reservoir section of a circa 120m column. Results indicate […]