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: Kwanza basin – onshore Angola
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 […]
Corcel increases issued share capital to 7.6bn
Corcel plc has increased its issued share capital, under an acceleration clause, with exercise of the 1,698,125,000 February 2025 warrants, for £3.85 million. TVRs The company said that the last 334,375,000 of exercised warrants came under the block admission dated 24 June 2025. Following the exercise, Corcel’s issued share capital comprises 7,630,333,138 ordinary shares, with one […]
Corcel notes acceleration of warrants exercises
Corcel plc said that the acceleration clause of the outstanding 1,666,875,000 warrants issued on February 2025, and valued at £3.7 million, had been triggered. TVRs A total of 31,250,000 warrants were exercised in June 2025, with the number of warrant exercises to date totalling 1,332,500,000, for £2,998,125. Of the 1,332,500,000 warrants exercised, 332,500,000 fell under […]