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 […]
Tag: Kwanza basin – onshore Angola
Corcel issues 31.25m shares in warrants exercise
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 […]
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 raises £2.7m from strategic investors
Corcel plc has raised £2,717,000 via the issue of 1,698,125,000 new ordinary shares of £0.0001 each at a 6.7% premium price of £0.0016 per share. TVRs The fundraise is with strategic investors with “significant” experience in the oil and gas sector. Each investor will receive one warrant for each placing share to subscribe for one […]