Corcel plc has issued 50 million new ordinary shares following the exercise of 50m warrants at £0.005 per share for £250,000, at a premium to the prevailing share price. TVRs Charlestown Energy Partners, certain Corcel directors and other private investors gave notice of the warrants exercise. The 50m warrants exercised, originally issued on 17 October […]
Tag: Kwanza basin – onshore Angola
Corcel awards seismic contract for KON-16
Corcel plc has awarded the contract to acquire a 326-line km of 2D seismic data within the KON-16 block in the Kwanza Basin, onshore Angola. WELL BGP Geophysical Limitada LDA, and BGP Inc. China National Petroleum Corporation (BGP) will target high grade areas to “advance subsurface prospectivity to drill ready status”. The new data, obtained from […]
Corcel raises £1.1m for KON-16 seismic
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 […]
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 […]