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, […]
Tag: Kwanza basin – onshore Angola
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 […]
Corcel to restart Tobias wells intervention
Corcel plc’s partner will soon restart intervention activities at the Tobias-13 and Tobias-14 wells on block KON-11 in the Kwanza Basin, onshore Angola. CONFIDENT Previous drilling and testing resulted in minimal oil for TO-13 and significant water in TO-14’s clean-up. The company said that the work by operator Sonangol would provide additional information specifically relating […]
Corcel increases stake in KON-16
Corcel plc has acquired an additional 20% in its operated block KON-16 in the Kwanza Basin, onshore Angola. FUNDRAISE The acquisition, subject to approvals, is through its 90% owned subsidiary Atlas Petroleum Exploration Worldwide Ltd (APEX), taking its total holding to 55% gross, with 49.5% net to Corcel and at no cost. KON-16 covers 1,022 km2 […]
Corcel completes KON-16 survey data acquisition
Corcel plc has competed acquisition of survey data on block KON-16 in the Kwanza Basin, onshore Angola. PROSPECTIVITY Metatek Group began operations for the enhanced full tensor gradiometry survey (eFTG) in June. Following processing and interpretation of the data during Q4, the company will ascertain how to develop the prospectivity of the 1,000km2 block. The data […]
Corcel to acquire new data on Angola blocks
Corcel plc has received approval to acquire new geological and geophysical data on its three onshore Angola blocks. FOCUS KON-11 and KON-12, considered brownfield redevelopment with historic production from the Tobias and Galinda fields, and operated KON-16 will be subject of an enhanced full tensor gradiometry survey (eFTG). The programme follows “inconclusive results” at the end […]